Industry Background:
A GPS tracking device is usually carried by a person or moving vehicle which uses the Global Positioning System to determine as well as track its precise location, and therefore that of its carrier, at intervals. Growth in commercial vehicle leads to the growth of GPS system with small in size, easy to carry. GPS tracking devices are used for several applications including Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, and Others. Various types of GPS devices such as standalone tracker, OBD device, and advance tracker are widely used over the various end use industries. This is likely to create a huge market for the GPS tracking devices over the coming years.
The Global GPS Tracking Device market presents a comprehensive analysis of the GPS Tracking Device market by product type (Standalone Tracker, OBD Device and Advance Tracker), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Players profiled in the report are CalAmp Corp.(United States), Orbocomm Inc. (United States), Sierra Wireless Inc.(Canada), Queclink Wireless Solutions Co., Ltd. (China), Concox Information Technology Co., Ltd. (China), Tomtom International Bv (Netherlands), Laird PLC (United Kingdom), Atrack Technology Inc. (Taiwan), Meitrack Group (China) and Teltonika UAB (Lithuania). Additionally, other players that are part of this comprehensive study are Neomatica LLC (Russia), Box Telematics Ltd. (United Kingdom), Danlaw Inc. (United States), Starcom System Ltd. (United States), Suntech International Ltd. (South Korea), Xirgo Technology LLC (United States) and Ruptela UAB (Lithuania).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | CalAmp Corp.(United States), Orbocomm Inc. (United States), Sierra Wireless Inc.(Canada), Queclink Wireless Solutions Co., Ltd. (China), Concox Information Technology Co., Ltd. (China), Tomtom International Bv (Netherlands), Laird PLC (United Kingdom), Atrack Technology Inc. (Taiwan), Meitrack Group (China) and Teltonika UAB (Lithuania) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Growth Drivers:
Growing Commercial Vehicles industry, Reduced Size, and Longer Life and Reasonable Price of GPS tracking device
Challenges:
Growing adoption of smartphone as tracking device
Restraints:
Many environmental factors leading poor user experience
Opportunities:
Use of GPS Tracking Device for Usage-Based Insurance (UBI) and Development in the Software
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global GPS Tracking Device industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the Europe holds majority of market share of the GPS Tracking Device
The Deployment Type, such as Commercial Vehicle, is boosting the GPS Tracking Device market and is anticipated to experience a steady growth during the forecast period.
The Industry Vertical, such as Transportation & Logistics, is boosting the GPS Tracking Device market and is anticipated to experience a steady growth during the forecast period.
The Communication Technologies, such as Satellite, is boosting the GPS Tracking Device market and is anticipated to experience a steady growth during the forecast period.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)