About GPS locator
A GPS locator is used to track the device movement which is carried by the vehicle or a person. The data recorded is stored in tracking device or transmitted to the device connected to the internet. This provides the location against the map backdrop in real time or while analyzing it later. Over the years the demand of GPS devices has grown and still increasing as more people are owning the GPS system. These benefits and factors are increasing the demand of GPS locator.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the GPS locator market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for GPS locator market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global GPS locator market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amber Alert GPS (United States), BrickHouse Security (United States), Trackimo (United States), AngelSense (United States), Spy Tec (United States), Trax (Singapore), Yepzon (United States), My Buddy Tag (United States), Optimus Tracker (United States) and ACR Electronics (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global GPS locator market by and Region.
On the basis of geography, the market of GPS locator has been segmented into 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). If we see Market by End Users, the sub-segment i.e. Standalone Tracker will boost the GPS locator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Vehicle Type, the sub-segment i.e. Standalone Tracker will boost the GPS locator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Standalone Tracker will boost the GPS locator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Usage of GPS Trackers in Commercial Vehicle, Cargo Containers and Fleet Management
Market Growth Drivers:
Low Costs and Uniformity in Performance and IoT and Cloud Technology is Driving the Market
Restraints:
Change in Climate May Led to Poor User Experience and Impact of Non-Standard Products May Hamper the Market Growth
Opportunities:
Government Mandates for Implementation of GPS Trackers in Vehicles and Growing Demand of Consumer Electronics is leading to Demand of GPS Locator
Market Leaders and their expansionary development strategies
In October 2022, GPS Insight, a leading provider of SaaS-based fleet and field service management software solutions, announced the acquisition of Certified Tracking Solutions, a leader in GPS telematics, fleet tracking and management, connected transportation, and industrial IoT. Certified Tracking Solutions' premiere brand, Titan GPS, offers a full range of fleet management solutions and support to thousands of fleet operators across Canada and the United States.
In July 2019, Ship chain and GTX corps has announced a partnership for NFC block chain shipment tracking solution. GTX offers a suit of GPS and NFC tracking location based solution
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organizations, Government Agencies and Organizations
Key Finding and Research Objectives
The primary objective is to underline the competitive structure of GPS locator Industry. The research includes study of several small to medium-sized companies that compete with each other and large enterprises. Identify regional factors impacting production studied at Global scale. Insights on Regulatory & Economic policies by geography giving ease to Market entry. What product features & benefits offered by Industry players studied and broken down by diverse group of customer class.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.