About GPS vehicle trackers
Increasing adoption of intelligent transport management system is the major driving factor in the growth of the global vehicle tracking systems market. Moreover, the growth in the sales of vehicle tracking systems, in order to maintain the safety and security concern within transportation services. In addition, increase in fleet operations especially in developing economies is expected to provides the lucrative opportunity in the growth of the GPS vehicle tracking systems market in upcoming years.
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 vehicle trackers 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 vehicle trackers 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 vehicle trackers 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.
Actility (France ), AT&T Inc. (Germany), Huawei Technologies (China), Ingenu (United States), Link Labs Inc. (United States), Loriot (Switzerland), Nwave Technologies (United Kingdom), Qualcomm Inc. (United States), Semtech Corporation (United States), Senet Inc. (United States), Sigfox (France), Telefonica Sa (Spain), Vodafone Group Plc (United Kingdom), Waviot (United States) and Weightless Sig (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global GPS vehicle trackers market by Type (Standalone Tracker, OBD Device and Advance Tracker), Application (Agriculture, Smart Logistic and Transportation, Healthcare, Industrial Manufacturing, Oil and Gas, Consumer Electronics and Others) and Region.
On the basis of geography, the market of GPS vehicle trackers 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 Service Type, the sub-segment i.e. Managed Services will boost the GPS vehicle trackers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Continuous Innovations Such as Mobile Tracking and Enhanced Satellite View and Increasing Investments in Road up-Gradation or Constructing New Ones
Market Growth Drivers:
The Growth in the Sales of Commercial Automobiles in Developing Countries and Increasing Adoption of Smaller Size, Longer Life, and High Roi Products
Challenges:
Increasing Adoption of Smartphone as a Tracking Device
Restraints:
Impact of Nonstandard Products and Several Environmental Factors Leads to Poor User Experience
Opportunities:
Increasing Adoption of Hardware Agnostic Tracking Solutions and Surging the Demand for GPS Fleet Tracking Devices
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 February 2023, India's leading advanced digital maps provider MapmyIndia launched its new line mappls gadgets for cars and two wheelers including advanced Vehicle GPS trackers, Dash Cameras, In-Dash Navitainment System and smart helmet kit.
Key Target Audience
Manufacturers and Supplier of GPS tracking devices, GNSS/GPS IC supplier, GNSS module supplier, GPS antenna supplier, Distributors and traders, Semiconductor product designers and fabricators, Software and service providers, Technology investors and Technology solution providers
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.