About GPS Tracking Devices
A GPS tracking device is a navigation device generally carried by a moving person or a vehicle that is used to track the location and movements of a vehicle or person. GPS tracking devices are used to obtain real-time location-based data with high accuracy as well as to track its precise location. The location can be traced out, stored and transmitted to others, which are connected through the internet using satellite or cellular modem embedded in the unit. Additionally, Data tracking software is available for smartphones with GPS.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.95% |
Competition among existing players is due to the GPS Tracking Devices 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 Tracking Devices 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, China, Taiwan Players will contribute the maximum growth to Global GPS Tracking Devices 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.
ORBCOMM (United States), Laird PLC (United Kingdom), CalAmp Corporation (United States), Sierra Wireless Inc. (Canada), Teltonika UAB (Lithuania), Geotab Inc. (Canada), Shenzhen Concox Information Technology Co., Ltd (China), Tomtom International BV (Netherlands), Queclink Wireless Solutions Co., Ltd (China), Trackimo LLC (United States) and Sitael S.p.A. (Italy) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Meitrack Group (China), Atrack Technology Inc. (Taiwan), Xirgo Technologies Inc. (United States), Shenzhen Coban Electronics Co., Ltd (China), Maestro Wireless Solutions Ltd. (China) and Tenna, LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global GPS Tracking Devices market by Type (OBD (On Board Devices), Standalone Tracker and Advance Tracker) and Region.
On the basis of geography, the market of GPS Tracking Devices 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 Deployment Type, the sub-segment i.e. Commercial Vehicle will boost the GPS Tracking Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Tracking Device, the sub-segment i.e. Satellite will boost the GPS Tracking Devices 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. GPS Loggers will boost the GPS Tracking Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Transportation & Logistics will boost the GPS Tracking Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Driver Behavior Monitoring and Increase in Telematics
Market Growth Drivers:
Rapid Growth of Commercial Vehicles, High ROI and Better Accuracy and The Rising Demand for GPS Devices Owing To Affordable Prices
Challenges:
Increasing Adoption of Hardware Agnostic Tracking Solutions
Restraints:
Impact of Nonstandard Products and Several Environmental Factors
Opportunities:
Usage of GPS Tracking Device for Usage-Based Insurance (UBI) and Advancement in the Software & Technology
Market Leaders and their expansionary development strategies
In Feb 2018, Integrated Device Technology, Inc. announced that its latest wireless charging chipset is used in SITAEL's MAT (Magnetic Assisted Tap), a novel smartphone docking station that turns e-bikes into fully connected vehicles and which was recently named a CES 2018 Innovation Award Honoree in the Vehicle Intelligence and Self-Driving Technology category. MAT provides e-bikes with unique connected vehicle features when used with a smartphone. These features include a dashboard display that shows speed, distances, etc.; a navigator, real-time vehicle control and monitoring, a GPS/GPRS-based anti-theft system and smartphone wireless charging, an important feature of MAT.
In Oct 2018, Tenna, has announced the launch of TennaGO, an IoT hardware tracking device representing the ongoing expansion of the Tenna product line. The device is suitable for tracking heavy equipment as well as machines that offer power sources, the TennaGO cellular trackers provide precise GPS tracking and management for high-value heavy yellow iron machines. TennaGO cellular trackers use IoT technology to connect equipment to the Tenna App on a mobile device for autonomous real-time tracking and monitoring.
Key Target Audience
Associations, organizations, forums, and alliances, Supplier of GPS tracking devices, GNSS/GPS IC supplier, GNSS module supplier, GPS antenna supplier, Companies involves in fleet management and telematics, Distributors and traders, Research organizations and consulting companies, 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.