GPS Tracking Device market by Product Type, Sampling Method, Component, Application, End-user, and Region 2029


GPS Tracking Device Market is expected to grow at a CAGR of 11.8% during the forecast period and market is expected to reach US$ 4.43 Bn. by 2029.

GPS Tracking Device Market Overview

The "GPS Tracking Device Market” analysis is a specialized and extensive examination of the GPS Tracking Device market, with a particular emphasis on global market trends and analysis. The purpose of the report is to give an overview of the GPS Tracking Device market, as well as extensive market segmentation by type, end-user, and geography of the region. During the predicted period, the GPS Tracking Device market is expected to develop rapidly. The research provides important information on the market position of the GPS Tracking Device market major players, as well as significant market trends and opportunities.

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GPS Tracking Device Market Scope

The report includes a SWOT analysis to assess the GPS Tracking Device market strengths and weaknesses. The research analyst conducts thorough research of the GPS Tracking Device Market size, share, trends, total earnings, gross revenue, and profit margin to precisely anticipate the market and give professional insights to investors to keep them up to speed on market developments.

The report on GPS Tracking Device  Market offers a thorough analysis of the industry that is equipped with a major key finding that includes major market drivers, opportunities, challenges, and growth rate of the GPS Tracking Device market. The report acts as a guide for investors in the industry. The report provides the size of the GPS Tracking Device Market and Compound Annual Growth Rate for the forecast period (2022 to 2029).

Segmentation

The growing number of commercial vehicles, as well as the accuracy of these devices in determining the location of mobile objects, are the primary drivers of the GPS tracking device market. Furthermore, increasing the use of GPS technology to monitor and track these vehicles provides better consumer service, is smaller in size, and has a longer lifespan. Furthermore, the use of a GPS tracking device for security and surveillance applications are two segments that are expected to drive the global GPS tracking device market during the forecast period. The report has covered its analysis with key players by region, providing readers with a micro level understanding of the market.

The advance tracker segment is expected to have the highest market revenue share throughout the forecast period. The availability of profitable advanced trackers is increasing their adoption in vehicles because they provide data on engine performance.

The commercial vehicle segment is expected to have the largest market share of the global market in terms of revenue in the future, according to the deployment type segments. GPS is increasingly being used to track and monitor commercial vehicles such as buses, construction vehicles, and trucks, as well as to protect valuable goods loaded in these vehicles.Europe had the highest revenue share and is expected to maintain that position over the forecast period. The presence of prominent automotive companies such as Box Telematics Ltd., Ruptela UAB, Teltonika UAB, and Neomatica LLC, which offer GPS tracking devices in vehicles, is a critical factor driving the market in this region's growth. In terms of revenue, the North American market is expected to account for the second-largest share in the future.

Key Players

• Laird PLC
• Calamp Corp
• Teltonika UAB
• Concox Wireless Solutions Co., Ltd.
• TomTom International BV
• Sierra Wireless Inc.
• Geotab Inc.
• Meitrack Group
• ATrack Technology Inc.
• Orbocomm Inc, Ltd.
• Trackimo LLC
• Queclink Wireless Solutions Co., Ltd.
• Meiligao GroupTELTONIKA
• Spy Tec International
• Rekvizitai.lt Lithuania
• Lantronix, Inc
• Xirgo Technologies.
• GPS Insight
• ClearPathGPS, Inc

Regional Analysis

The GPS Tracking Device market research provides the market area, which is further divided into sub-regions and countries. This section of the report contains information on profit forecasts as well as market share in each country. This part of the report discusses each region, country, and sub-market region's share and growth rate over the estimated time.

The report provides a PESTLE analysis for all five regions namely North America, Europe, Asia Pacific, Middle East, Africa, and South America for the GPS Tracking Device market.

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Key Questions answered in the GPS Tracking Device Market Report are:

  • What is GPS Tracking Device Market?
  • What is the forecast period of the GPS Tracking Device Market?
  • What is the competitive scenario of the GPS Tracking Device market?
  • Which region held the largest market share in the GPS Tracking Device Market?
  • What are the opportunities for the GPS Tracking Device Market?
  • What factors are affecting the GPS Tracking Device market growth?
  • Who are the key players of the GPS Tracking Device market?
  • Which company held the largest share in the GPS Tracking Device market?
  • What will be the CAGR of the GPS Tracking Device market during the forecast period?
  • What key trends are likely to emerge in the GPS Tracking Device market in the coming years?

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by GPS Tracking Device market
  • Landscape- Leading key players and other prominent key players. 

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Published in

Electronics , Blogs

Published on

Mar 06, 2023

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