Global GPS (Global Positioning System) Tracking Device Market, By Type (Standalone Tracker, OBD Device, Advance Tracker), Deployment Type (Commercial Vehicle, Cargo and Container, Others), GPS (Global Positioning System) Tracking Device (Satellite, Cellular), Industry (Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The GPS (Global Positioning System) tracking device market is expected to witness market growth at a rate of 12.88% in the forecast period of 2021 to 2028. Data Bridge Market Research report on GPS (Global Positioning System) tracking device market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the acceptance of better technologies across several sectors is escalating the growth of GPS (Global Positioning System) tracking device market.
GPS (Global Positioning System) tracking devices are known to be utilized to acquire precise, real-time location-based information regarding an adult, a child, a vehicle, or even some other type of asset that an individual may have. The devices are utilized to spot the vehicle or person, that utilizes the global positioning system to determine and track its accurate location. Therefore, that of its carrier, at intervals.
Major factors that are expected to boost the growth of the GPS (Global Positioning System) tracking device market in the forecast period are the development of the commercial vehicles. Furthermore, the smaller size, the lengthier life, and the high Roi is further anticipated to propel the growth of the GPS (Global Positioning System) tracking device market. Also, the reasonable costs are further estimated to cushion the growth of the GPS (Global Positioning System) tracking device market. On the other hand, the effect of nonstandard products and various environmental factors which leads to reduced user experience is further projected to impede the growth of the GPS (Global Positioning System) tracking device market in the timeline period.
In addition, the utilization of GPS (Global Positioning System) tracking device for the usage-based insurance (UBI) and the development in the software will further provide potential opportunities for the growth of the GPS (Global Positioning System) tracking device market in the coming years. However, the rise in the acceptance of hardware agnostic tracking solutions might further challenge the growth of the GPS (Global Positioning System) tracking device market in the near future.
This GPS (Global Positioning System) tracking device market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on GPS (Global Positioning System) tracking device market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The GPS (Global Positioning System) tracking device market is segmented on the basis of type, deployment type, GPS tracking device, and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
The GPS (Global Positioning System) tracking device market is analysed and market size, volume information is provided by country, type, deployment type, GPS (Global Positioning System) tracking device, and industry as referenced above.
The countries covered in the GPS (Global Positioning System) tracking device market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the GPS (Global Positioning System) tracking device market due to the rise in the need for GPS (Global Positioning System) tracking devices. Furthermore, the several conferences and the events regarding the GPS (Global Positioning System) tracking devices will further boost the growth of the GPS (Global Positioning System) tracking device market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the GPS (Global Positioning System) tracking device market due to the large number of manufacturing facilities. Moreover, the rise in the sale of commercial vehicles for transportation and logistics purposes is further anticipated to propel the growth of the GPS (Global Positioning System) tracking device market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The GPS (Global Positioning System) tracking device market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to GPS (Global Positioning System) tracking device market.
The major players covered in the GPS (Global Positioning System) tracking device market report are CalAmp, Sierra Wireless, ORBCOMM, Queclink Wireless Solutions Co., Ltd., Concox Information Technology Co., Ltd., Laird, TomTom International BV., Meiligao GroupTELTONIKA, ATrack Technology Inc., Geotab Inc., Spy Tec International, Rekvizitai.lt Lithuania, Lantronix, Inc, Xirgo Technologies., GPS Insight, ClearPathGPS, Inc, Azuga, Agile Fleet, US Fleet Tracking, ARIHANT ELECTRICALS, Shenzhen Eelink Communication Technology Co., Ltd., GPS SYSTEMS INDIA, and AssetTrackr Pvt Ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.