The new GPS Tracking Device Market report offers a comprehensive study of the current scenario of the market including major market dynamics. Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country. Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the GPS Tracking Device market include CalAmp Corp. (US), Orbcomm Inc (US), Sierra Wireless, Inc (Canada), Shenzhen Concox Information Technology Co., Ltd. (China), Queclink Wireless Solutions Co., Ltd. (China), Tom Tom International BV (Netherlands), Teltonika UAB (Lithuania), ATrack Technology Inc. (Taiwan), Ruptela (Lithuania), Sensata Technologies, Inc. (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The increase in businesses operating vehicle fleets, coupled with the need for enhanced vehicle security and regulatory compliance, has driven the demand for GPS tracking devices. These devices are utilized to optimize fleet operations, improve driver safety, and achieve cost savings through route optimization. The growth of e-commerce has further accelerated adoption, aiding in efficient delivery services. In the realm of personal use, GPS tracking devices have gained popularity for ensuring the safety of individuals, including children, the elderly, and pets. The rise of remote work has led to the monitoring of field employees, while broader trends like IoT and Industry 4.0 have integrated GPS devices into larger data-driven systems. Technological advancements in GPS technology, reduced device sizes, and improved accuracy have also contributed to market expansion.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of gps tracking device. The growth and trends of gps tracking device industry provide a holistic approach to this study.
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Market Segmentation
This section of the gps tracking device market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Standalone Trackers
- OBD Devices
- Advance Trackers
By Deployment
- Commercial Vehicles
- Cargo & Containers
By Industry
- Transportation & Logistics
- Construction
- Government
- Oil & Gas
- Metals & Mining
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the GPS Tracking Device market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The report "GPS Tracking Device Market by Type (Standalone Tracker, OBD Device & Advance Tracker), Deployment Type (Commercial Vehicle, Cargo & Container), Industry (Transportation & Logistics, Metals & Mining, and Construction) and Geography - Global Forecast to 2025" The GPS tracking device market is expected to reach USD 3.7 billion by 2025, at a CAGR of 11.4% between 2017 and 2025.
The factors that are driving the growth of market include the increasing sales of commercial vehicles, small farm factor, affordable price, and high ROI.
The growth of these devices is driven by the growth of commercial fleet management and declining prices of GPS trackers.
“APAC is projected to dominate the GPS tracking device market between 2017 and 2025” APAC is one of the emerging markets for the GPS tracking devices.
The usage of GPS tracking devices in this region is less as compared to other regions.
Some of the key players offering GPS Tracking devices include Calamp (US), Orbocomm (US), Sierra Wireless (Canada), Quelink Wireless Solution (China), Concox Wireless Solution (China), TomTom International (Netherlands), Laird (UK), Xirgo Technologies (US), and Maestro Wireless Solutions (Hong Kong) among others.
GPS Tracking Device MarketData Bridge Market research released a new market study on GPS Tracking Device Market with 100+ market data Tables, Pie Chart, Graphs & Figures spread through Pages and easy to understand detailed analysis In GPS Tracking Device Market research report also directs the manufacturer about planning of advertising and sales promotion efforts and makes it more effective.
GPS Tracking Device Market survey provides key information about the industry such as helpful and important facts and figures, expert opinions, and the latest developments across the globe.
This market study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period derived with the help of SWOT analysis.Global GPS tracking device market is to register a healthy CAGR of 12.10% in the forecast period of 2019-2026.
The report contains data from the base year of 2018 and the historic year of 2017Grab Sample Report + All Related Tables & Charts of Global GPS Tracking Device Market Study Now @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-gps-tracking-device-marketMarket Definition: Global GPS Tracking Device MarketGPS tracking is basically an observation of the situation by the use of the Global Positioning System (GPS) to trace the position of an object distantly.
The technology can locate latitude, line of longitude, course direction and ground speed of the target.
The GPS may be a bunch of twenty-four aligned satellites that orbit the earth and create it a possibility for particular ground receivers to locate their geographic locationTop Manufacturers Covered in the Report:Few of the major competitors currently working in global GPS tracking device market are CalAmp, Sierra Wireless, ORBCOMM, Queclink Wireless Solutions Co ., Ltd., Concox Information Technology Co., Ltd. , Laird, TomTom International BV.
The study covers the global GPS tracking industry statistics, in terms of revenue, for a period ranging between 2015 and 2025.
The report, besides estimating the ‘GPS Tracking Device’ market potential till 2025, analyzes on who can be the market leaders and what partnerships would help them to capture the market share.
The report gives an overview about the dynamics of the market, by discussing various aspects such as drivers, restraints, Porter’s 5 forces, value chain, customer acceptance and investment scenario.
Request for sample copy of the report at: https://www.adroitmarketresearch.com/contacts/request-sample/624 Rising instances of unauthorized use of company vehicles coupled with the increasing need for fleet productivity are projected to drive the global GPS tracking devices market demand over the forecast period.Engagement of vehicles in timely delivery of labor, materials, money or machines, where improvement in transit time & productivity can make a significant difference to the cost or control over logistics, is a prospect for vehicle tracking system installed.
These factor together are providing an impetus for the growth of the global GPS tracking device market.As the global automotive industry is showing rapid paradigm shift towards electric vehicles (EVs), GPS for electric cars is an additional factor projected to benefit the overall GPS tracking device market.
For instance, GPS tracking for EVs will continuously monitor the situation of charging and will notify whether it is time to return home or look for a charging station.Asia Pacific was the leader within the global GPS tracking device industry with a projected revenue size of USD 1.77 billion by 2025 on account of the rising sales of automobile coupled with the increasing installation of telematics.
