GPS Tracking Device Market | Covid-19 Impact Analysis

GPS Tracking Device Market Insights

GPS Tracking Device market is likely to witness an excellent CAGR of 12.1% during the forecast period. Increasing sales of commercial vehicles growing need for vehicle-theft protection, high return on investment to users of GPS tracking devices, and government mandates such as electronic logging device (ELD) are the major factors likely to drive the market for GPS tracking devices during the forecast period, globally.

Market Share Analysis

Wish to Get a Free Sample? Register Here

GPS Tracking Device Market Share: By Device Type

Based on the device type, the market is segmented as standalone tracker, OBD device, and advance tracker. The advance tracker segment is likely to be the fastest-growing segment during the forecast period. Installed in vehicles and cargo & containers, advance tracker not only helps in tracking vehicle location but also helps in engine diagnosis.

GPS Tracking Device Market Share: By Deployment Type

Based on the deployment type, the GPS tracking device market is segmented as commercial vehicle, cargo & containers, and others. The commercial vehicle segment held the largest share of the market in 2019, due to its extensive use in the transportation industry. The segment is expected to maintain its legacy during the forecast period as well.

GPS Tracking Device Market Share: By End-Use Industry Type

Based on the end-use industry type, the market is segmented as transportation & logistics, metals & mining, construction, oil & gas, government, and others. The transportation & logistics segment is the largest as well as the fastest-growing industry in the GPS tracking device market, driven by its extensive use in a large number of commercial vehicles.

GPS Tracking Device Market Share: By Region

In terms of regions, Europe held the largest share of the market in 2019, and is estimated to continue its leading position during the forecast period as it is the automotive manufacturing hub. On the other hand, Asia-Pacific is likely to grow at the highest CAGR during the forecast period, with China and India as the major countries offering lucrative growth opportunities. North America is also expected to offer considerable growth opportunities in the coming five years.

Know which region offers best growth opportunities. Register Here

Some of the major players in the GPS tracking device market are-

• ATrack Technology Inc
• Calamp, Corp.
• Laird plc
• Meitrack Group
• Orbocomm Inc
• Queclink Wireless Solutions Co, Ltd
• Shenzhen Concox Information Technology Co
• Sierra Wireless Inc
• Teltonika UAB
• Trackimo LLC.

Market Scope & Segmentation

GPS tracking devices are used to obtain accurate and real-time location-based information about vehicle or any other assets. These devices use global positioning system to determine the precise location of the vehicle.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The GPS tracking device market is segmented into the following categories. 

GPS Tracking Device Market Size, Share, & Forecast, by Device Type:

• Standalone Tracker (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• OBD Device (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Advance Tracker (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

GPS Tracking Device Market Size, Share, & Forecast, by Deployment Type:

• Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cargo & Container (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

GPS Tracking Device Market Size, Share, & Forecast, by End-Use Industry Type:

• Transportation & Logistics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Metals & Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Government (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Education, Retail, Hospitality, Agriculture, and Healthcare)

GPS Tracking Device Market Size, Share, & Forecast, by GPS Tracking Device Type:

• Satellite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cellular (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

GPS Tracking Device Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Want to know the most attractive market segments? Register Here

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the devices types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].