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GPS Tracking Device Market Report
The GPS Tracking Device Market is Segmented by Device Type (Standalone Tracker, OBD Device, and Advance Tracker), by Deployment Type (Commercial Vehicle, Cargo & Container, and Others), by End-Use Industry Type (Transportation & Logistics, Metals & Mining, Construction, Oil & Gas, Government, and Others), by GPS Tracking Device Type (Satellite, Cellular), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The GPS Tracking Device Market is Segmented by Device Type (Standalone Tracker, OBD Device, and Advance Tracker), by Deployment Type (Commercial Vehicle, Cargo & Container, and Others), by End-Use Industry Type (Transportation & Logistics, Metals & Mining, Construction, Oil & Gas...
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Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
See less...Covid-19 has impacted the market dynamics, competition, and global...
See more...Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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.
GPS Tracking Device Market - Snapshot |
|
Growth |
12.1% for the next five years |
Fastest-Growing Device Type |
Advance Tracker |
Dominant Deployment Type |
Commercial Vehicle |
Dominant End-Use Industry Type |
Transportation & Logistics |
Region with the highest demand |
Europe |
Key Players |
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 |
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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.
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.
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.
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.
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Some of the major players in the GPS tracking device market are-
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.
GPS Tracking Device Market Research Report - Features |
|
Market Segmentation |
5 |
Regions Covered |
4 |
Countries/Sub-Regions Covered |
17 |
No. of Figures & Tables |
>150 |
Company Profiles |
10 |
The GPS tracking device market is segmented into the following categories.
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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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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].
The GPS tracking device market is expected to witness an impressive growth of 12.1% CAGR in the foreseeable future.
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, and Trackimo LLC are among the key players in the GPS tracking device market.
Europe is expected to be the largest GPS Tracking Device Market during the next five years.
The advanced tracker segment is expected to be the fastest growing segment in the coming years.
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