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GPS Tracking Device Global Market Size, Share, Segments, Technologies, Applications, Verticals, Strategies and Regional Forecast to 2023

GPS Tracking Device Market, By Type (Covert GPS Trackers, Standalone Tracker, Advance Tracker), by Components (GPS Loggers, Personal GPS Trackers, Real-Time GPS Trackers), By End-User (Automotive and aerospace, Healthcare, Transportation, Government and defense) – Global Forecast 2023

The global GPS tracking device market is predicted to touch USD 2.53 billion at an 11.9% CAGR over the forecast period (2017-2023), reveals the new Market Research Future (MRFR) report. A GPS (global positioning system) is basically a navigation device that is carried by a person or a moving car that uses it for tracking the movements of the device and also determining its location. This technology helps to pinpoint latitude, longitude, course direction, and ground speed of the target.

The information recorded can be relayed over a cellular network in real time, or the data can be downloaded from the device manually after the same has been retrieved. GPS tracking devices has a huge range of applications including government, metals and mining, oil and gas, construction, transportation and logistics, and others. The modern technology used in GPS tracking devices will help in converting GPS tracking devices for being placed anywhere with regards to dependability, range, and size and also used for surveillance.

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Various factors are driving the growth of the GPS tracking device market. These factors, in accordance with the Market Research Future (MRFR) report, include high ROI, affordable price, increasing sales of commercial cars, long life of devices, and easy installation. Additional factors driving market demand include increasing use of GPS tracking devices in the transportation industry, the level of accuracy, increasing installation across public transport systems, and advancements in software and technology.

On the contrary, several environmental factors, coupled with the impact of nonstandard GPS tracking products is predicted to hamper the GPS tracking device market growth over the forecast period.

Market Segmentation

The Market Research Future report offers a wide segmental analysis of the GPS tracking device market based on end user, component, and type.

Based on type, the GPS tracking device market is segmented into advance tracker, standalone tracker, convert GPS tracker, and others. Of these, the advance tracker segment is predicted to have the largest share in the market over the forecast period. It is generally installed in commercial cars to offer information that is performance-related concerning cars and offer data about engine diagnosis along with basic functionalities.

Based on component, the GPS tracking device market is segmented into real-time GPS trackers, personal GPS trackers, GPS loggers, and others.

Based on end users, the GPS tracking device market is segmented into education, hospitality, industrial, government and defense, retail, transportation, healthcare, automotive and aerospace, and others. Of these, the transportation sector will dominate the market over the forecast period.

Regional Analysis

Based on the region, the GPS tracking device market report covers growth opportunities and the latest trends across Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. This is owing to increasing use of GPS personal emergency response systems for personal safety. GPS tracking devices are used for monitoring anti-poaching vehicles and tracking their location both for commercial and personal purposes.

The GPS tracking device market in Europe is expected to have positive growth rate over the forecast period owing to safety needs and tracking speed updates and real-time vehicle location.

The GPS tracking device market in the APAC region is predicted to have a favorable growth over the forecast period. China, Japan, as well as South Korea, are the key contributors here.

Key Players

Leading players profiled in the GPS tracking device market report include Concox Information Technology Co. Ltd. (China), Atrack Technology Inc. (Taiwan), Sierra Wireless Inc. (Canada), and Tomtom International Bv (Neitherland), among others. The key market players are using innumerable strategies to boost their footprint in the market such as acquisitions, partnerships, joint ventures, agreements, research and development, market initiatives, clinical trials, new product launches, and others to boost their footprints.

July 2019: BSL and RDCIS have created a GPS-based innovative system to track locomotives. This system will help to improve the rail traffic’s efficiency both outside and inside the plant premises.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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GPS Tracking Device Market 2019 Global Share, Trend, Segmentation and Forecast to 2025

UpMarketResearch report titled Global GPS Tracking Device Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. Our data has been culled out by our team of experts who have curated the report, considering market-relevant information. This report provides latest insights about the market’s drivers, restraints, opportunities, and trends. It also discusses the growth and trends of various segments and the market in various regions.

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GPS Tracking Device Market Report Includes:

  • Market Scenario
  • Growth, Restraints, Trends, and Opportunities
  • Segments by Value and Volume
  • Supply and Demand Status
  • Competitive Analysis
  • Technological Innovations
  • Value Chain and Investment Analysis

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By Product Types:
Satellite
Cellular

The report is further broken down into various segments such as product types, applications, and regions.

By Applications:
Transportation & Logistics
Metals & Mining
Construction

Our analysts drafted the report by gathering information through primary (through surveys and interviews) and secondary (included industry body databases, reputable paid sources, and trade journals) methods of data collection. The report encompasses an exhaustive qualitative and quantitative evaluation.

The study includes growth trends, micro- and macro-economic indicators, and regulations and governmental policies.

By Regions:
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Europe (Germany, the UK, France, and Rest of Europe)
North America (the US, Mexico, and Canada)
Latin America (Brazil and Rest of Latin America)
Middle East & Africa (GCC Countries and Rest of Middle East & Africa)

The GPS Tracking Device Market Report Covers the Following Companies:
Calamp
Sierra Wireless
Orbocomm
Queclink Wireless Solutions
Shenzhen Concox Information Technology
Laird
Tomtom International
Meitrack
Teltonika Uab
Atrack Technology
Trackimo
Geotab

The subject matter experts analyzed various companies to understand the products and/services relevant to the market. The report includes information such as gross revenue, production and consumption, average product price, and market shares of key players. Other factors such as competitive analysis and trends, mergers & acquisitions, and expansion strategies have been included in the report. This will enable the existing competitors and new entrants understand the competitive scenario to plan future strategies.

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The Report Provides:

  • An overview of the market
  • Comprehensive analysis of the market
  • Analyses of recent developments in the market
  • Events in the market scenario in past few years
  • Emerging market segments and regional markets
  • Segmentations up to the second and/or third level
  • Historical, current, and estimated market size in terms of value and volume
  • Competitive analysis, with company overview, products, revenue, and strategies.
  • Impartial assessment of the market
  • Strategic recommendations to help companies increase their market presence

The GPS Tracking Device Market Report Addresses the Following Queries:

  • What is the estimated size of the market by 2026?
  • Which segment accounted or a large share of the market in the past?
  • Which segment is expected to account the largest market share by 2026?
  • Which governing bodies have approved the use of GPS Tracking Device?
  • Which region accounts for a dominant share of the market?
  • Which region is anticipated to create lucrative opportunities in the market?

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UpMarketResearch (https://www.upmarketresearch.com) is a leading distributor of market research report with more than 800+ global clients. As a market research company, we take pride in equipping our clients with insights and data that holds the power to truly make a difference to their business. Our mission is singular and well-defined – we want to help our clients envisage their business environment so that they are able to make informed, strategic and therefore successful decisions for themselves.
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GPS Tracking Device Market Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2019?2025

GPS Tracking Device Market Forecast 2020-2026

The Global GPS Tracking Device Market research report provides and in-depth analysis on industry- and economy-wide database for business management that could potentially offer development and profitability for players in this market. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. It offers critical information pertaining to the current and future growth of the market. It focuses on technologies, volume, and materials in, and in-depth analysis of the market. The study has a section dedicated for profiling key companies in the market along with the market shares they hold.

The report consists of trends that are anticipated to impact the growth of the GPS Tracking Device Market during the forecast period between 2020 and 2026. Evaluation of these trends is included in the report, along with their product innovations.

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The Report Covers the Following Companies:
Calamp
Sierra Wireless
Orbocomm
Queclink Wireless Solutions
Shenzhen Concox Information Technology
Laird
Tomtom International
Meitrack
Teltonika Uab
Atrack Technology
Trackimo
Geotab

By Types:
Satellite
Cellular

By Applications:
Transportation & Logistics
Metals & Mining
Construction

Furthermore, the report includes growth rate of the global market, consumption tables, facts, figures, and statistics of key segments.

By Regions:

  • North America (The US, Canada, and Mexico)
  • Europe (Germany, France, the UK, and Rest of the World)
  • Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
  • Latin America (Brazil and Rest of Latin America.)
  • Middle East & Africa (Saudi Arabia, the UAE, , South Africa, and Rest of Middle East & Africa)

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Years Considered to Estimate the Market Size:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2020-2026

Important Facts about GPS Tracking Device Market Report:

  • This research report encompasses GPS Tracking Device Market overview, market share, demand and supply ratio, supply chain analysis, and import/export details.
  • The report has different approaches and procedures endorsed by Key Market players that enable efficient business decisions.
  • The report offers information such as production value, strategies adopted by market players and products/services they provide.

What Our Report Offers:

  • Market share valuations of the segments on country and global level
  • Share analysis of the major market players
  • Opportunities for new market entrants
  • Market forecast for a minimum of 6 years for all the segments, sub-segments in various countries and regions
  • Market Trends (drivers, restraints, opportunities, threats, challenges, investment opportunities, and approvals)
  • Strategic endorsements in key business segments on the basis of market valuations
  • Competitive scenario mapping the key development patterns.
  • Company profiling with comprehensive strategies, financial details, and recent progressions.
  • Supply chain trends representing the latest technological advancements.

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GPS Tracking Device Market Growth And Status Explored In A New Research By 2027

The global GPS Tracking Device market report by Dataintelo provides a detailed analysis of the area marketplace expanding; competitive landscape; global, regional, and country-level market size; market growth analysis; market share; opportunities analysis; product launches; recent developments; sales analysis; segmentation growth; technological innovations; and value chain optimization. The report offers a comprehensive list of key players, their strategies they adopt to sustain in the market. All of this and more information is covered in XXX pages.

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The Global GPS Tracking Device Market report is a comprehensive analysis of the current and future analysis, which is based on historic data. This provides the reader with quantified data, enabling them to take well informed business decisions. The report has been written using primary and secondary research. It includes predictive analysis, Porter’s 5 force analysis, SWOT analysis, and real-time analytics. Several graphs have been provided to support the data and for a clear understanding of various facts and figures.

The report has been divided into product types, application, end-users, and regions. These segments provide accurate calculations and forecasts for sales in terms of volume and value. This analysis can help customers increase their business and to take calculated decisions.

The Global GPS Tracking Device Market Report has been Segments into:

Global GPS Tracking Device Market Size & Share, By Product Types,

Satellite
Cellular

Global GPS Tracking Device Market Size & Share, By Applications,

Transportation & Logistics
Metals & Mining
Construction

Global GPS Tracking Device Market Size & Share, By Regions and Countries/Sub-regions,

  • Asia Pacific: China, Japan, India, and Rest of Asia Pacific
  • Europe: Germany, the UK, France, and Rest of Europe
  • North America: the US, Mexico, and Canada
  • Latin America: Brazil and Rest of Latin America
  • Middle East & Africa: GCC Countries and Rest of Middle East & Africa

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The regional analysis segment is a highly comprehensive part of the report on the global GPS Tracking Device market. This section offers information on the sales growth in these regions on a country-level GPS Tracking Device market.

The historical and forecast information provided in the report span between 2018 and 2026. The report provides detailed volume analysis and region-wise market size analysis of the market.

The key players covered in this study

Calamp
Sierra Wireless
Orbocomm
Queclink Wireless Solutions
Shenzhen Concox Information Technology
Laird
Tomtom International
Meitrack
Teltonika Uab
Atrack Technology
Trackimo
Geotab …

Competitive Landscape of the GPS Tracking Device Market

The chapter on competitive landscape provides information about key company overview, global presence, sales and revenue generated, market share, prices, and strategies used.

Our analysts engage in extensive primary and secondary research to cull out in-depth and authentic information. Primary research includes gathering information from official government and company websites, journals, and reports. Secondary research includes interviews conducted with VPs, chairmen, directors, and other distinguished sales managers.

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The GPS Tracking Device Market Report Addresses:

  • Market definition
  • Estimated market size (historic and future)
  • Information about individual segments
  • Dominant and fast growing segments
  • Key regions of the market
  • Governing bodies and regulations
  • Drivers, restraints, and opportunities in the market

The Report Provides:

  • Market overview
  • Comprehensive analysis of the market
  • Recent developments in the market
  • Market development over the past few years
  • Emerging segments and regional markets
  • Segmentations up to the second and/or third level
  • Historical, current, and estimated market size, in terms of value and volume
  • Competitive analysis having company overview, products, revenue, and strategies
  • Strategic recommendations that help companies increase their market presence

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DATAINTELO has set its benchmark in the market research industry by providing syndicated and customized research report to the clients. The database of the company is updated on a daily basis to prompt the clients with the latest trends and in-depth analysis of the industry.

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