The GPS Tracking Device Market is expected to grow at a CAGR of 11.8% during the forecast period and market is expected to reach US$ 4.43 Bn. by 2029.
GPS Tracking Device Market Overview:
This GPS Tracking Device Market study looks at current and emerging industry trends and dynamics in the global GPS Tracking Device Market. Porous Silicon Substrates Extensive Market forecasting for the major Market segments is carried out between 2021 and 2027. Extensive GPS Tracking Device Market analysis is carried out by closely monitoring key product positions and the main competitors in the Market framework. To understand the competitive landscape of the worldwide GPS Tracking Device Market, key players are profiled and their strategies are thoroughly evaluated.
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Market Scope:
The analysis contains a current examination of the present GPS Tracking Device Market landscape, as well as the most recent trends and drivers, as well as an overview of the entire GPS Tracking Device Market environment. Increased demand for Porous Silicon Substrates is driving the Market. The Market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
GPS Tracking Device Market Dynamics:
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Segmentation:
According to Type, the advance tracker market revenue share is anticipated to dominate the projection year. Because it provides information about engine performance, profitable advance trackers are becoming more common in cars.
The market for GPS tracking devices is expanding as a result of an increase in the number of commercial vehicles and the accuracy of these devices in determining the location of moving items. Additionally, the use of GPS technology to track and monitor these cars is growing since it provides better customer service, is compact, and has a longer lifespan. Additionally, the worldwide GPS tracking device market is anticipated to rise throughout the projected period due to the use of GPS tracking devices for security and surveillance applications. The report's research of important competitors by region has been covered, providing readers with a detailed insight of the industry at a micro level.
by GPS Tracking Device
• Cellular
• Satellite
by Type
• Standalone Tracker
• OBD Device
• Advance Tracker
by Deployment Type
•Commercial Vehicle
• Cargo & Container
• Others
by Industry
•Transportation & Logistics
• Construction
• Oil & Gas
• Metals & Mining
• Government
• Others
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Keyplayers:
The Market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide Market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the Market’s major influencing factors, as well as complete company profiles of
• Laird PLC
• Calamp Corp
• Teltonika UAB
• Concox Wireless Solutions Co., Ltd.
• TomTom International BV
• Sierra Wireless Inc.
• Geotab Inc.
• Meitrack Group
• ATrack Technology Inc.
• Orbocomm Inc, Ltd.
• Trackimo LLC
• Queclink Wireless Solutions Co., Ltd.
• Meiligao GroupTELTONIKA
• Spy Tec International
• Rekvizitai.lt Lithuania
• Lantronix, Inc
• Xirgo Technologies.
• GPS Insight
• ClearPathGPS, Inc
Regional Analysis:
Individual Market influencing variables and changes in Market laws that impact present and future Market trends are also included in the regional segment of the Market study. Data points such as downstream and upstream value chain analysis, technology trends, Porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate Market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on GPS Tracking Device Market:
The COVID-19 epidemic has had a significant impact on the global Porous Silicon Substrates industry. Porous Silicon Substrates Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Market to decelerate in 2020. The negative impact of COVID-19 on the Market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2021, owing to increased demand for Porous Silicon Substrates.
Key Questions Answered in the GPS Tracking Device Market Report are:
- Which segment was responsible for the largest share of the GPS Tracking Device Market?
- How was the competitive scenario of the Market in 2020?
- Which are the key factors responsible for the Market growth?
- Which region held the maximum share of the GPS Tracking Device Market in 2020?
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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.
