Press release
GPS Tracking Device Market is expected to reach USD 4.43 Bn. by 2029, growing at a CAGR of 11.8percent during the forecast period. (2023-2029)
GPS Tracking Device Market
GPS Tracking Device Market Report Scope and Research Methodology
The report provides an in-depth analysis of the global GPS tracking device market, covering drivers, restraints, opportunities, and challenges. The report also includes market segmentation based on type and deployment type, along with regional insights.
The research methodology included primary and secondary research, with interviews conducted with key industry players. The report also includes an analysis of the impact of COVID-19 on the market
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What are GPS Tracking Device Market Dynamics?
The increasing number of commercial vehicles, accuracy of GPS devices in ascertaining the position of mobile objects, and the adoption of GPS technology for monitoring and keeping track of vehicles are major drivers for the growth of the GPS tracking device market. The decreasing cost of these devices over time is also expected to increase their adoption in non-commercial applications.
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The occurrence of obstacles and extreme weather conditions that can affect the accuracy of GPS, such as geomagnetic storms, are some of the challenges that the industry is working to provide solutions for. Poor GPS tracking device quality, including low-performance GPS receiver antenna and poor position algorithm, may also hinder the performance of GPS tracking devices.
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Europe held the largest share in terms of revenue, followed by North America. The Asia Pacific market is expected to register the fastest growth in terms of revenue in the future, driven by developing markets such as China, South Korea, and Japan.
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What is the GPS Tracking Device Market Segmentation?
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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Who are the GPS Tracking Device Key Players?
• 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
Table of content for the GPS Tracking Device Market includes:
Global GPS Tracking Device Market: Research Methodology
Global GPS Tracking Device Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global GPS Tracking Device Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global GPS Tracking Device Market Segmentation
Global Market, by GPS Tracking Device Type (2021-2029)
Global Market, by Type (2021-2029)
Global Market, by Deployment Type (2021-2029)
Global Market, by Industry (2021-2029)
Regional Global GPS Tracking Device Market (2021-2029)
Regional Market, by GPS Tracking Device (2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by Deployment Type (2021-2029)
Regional Market, by Industry (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product GPS Tracking Device, Type, Deployment Type and Industry
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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