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Global GPS Tracking Device Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
A global positioning system (GPS) tracking system is a portable device that allows users to track and monitor its location. These devices are most commonly employed in vehicle tracking systems. There are only a few differences between tracking systems and in-car navigation systems. GPS navigation systems show drivers their location on a computer map and then provide driving instructions to get them to a specific destination. GPS trackers, on the other hand, use GPS technology to track a vehicle's present location and trip history. The GPS information is subsequently transmitted to a smart phone, computer, or tablet.
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Europe is projected to have the highest CAGR over the forecast period. GPS tracking assists in maintaining asset control and tracking their location. The region's GPS tracking market is growing as commercial vehicle sales rise and tracking gadgets become more inexpensive. Germany, the region's country, is one of the world's major economies; thus, an increase in people's greater income for expenditure on extra gadgets and pricey technologies and their protection is predicted to boost the expansion of Germany's GPS tracking device market. Additionally, prominent companies in the GPS tracking device market are looking to acquire local players in order to extend their geographical presence and capabilities.
Some of the key players profiled in the GPS (Global Positioning System) Tracking Device Market include ATrack Technology Inc., Box Telematics, Calamp Corp, Concox Information & Technology Co., Ltd, Innolux Corp, Meitrack Group, Qualcomm Technologies, Inc, Queclink Wireless Solutions Co., Ltd, Shenzhen Concox Information Technology Co. Ltd, Sierra Wireless, Spy Tech, Inc, Starcom Systems Ltd, Tomtom International Bv, Trackimo Group And Verizon Wireless.
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