New Market Study Report “GPS Tracking Device Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” Wiseguyreports.Com adds To Its Research Database.
— GPS Tracking Device Market 2019-2025
New Study Reports "GPS Tracking Device Market 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2025".
This report provides in depth study of “GPS Tracking Device Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The GPS Tracking Device Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Global GPS Tracking Device Market Worth USD 3.7 Billion in 2025
The GPS Tracking Devices is generally carried by a moving person / vehicle that is used to govern and track its current location. The key growth driver of the market is IoT and cloud technology. GPS tracker allows a hidden GPS tracking device to be placed anywhere in terms of range, dependability and size, and its primarily being used for surveillance. The global GPS Tracking Device market is poised to grow at USD$ ~2.53 Billion by 2023, at a CAGR of ~11.9% between 2017 and 2023.
There are two primarily types of GPS Tracking Devices: standalone and advance. The utility of GPS devices are predominantly found in business, individual, government, and transportation to showcase its real time information in term of the National Safety. GPS Tracking Device market is growing enormously in various industries including IT and Telecommunication, transportations that provides the real time information about the vehicles, products and individual. These device increases the safety and security of businesses and consumers.
In North America, GPS devices are primarily used to track locations (for commercial and personal purposes), also to monitor anti-thieving patrols. Europe region will continue to show a positive growth due to safety / security purposes and also to get a real-time vehicle location updates, vehicle speeds, and instant notifications for irresponsible, unethical drivers’ behaviours. In Asia-Pacific, South Korea, China and Japan is an emerging market and has untapped potential for growth of GPS tracking device.
Important Key Players Analysis: Calamp, Sierra Wireless, Orbocomm, Queclink Wireless Solutions, Shenzhen Concox Information Technology, Laird, Tomtom International, Meitrack, Teltonika Uab, Atrack Technology, Trackimo, Geotab and more.
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The global GPS Tracking Device market has been segmented based on type, components, end -users. By type, the market is split into Standalone Tracker, Advance Tracker, Hidden / Covert Tracker and Others. By components, the market is split into GPS Loggers, Real Time GPS Trackers, Personal GPS Trackers and Others. By end-users, the market is split into Retail, Government & Défense, Automotive and Aerospace, Healthcare, Transportation, Industrial, Hospitality, Education and Others. The transportation & logistic industry will hold the largest share of the market. Advance tracker (used in cargo, container and vehicle) will grow at the highest CAGR during the forecast period.
By region, the GPS Tracking Device market is divided into North America (United States, Canada, Mexico), Europe (Germany, France, UK, Italy, Russia, Spain), Asia Pacific (China, Japan, Southeast Asia, India). North America will continue to lead the market due to the growing demand of OBD (On-board diagnostic port) devices whereas APAC will be the fastest growing market due to the growing number of manufacturing facilities, ageing infrastructure, and asset’s safety and security. Europe market is a mature one and it will continue to sustain during the forecast period. Rest of the World will follow after North America, Europe and Asia Pacific.
By 2023, the GPS Tracking Device market will cover 75 million shipments by 2023 and is expected to increase in revenue term at CAGR of 12.91% between 2017- 2023. The growth of this market is driven by many criteria such as many government mandates e.g. electronic logging device (ELD), affordable price, high ROI, increasing commercial vehicle sales, and vehicle theft protection.
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Some Key Points from Table of Content:
1 Industry Overview of GPS Tracking Device
2 Manufacturing Cost Structure Analysis
8 GPS Tracking Device Major Manufacturers Analysis
8.1.1 Calamp GPS Tracking Device Production Sites and Area Served
8.1.2 Calamp Product Introduction, Application and Specification
8.1.3 Calamp GPS Tracking Device Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.1.4 Main Business and Markets Served
8.2 Sierra Wireless
8.2.1 Sierra Wireless GPS Tracking Device Production Sites and Area Served
8.2.2 Sierra Wireless Product Introduction, Application and Specification
8.2.3 Sierra Wireless GPS Tracking Device Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.2.4 Main Business and Markets Served
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