12.11% CAGR Forecast: Expect Strong Growth in GPS Tracking Devices Market by Leading Players – Calamp Corporation, Sierra Wireless, Inc., Orbocomm Inc.

Global GPS tracking devices Market Research Report 2023-2029 contains most of the upcoming industry information on the market situation and future prospects. This report offers you an analysis of the GPS tracking devices market Size, share, future growth and cost structure, statistical and comprehensive data of the global market. The report is beneficial for strategists and industry players to plan their future business strategies. This is an in-depth market report that contains everything you need to know about the GPS Tracking Devices market. It contains the market news and updates about the current market situation, historical data, current market trendsand this factor is valuable and supportive for the business.

The GPS tracking device market is projected to grow from US$1.3 billion in 2016 to US$2.9 billion in 2023 at a CAGR of 12.11% over the forecast period.

With tables and figures to help analyze the world global GPS Tracking Devices market forecast, it provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

For more information on this report, download the sample report

Most prominent players mentioned in this report:

This report also introduces the industry players from the point of view of market share, concentration ratio, etc. and describes the leading companies in detail, which allows the readers to get a better picture of their competitors and gain a deeper understanding of the competitive situation. Key companies included in this study include: Calamp Corporation, Sierra Wireless, Inc., Orbocomm Inc., Geotab Inc, Trackimo LLC, Xirgo Technologies, Inc, Laipac Technology, Verizon Wireless, Tomtom International Bv, Spark Nano and other.

Recent developments in the GPS tracking device market

  • In March 2017, Orbocomm partnered with Weatherdock (Germany) and Pole Star Space Applications Limited (London) to develop a Class B ship tracking solution. This solution is tamper-proof hardware that can be attached to small watercraft such as pleasure boats and fishing vessels to always track their position.
  • In April 2017, Sierra Wireless, Inc. acquired the embedded GNSS module business of GlobalTop Technology (Taiwan). As part of this acquisition, GlobalTop’s embedded GNSS modules will become part of the Sierra Wireless OEM Solution products.
  • In March 2017, Calamp launched the LMU-2640 and LMU-200, the two telematics devices with highly sensitive GPS receiving antenna. With these product launches, the company is addressing the growing demand for GPS tracking devices from Europe and Latin America.

Global GPS Tracking Devices Market Segment By Type:

market segment by type:

Standalone tracker

OBD device

Advanced tracker

market segment after application:

track cars

track asset

track people

Regional insight:

The Middle East and Africa (Turkey, GCC countries, Egypt, South Africa)

North America (USA, Mexico and Canada)

South America (Brazil etc.)

Europe (Germany, Russia, Great Britain, Italy, France etc.)

Asia Pacific (China, Japan, Philippines, Korea, India, Indonesia and Australia)

Europe is projected to account for the largest market size during the forecast period

The European market for GPS tracking devices is mature and is expected to maintain its position in the coming years. As a hub of automotive manufacturing, various companies such as Teltonika UAB (Lithuania), Ruptela UAB (Lithuania), Neomatica LLC (Russia) and Box Telematics Ltd. (United Kingdom) offers GPS tracking devices to this market. In addition, various events and conferences related to GPS tracking devices are driving the growth of the European market. APAC is projected to be the fastest growing market in the overall GPS tracking devices market during the forecast period. The key driving factors behind the growth of the APAC market are an increased number of manufacturing facilities, aging infrastructure and asset security.

This report aims to provide:

– A qualitative and quantitative analysis of the current trends, dynamics and assessments from 2023 to 2029.

– Analysis tools such as SWOT analysis and Porter’s Five Forces Analysis are used, which explain the ability of buyers and suppliers to make profit-oriented decisions and strengthen their business.

– The in-depth market segmentation analysis helps to identify the prevailing market opportunities.

– Ultimately, this GPS tracker review will help you save time and money by providing unbiased information under one roof.

Key question answered in this report

  1. What will be the market size in 2029 and what will be the growth rate?
  2. What are the main market trends?
  3. What drives this market?
  4. What are the challenges for market growth?
  5. Who are the key vendors in this market segment?
  6. What market opportunities and threats are the key vendors facing?
  7. What are the strengths and weaknesses of the main providers?

Table of Contents: GPS Tracking Devices Market

Part 1: Overview of GPS Tracking Devices Market

Part 2: Global GPS Tracking Devices Market Status and Forecast by Regions

Part 3: Global Market Status and Forecast by Types

Part 4: Global Market Status and Forecast by Downstream Industry

Part 5: Analysis of Market Driving Factors

Part 6: Market competition status by major manufacturers

Part 7: Major Manufacturers Introduction and Market Data

Part 8: Upstream and Downstream Market Analysis

Part 9: Cost and Gross Margin Analysis

Part 10: Marketing Status Analysis

Part 11: Conclusion of the Market Report

Part 12: GPS Locators: Research Methodology and Reference

Finally, GPS Tracking Devices Market report is the believable source to get the market research that will exponentially accelerate your business.

*If you require specific information not currently included in the scope of the report, we will provide it as part of the customization.

Available customization:

We are glad that you are reading the article in full. If you are interested in learning more about the GPS tracking device market and looking for customization options, contact us. To get a full market coverage of GPS tracking devices or to learn more about opportunities, contact our research analyst. Our team is available 24/7 to assist and assist our clients with reliable research.

About us:

Market Intelligence Data is a global pioneer in the research industry, providing clients with contextual and data-driven research services. Clients are supported by the organization to create business plans and achieve long-term success in their respective markets. The industry provides consulting services, market intelligence data research studies and custom research reports.

Contact us: Irfan Tamboli (Sales Manager) – MARKET INTELLIGENCE DATA

Telephone: +1 (704) 266-3234

Mail to: [email protected]

This press release has been written with the intention of providing accurate market information to enable our readers to make informed strategic investment decisions. If you notice a problem with this content, please feel free to contact us at [email protected]

Comments are closed.