DUBLIN, 5th August 2020 / PRNewswire / – GPS Tracking Devices – Global Market Trajectory & Analytics report has been added to ResearchAndMarkets.com.
The publisher brings years of research experience to the 7th edition of this report. The 170-page report offers precise insights into the impact of the pandemic on production and the buy side for 2020 and 2021. A short-term gradual recovery by key areas is also addressed.
Reaching Global GPS Tracking Devices Market $ 3.9 billion by 2027
In the midst of the COVID-19 crisis, the global market for GPS tracking devices is estimated at $ 1.7 billion in 2020 a revised size of should be achieved $ 3.9 billion by 2027 with a CAGR of 12.1% in the analysis period 2020-2027.
For Standalone Tracker, one of the segments analyzed in the report, a CAGR of 11.2% and a reach is forecast $ 1.4 billion until the end of the analysis period. Following an early analysis of the business impact of the pandemic and its triggered economic crisis, growth in the OBD device segment will be adjusted to a revised CAGR of 12.4% for the next 7 year period.
The US market is estimated at $ 511.9 millionWhile China is forecasting growth of 11.7% CAGR
The market for GPS tracking devices in the US is estimated at $ 511.9 million in 2020. ChinaThe world’s second largest economy is expected to reach a forecast market size of $ 680.1 million By 2027, the CAGR in the analysis period 2020 to 2027 was 11.7%. Other notable geographic markets include Japan and CanadaA growth of 10.7% and 10.4% is forecast for the period 2020-2027. Within Europe, Germany is expected to grow by approximately 8.9% CAGR.
Advance Tracker segment records 13.2% CAGR
In the global advance tracker segment United States of America, Canada, Japan, China and Europe will increase the estimated CAGR for this segment by 13%. These regional markets have a combined market size of $ 374.9 million in 2020 will reach a projected size of $ 884.4 million until the end of the analysis period. China will be among the fastest growing in this cluster of regional markets. Led by countries like Australia, India, and South Korea, the market in Asia Pacific is expected to achieve $ 460.5 million by 2027.
The competitors identified in this market include:
- Atrack Technology Inc.
- CalAmp Corporation
- Geotab, Inc.
- Laird PLC
- Maestro Wireless Solutions Ltd.
- Meitrack Group
- Orbocomm Inc.
- Queclink Wireless Solutions Co., Ltd.
- Ruptela, UAB
- Shenzhen Coban Electronics Co., Ltd.
- Shenzhen Concox Information Technology Co., Ltd.
- Sierra Wireless, Inc.
- Teltonika UAB
- TomTom International BV
- Trackimo LLC.
- Xirgo Technologies
Main topics covered:
I. INTRODUCTION, METHODOLOGY AND REPORTING AREA
1. MARKET OVERVIEW
- Market shares of global competitors
- Market share scenario of the competitor for GPS tracking devices worldwide (in%): 2019 and 2025
- Effects of COVID-19 and an impending global recession
2. FOCUS ON SELECTED PLAYERS
3. MARKET TRENDS & DRIVERS
4. PERSPECTIVE OF THE GLOBAL MARKET
III. MARKET ANALYSIS
Profiled companies in total: 38
Please visit https://www.researchandmarkets.com/r/r9brv for more information on this report
Research and Markets also offers custom research services that provide focused, comprehensive, and tailored research.
Research and Markets
Laura Wood, Senior manager
For EST office hours, call + 1-917-300-0470
For US / CAN, call toll-free at 800-526-8630
For GMT office hours, call + 353-1-416-8900
US Fax: 646-607-1907
Fax (outside the US): + 353-1-481-1716
SOURCE RESEARCH and Markets