GPS tracking market
The GPS tracker market is estimated in the forecast period (2024-2031) on a CAGR of 13.4%.
The GPS tracker market report published by DATAM Intelligence offers detailed insights and analyzes on important market trends, growth opportunities and emerging challenges. Datam Intelligence undertakes to deliver implementable intelligence, and enables companies to make sound decisions and to be one step ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help customers deal with complex market landscapes, promote strategic growth and use new opportunities in a constantly developing global market.
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A GPS tracker is a device that uses the global positioning system (GPS) to determine and record the real-time location of a person, a vehicle or a wealth value. It is often used for navigation, fleet management, personal security and asset tracking.
List of the most important actors on the GPS tracker market:
Tenna, Teltonika, Letstrack Limited, Milsar Technologies SRL, Gofleet Corporation, Sky Patrol, Trackimo, Agnik LLC., Dogness Co., Ltd., Jimi IoT
Industry development:
Between April 2017 and March 2018, 28,600 reports were submitted for a lack of cases under the age of 18, with a significant increase in the reported cases increased by 72% compared to the past ten years. The market is looking for small GPS trackers to improve the safety of children for the demand for Nano -GPS trackers for children with products such as HelloTrack and Spytrack.
Between April 2017 and March 2018, London recorded 28,600 missing persons, where individuals under the age of 18 have been strengthened by 72% compared to the past decades. This increase has controlled the demand for nano-GPS trackers to improve child safety with compact solutions such as Hellorack and spytrack, which enable parents to monitor the real-time and movements of their children.
Growth forecast projected:
The global GPS tracker market is expected to increase significantly in the forecast period between 2024 and 2031. The market will grow steadily in 2023, and with the increasing assumption of strategies of the most important actors, the market is expected to increase via the projected horizon.
Research process:
Both primary and secondary data sources were used in the global market research report for GPS tracker market. During the research process, a broad spectrum of industry appropriation factors is examined, including state regulations, market conditions, competitive levels, historical data, market situation, technological advances, upcoming developments, in related companies as well as market volatility, potential obstacles and challenges.
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Segment in the GPS tracker market:
According to applications: commercial vehicles, two wheeler, tricycles, watches, pet collar, others
According to type: portable tracker, firmly wired, battery-operated plug-in
After an application: vehicle tracker, asset tracker, personal tracker, mobile phone tracker
Of end users: government, transport, construction, oil and gas, mining and metals, others
Regional analysis for GPS tracker market:
The regional analysis of the GPS tracker market includes important regions such as North America, Europe, the Pacific Middle East and Africa and South America in the Asian -Pacific area. North America with a focus on the USA, Canada and Mexico; Europe that highlights large countries such as Great Britain, Germany, France and Italy as well as other nations in the region; Asia-Pacific, including India, China, Japan, South Korea and Australia; South America with a focus on Colombia, Brazil and Argentina; And the Middle East & Africa, to which Saudi Arabia belong to VAE, South Africa and other countries. This comprehensive regional breakdown helps to identify unique market trends and growth opportunities that are specific for every area.
⇥ North America (USA, Canada, Mexico)
⇥ Europe (Great Britain, Italy, Germany, Russia, France, Spain, the Netherlands and the rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asian-Pacific space)
⇥ South America (Colombia, Brazil, Argentina, rest of South America)
⇥ near the east & Africa (Saudi -Arabia, Vae, South Africa, rest of the Middle East and Africa)
Advantages of the report:
➡ A descriptive analysis of the demand supply gap, the market size estimate, the SWOT analysis, the plague analysis and the forecast on the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porters five-forces model offers a detailed analysis of buyers and suppliers, threats from new participants and substitutes and competition among the most important market participants.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this market
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People also ask:
➠ What is global sales, production, consumption, import and export value of the GPS tracker market?
➠ Who are the leading manufacturers in the global GPS tracker industry? What is your operating status in terms of capacity, production, sales, pricing, costs, gross margin and sales?
➠ What options and challenges do providers of the global GPS tracker industry face?
➠ Which applications, end users or product types are expected to be growing? What is the market share for every type and every application?
➠ What are the key factors and restrictions that affect the growth of the GPS tracker market?
➠ What are the various sales, marketing and sales channels in the global industry?
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