NEW YORK, July 4, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “GPS Tracking Devices Market in Europe Segmented By Technology, By Network, By Product Type, By Type, By End-User, By Region, Competition, opportunity and prognosis. 2018-2028F” – https://www.reportlinker.com/p06471060/?utm_source=GNW
2018-2028F
The Europe GPS tracking device market is expected to flourish during the forecast period 2024-2028 owing to increased sales of commercial vehicles, low cost, good return on investment and widespread use of technology. Additionally, increasing demand for better security systems and resources management is fueling the growth of the market.
In addition, the increasing demand for IoT and cloud technology, the increasing use of digital maps and the rapid development and updating of the software used in GPS trackers are expected to bring numerous growth opportunities to the Europe GPS trackers market.
Global Positioning System (GPS) is a global navigation system that can locate specific locations. A GPS tracking device is linked to the Global Navigation Satellite System (GNSS) to collect information about position and orientation.
GPS trackers work by transmitting radio signals and establishing satellite links to locate a person or object using geographic positioning. A GPS locator quickly downloads the information and pings these satellites once installed.
The satellites use latitude and longitude to determine the exact location and estimated distance of a specific point. Both individually and professionally, GPS tracking is used both individually and professionally.
GPS allows anyone to track their vehicle or pet, and businesses can use GPS tracking to protect their assets.
Growing demand for cloud and IoT technologies
The GPS tracker offers a wide range of applications with its unique feature developed using cutting-edge technologies such as IoT and cloud computing. GPS trackers have built-in electronics and internet connectivity, making them smart objects and devices that can connect to the cloud, be remotely controllable, and interact with each other.
Consequently, the growing interest in IoT and cloud technology is driving the expansion of the GPS tracking market.
Increasing sales of commercial vehicles
The market is growing due to the high durability of GPS devices and the increasing use of GPS tracking systems in commercial vehicles. Due to the expansion of the retail sector, GPS tracking devices identify vehicles that use GPS for accurate location determination.
This increases the need for tracking to ensure worker safety and productivity. Therefore, GPS technology is widely used in business vehicles, which makes the GPS tracking system market grow along with the increase in commercial vehicle sales.
In addition, the increasing penetration of the e-commerce sector is expected to increase the demand for GPS tracking systems in light commercial vehicles.
Increased use of digital maps
The digital card industry is experiencing disruptive growth due to the increasing number of internet customers and the increasing use of smartphones and other portable devices to access the internet. As a result, the market for GPS tracking devices is growing due to the proliferation of digital maps.
Digital map systems are typically integrated into self-driving cars for navigation and route planning. The main reasons behind the growth of the GPS tracking market include new digital map trends such as 3D maps and the ease of understanding and pinpointing a location.
Real-time tracking, time efficiency and precision are made possible by GPS devices, which increases their marketability. They are small, easy to use, and good for tracking objects or people.
The Prime AT 2G GPS tracker, used for various applications such as vehicle tracking or asset tracking, with the ability to track live for a few seconds when moving but turn off when the tracker stops, was developed by BlueTrack, a manufacturer of GPS tracking, devices introduced in 2022.
market segmentation
The GPS tracking devices market is segmented into technology, network, product type, type and end-user. Based on technology, the market is segmented into standalone trackers, converted trackers, and advanced trackers.
Based on network, the market is segmented into 3G and 4G. Based on the product type, the market is segmented into data loggers, data pushers and data pullers.
According to the type, it is classified into portable and mounted data loggers, data pushers and data pullers. Based on end-user, the market is segmented into Automotive, Aerospace & Defense, Healthcare, and Others.
market participants
Major players in the European GPS tracking device market are Verizon Wireless, Concox Information Technology Co. Ltd., Calamp Corp., Orbocomm Inc., Sierra Wireless Inc., Atrack Technology Inc., Tomtom International, Spy Tech Inc. and Queclink Wireless Solutions Co. Ltd., Laipac Technology Inc.
The latest development
• In December 2020, Quicklink introduced its latest asset tracker, GL52S. It is specifically designed for tracking management applications such as stationary asset monitoring, inventory control and stolen vehicle recovery.
• In December 2020, the first Bluetooth vehicle GPS tracker, Meitrack’s T399 series, was launched. To increase the effectiveness of fleet management, Bluetooth beacons working with Bluetooth temperature and humidity sensors are also supported.
Report scope:
In this report, the Europe GPS Tracking Devices Market has been segmented into following categories in addition to Industry Trends which are also detailed below:
• Europe market for GPS tracking devices, by technology:
o Standalone trackers
o Convert trackers
o Advance Trackers
• Europe market for GPS tracking devices, by network:
or 3G
or 4G
• Europe market for GPS tracking devices, by product type:
o Handheld
o mounted
• Europe GPS Tracking Devices Market, by Type:
o Data logger
o Data Slider
o Data puller
• Europe GPS Tracking Devices Market, by End User:
o automobile
o Aerospace and Defense
o Healthcare
o others
• Europe market for GPS tracking devices, by country:
Oh Germany
o United Kingdom
Oh Italy
Oh France
Oh Spain
O Netherlands
Oh Poland
Russia
competitive landscape
Company Profiles: Detailed analysis of the main companies in the European GPS tracking device market.
Available customizations:
With the GPS Tracking Devices Market Report for Europe with given market data, Tech Sci Research offers customization according to a company’s specific needs. The following customization options are available for the report:
company information
• Detailed analysis and profiling of other market participants (up to five).
Read the full report: https://www.reportlinker.com/p06471060/?utm_source=GNW
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