Global GPS Tracking Devices Industry Expected to Reach $2.9 Billion by 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Added GPS Tracking Devices Market: Trends, Opportunities and Competitive Analysis report ResearchAndMarkets.com Offer.

The future of the GPS tracking device market looks promising with opportunities in the transportation and logistics, construction, oil and gas, and metals and mining industries.

The market for GPS tracking devices is estimated to reach $2.9 billion by 2027, with a CAGR of 8% from 2021 to 2027. The main drivers for this market are the growth in the transportation and logistics industry and the affordable price of GPS tracking devices.

Emerging trends directly impacting the dynamics of the GPS tracking device industry include the development of human-centric GPS tracking and monitoring devices and an increased emphasis on tracking farm animal welfare.

This 190-page report contains a total of 88 figures/graphs and 79 tables to help you in your business decisions. To know the scope of benefits, companies researched and other details of the GPS Tracking Devices market report, you should read this report.

In this market, transportation and logistics is the largest end-use industry, while commercial vehicles are the largest market by application.

The study includes trends and forecasts for the global GPS tracking device market by device type, deployment type, end-use industry and region as follows:

By end user industry [Value ($M) and Volume (Million Units) shipment analysis from 2016 to 2027]:

  • transportation and logistics

  • construction

  • oil and gas

  • metal and mining

  • government

  • Other

By device type [Value ($M) and Volume (Million Units) shipment analysis from 2016 to 2027]:

  • Standalone trackers

  • OBD devices

  • Advanced trackers

After deployment [Value ($M) and Volume (Million Units) shipment analysis from 2016 to 2027]:

  • commercial vehicles

  • cargo and containers

  • Other

By region [Value ($M) and Volume (Million Units) shipment analysis for 2016-2027]:

  • North America

  • United States

  • Canada

  • Mexico

  • Europe

  • United Kingdom

  • Germany

  • Italy

  • Asia Pacific

  • Japan

  • China

  • India

  • The rest of the world

companies mentioned

  • CalAmp Corp.

  • Orbcomm Inc.

  • SierraWireless

  • ATrack Technology Inc.

  • Geotab

  • Concox information technology

  • persecution

  • Meitrack Group

  • Ruptela UAB

  • GeoForce Inc.

  • Shenzhen Coban Electronics Co.,Ltd.

  • Xirgo Technologies

  • Wireless Maestro solutions

  • teltonics

The analyst predicts that GPS tracking devices for the commercial vehicle market will remain the largest segment and is also expected to experience the highest growth over the forecast period due to the growth in commercial vehicle production and increasing use of GPS tracking devices in the transportation and logistics industry.

In the GPS tracking devices market, transportation and logistics will remain the largest end-user industry due to the increasing adoption of GPS tracking in the transportation and logistics sector for real-time fleet management and the affordable price of GPS tracking devices.

North America will remain the largest region due to increasing adoption of intelligent transportation systems. APAC is expected to register the highest growth over the forecast period, supported by rising vehicle production and increased trading activity.

Characteristics of the Global GPS Tracking Devices Market

  • Market Size Estimates: Estimate the global market size for GPS tracking devices in terms of value (US$ million) and shipment volume (million units).

  • Trend and Forecast Analysis: Market Trends (2016-2021) and Forecasts (2022-2027) by different segments and regions.

  • Segmentation Analysis: Global GPS Tracking Devices Market Size by various Segments such as: B. Consumer Industry, Device Type, and Deployment Type.

  • Regional Analysis: Global GPS Tracking Devices Market Breakdown into North America, Europe, Asia Pacific and Rest of the World.

  • Growth Opportunities: Analysis of growth opportunities in various end-use industries, device types, deployment types, and regions for the GPS Tracking Devices market.

  • Strategic Analysis: This includes mergers and acquisitions, new product development, and the competitive landscape for the GPS Tracking Devices market.

  • Analysis of the intensity of competition in the industry based on Porter’s five forces model.

This report answers the following 11 key questions

Q.1 What are some of the most promising and high-growth opportunities for the global GPS tracking devices market by end-use industry (transportation and logistics, construction, oil and gas, metals and mining, government and others), device type (standalone trackers, OBD devices and advanced trackers), deployment type (commercial, freight and container, and others), and region (North America, Europe, Asia Pacific, and the rest of the world)?

Q.2 Which segments will grow faster and why?

Q.3 Which regions will grow faster and why?

Q.4 What are the key factors affecting market dynamics? What are the market drivers and challenges?

Q.5 What are the business risks and threats for the GPS tracking device market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are some changing demands from customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competing products and processes in this market and what is the threat of losing market share through product substitution?

Q.11 What M&A activities took place in the GPS tracking devices market in the last five years?

For more information about this report, visit https://www.researchandmarkets.com/r/pgl6p8

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