Global GPS Tracking Devices Industry Expected to Reach $3.8 Billion by 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Added Global GPS Tracking Device Market (2022-2027) by Type, Technology, Industry, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis report ResearchAndMarkets.com Offer.

The global market for GPS tracking devices is estimated at USD 2.14 billion in 2022 and is projected to reach USD 3.82 billion by 2027, growing at a CAGR of 12.3%.

Market dynamics are forces affecting the prices and behavior of players in the global GPS Tracking market. These forces create price signals resulting from the changes in the supply and demand curves for a particular product or service. Market dynamics forces can be related to macroeconomic and microeconomic factors. There are other dynamic market forces than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals.

As market dynamics affect the supply and demand curves, decision makers are trying to figure out the best way to deploy different financial tools to curb different strategies to accelerate growth and reduce risks.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool used to analyze and rank companies’ position based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for the analysis are financial performance over the past 3 years, growth strategies, innovation assessment, new product launches, investments, market share growth, etc.

Ansoff analysis

The report provides detailed Ansoff matrix analysis for the global GPS Tracking Devices Market. The Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to develop strategies for business growth. The matrix can be used to evaluate approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is ​​also used for risk analysis to understand the risk associated with each approach.

The analyst analyzes the global GPS tracking devices market using the Ansoff matrix to identify the best approaches a company can take to improve its market position.

Based on the SWOT analysis performed on the industry and the industry players, the analyst has formed appropriate strategies for the market growth.

Why buy this report?

  • The report offers a comprehensive assessment of the global GPS tracking devices market. The report provides in-depth qualitative analysis, verifiable data from authentic sources and forecasts on the market size. The forecasts are calculated using proven research methods.

  • The report was compiled through extensive primary and secondary research. The primary research is done through interviews, surveys and observations by well-known people in the industry.

  • The report provides in-depth market analysis using Porter’s 5 Forces model and Ansoff matrix. Additionally, the impact of Covid-19 on the market is also covered in the report.

  • The report also includes the regulatory scenario in the industry to help you make an informed decision. The report discusses key regulators and important rules and regulations imposed on this sector in different regions.

  • The report also includes the competitive analysis using Positioning Quadrants, the analyst’s proprietary competitive positioning tool.

market dynamics

driver

  • growth of commercial vehicles

  • Increasing advantages of smaller size, longer life and high ROI and affordable prices

limitations

  • The impact of non-standard products and multiple environmental factors will lead to poor user experience

occasions

  • Use of GPS tracking devices for Utilization Insurance (UBI)

  • further development of the software

challenges

  • Increasing acceptance of hardware-independent tracking solutions

market segmentation

The global GPS tracking devices market is segmented based on type, technology, industry vertical, and geography.

  • By type, the market is segmented into data loggers, data pushers, and data pullers.

  • By technology, the market is segmented into Standalone Tracker, OBD Device and Optical Network Terminal.

  • By industry, the market is segmented into Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, and Others.

  • Geographically, the market is divided into America, Europe, Middle East and Africa, and Asia-Pacific.

companies mentioned

  • Atrack Technology Inc

  • Calamp Corp

  • Concox Information & Technology Co.Ltd (Shenzhen Jimi IoT Co.Ltd)

  • Geotab Inc

  • Meitrack Group

  • Orbcomm Inc

  • Queclink Wireless Solutions Co. Ltd

  • Sierra Wireless Inc

  • Starcom Systems Ltd

  • Trackimo Group

  • Teltonika Uab

For more information about this report, visit https://www.researchandmarkets.com/r/aw8yad

Comments are closed.