Global GPS Tracking Devices Market Report 2023: Increasing

DUBLIN, April 26, 2023 (GLOBE NEWSWIRE) — The Global GPS Tracking Devices Market Size, Share & Industry Trends Analysis Report by Type, Deployment, Industry, Regional Outlook and Forecast 2022-2028 report has been added Offer.

The global GPS tracking devices market size is expected to reach US$5.5 billion by 2028, representing a CAGR 12.3% market growth over the forecast period.

As it evolves, more and more fleets are using it to track their vehicles and get directions anywhere in the world. In order to monitor its real-time information about people, things and vehicles, the entire market has increased requirements in the fields of transportation, IT and telecommunications. The online GPS tracker helps increase the security of consumers and businesses.

Digital maps are proliferating at a rapid rate due to increasing internet usage on smartphones and other portable devices. GPS tracking devices are in high demand due to the increasing use of digital maps. In addition, most autonomous vehicles use digital map systems for route planning and navigation. Some of the key growth catalysts for the GPS tracking devices market include recent developments in digital maps, such as: B. 3D maps and how easy it is to understand and find a position.

The market is expected to grow due to hardware and software advances in GPS tracking devices. Software, distance calculations, and other techniques may be used to enable technological improvements such as real-time tracking and related information retrieval. The market is growing due to major software updates and improvements in device usability and effectiveness.

market growth factors

Increasing global demand for commercial vehicles

GPS tracking systems can find cars that use GPS to pinpoint their precise location. This makes monitoring all the more important for safety and effective functioning. For this reason, many commercial vehicles are equipped with GPS devices. Therefore, commercial vehicle sales are increasing, which supports the GPS tracking device industry. In addition, the growing influence of the e-commerce sector is expected to increase the demand for tracking systems in light and medium commercial vehicles. Hence, all these factors will favor the growth of the market throughout the forecast period.

The leading market participants compete with a wide range of innovative offers for competitiveness on the market. The figure shows the percentage of sales shared by some of the leading companies in the market. The leading market players adopt different strategies to meet the demand from the various industries. The main development strategies in the market are acquisitions, as well as partnerships and collaborations.

Increasing use of GPS based positioning and monitoring in various marine applications

GPS data is increasingly used by seafarers and oceanographers for buoy placement and underwater surveys. Effective management of seaport facilities is enhanced through the integration of geographic information software (GIS) and GPS technology. With intelligent boating technology and an integrated GPS tracking system coupled with international LTE cellular connectivity, many industry participants have adopted next-generation connected boating devices. It can be assumed that these technological developments will drive the market forward in the coming years.

Market Limiting Factors
Poor user experience due to using non-standard products and environmental factors

Environmental factors such as tall buildings, dense vegetation, cloud cover, rain, and dense foliage can weaken the GPS signal. This occasionally delays findings or follow-ups. In many devices or systems, a clean line of sight (LoS) between the satellite and the receiver is required for the GPS tracking unit to function properly. Alternatively, the signal may suffer. Poor consumer experience as well as poor quality are also the result of the cheap and inferior quality GPS tracking devices that many vendors and manufacturers sell to gain a competitive advantage. The market for GPS tracking devices is limited by these limitations.

Enter Outlook

Based on the type, the GPS tracking devices market is segmented into standalone trackers, OBD devices and advance trackers. On-board diagnostics segment accounted for a significant revenue share of GPS tracking devices market in 2021. Many functionalities are available with on-board diagnostic trackers (OBD). It is better suited for monitoring vehicles and is easier to set up and use. The tracker continuously monitors the vehicle once installed. Internet access enables sporadic monitoring of vehicle activities. The OBD GPS tracker device can save the recorded location data and download it to any internet connected device.

Deployment Outlook

Based on application, the GPS tracking devices market is segmented into commercial vehicles and cargo and containers. The commercial vehicle segment accounted for the largest revenue share of the GPS tracking devices market in 2021. The segment is growing as commercial GPS tracking is quite convenient for businesses using cars and is becoming more popular. Users of GPS devices for commercial vehicles can improve business operations by knowing the precise position of vehicles at all times. Adding a GPS tracker that interacts with mapping software improves dispatching, routing and safety, reduces fuel costs and expands the range of tasks completed.

Industry Outlook

By industry, the GPS Tracking Devices market is segmented into Transportation & Logistics, Construction, Government, Oil & Gas, Metals & Mining, and Others. The construction segment witnessed a notable growth rate in the GPS tracking device market in 2021. Construction companies can use GPS to manage expensive machine types such as towers, mobile cranes, generators, compressors, service vehicles and heavy trucks. Therefore, it has proven to be a crucial business tool in this sector. In addition, it is used for all construction-related assets. This increases the demand in this industry and drives the growth of the segment.

Regional Outlook

By region, the GPS Tracking Devices market is analyzed in North America, Europe, Asia-Pacific and LAMEA. Europe region achieved the highest revenue share of GPS tracking device market in 2021. The center of the automotive industry and the associated technological advances are in Europe. Numerous companies produce commercial vehicles in the region. The development of telematics technology, with most companies currently using telematics in fleet management, is the main reason behind the development of the regional market.

The market research report includes the analysis of the major market players. Major companies featured in the report include TomTom NV, Sierra Wireless, Inc. (Semtech Corporation), Sensata Technologies Holdings PLC, CalAmp Corp, Orbcomm, Inc. (GI Partners LP), Shenzhen Jimi IoT Co., Ltd. and Queclink Wireless Solutions Co., Ltd., Teltonika, ATrack Technology, Inc. and Ruptela.

Strategies Employed in GPS Tracking Devices Market
Partnerships, collaborations and agreements:

  • June 2022: CalAmp partners with Bristlecone, a provider of AI-powered application transformation services for the connected supply chain. Following the partnership, the companies would jointly develop solutions that leverage real-time data from CalAmp’s edge computing devices, supply chain visibility sensors, and CalAmp Telematics Cloud and Bristlecone’s expertise in delivering end-to-end services to Leverage supply chain transformation powered by analytics and AI to build enterprise-ready automation and logistics visibility solutions.
  • June 2022: CalAmp announces a partnership with Techmatics, a leader in transportation and compliance. The company would be guaranteed to provide commercial and public fleet operators with Techmatics’ apollo Electronic Logging Device (ELD) solution, in addition to CalAmp’s edge computing devices, enabling them to record and log critical data required for compliance legal regulations are required.

Product launches and product enhancements:

  • January 2023: Sensata Technologies launches the new Sensata INSIGHTS brands, which provide end-to-end solutions for asset and site surveillance, telematics, and supply chain and logistics. The INSIGHTS platform connects the physical and digital worlds, empowering users to make the best possible decisions with superior data, a deep understanding of the big picture and a greater commitment to our customer relationships. Sensata INSIGHTS offers proprietary technology to ensure the highest level of data quality and relevance to make decisions and inspire just the right actions to reduce costs, prevent problems and improve security. Sensata INSIGHTS provides adaptable, end-to-end supply chain monitoring and management solutions that deliver more detailed data, better insights, and greater engagement with our customers and partners.

scope of the study
By type

  • Advance tracker
  • Standalone trackers
  • On-board diagnostic devices (OBD).

By Deployment

  • commercial vehicles
  • cargo and containers

By industry

  • Transportation & Logistics
  • construction
  • Government
  • Oil Gasoline
  • metals and mining
  • Other

According to geography

North America

  • US
  • Canada
  • Mexico
  • Rest of North America


  • Germany
  • United Kingdom
  • France
  • Russia
  • Spain
  • Italy
  • rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific


  • Brazil
  • Argentina
  • United Arab Emirates
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Important market participants
List of companies featured in the report:

  • TomTom NV
  • Sierra Wireless, Inc. (Semtech Corporation)
  • Sensata Technologies Holdings PLC
  • CalAmp Corp
  • Orbcomm, Inc. (GI Partners LP)
  • Shenzhen Jimi IoT Co., Ltd.
  • Queclink Wireless Solutions Co.,Ltd.
  • teltonics
  • ATrack Technology, Inc.
  • ruptella

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview

Chapter 3. Competitive Analysis – Global

Chapter 4. Global GPS Tracking Devices Market by Type

Chapter 5. Global GPS Tracking Devices Market by Application

Chapter 6. Global GPS Tracking Devices Market by Industry

Chapter 7. Global GPS Tracking Devices Market by Regions

Chapter 8. Company Profiles

Mentioned companies

  • TomTom NV
  • Sierra Wireless, Inc. (Semtech Corporation)
  • Sensata Technologies Holdings PLC
  • CalAmp Corp
  • Orbcomm, Inc. (GI Partners LP)
  • Shenzhen Jimi IoT Co., Ltd.
  • Queclink Wireless Solutions Co.,Ltd.
  • teltonics
  • ATrack Technology, Inc.
  • ruptella

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