GPS Monitoring Units Market Anticipated to Attain US $ 2.four Billion by 2025 – A Lucintel Unique Market Analysis Report

“Trends and Forecasts for the Global GPS Tracking Devices Market”

Trends, Opportunities, and Forecasts in the GPS Tracking Devices Market to 2024 by Device Type (Standalone Tracker, OBD Device, and Advance Tracker), Deployment Type (Commercial Vehicle and Freight and Container), End Use Industry (Transportation and Logistics, Construction, Oil and Gas, Metals & Mining and Government) and Region (North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW))

Lucintel’s latest market report analyzed that GPS tracking devices offer attractive opportunities in the transportation and logistics, construction, oil and gas, government, and metals and mining industries. The GPS tracking device market is expected to reach $ 2.4 billion at a CAGR of 5% by 2025. In this market, commercial vehicles are the largest segment by development type, while stand-alone trackers are the largest segment by device type.

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Based on the Deployment Type, the GPS Tracking Devices market is segmented into Commercial Vehicles, Freight, and Containers. The commercial vehicle segment had the largest market share in 2020 and is expected to have the highest CAGR in the forecast period due to the increasing use of GPS tracking devices in the transportation and logistics end-use industries and the increasing adoption of intelligent transportation. Systems.

Search the Comprehensive Tables of Contents On The “GPS Tracking Devices Market”

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The market for GPS tracking devices is characterized by the presence of several large and small players. Well-known providers of GPS tracking devices include CalAmp Corporation, Orbcomm Inc., Sierra Wireless, ATrack Technology, Geotab, Concox Information, Trackimo, Meitrack Group and Ruptela UAB.

This unique research report will enable you to make confident business decisions in this globally competitive market. For a detailed table of contents, contact Lucintel at + 1-972-636-5056 or click this link [email protected].

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