GPS Tracking Devices Market Development Strategies, Insights and Analysis by Regions by Key Manufacturers Forecast to 2030

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Increasing demand for IoT and cloud technology is a key factor driving revenue growth in GPS tracking devices market

GPS Tracking Devices Market Size – $2.15 billion in 2021, Market Growth – at a CAGR of 12.3%, Market Trends – Increasing Commercial Vehicle Sales”

— Emergence Research

VANCOUVER, BC, CANADA, Nov. 14, 2022 /EINPresswire.com/ — The market size for GPS or global positioning systems reached US$2.15 billion in 2021 and is expected to generate a revenue CAGR of A current analysis by Emergen Research records 12.3%. Revenue growth in the GPS tracking market will be fueled by factors such as increasing demand for the Internet of Things (IoT) and cloud technology, increasing sales of commercial vehicles, increasing use of digital maps, and advancements and upgrades in software built into GPS -Tracking devices used, powered. GPS technology has become an integral part of modern life and GPS tracking is at the core of any car surveillance system. The system consists of a network of satellites orbiting the earth and devices that can determine the position of an object or person. Today, GPS has a wide variety of applications ranging from global military exercises to vehicle navigation instructions.

IoT is a very innovative concept affecting all facets of life. It is possible to integrate GPS trackers, sensors and even everyday objects with electronics and network connectivity to make them smart. These embedded systems can connect to the cloud, be controlled remotely, and interact with each other. Despite the fact that GPS technology has been around for decades, the advent of the IoT has changed the way GPS-based apps and devices are used. The IoT allows GPS devices to transmit data remotely and connect to other systems and sensors. Modern tracking systems are capable of capturing and transmitting a variety of vehicle data, including fuel monitoring, remote temperature monitoring, and driver identification. Car rental companies can benefit greatly from GPS tracking devices by increasing service levels and reducing damage costs.

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The Gps Tracking Device business analysis covers techniques from the major players including in-depth information on key business developments, company overview, financial highlights, product portfolio, SWOT analysis, key strategies and developments.

GPS Tracking Devices Market Major Competitors Are:

CalAmp, ORBCOMM, Sierra Wireless, ATrack Technology Inc., Geotab Inc., Concox, Trackimo, Meitrack Group, RUPTELA and Geoforce, Inc.

Some key highlights from the report

A moderate share of sales was attributable to the commercial vehicle segment in 2021. Commercial GPS tracking is incredibly useful and is growing in popularity among businesses that use vehicles. One can improve business operations by using a commercial vehicle GPS tracker to always know the exact location of drivers. Installing a GPS tracker linked to mapping software improves routing, dispatching and safety while reducing fuel costs and increasing the number of tasks to be completed.

On-board diagnostics segment accounted for a significant revenue share in 2021. OBD Tracker is a GPS device that offers a range of features such as: B. reading engine trouble codes, engine RPM and vehicle speed. It’s easier to set up and use, and better suited for vehicle monitoring. The scope is expanded. Once the gadget is placed, this tracker will start monitoring the car on an ongoing basis.

Aerospace & Defense accounted for a significant share of sales in 2021. GPS is used by aviators worldwide to improve flight safety and efficiency. With its accurate, continuous and global capabilities, GPS provides continuous satellite navigation service to meet the needs of a wide range of aviation users. In addition to ground navigation at the airport, space-based positioning and navigation offers three-dimensional position determination for all flight phases such as take-off, flight and landing. GPS continues to fuel the growth of faster and more efficient flight routes.

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Emergen Research has segmented the global GPS tracking devices market based on technology type, deployment type, end use, and region:

Technology Type Outlook (Revenue, $Bn; 2019-2030)

Standalone tracker

OBD device

Advanced tracker

Deployment Type Outlook (Revenue, $Bn; 2019-2030)

commercial vehicles

Freight & Containers

Other

End Use Outlook (Revenue, $Bn; 2019-2030)

automobile

Aerospace & Defense

health care

Transportation & Logistics

Other

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The company providing GPS Tracking Devices market overview, analysis and forecast, market size and growth for the global GPS Tracking Devices market, GPS Tracking Devices market shares, GPS Tracking Devices market segments and regions, global market players for GPS Tracking Devices Global GPS Tracking Devices provides revenue, profiles and market share of the leading competitors in the market. Global GPS Tracking Devices Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.

You need to figure out how this will impact the GPS tracking device market today and over the next 10 years:

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• It includes an in-depth analysis of global, regional and national sales and growth.

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This report tells you today how the GPS tracking devices market is going to evolve over the next 10 years and in line with the fluctuations of the economic recession and the COVID-19 recovery. This market is more critical today than it has been at any time in the last 10 years.

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Forecasts up to 2030 and other analyzes show commercial prospects

• In addition to sales forecasts up to 2030, our new study provides you with current results, growth rates and market shares.

• You will find original analysis with business prospects and developments.

• Discover qualitative analysis (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising GPS tracking device prices and current developments.

This report provides data analysis and invaluable insights into how COVID-19 is impacting the industry and your business. This report discusses four COVID-19 recovery patterns and their impact, namely “V”, “L”, “W” and “U”.

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Global GPS or GPS tracking device market size reached USD 2.15 billion in 2021

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Nov 14, 2022 1:26 p.m


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