GPS Tracking Devices Market: Industry Trends, Analysis, Types,

GPS Tracking Devices Market

The global GPS tracking devices market is anticipated to grow at a CAGR of 11.8% during the forecast period and the market is expected to reach USD 3.55 billion. until 2028.

Zion Market Research has released a new report that projects the market for GPS tracking devices: by type (advance tracker, standalone tracker and OBD device), by deployment (commercial vehicles, cargo and containers and others), by industry (transportation and logistics). , metals). & mining, construction, oil & gas, government and others) – Global Industry Perspective, Comprehensive Analysis and Forecast, 2018–2025.. The year 2020 is used as the base year while the years 2022 to 2028 are considered as forecast years in the report. Additionally, the study assesses market sizes and values ​​for the different types and applications/end users covered in the analysis. Additionally, the study provides a thorough examination of the primary market drivers, restraints, and opportunities in the global and regional GPS Tracking Devices markets. Major geographic regions such as North America, Europe, Asia Pacific, South America, and Middle East & Africa are all covered in the market study. In each of these regions, sales and market size forecasts are provided with an analysis of the key countries with the highest market revenue.

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The leading leading market players covered in this report are: Calamp Corp., Orbocomm Inc., Sierra Wireless Inc., TomTom International BV, Queclink Wireless Solutions Co. Ltd., Shenzhen Concox Information Technology Co., Laird plc, Meitrack Group, Teltonika UAB, ATrack Technology Inc., Trackimo LLC, Geotab Inc..

The recently released industry report on the Global GPS Tracking Devices Market offers an in-depth investigation of the major players operating in the global market. These key market players are classified based on business segments, revenue, mergers and acquisitions, product portfolio, R&D spend, and geographic footprint. The report also provides concise details of these market players in terms of headquarters, revenue, regional presence, key competitors, and recent developments.

On the basis of product type, the GPS Tracking Devices market report considers the following segments:

Advance tracker, standalone tracker and OBD device

On the basis of Applications, the GPS Tracking Devices Market report considers the following segments:

Transportation & Logistics, Metals & Mining, Construction, Oil & Gas, Government and others

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Market drivers, restraint and opportunities

Zion Market Research’s latest report focuses on key driving variables which are mainly responsible for the rapid rise in the global GPS Tracking Devices Market. Furthermore, the driving variables of the report include an in-depth study of current market trends, local government policies, new product launches, legislation, geographic conformance, existence of market players, and supply chain status. The key drivers of the report will assist decision makers and investors to streamline their deals according to the market trends and demand.

The research study includes a detailed examination of the market restraints which includes a number of factors arising from the existing government legislation, import-export policies, currency devaluation, market entrant bans, discretionary income percentage and the reason for low product demand come. These characteristics will provide useful information about the market to investors, major market players and others, allowing them to better understand the fast/slow growth of the market. Thanks to the impact analysis provided with the key restraining factors, the clients can understand the severity of the market restraining factor during the forecast period.

The latest Zion Market Research report identifies a key opportunity for market expansion over the forecast period. This report presents market opportunities through a detailed study of the current GPS Tracking Devices market scenario, mergers and acquisitions, R&D investments, technological developments, novel marketing strategies, and buyer behavior. The key opportunities covered in the report will provide a better understanding of the global GPS Tracking Devices market and its future growth.


The primary market segments and their sub-segments covered in this study provide information about the overall business climate. The categories in this study are created through the analysis of supply and demand scenarios that provide a comprehensive view of the market. The segment study provides a detailed overview of the fastest growing market sector along with the factors influencing the fast/slow growth of the other segments. This section provides comprehensive market share and revenue analysis.


Zion Market Research latest market report is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The report provides detailed financial data for each region based on its segments. Additionally, detailed sales and market share analysis is provided for the top countries in each region.

Effects of COVID-19 on the global market:

This COVID-19 Impact Analysis covered in the report offers a comprehensive study on changes in corporate policies, market expansion rate, new collaboration among market players and key restraining factors, future market growth during the pandemic period. As COVID-19 persists for an extended period of time, it is important to understand its impact on overall growth during the forecast period.

reporting methodology

Market revenue, future projections and statistics for a new report published by Zion Market Research are prepared by gathering in-depth information for the global GPS Tracking Devices Market. The details provided in the report are compiled through extensive secondary research that includes thorough examination of investor presentations, company annual reports, white papers, government programs and associated organizational reports. The detailed secondary research is supported by a comprehensive primary research.

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Key features of the GPS Tracking Device report include:

competitors and market share
Market Structure: Overview
Growth Drivers and Constraints
Porter’s Five Analysis
SWOT analysis
Market trends and forecasts
Market segments and forecast
new trends
growth opportunities.
The research report also examines:

Competitive companies and manufacturers in the world market
By product type, applications and growth factors
Industry Status and Outlook for Main Applications/End Users/Use Area

Thank you for reading this article; You can also get individual chapter wise section or regional report version like North America, Europe or Asia.

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