Latest Report On GPS Tracking Devices Market, Global Investor, Latest Trends, Industry Growth, Size, Future Demands, By Regional Forecast To 2031

The global market for GPS tracking devices is estimated to reach $4.6 billion by the end of 2025. According to the market study, the GPS tracking devices industry is projected to grow at a CAGR of 12.2% during the forecast period 2019-2025.

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The US Bureau of Economic Analysis and US Census Bureau report that the goods and services deficit widened to $70.5 billion in February, from $68.7 billion in January 2023, an increase of 1.9 equivalent to billions of US dollars. The goods and services deficit widened in 2019, on the back of a US$2.7 billion increase in the goods deficit to US$93.0 billion and a US$0.8 billion increase in the services surplus to US$22.4 billion February. The goods and services deficit has narrowed by $35.5 billion, or 20.3%, this year compared to the same period in 2022. Exports increased by 10.8% or US$49.5 billion. Imports cost 2.2% or $14.0 billion more than exports.

Segmentation overview of the global GPS tracking devices market

The global GPS tracking devices market has been segmented on the basis of end-user, type and components. These main market segments are further categorized into various sub-segments to study the market in detail.

Global GPS Tracking Devices Market Type Segment is segmented into:

Advance tracker

Standalone tracker

Covert GPS tracker

Other

The component segment of the global GPS tracking device market is segmented into:

Real time GPS tracker

Personal GPS trackers

GPS logger

Other

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The end-user segment of the global GPS tracking devices market is segmented into:

automotive and aerospace

hospitality

Industrial

health care

government and defense

retail trade

transportation = education

Other

Geographical overview of the global GPS tracking devices market

The global GPS tracking devices market is segmented on the basis of different geographic regions such as:

North America (Canada, USA and Mexico)

Europe (Germany, France, UK, Italy, Spain and Rest of Europe)

Asia Pacific (Japan, China, India, Australia, South Korea and Rest of Asia Pacific)

LAMEA (Latin America, Middle East and Africa)

Competitive insights in the global GPS tracking devices market

Company Profile section of global GPS Tracking Devices Market research report provides real-time market analysis in various subsections including company overview, product portfolio, financial performance, business performance, and SWOT analysis.

The report includes an investigation of the following companies:

Queclink Wireless Solutions Co.,Ltd. (China)

Verizon Wireless (USA)

Spy Tech, Inc. (US)

Concox Information Technology Co.,Ltd. (China)

Laipac Technology, Inc. (Canada)

Sierra Wireless Inc. (Canada)

Orbocomm Inc. (US)

Calamp Corp. (UNITED STATES)

Tomtom International Bv (Netherlands)

Atrack Technology Inc. (Taiwan)

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research methodology

This market research report on the global GPS tracking devices market is a comprehensive market assessment based on extensive primary and secondary information sources. The competitive scenario of the GPS Tracking Devices market is calculated considering various factors impacting the market. Thorough analysis of historical data and current market trends provides researchers with a basis to calculate market size considering various forecasts and estimates. The research report used an analytical method of triangulation to study the numbers and figures of the GPS Tracking Devices market with both top-down and bottom-up approaches.

Key highlights of the research study

This market research study provides key insights on the market drivers, restraints, opportunities, challenges, market trends, regional prospects, new product launches, and key competitive strategies of the market players which are included in the report on the global GPS Tracking Devices market.

The research study profiles the key market players of the global GPS Tracking Devices market on the basis of various parameters including company overview, key developments, financial performance, competitive strategies, product portfolio, sales strategies, and geographic footprint.

The market research report on the global GPS tracking devices market includes a study of various stakeholders active in the industry, including suppliers, traders, product manufacturers and investors, financial analysts, new entrants, and research and advisory companies working in the GPS tracking devices industry.

The key insights from the research report enable management authorities and marketers of companies to take part in important decisions while considering various factors such as marketing tactics, market expansion, technological upgrading, government initiatives and future product launches.

What are the main findings of the report?

“This report provides comprehensive information on factors that are expected to influence market growth and share in the future.”
“The report provides the current market situation and future prospects for different geographic regions.
“This report provides both qualitative and quantitative information about the competitive landscape of the market.”

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