According to the current study, the GPS tracking device market is expected to reach an estimated value of $4 billion by 2030 (up from $2.3 billion in 2023), growing at a CAGR of 10.0% from 2023 to 2030 .The growth in this market is mainly driven by the growth in the transportation sector
According to the current study, the GPS tracking device market is expected to reach an estimated value of $4 billion by 2030 (up from $2.3 billion in 2023), growing at a compound annual growth rate of 10.0% from 2023 to 2030. Growth in this market is primarily driven by growth in the transportation and logistics industry and affordable price of GPS tracking devices.
According to the current study on the GPS tracking devices market [https://www.lucintel.com/gps-tracking-device-market.aspx] The value is expected to increase to an estimated $4 billion by 2030 from $2.3 billion in 2023, at a CAGR of 10.0% from 2023 to 2030. Growth in this market will be primarily driven by the growth in the transportation and logistics industry and the affordable prices of GPS tracking devices.
Browse 88 figures/diagrams and 79 tables in this 190-page report to explore trends, opportunities and forecasts in the GPS tracking devices market by end-use industry (transportation and logistics, construction, oil and gas, metals and mining, government and others). to understand. , device type (standalone trackers, OBD devices, and advanced trackers), deployment (commercial vehicles, cargo and containers, and others), and region (North America, Europe, Asia Pacific, and the rest of the world).
Lucintel forecasts that GPS tracking devices for the commercial vehicle market will continue to be the largest segment and will also witness the highest growth during the forecast period due to growth in commercial vehicle production and increasing use of GPS tracking devices in the transportation and logistics industry.
In the GPS tracking devices market, transportation and logistics will continue to remain the largest end-use industry due to the increasing adoption of GPS tracking in the transportation and logistics sector for real-time fleet management and the affordable prices of GPS tracking devices.
Download a sample by clicking on the GPS tracking device market [https://www.lucintel.com/gps-tracking-device-market.aspx]
North America will remain the largest region due to increasing adoption of intelligent transportation systems. APAC is expected to witness the highest growth during the forecast period, supported by increasing vehicle production and increasing trading activities.
CalAmp Corporation, Orbcomm Inc., Sierra Wireless, ATrack Technology and Geotab are the major players in the GPS tracking device market.
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 write to us at helpdesk@lucintel.com
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