Global market size for GPS tracking devices
The global market for GPS tracking devices was $ 1.66 billion in 2024. The global market is expected to be reached in 2033 of USD 1.87 billion and $ 4.95 billion and grow on a CAGR of 12.9% during the forecast period.
The study shows that the market in various segments, including transport, IT and telecommunications, has high demand that offers real -time information about vehicles, products and humans. These devices offer extended GPS vehicle tracking options for companies and customers and improve security and security.
The GPS tracking device is often worn by a moving vehicle or an individual person who is used to determine and persecute its current location. Ioot And Cloud technology is the best -known factors that drive this market. With modern technology in the GPS tracker, a hidden GPS tracking device can be placed anywhere on the basis of size, range and reliability as well as for monitoring. Independent and extended tracking devices are also used. These devices can be used by companies, governments and people to present real -time information based on national security.
Market driver
Factors such as inexpensive GPS tracking devices, increasing employment of these systems in commercial vehicles and the long service life of the GPS device increase the expansion of the market. In addition, the development of technology and software should offer numerous options for the market in the coming future. In addition, the installation of these devices does not correspond to very high costs that make these devices more popular. The relatively low prices also make it easier for small and medium -sized companies to use these systems and to improve their efficiency. Therefore, the market has expanded its customer base over the years. The critical reason why the demand for GPS devices hinders is the accuracy of these devices when determining the position of mobile objects. The effects of non -standard products and many environmental factors that lead to poor expansion of the user experience.
reporting
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Report metric |
Details |
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Market size available |
2024 to 2033 |
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Base year |
2024 |
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Forecast period |
2025 to 2033 |
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CAGR |
12.9% |
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Segments covered |
According to type, tracking device, end user, region |
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Different analyzes covered |
Analysis of the global, regional and country-wide level, analysis at segment level, droc, pestle analysis, porter five-forces analysis, competitive landscape, analyst overview of investment opportunities |
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Regions covered |
North America, Europe, APAC, Latin America, Middle East and Africa |
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Market leaders profil |
Calamp, Sierra Wireless, Orbcomm, Queclink Wireless Solutions Co., Ltd., Concox Information Technology Co. Ltd., Laird, TomTom International BV. GPS Insight, Clearpathgps, Inc, Azuuga, Agile Fleet, US Fleet follow -up, Arihann Electricals, Shenzhen Eelink Communication Technology Co., Ltd., GPS Systems India, AssetTrackR PVT Ltd. |
Segment analysis
Through type knowledge
It is estimated that the Advance Tracker will be expanded on the highest CAGR during the intended period. It is professionally installed in vehicles, loads and containers in order not only to show the location of the vehicles, but also to share engine diagnosis and different parameters for temperature -controlled logistics.
Through end user knowledge
During the review period, the business for transport and logistics has made the highest share in the GPS tracking device market and is also expanded on the highest CAGR value in the intended period. The main reason for this leading position is the increasing demand for connected vehicles both in the passenger and freight transport.
Regional analysis
The market for North American GPS Tracking Device is one of the dominant industries worldwide and has the highest market share in 2019. In North America, these devices are largely used to support the monitoring of the anti-poaching patrols and continuously pursue the location for commercial and personal uses. The market for GPS tracking devices in Europe also shows a positive development due to security purposes and also helps with the acquisition of vehicle location tactualizations, vehicle speeds and immediate alarm message to poor driver behavior. The market for GPS tracking devices in the Asian-Pacific area as well as countries such as China, Japan and South Korea is a growing industry. This local market has great potential for the expansion of the GPS persecution device, especially in countries such as China, Japan, etc.
Important market participants
One of the most important actors who are currently working on the global market for GPS tracking devices Lithuania, Lantronix, Inc., Xirgo Technologies., GPS Insight, Clearpathps, Inc, Azuga, Agile Fleet, US Fleet follow -up, Arihann Electrials, Shenzhen Eelink Communication Technology Co., Ltd., Ltd., GPS systems India, Assetrackr PVTD. Ltd.
Youngest market owner
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Unigps solutions in the city stopped GPS tracking devices under the name “Uni Suraksh”. The event presented the start of GPS wearable watches and portable tracking devices. The product aims to minimize security problems and threats such as kidnapping by making solutions available by using the latest technologies after security problems in taxis and other public locations.
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The provider of homemade Connected Vehicle Solutions Rollr has introduced Rollr Mini-a plug-and-play device that sends live tracking, warnings and automotive health updates. Rollr is a subsidiary of the car component -giant Samvardhana Motherson Group (SMG). With this start, SMG previously entered the Business-to-Consumer (B2C) category.
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Globalstar Europe Satellite Services, a subsidiary of Globalstar, which offers satellite news and emergency notification technologies, showed that its Spot X-Zwei-Wege satellite communication device is now available in Europe and North Africa. Spot X offers two-way tracking (GPS) and an SOS key that sends the user's GPS location to the Geos International Emergency Response Coordination Center (IerCC) via Globalstars Satellite Network. The IerCC then transfers details to local first aiders to send help at the user's location.
Market segmentation
This research report on the global market for GPS tracking devices was segmented and sub-segmented based on the type, the tracking device, the end user and the region.
According to type
- Independent tracker
- OBD device
- In advance -tracker
By persecution of devices
From end users
- Transport & logistics
- construction
- Oil & gas
- Metals & mining
- Government
- Other
According to region
- North America
- Europe
- Asia -Pacifik
- Latin America
- Middle East and Africa
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