Kings Research today announced the release of its latest market research study, “Global GPS Tracking Devices Market: Size, Share, Trends and Forecast 2025-2032.” The report provides a detailed analysis of the market size, growth drivers, technological trends, regional outlook and competitive dynamics.
According to Kings Research, the global GPS tracking device market was valued at $3,256.3 million in 2024 and is expected to reach $8,133.9 million by 2032, registering a CAGR of 12.34% during the forecast period. Market growth is driven by increasing demand for real-time location monitoring, fleet management optimization, and advancements in miniaturized GPS solutions for healthcare, personal security, and wildlife conservation.
GPS tracking devices use satellite-based positioning systems to determine and monitor real-time location data for vehicles, assets and people. These devices play a critical role in transportation, logistics, public safety and asset management by improving operational efficiency, reducing theft and ensuring regulatory compliance.
Kings Research identifies the following drivers for the GPS tracking devices market
- Miniaturization of devices: Advances in microelectronics and low-power chipsets enable smaller, lighter and more efficient GPS devices without compromising accuracy.
- Demand for fleet management: The growing need for efficiency, safety and cost reduction in fleet operations is driving adoption. According to the American Trucking Associations (ATA), over 14 million single and combination trucks will be registered in the United States in 2023, underscoring the critical role of GPS-enabled fleet management systems (source: Trucking.org).
- IoT and cloud integration: Integration with IoT, AI and cloud platforms improves real-time monitoring, predictive analytics and remote asset management. According to the European Commission's Digital Decade 2024 report, 45% of EU companies purchased cloud computing services in 2023, with 78% of large companies and 44% of SMEs adopting cloud solutions, increasing demand for connected GPS solutions across industries (source: europa.eu).
- Safety regulatory requirements: Governments are increasingly mandating the installation of GPS in commercial vehicles to improve road safety and transparency. In the United States, the Federal Communications Commission (FCC) regulates GPS device frequency security compliance, while the European Union enforces the GDPR for personal data collected by GPS trackers.
B2B executives in transportation, logistics, government, and personal security can benefit from GPS tracking devices
- Operational efficiency: Real-time tracking reduces fuel costs, improves route planning and ensures on-time deliveries.
- Increased security: Asset monitoring and theft prevention capabilities provide greater control across the entire supply chain.
- Regulatory Compliance: GPS trackers help companies comply with government-mandated security, transparency and data protection standards.
Regional outlook
- North America:55% of the market in 2024 ($1,190.2 million), due to early adoption of telematics, strict regulations and widespread fleet management requirements.
- Europe: Retained a significant share in 2024 due to GDPR, logistics growth and smart mobility adoption in Germany, France and the UK.
- Asia Pacific: Expected to be the fastest growing region with a CAGR of 14.70% during the forecast period, driven by e-commerce growth, logistics digitalization and government road safety initiatives in India, China and Japan.
Competitive landscape
The GPS tracking device market is moderately fragmented, with companies focusing on research and development, strategic partnerships and IoT integration. Some of the leading players include CalAmp Corp., ORBCOMM, Semtech, Shenzhen Jimi IoT Co., Ltd, Queclink Wireless Solutions Co., Ltd. and TomTom International BV.
Kings Research's full report provides detailed segmentation by device type, technology, application and region, as well as competitive benchmarking and industry forecasts. To request a sample report or access the full study, visit https://www.kingsresearch.com/gps-tracking-device-market-2583.
About Kings Research
Kings Research is a global provider of syndicated research reports and advisory services, enabling companies to navigate emerging markets, evaluate opportunities and make informed strategic decisions.
All market data comes from Kings Research's proprietary analysis and is validated against credible sources and industry publications. Key references include the US Department of Transportation (www.transportation.gov), the European Commission (digital-strategy.ec.europa.eu) and the US Federal Communications Commission (www.fcc.gov).
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