The market size for GPS tracking devices is expected to grow at a CAGR of 15.2% during the forecast period

PRESS RELEASE

Published on June 6, 2023

According to the study initiated by Evolve Business Intelligence, the market size for GPS tracking devices was US$3.2 billion in 2022 and will grow at a CAGR of 15.2% from 2023 to 2033. GPS tracking devices market refers to the industry that provides devices and solutions for tracking and monitoring the location of assets, vehicles or people using Global Positioning System (GPS) technology. GPS tracking devices typically consist of a GPS receiver that receives signals from satellites and a communication module to transmit the location data to a central server or a user’s device.

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Key Highlights:

• The market size for GPS tracking devices was estimated at US$3.2 billion in 2022 and will grow at a CAGR of 15.2% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to witness the fastest growth with the highest CAGR between 2023 and 2033

Evolve Business Intelligence recently published a new market research report on GPS Tracking Devices Market. The report covers a wide range of aspects such as market size and forecast, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product benchmarking, recent developments of key players and potential opportunities. Additionally, the market has been evaluated based on four indicators in the Market Dynamics chapter, including Drivers, Restraints, Key Trends, and Challenges.

In terms of COVID 19 impact, GPS Tracking Devices Market Report also provides the following data points:

• Impact of COVID-19 on GPS Tracking Devices Market Size
• End-user/industry/application trend and preferences
• Government guidelines/regulatory framework
• Strategy of key stakeholders to address negative impacts/post-COVID strategies
• Opportunity in the GPS tracking devices market

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key figures

Major GPS tracking device vendors with high market shares include Meitrack Group, Starcom System Ltd., Geotab Inc, and Atrack Technology. These players use partnership and collaboration as a key strategy to gain significant market share and compete with the market leaders.

The key players featured in the report are:

• Meitrack Group
• Starcom System Ltd
• Geotab Inc
• Atrack technology
• Trackimo Group
• SierraWireless
• Calamp Corp
• box telematics

Segment Analysis

Market segmentation by type, focusing on market share, consumption trend and growth rate of GPS Tracking Devices Market:

• data logger
• data slide
• data puller

Market segmentation by technology with focus on market share, consumption trend and growth rate of GPS Tracking Devices Market:

• Standalone tracker
• Advance tracker
• OBD device

Market segment by end-user, focusing on market share, consumption trend and growth rate of GPS Tracking Devices Market:

• automobile
• Aerospace & Defense
• healthcare
• transport

parameter	details
Market size (2022)	$3.2 billion
CAGR (2023 to 2033)	15.2%
market segmentation	Type, Technology, End User
country covered	USA, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America

For more informations: https://report.evolvebi.com/index.php/sample/request?referer=digitaljournal.com&reportCode=019821

GPS Tracking Equipment Geographic Coverage:

• North America
• Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Nordic countries
  • Benelux
  • rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Middle East and Africa
  • Saudi Arabia
  • United Arab Emirates
  • Egypt
  • South Africa
  • Rest of MEA
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • rest of Latin America

Reasons to buy this report:

• Detailed analysis of the impact of market drivers, restraints and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Detailed analysis of the Total Addressable Market (TAM) of your products
• Investment opportunities and new business opportunities
• Analysis of the gap between supply and demand
• strategic planning

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence and consulting company that provides innovative solutions to challenging business vulnerabilities. Our market research reports contain data useful for micro, small, medium and large businesses. We offer solutions ranging from pure data collection to business consulting.

Evolve Business Intelligence is based on technological advances and delivers high-precision data through our in-house AI-modeled data analysis and forecasting tool – EvolveBI. This tool tracks real-time data including quarterly performance, annual performance and recent developments for Fortune’s Global 2000 companies.

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This press release has been written with the intention of providing accurate market information that will enable our readers to make informed strategic investment decisions. If you see a problem with this content, you can always contact us at [email protected]

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