GPS Tracking Device Market Industry Size, Share, In-Depth Qualitative Insights, Regional Analysis by 2030
GPS Tracking Device Market was valued at USD 3.1 Bn in 2023 and is expected to reach USD 7.34 Bn by 2030, at a CAGR of 13.1 % during the forecast period.
GPS Tracking Device Market Overview:
This comprehensive analysis delves into various segments, industries, and geographical regions to offer profound insights into the growth trajectory of the GPS Tracking Device Market. Additionally, the study meticulously examines the key drivers influencing market expansion while providing an exhaustive evaluation of the market's value chain.
GPS Tracking Device Market Report Scope & Research Methodology:
The research methodology employed for assessing and forecasting the GPS Tracking Device Market entails gathering revenue data from primary suppliers through secondary research channels. Moreover, vendor offerings are considered during the delineation of market segmentation. Utilizing the bottom-up approach, the revenue of major industry players serves as a foundational metric for determining the overall size of the GPS Tracking Device Market.
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GPS Tracking Device Market Dynamics:
E-commerce and globalized supply chains have made efficient supply chain management and logistics essential for businesses to stay competitive. GPS tracking devices are essential for facilitating real-time shipment tracking and monitoring, enhancing supply chain visibility, cutting down on transit times, minimizing inventory shrinkage, and streamlining inventory management procedures. Numerous consumer and business applications have increased demand for GPS tracking devices due to the widespread use of smartphones, mobile apps, and location-based services. GPS technology has permeated every aspect of modern life, from ride-sharing and food delivery services to asset tracking and location-based advertising, propelling the growth of the GPS Tracking Device Market.
GPS Tracking Device Market Segmentation:
The GPS Tracking Device Market is segmented based on:
by Technology
Standalone Tracker
OBD Device
Advance Tracker
by Type
Data Loggers
Data Pushers
Data Pullers
by Application
Automotive
Aerospace & Defense
Healthcare
Transportation
Others
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GPS Tracking Device Market Key Players:
The key players dominating the GPS Tracking Device Market include:
North America:
1. Garmin Ltd. - Olathe, Kansas, USA
2. Trimble Inc. - Sunnyvale, California, USA
3. CalAmp Corp. - Irvine, California, USA
4. Geotab Inc. - Oakville, Ontario, Canada
5. Spireon Inc. - Irvine, California, USA
6. Orbcomm Inc. - Rochelle Park, New Jersey, USA
7. Globalstar Inc. - Covington, Louisiana, USA
Europe:
1. TomTom N.V. - Amsterdam, Netherlands
2. MiX Telematics Ltd. - Stellenbosch, South Africa (Regional HQ: Manchester, UK)
3. Teltonika UAB- Vilnius, Lithuania
4. Frotcom International - Lisbon, Portugal
5. Grupo UDA - Mexico City, Mexico
6. Grupo Precisão - São Paulo, Brazil
7. Maxtrack - São Paulo, Brazil
8. Pointer Telocation Ltd. - São Paulo, Brazil
Asia-Pacific:
1. Meitrack Group - Shenzhen, China
2. Queclink Wireless Solutions Co., Ltd. - Shanghai, China
3. ATrack Technology Inc. - Taipei, Taiwan
4. Concox Information Technology Co., Ltd. - Guangzhou, China
5. SinoTrack - Shenzhen, China
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GPS Tracking Device Market Regional Analysis:
Market share insights for North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are thoroughly analyzed and presented separately. Our analysts meticulously assess competitive strengths and conduct in-depth competitive analyses on each market contender.
COVID-19 Impact Analysis on GPS Tracking Device Market:
This report also provides a detailed examination of the COVID-19 impact on the GPS Tracking Device Market, encompassing factors such as imports, suppliers, and key players, providing a comprehensive understanding of the market's response to the pandemic.
Key Questions Answered in the Report:
- Which segment held the largest share in the GPS Tracking Device Market?
- What is the competitive landscape of the GPS Tracking Device Market?
- What are the key factors influencing GPS Tracking Device Market growth?
- Which region dominates the GPS Tracking Device Market share?
- What is the projected CAGR of the GPS Tracking Device Market during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by Different Segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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