Stratview Research delivers key insights on the global GPS Tracking Device Market. According to Stratview Research, the market is segmented by Device Type (Standalone Tracker, OBD Device, and Advance Tracker), by Deployment Type (Commercial Vehicle, Cargo & Container, and Others), by End-Use Industry Type (Transportation & Logistics, Metals & Mining, Construction, Oil & Gas, Government, and Others), by GPS Tracking Device Type (Satellite, Cellular), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)

The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.

Market Insights

The report suggests that the overall GPS Tracking Device market is likely to witness an excellent CAGR of 12.1% during the forecast period. Increasing sales of commercial vehicles growing need for vehicle-theft protection, high return on investment to users of GPS tracking devices, and government mandates such as electronic logging device (ELD) are the major factors likely to drive the market for GPS tracking devices during the forecast period, globally.

Market Segments' Analysis

Based on the deployment type, the GPS tracking device market is segmented as commercial vehicle, cargo & containers, and others. The commercial vehicle segment held the largest share of the market in 2019, due to its extensive use in the transportation industry. The segment is expected to maintain its legacy during the forecast period as well.

Based on the end-use industry type, the market is segmented as transportation & logistics, metals & mining, construction, oil & gas, government, and others. The transportation & logistics segment is the largest as well as the fastest-growing industry in the GPS tracking device market, driven by its extensive use in a large number of commercial vehicles.

In terms of regions, Europe held the largest share of the market in 2019, and is estimated to continue its leading position during the forecast period as it is the automotive manufacturing hub. On the other hand, Asia-Pacific is likely to grow at the highest CAGR during the forecast period, with China and India as the major countries offering lucrative growth opportunities. North America is also expected to offer considerable growth opportunities in the coming five years.

Key Players

The following are some of the key players in the GPS Tracking Device Market:

·         ATrack Technology Inc.

·         Calamp, Corp.

·         Laird plc.

·         Meitrack Group

·         Orbocomm Inc

·         Queclink Wireless Solutions Co, Ltd

·         Shenzhen Concox Information Technology Co

·         Sierra Wireless Inc.

·         Teltonika UAB

·         Trackimo LLC.

Get a free sample report here: https://www.stratviewresearch.com/Request-Sample/1114/GPS-tracking-device-market.html#form

About Us –

Stratview Research is a leading global market research firm providing expert research solutions, trusted by clients worldwide. To keep our clients ahead of the curve, we provide data backed by extensive market research and in-depth industry knowledge. The broad spectrum of integrated insights is referred to, and cited by press releases, interview with key players, white papers, journals, etc. Stratview research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our team.

Get in touch with us for more details –

Call: +1-313-307-4176 Or Mail Us:  sales@stratviewresearch.com