Typically, these devices are made up of a GPS receiver that picks up signals from Earth-orbiting satellites and a communication module that sends the location information to an interface or central server.
Projection of Revenue Growth:
The 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...
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