GPS Tracking Device Market Revenue, Product Launches, Regional Share Analysis & Forecast

The global GPS or global positioning system tracking device market size reached USD 2.15 Billion in 2021 and is expected to register a revenue CAGR of 12.3% during the forecast period, according to a latest analysis by Emergen Research. GPS tracking market revenue growth is driven by factors such as increasing demand for the Internet of Things (IoT) and cloud technology, increasing commercial vehicle sales, growing usage of digital maps, and advancements and upgrades of software used in GPS tracking devices. GPS technology has become an integral component of modern life, and GPS tracking is the core of every car monitoring system. The system consists of a network of satellites circling the Earth and gadgets that can determine the position of an object or a person. Today, GPS has a variety of applications, ranging from global military exercises to navigational directions for vehicles.

The study on the Global GPS Tracking Device Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The GPS Tracking Device market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the GPS Tracking Device industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall GPS Tracking Device industry.

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Competitive Outlook: The leading companies operating in the GPS Tracking Device market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the GPS Tracking Device Market and Profiled in the Report are:

CalAmp, ORBCOMM, Sierra Wireless, ATrack Technology Inc., Geotab Inc., Concox, Trackimo, Meitrack Group, RUPTELA, and Geoforce, Inc

Objectives of the Report:

Study of the global GPS Tracking Device market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the GPS Tracking Device market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of GPS Tracking Device market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global GPS Tracking Device market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

• Technology Type Outlook (Revenue, USD Billion; 2019-2030)

  • Standalone Tracker
  • OBD Device
  • Advance Tracker

• Deployment Type Outlook (Revenue, USD Billion; 2019-2030)

  • Commercial Vehicles  
  • Cargo & Containers
  • Others

• End-Use Outlook (Revenue, USD Billion; 2019-2030)

  • Automotive
  • Aerospace & Defense
  • Healthcare
  • Transportation & Logistics
  • Others

Regional Analysis:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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