GPS Tracking Device Market is expected to grow at a CAGR of 11.8% during the forecast period and market is expected to reach US$ 4.43 Bn. by 2029.
GPS Tracking Device Market Overview:
A newly released report offers an in-depth analysis of the , providing valuable insights into its market values, scope, and regional dynamics. The research, conducted by a dedicated team, delves into the market’s segmentation, key drivers, restraints, and regional perspectives.
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GPS Tracking Device Market Report Scope:
The report comprehensively scopes the GPS Tracking Device Market, utilizing a robust research methodology. Revenue data from major suppliers, coupled with vendor offerings, forms the foundation for market segmentation. The bottom-up technique, incorporating the income of major firms, is employed to estimate the overall market size. This extensive research aims to deliver a detailed understanding of the primary elements influencing the growth of the GPS Tracking Device Market industry.
GPS Tracking Device Market Research Methodology:
Using a global positioning system, a GPS tracking device is used to identify and track an object or entity in order to periodically ascertain its exact location and, consequently, that of its carrier. Along with the target’s direction and speed, it gives latitude and longitude information.
GPS Tracking Device Market Dynamics:
The primary factors propelling the growth of the GPS tracking device market are the rising number of commercial vehicles and the accuracy of these devices in determining the position of movable items. In addition, more GPS technology is being used to track and monitor these cars since it provides better customer service, is smaller, and lasts longer.
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GPS Tracking Device Market Segmentation:
by GPS Tracking Device
Cellular
Satellite
by Type
Standalone Tracker
OBD Device
Advance Tracker
by Deployment Type
Commercial Vehicle
Cargo & Container
Others
by Industry
Transportation & Logistics
Construction
Oil & Gas
Metals & Mining
Government
Others
GPS Tracking Device Market Key Players:
1. Laird PLC
2. Calamp Corp
3. Teltonika UAB
4. Concox Wireless Solutions Co., Ltd.
5. TomTom International BV
6. Sierra Wireless Inc.
7. Geotab Inc.
8. Meitrack Group
9. ATrack Technology Inc.
10. Orbocomm Inc, Ltd.
11. Trackimo LLC
12. Queclink Wireless Solutions Co., Ltd.
13. Meiligao GroupTELTONIKA
14. Spy Tec International
15. Rekvizitai.lt Lithuania
16. Lantronix, Inc
17. Xirgo Technologies.
18. GPS Insight
19. ClearPathGPS, Inc
GPS Tracking Device Market Regional Insights:
The research includes an extensive regional analysis, blending primary and secondary research to offer a realistic perspective. Country-level analysis considers regional stakeholders, tax laws, consumer behavior, and macroeconomic indicators. Separate market share data is presented for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, empowering analysts to conduct targeted competitive analysis.
COVID-19 Impact Analysis:
The report doesn’t shy away from addressing the impact of COVID-19 on the GPS Tracking Device Market. A complete assessment, based on import, suppliers, and market players, unveils the pandemic’s influence and strategies to navigate the challenges.
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GPS Tracking Device Market Key Questions Answered:
The GPS Tracking Device Market Report answers pivotal questions, including:
- Which segment dominated the GPS Tracking Device Market share?
- How was the competitive scenario in 2020?
- What factors fueled the GPS Tracking Device Market growth?
- Which region held the maximum market share in 2020?
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