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:
In-depth market forecasting and analysis reveal a promising trajectory for the global GPS Tracking Device market, with projections spanning from 2021 to 2027. The market is poised for substantial growth, driven by heightened demand for GPS Tracking Device.
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GPS Tracking Device Market Report Scope:
This comprehensive report provides a thorough examination of current and emerging trends in the GPS Tracking Device market. With a focus on key product positions and competitor strategies, the analysis encompasses technology, end-user, and type categories, offering insights into the entire GPS Tracking Device market environment.
GPS Tracking Device Market Research Methodology:
People are becoming more likely to use GPS tracking devices because they may be purchased for a fair price. Using cellular (GPRS or SMS), radio, or an integrated satellite modem, the location of a moving vehicle or person can be recorded and shared with other people who are online. In order to receive the GPS signal, the GPS tracker has a GPS module.
GPS Tracking Device Market Dynamics:
Since the beginning, the transportation sector has been the primary user of these items. GPS tracking systems are installed in fleets of automobiles, trucks, buses, and freight. The placement of these devices throughout public transportation networks is an additional significant factor driving demand.
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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 regional segment delves into individual market influencers, changes in market laws, and global players’ presence and challenges. It incorporates downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies to anticipate market scenarios across regions.
GPS Tracking Device Market COVID-19 Impact Analysis:
Highlighting the significant influence of the COVID-19 pandemic on the global GPS Tracking Device market, the report discusses production halts, manpower shortages, and the ensuing economic slump. Anticipating a transient impact, the report forecasts a revival in early 2021 due to increased demand for GPS Tracking Device.
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GPS Tracking Device Market Key Questions Answered:
- Which segment dominated the GPS Tracking Device market share?
- What was the competitive scenario in the GPS Tracking Device market in 2020?
- What are the key growth factors for the GPS Tracking Device market?
- Which region held the largest share in the GPS Tracking Device market in 2020?
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