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.
Factors influencing the growth of the GPS Tracking Device market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the GPS Tracking Device market. The report discusses in detail the positive and negative impact of the pandemic on the GPS Tracking Device industry. The supply chain disruptions and economic volatility have altered the dynamics of the GPS Tracking Device industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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https://www.emergenresearch.com/request-sample/1159Competitive 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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https://www.emergenresearch.com/request-for-customization/1159Segments 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 Segmentation:
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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