|10-16-2018 05:31 PM CET - IT, New Media & Software||
Global GPS Tracking Device Market 2018 Analysis By Top Players like CalAmp, Sierra Wireless, ORBCOMM, Queclink Wireless Solutions Ltd., Shenzhen Concox Information Technology Co.,Ltd, Laird PLC, TomTom, Meitrack Group, Teltonika, Trackimo, GEOTAB
Press release from: Data Bridge Market Research
Global GPS Tracking Device Market research report is a meticulous investigation of current scenario of the market, which covers several market dynamics. Global GPS Tracking Device Market shows the continuous positive developments in major regions like North America, Europe, Asia-Pacific, South America, Middle East, and Africa. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.
The global GPS Tracking Device market report also contains the drivers and restrains for the GPS Tracking Device market that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market are by systemic company profiles.
Global GPS Tracking Device Market accounted to USD 1.5 billion in 2016 growing at a CAGR of 13.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global GPS Tracking Device Market By Type (Standalone Tracker, PBD Device, Advance Tracker) By Deployment type (Commercial Vehicle, Cargo and Container, Others), By Application (Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Major Market Competitors:
• Calamp Corporation,
• Sierra Wireless, Inc.,
• Orbocomm Inc.,
• Queclink Wireless Solutions Co., Ltd,
• Shenzhen Concox Information Technology Co., Ltd,
• Laird PLC.,
• Tomtom International Bv,
• Teltonika UAB,
• Atrack Technology Inc.,
• Trackimo LLC,Geotab Inc.,
• Shenzhen Coban Electronics Co., Ltd,
• Xirgo Technologies, Inc.,
• Maestro Wireless Solutions Ltd.,
• Ruptela UAB, Spy tech, Inc.,
• Verizon Wireless among others.
In 2017, Volkswagen sign a deal with Sierra wireless Inc. to use the GPS tracking devices in their cars.
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A GPS tracking unit is a device, normally carried by a moving vehicle or person, that uses the Global Positioning System to determine and track its precise location, and hence that of its carrier, at intervals. The latest trend in this market is growth in commercial vehicle leading to the growth of GPS system, they are in small in size, easy to carry, which may further develop the market in future. There is need of GPS tracking devices for several applications like Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government; others will create a huge market for the GPS tracking devices.
GPS Tracking Device Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
• Commercial Vehicles increment leading to large supply of GPS system
• Smaller Size, Longer Life, and High ROI
• Low Prices
• Several Environmental Factors Leads to Poor User Experience
• Advancement in the Software
Some Major Countries Covered in This Report:-
• South Korea,
• Saudi Arabia,
• South Africa,
• among others.
In 2017, North America is expected to dominate the market.
Objective of the Report
To analyze strategies/developments such as collaborations, agreements, partnerships, mergers and acquisitions, and product launches and developments in the GPS Tracking Device market.
Facilitate decision making on the basis of strong historic and forecast of Artificial Intelligence Market.
Porter’s five forces analysis illustrates the potency of buyers & suppliers that operate in the industry.
Historical, current and projected market size in terms of volume and value.
The quantitative analysis of the global market from 2017 to 2024 has been provided to determine the market potential.
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