Press release
THE GLOBAL GPS TRACKING DEVICE MARKETWAS VALUED AT USD 1.19 BILLION IN 2016 AND IS PROJECTED TO REACH USD 3.54 BILLION BY 2025, GROWING AT A CAGR OF 12.87% FROM 2017 TO 2025 TOP KEY PLAYERS ARE ORBOCOMM INC. , QUECLINK WIRELESS SOLUTIONS CO ., LTD , SHENZ
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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing applications of Commercial Vehicles
1.2 Growing demand for Smaller Size, Longer Life, and High Roi
1.3 Growing consumer preference for Affordable Prices
2. Market Restraints
2.1 Impact of Nonstandard Products and Several Environmental Factors Leads to Poor User Experience
Market Segmentation:
1. Global GPS Tracking Device Market, by Deployment Type:
1.1 Commercial Vehicle
1.2 Cargo and Container
1.3 Others
2. Global GPS Tracking Device Market, by Type:
2.1 Standalone Tracker
2.2 PBD Device
2.3 Advance Tracker
3. Global GPS Tracking Device Market, by Industry:
3.1 Transportation & Logistics
3.2 Construction
3.3 Oil & Gas
3.4 Metals & Mining
3.5 Government
3.6 Education
3.7 Retail
3.8 Hospitality
3.9 Agriculture
3.10 Healthcare
4. Global GPS Tracking Device Market, by Communication Technologies:
4.1 Satellite
4.2 Cellular
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5. Global GPS Tracking Device Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Calamp Corporation
2. Sierra Wireless, Inc.
3. Orbocomm Inc.
4. Queclink Wireless Solutions Co ., Ltd
5. Shenzhen Concox Information Technology Co., Ltd
6. Laird PLC.
7. Tomtom International Bv
8. Meitrack Group
9. Teltonika UAB
10. Atrack Technology Inc.
11. Trackimo LLC
12. Geotab Inc
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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