Press release
GPS Tracking Device Market 2019-2023 Global Industry Size, Growth and Key Players by Tomtom International, Sierra Wireless, Atrack Technology, Concox Information
Market SynopsisThe global positioning system (GPS) devices market is expected a steady growth due to the acceptance of advanced technology across various sectors. The market is expected a valuation of USD 2.53 Bn by 2023, at 11.9 % CAGR between 2017 and 2023 (forecast period).
The GPS tracking device Market is generally carried by a vehicle or by a moving person and used in monitoring and tracking the current location of a vehicle or a person. The GPS tracking market has a high demand across sectors such as information technology (IT), transportation, and telecommunication. It offers real-time information about products, vehicles, and individual. These devices provide advanced tracking systems both for consumers and business that further enhances security and safety. Information regarding the moving object can be stored inside the tracking devices or be transferred to a central control unit. The GPS tracker comprises a GPS module that receives the GPS signal.
The system uses radio, satellite or cellular modems that are fitted along with the tracking devices so that the devices with GPS enabled can be used to track mobile objects. The location of the device further uses geometric coordinates so that it can position the object on the map. Furthermore, the GPS tracking system can be classified into three parts namely basic, intermediate and advanced.
Get Sample Report of GPS Tracking Device Market @ https://www.marketresearchfuture.com/sample_request/3317
Competition Analysis
Some of the prominent players in this market are Tomtom International Bv (Neitherland), Sierra Wireless Inc. (Canada), Atrack Technology Inc. (Taiwan), Concox Information Technology Co. Ltd. (China), and others.
Drivers and Restraints
The prime reasons propelling the demand for GPS tracker devices is the easy installation of these devices at affordable costs. Also, the low cost makes it easy for the small and medium-sized business to install these systems and improve their efficiency. Moreover, various governments are setting up GPS devices across transport systems to add utilities to public services. Moreover, cloud technology and IoT are some of the key factors driving the growth of this market.
Meanwhile, to gain competitive advantage, some of the manufacturers are launching GPS tracking devices which are low in cost. Introduction of these nonstandard products are one of the major restraining factors affecting the market growth. Usage of these substandard GPS tracking devices might lead to poor user experience.
Global GPS Tracking Device Market Segmentation
The GPS tracking device market can be segmented on the basis of type, component, end user, and region.
On the basis of type, the market can be segmented into covert GPS trackers, standalone tracker, advance tracker and others, wherein the advance tracker market is expected to showcase a sharp growth rate during the forecast period. Advance trackers are installed in commercial vehicles to offer performance-related information about the vehicles and provide data regarding engine diagnosis in addition to basic functionalities.
On the basis of component, the market can be segmented into GPS loggers, personal GPS trackers, real-time GPS trackers, and others.
On the basis of end-users, the GPS tracking device can be segmented into automotive and aerospace, healthcare, transportation, retail, government and defense, industrial, hospitality, education, and others. Among them, the transportation sector is expected to display a rapid growth rate and holds the largest market share in the GPS tracking device market.
Get Complete Report of GPS Tracking Device Market @ https://www.marketresearchfuture.com/reports/gps-tracking-device-market-3317
Regional Analysis
Geographically, the market can be segmented into North America, Europe, Asia Pacific and Rest-of-the-World (RoW). North America has been observed to be the leading region with the highest market share. Over two million people in this region have been using GPS Personal Emergency Response Systems with the growing demand for personal safety. GPS tracking devices are used to monitor anti-poaching patrol cars and track their location for personal as well as commercial purposes.
Meanwhile, Europe is also showing a positive growth rate in this market because of safety purposes and tracking real-time vehicle location and speed updates. While this market has a huge potential growth, countries in Asia Pacific such as South Korea, Japan, and China can contribute to market revenue.
Industry Developments
Concox Information Technology Co. Ltd. had ad introduced their lineup of IoT solutions to the Mexican market along with a range of products for car rental, personal security, fleet management, logistics, etc.
Get More PR Information @ https://www.marketresearchfuture.com/press-release/gps-tracking-device-market
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Us:
Market Research Future
Office No. 528, Amanora Chambers
Pune – 411028
Maharashtra, India
Phone: +91 841 198 5042
Mail: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release GPS Tracking Device Market 2019-2023 Global Industry Size, Growth and Key Players by Tomtom International, Sierra Wireless, Atrack Technology, Concox Information here
News-ID: 1609274 • Views: …
More Releases from Market Research Future

Glue Machine Market to Reach USD 14.9 Billion by 2035, Growing at 4.56% CAGR
The Glue Machine Market is witnessing significant growth due to the increasing adoption of adhesive technologies across various industries, including packaging, woodworking, automotive, furniture, and construction. Valued at USD 9.15 billion in 2024, the market is projected to reach USD 14.9 billion by 2035, registering a CAGR of 4.56% between 2025 and 2035.
Glue machines, also known as adhesive application machines, are critical for efficiently dispensing adhesives in industrial and commercial…

Expansion Valves Market to Reach USD 5.39 Billion by 2035, Growing at 4.62% CAGR
The expansion valves market is witnessing steady growth due to increasing demand for efficient heating, ventilation, air conditioning, and refrigeration (HVACR) systems across residential, commercial, and industrial sectors. Valued at USD 3.28 billion in 2024, the market is projected to reach USD 5.39 billion by 2035, growing at a CAGR of 4.62% between 2025 and 2035.
Expansion valves, also known as thermostatic expansion valves (TXVs) or electronic expansion valves (EEVs), are…

Cheese Packaging Market to Reach USD 101.31 Billion by 2034, Growing at 3.50% CA …
The Cheese Packaging Market is poised for steady growth over the next decade due to rising demand for dairy products, evolving consumer preferences, and increasing focus on food safety and sustainability. According to recent estimates, the market was valued at USD 71.87 billion in 2024 and is projected to reach USD 101.31 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.50% between 2025 and 2034.
Cheese packaging…

Maritime Market to Reach USD 2,920 Billion by 2035, Growing at 2.69% CAGR
The Maritime Market is a cornerstone of international trade, logistics, and economic connectivity, serving as the backbone of global commerce. Valued at USD 2,181.1 billion in 2024, the market is projected to expand to USD 2,920 billion by 2035, registering a steady CAGR of 2.69% between 2025 and 2035. Despite modest growth, the industry's scale and importance are unmatched, as more than 80% of global trade volume is carried by…
More Releases for GPS
GPS Market Potential Surge Evaluating GPS Market Growth Opportunities Ahead - 20 …
In recent years, the global GPS Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on GPS Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis,…
AirBolt GPS Tracker Reviews USA: Is AirBolt GPS Tracker The World's Smartest GPS …
AirBolt GPS Tracker Reviews USA: Is AirBolt GPS Tracker The World's Smartest GPS Tracker? All You Need To Know About AirBolt GPS Tracker Before You Buy.
Looking for a game-changer in the realm of GPS trackers? Enter the AirBolt GPS, a revolutionary device that transcends the limitations of traditional Bluetooth trackers and bulky GPS units. Boasting four years of dedicated refinement, AirBolt presents a masterpiece of technology that redefines tracking…
Global GPS Equipment Market | Global GPS Equipment Industry | Global GPS Equipme …
GPS or Global Positioning System equipment is used to find the real-time location-based accurate information of any vehicle, or other types of assets. GPS detects the person or vehicle that uses the GPS to track its exact location. The location information is stored & transmitted to others, which are connected by the internet using radio, cellular, or satellite modem embedded in the unit. It comprises a GPS module for receiving…
Global GPS Equipment Market | Global GPS Equipment Industry | GPS Equipment Mark …
Global Positioning System or GPS equipment market comprises of sales of global positioning systems equipment & related services to determine the ground position of an object through GPS satellites. It is a satellite navigation system that transmits accurate signals that allow GPS equipment to decode or measure the desired location of the satellite. These equipments are smaller in size. With the advent of technologies, it has been possible to develop…
Global GPS Fleet Tracking System Market 2020 Industry Analysis by Manufacturers …
The market research report entitled Global GPS Fleet Tracking System Market 2020 by Company, Type and Application, Forecast to 2025 provides analysis on market conditions, trends, capability, key players, opportunities, and geographical analysis. The report proves to be an ultimate solution when it comes to a better understanding of the industry and leads the business growth. The report covers an overview of the segments and sub-segmentations including the product types,…
GPS Market analysis report- with Leading players and Major Applications: GPS-Ena …
GPS Market
Worldwide Market Reports has announced the addition of the “Global GPS Market Size, Status and Forecast 2019-2025”, The report classifies the global Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
Global positioning system (GPS) is a global navigation satellite system that provides information about time and geolocation to the receiver anywhere on or near the earth where four…