GPS Tracking Device Market 2019-2023 Trending Key Vendors Analysis by Tomtom International, Calamp, Orbocomm, Sierra Wireless, Laipac Technology, Concox Information Technology, Spy tech, Verizon Wireless

Market Overview:

GPS tracking devices utilize global positioning system in order to determine and track the current location of the vehicles for surveillance purposes. Market Research Future (MRFR) has published a report asserting that the global GPS Tracking Device System Industry is marked to expand remarkably at a CAGR of 11.9% during the forecast period of 2017-2023 and reach the market valuation of USD 2.53 Bn by the end of the forecast period.

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Key Players:

The prominent players profiled by MRFR that are operating in the global GPR tracking device system market Atrack Technology Inc. (Taiwan), Tomtom International Bv (Netherlands), Calamp Corp. (the U.S.), Orbocomm Inc. (the U.S.), Sierra Wireless Inc. (Canada), Laipac Technology, Inc. (Canada), Concox Information Technology Co., Ltd. (China), Spy tech, Inc. (the U.S.), Verizon Wireless (the U.S.), Queclink Wireless Solutions Co., Ltd. (China) and others.

Market Drivers and Restraints:

GPS tracking devices are carried by vehicles or other moving objects in order to aid in monitoring and for tracking the current location of the vehicles or the objects. Increased utilization of these devices in transportation industry due to the increased popularity of mobility on demand system is majorly propelling the expansion of the global GPS tracking device system market during the assessment period. The easy installation and low cost of the devices are also leading to the rise in adoption of these devices across various industry verticals, which in turn is fueling the growth of the global GPS tracking device system market. However, introduction of non-standardized products that are cheaper in cost is leading to the poor user experience, which is likely to act as a restraining factor on the growth of the global GPS tracking devices system market.

Segments:

The global GPS Tracking Device system market has been segmented on the basis of type, components, end -users and region.

GPS Tracking Device system Market by Type:

• Covert GPS Trackers
• Standalone Tracker
• Advance Tracker
• Others

GPS Tracking Device system Market by Components:

• GPS Loggers
• Personal GPS Trackers
• Real-Time GPS Trackers
• Others

GPS Tracking Device system Market by End-User:

• Automotive and aerospace
• Healthcare
• Transportation
• Retail
• Government and defense
• Industrial
• Hospitality
• Education
• Others

GPS Tracking Device system Market by Regions:

• North America
• Europe
• APAC
• Rest of the World

Regional Analysis:

The regional analysis of GPS Tracking Device market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading regions across the world in terms of highest market share in GPS Tracking market. InNorth America, these devices are widely used to help monitor anti-poaching patrols in recent days and to track the location all the time, in commercial as well as for the personal purposes. Europe region is also showing a positive growth in the GPS Tracking Device devices market due to safety purpose and to also helpful in getting a real-time vehicle location updates, vehicle speeds, as well as instant alert message to bad driver behaviors. Whereas, Asia-Pacific countries like China, Japan and South Korea is an emerging market for GPS tracking devices market. This market has huge potential for growth of GPS tracking device specifically the country like China.

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Intended Audience

• Raw material providers
• Supplier of GPS tracking devices
• GPS antenna supplier
• Distributors and traders
• Semiconductor product designers
• Software and service providers
• GNSS/GPS IC supplier
• GNSS module supplier
• Semiconductor product designers
• Technology investors
• Research institutes,
• System Integrators
• Research/Consultancy firms

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This release was published on openPR.