Press release
GPS Tracking Device Market Outlook to 2027 - CalAmp, Laird Connectivity, Meitrack, Orbocomm, Queclink Wireless Solutions, Shenzhen Concox, Sierra Wireless, Teltonika, Tomtom International, Trackimo
GPS tracking devices are used to find real-time location-based accurate information of a vehicle, or other types of assets. GPS tracking devices detect the person or vehicle that uses the GPS to track its specific location. The location information is stored and transmitted to others, which are connected via the internet using cellular, radio, or satellite modem embedded in the unit. It comprises a GPS module to receive the GPS signal. Deployment of the GPS tracking device helps to monitor and track commercial vehicles such as buses, trucks, heavy commercial vehicles, and construction vehicles.
The growth of commercial vehicles is driving the global GPS tracking device market. Nevertheless, the impact of nonstandard products might hinder the growth of the global GPS tracking device market. Furthermore, advancement in the software is anticipated to create opportunities for the GPS tracking device market during the forecast period.
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The reports cover key developments in the GPS Tracking Device market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from GPS Tracking Device market are anticipated to lucrative growth opportunities in the future with the rising demand for GPS Tracking Device market in the global market.
Key Players Influencing the Market
• CalAmp Corp
• Laird Connectivity
• Meitrack Group
• Orbocomm Inc.
• Queclink Wireless Solutions Co., Ltd
• Shenzhen Concox Information Technology Co., Ltd
• Sierra Wireless, Inc.
• Teltonika
• Tomtom International Bv
• Trackimo LLC
The "Global GPS Tracking Device Market Analysis to 2027" is a specialized and in-depth study of the customer experience solution with a special focus on the global market trend analysis. The report aims to provide an overview of GPS Tracking Device market with detailed market segmentation by touch point, enterprise size, end-user, and geography. The global GPS Tracking Device market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading GPS Tracking Device market players and offers key trends and opportunities in the market.
The global GPS tracking device market is segmented on the type, deployment type, and industry. On the basis of type, the GPS tracking device market is segmented into standalone tracker, OBD device, and advance tracker. On the basis of deployment type, the GPS tracking device market is segmented commercial vehicle, cargo and container, and others. On the basis of industry, the GPS tracking device market is segmented into transportation and logistics, metals and mining, construction, government, education, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global GPS Tracking Device market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The GPS Tracking Device market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting GPS Tracking Device market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the GPS Tracking Device market in these regions.
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Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the GPS Tracking Device Market.
• Key market trends cracking up the growth of the GPS Tracking Device Market.
• Challenges to market growth.
• Key vendors of GPS Tracking Device Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global GPS Tracking Device Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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