Press release
GPS Equipment Market Innovative Report Growth Impact Over the Forecast Year 2020-2030
The Business Research Company
The global GPS equipment market was worth $482 million in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 9.60% and reach $695.4 million by 2023.
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The global positioning system (GPS) equipment market consists of sales of global positioning systems equipment and related services for determining the ground position of an object through GPS satellites. GPS is a satellite navigation system that transmits specific signals that allow GPS equipment to decode and measure the exact location of the satellite.
Increased use of GPS tracking devices in commercial vehicles contributed to the growth of the GPS equipment market. GPS tracking devices help in monitoring commercial vehicles such as trucks, buses, heavy commercial vehicles, and construction vehicles. Through monitoring and handling these vehicles in real time with GPS trackers, companies can get real time updates, optimize routes, increase efficiency, and improve fuel efficiency among others. Businesses are increasingly using GPS for tracking vehicles and will have an edge over their competitors in giving a better customer experience.
GPS Equipment Market Segmentation: -
By Product Type
1. Data loggers
2. Data pushers
3. Data pullers
4. Covert GPS Trackers
By Applications
1. Road
2. Aviation
3. Marine
4. Location-based services
5. Surveying and Mapping
6. Others
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Few Points From Table Of Content
1. Executive Summary
2. GPS Equipment Market Characteristics
3. GPS Equipment Market Size And Growth
4. GPS Equipment Market Segmentation
5. GPS Equipment Market Regional And Country Analysis
……
25. GPS Equipment Market Competitive Landscape
26. Key Mergers And Acquisitions In The GPS Equipment Market
27. GPS Equipment Market Trends And Strategies
28. GPS Equipment Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the GPS equipment market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the GPS equipment market are Calamp Corporation, Sierra Wireless, Inc., Orbocomm Inc., Queclink Wireless Solutions Co., Ltd, Laird PLC., Tomtom International Bv, Concox Wireless Solution, Xirgo Technologies, Inc., Shenzhen Concox Information Technology Co. Ltd. and Maestro Wireless Solutions.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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