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GPS Tracking Devices Market Outlook 2026: Top Manufacturers, Trends and Research Methodology

08-04-2020 03:31 PM CET | IT, New Media & Software

Press release from: AllTheResearch

"The Global GPS Tracking Devices Market was valued at USD 1,567.6 million in 2018 and is expected to reach USD XX Million by 2026, growing at a CAGR of 12.2% % by 2027."

Snapshot of GPS Tracking Devices Market
GPS tracking devices are mainly used to obtain real-time location information of a vehicle, a person, or asset. These tracking devices are used for the detection of a vehicle or person by using the global positioning system, which can track and determine its precise location. The precise location of the moving person or vehicle can be recorded and transmitted with the help of the radio or satellite modem embedded in the tracking unit. The GPS tracking devices contain a GPS module for receiving the required signal.

The growth of this GPS Tracking Devices Market is primarily driven by increasing disposable incomes, growing technological innovation in Transportation & Logistics, Oil & Gas, Metals & Mining, Construction, Government industry.

The growth of the GPS tracking devices market is primarily driven by the Increasing demand for fleet telematics and affordable prices of GPS tracking devices.

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Global GPS Tracking Devices Market Segmentation:
Following Top Key players are profiled in this Market Study:
Laird PLC (UK), Starcom System Ltd. (US), Shenzen Coban Electronics Co., Ltd. (China), Concox Information Technology Co., Ltd (China), Sierra Wireless Inc. (Canada), Meitrack Group (China), Calamp Corp. (US), Orbocomm Inc. (US), ATrack Technology Inc. (Taiwan), Trackimo (US), and Trimble Inc. (US), among others

The Global GPS Tracking Devices Market has been segmented into satellite, cellular, and dual-mode. The cellular segment is expected to grow at a significant rate over the forecast period, owing to the increasing penetration of 4G LTE network across the globe.

By Application: Transportation & Logistics, Oil & Gas, Metals & Mining, Construction, Government, Agriculture, Others

Based on end-use industry, the transportation & logistics segment is expected to dominate the market throughout the forecast period.
Based on end-use industry, the GPS tracking devices market has been segmented into transportation & logistics, metals & mining, oil & gas, construction, government, agriculture, and others. The transportation & logistics segment is estimated to dominate the GPS tracking devices market throughout the forecast period. The transportation & logistics segment held a market share of over 25% in 2018, owing to the increasing adoption of fleet management solutions for improving the operational efficiency of fleet companies

Impact of COVID-19:
GPS Tracking Devices Market report analyses the impact of Coronavirus (COVID-19) on the GPS Tracking Devices industry.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the GPS Tracking Devices market in 2020.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; emergency declared in many countries; massive slowing of the supply chain; stock market unpredictability; falling business assurance, growing panic among the population, and uncertainty about future.

COVID-19 can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.

Download Sample PDF of COVID-19 ToC to understand the impact and be smart in redefining business strategies.
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Table of Content:
Chapter 1 Executive Summary
1.1. Market Summary

1.1.1. Global GPS Tracking Devices Market, 2016-2026, (USD Million)

1.2. Market Snapshot: Global GPS Tracking Devices Market

1.3. Market Dynamics

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Chapter 2 Market Dynamics
2.1. Market Overview

2.2. Market Drivers

2.2.1. Growing demand for wearable devices

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Chapter 3 Global GPS Tracking Devices Market, by Type
Chapter 4 Global GPS Tracking Devices Market, by Application
Chapter 5 Global GPS Tracking Devices Market, by Region
Chapter 6 Competitive Intelligence
Chapter 8 Preface
And More…

View Complete Report with Different Company Profiles
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AllTheResearch
Contact Person: Rohit B.
Tel: 1-888-691-6870
Email: contactus@alltheresearch.com

About Us:
AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realise, that its not just sheer data-points, but the right analysis that creates a difference.

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