openPR Logo
Press release

Global GPS Equipment Market | Global GPS Equipment Industry | Global GPS Equipment Market Outlook: Ken Research

03-04-2021 01:33 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

Global GPS Equipment Market | Global GPS Equipment Industry |

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 the GPS signal. Deployment of the GPS equipment helps to monitor & track the commercial vehicles such as heavy commercial vehicles, buses, trucks, and construction vehicles.

As per study, “GPS Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global GPS equipment market are Queclink Wireless Solutions Co., Ltd; Laird PLC.; Sierra Wireless, Inc.; Orbocomm Inc.; Tomtom International Bv; Shenzhen Coban Electronics Co., Ltd; Shenzhen Concox Information Technology Co. Ltd.; Concox Wireless Solution; Xirgo Technologies, Inc.; Maestro Wireless Solutions; Trimble Navigation Limited; Geotab Inc; Teltonika UAB; MiTAC Digital Technology Corporation (Navman); Garmin Ltd; Mio Technology Corporation; Verizon Wireless; Trackimo LLC, Calamp Corporation, Spy tech, Inc.; Texas Instruments Inc; Ruptela UAB; MeitrackGroup. These key players have used a variety of strategies such as clinical trials, market initiatives, new product launches, high expense on research & development (R&D), agreements, joint ventures, acquisitions, partnerships, and others to boost their footprints in this market.

By product type, GPS Equipment market is bifurcated into data pullers, data pushers, data loggers and covert GPS trackers. By application, market is bifurcated into marine, aviation, road, surveying & mapping, location-based services and others. In addition, by end-use industry, market is bifurcated into oil & gas, construction, transportation & logistics, government, metals & mining, and others (agriculture, retail, education, hospitality and healthcare). Transportation & logistics segment is likely to witness higher growth rate due to growth in adoption of fleet management solutions to improve the operational efficiency of fleet companies during the forecast period.

The GPS Equipment market is driven by growth in advancement in data analytics, followed by rise in demand for fleet telematics, development of wireless network technologies, affordable prices of GPS tracking devices and growth of commercial vehicles. However, presence of cheap non-standard substitutes may impact the market. Moreover, advancement in the software and increase in investment in R&D on the miniaturization of fleet monitoring devices are key opportunities for market.

By geography, global GPS Equipment market is bifurcated into Asia-Pacific, North-America, Europe and rest of the world. The North-America is a leading region in global market owing to presence of major solution providers in the region. The Asia-Pacific and Europe regions are projected to exhibit considerable growth rate due to huge automotive sales, increase in GDP and rise in penetration of driverless cars over the forecast period. It is expected that future of this market will be bright because of rise in trend of shared transportation during the forecast period. It is also expected that global GPS Equipment market will be reached at US $695.4 million by 2023, at a CAGR of 9.60%.

For More Information, Click on the Link Below:-

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations, technology, transformation, digital, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving 70% of fortune 1000 companies globally, some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

This release was published on openPR.

Permanent link to this press release:

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 Global GPS Equipment Market | Global GPS Equipment Industry | Global GPS Equipment Market Outlook: Ken Research here

News-ID: 2252243 • Views: 426

More Releases from Ken Research Pvt Ltd

Global Rim Supplementary Cementitious Materials Market Research Report with Oppo …
Supplementary cementing materials (SCMs) contribute to the properties of hardened concrete through hydraulic or pozzolanic activity. Typical examples are fly ashes, slag cement (ground, granulated blast-furnace slag), and silica fume. These can be used individually with portland or blended cement or in different combinations. Supplementary cementing materials are often added to concrete to make concrete mixtures more economical, reduce permeability, increase strength, or influence other concrete properties Based on the Rim Supplementary
Global Fillings & Toppings Market Report 2020 by Key Players, Types, Application …
Fillings and toppings are added to the food items in order to preimmunise the platter and make it look more fascinating. It adds a dissimilar taste to the food and makes it more filling for the customer. The filling and toppings can be personalized by the consumer’s taste and preferences. The fillings in food items such as pasta, fish, meat, frozen food and others are processed with the stabilizer systems
Global Line Scan Cameras Market Report 2020 by Key Players, Types, Applications, …
A line scan camera reads the image data one line at a time. This means that it doesn’t witness the image as a complete, but rather reviews it specifically line by line. This seamless recording style enables for inspections of over-long objects or even endless webs of materials. Such features make line scan cameras perfect for a variation of applications. The most common usages are superiority assurance and sorting process.
Global 2-Chlorobenzonitrile Market Forecast and Analysis 2021-2027
2-Chlorobenzonitrile (OCBN) is an organic compound with the formula C7H4ClN. It is utilized as an intermediate for the synthesis of agrochemicals, pharmaceuticals and chemical intermediates. According to the report analysis, ‘Global 2-Chlorobenzonitrile (OCBN, CAS 873-32-5) Market, 2021-2027’ states that AlzChem Group AG, Huanghua Bohai Chemical Co., Ltd., Laohekou Huachen Chemical Co., Ltd., Shenyang Bio-Chem Co., Ltd., Zhejiang Changshan Lisheng New Material Co., Ltd., Zhejiang Fusheng Holding Group Co., Ltd., among

All 5 Releases

More Releases for GPS

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 Modules Industry Market Analysis & Forecast
Global GPS Modules Industry Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023. The production is estimated at XX million in 2017 and is forecasted to reach XX million by the end of 2023, growing at a CAGR of XX% between
06-12-2018 | Sports
Outdoor Sports GPS Device Market 2018
Outdoor Sports GPS Device Market report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data. Global Outdoor Sports GPS Device Market, provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Outdoor Sports GPS Device Market analysis is provided for the international Industry including development trends,
GPS Tracking Device Market - Increased Accuracy Of GPS And Decreased In Cost Of …
Navigators and security systems have always been a necessity things of human’s life. The developments of advanced electronics have brought revolutionary changes in these fields. The GPS tracking devices are an electronic device used for tracking location of devices. Most of the tracking systems use GPS module to find out the device position. Many systems also combine communication components such as satellite transmitters to communicate the device location to a
First Car Rental introduces GPS
Car rental company, Rent A Car, which formerly represented National Alamo Car Rental in Mauritius, has joined the First Car Rental brand and network as from this week. Based in South Africa, First Car Rental is one of the fastest growing car rental brand present on three continents and is today considered to be one of the trendiest names in the car rental business. The advent of this new brand in
Free GPS navigation for the cell phone
To follow the right direction most people have already used a route-finder in their car. So it comes in useful when the navigation system is integrated in the cell phone. And it is a great advantage when the software is offered for free, too. This mobile software is called amAze, a mobile mapping, local search and navigation solution. It contains a wide coverage of maps including aerial photo in Europe, North