GPS Tracker Market New Revolution Generate High Demand and Product Growth Insights 2021-2027

GPS Tracker Market 2021

GPS tracking devices are used to track the movements of any person or vehicle, which helps to locate the exact location of the assets. This information is stored in a tracking unit, which is transmitted to the central database using a mobile device, radio, or satellite module installed on this unit.

The market size of GPS tracking device was estimated at $ 1.78 billion by 2020, and is expected to reach $ 4.93 billion by 2028, with a CAGR registration of 12.3% from 2021 to 2028.

One of the major factors contributing to market growth is the development of Internet of Things (IoT) and cloud technology due to the increasing influx of internet users worldwide. For example, according to Internet World Stats, in June 2017, the number of Internet users was reported to be 3.88 billion out of a global total of 7.52 billion. In addition, according to Coherent Market Insights ’analysis, the number of Internet-connected devices (IoT) was US $ 17.72 billion in 2016, and increased to US $ 20.38 billion, worldwide. The integration of IoT and cloud technology provides a place to install GPS tracking device in any location such as office, home, and more, which further enhances the security of residential and commercial property. This device allows users to view individuals, animals, cars, or anything else in real time, enabling faster and faster communication between devices and users with high accuracy, precision, and reliability. In addition, GPS tracking helps organizations be more efficient and timely, organizations that keep customers satisfied with time frames and scheduling. Therefore, this item is expected to encourage the growth of GPS tracker market during the weather (2018-2026) However, sometimes GPS tracker fails to work in bad weather conditions such as heavy rain, snow, etc., which is expected to hinder growth of the GPS tracker market in the forecast period (2018 - 2026).

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Major players working in the global GPS Tracker Market include : Orbcomm Inc., Laird PLC., Teltonika UAB, Geotab Inc., Sierra Wireless, Inc., Queclink Wireless Solutions Co., Ltd, Tomtom International Bv, Rilapp Technology Inc., Calamp Corporation, and Shenzhen Concox Information Technology Co.

Key Points for Geographical Analysis:

Details and data related to usage level in each region
Moderate increase in consumption rate
Expected growth rate of regional markets
Forward growth of market share in each region
Geographical contribution to market capitalization


The report answers questions such as:

1. What is the market size and forecast of the Global GPS Tracker Market?
2. What factors hinder the impact of COVID-19 in shaping the Global GPS Tracker Market during the forecast period?
3. What products / components / applications / areas should you invest in the forecast period in the Global GPS Tracker Market?
4. What is the competitive window for opportunities in the Global GPS Tracker Market?
5. What are the technical and regulatory trends in the Global GPS Tracker Market?
6. What is the market share of the leading retailers in the Global GPS Tracker Market?
7. What methods and strategies are considered appropriate to enter the Global GPS Tracker Market?

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