openPR Logo
Press release

GPS Tracker Market Is Growing Due to the Growing Sales of Commercial Vehicles Around the World

10-20-2021 07:53 AM CET | IT, New Media & Software

Press release from: Coherent Market Insights

GPS Tracker Market Is Growing Due to the Growing Sales

GPS Tracker Market Forecast : Market Will Boom In Near Future

๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ฃ๐—ฎ๐—ด๐—ฒ๐˜€: [130 Pages]

GPS tracking refers to the global positioning system. These type of tracking devices are used to track or determine the exact location of the assets, such as a vehicle. This information is stored in the tracking unit and then transmitted to a central location using radio, cellular devices, or satellite modems embedded in the unit. GPS trackers track three separate data sets, such as timing, navigation, and positioning. Moreover, it entails a network of 24 satellites in orbit and a network of instruments on the ground that can establish the location of an individual or object on Earth with astonishing accuracy.

One of the major factor driving the growth of the GPS tracker market is advancement in cloud technology and Internet of Things (IoT) due to increasing number internet users across the world. Globally, internet user numbers are growing at an annual rate of more than 7ยฝ %, but year-on-year growth is much higher in many developed and developing economies. According to DataReportal, around 4.72 billion people around the world use the internet in April 2021; that is more than 60% of the worldโ€™s total population. Both cloud technology and IoT need the installation of the GPS tracking device in any location such as home, office, and many more.

๐—š๐—ผ ๐—ณ๐—ผ๐—ฟ ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ฑ๐—ฒ๐˜๐—ฎ๐—ถ๐—น ๐—ถ๐—ป๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐—š๐—ฃ๐—ฆ ๐—ง๐—ฟ๐—ฎ๐—ฐ๐—ธ๐—ฒ๐—ฟ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜

Which further increases security of physical assets placed in residential or commercial settings. GPS tracker allows users to monitor vehicles, animals, individual, or any object in real time, as well as makes communication between users and devices faster and rapid, along with high reliability and accuracy. Moreover, GPS trackers help the organizations to run smoothly and timely. Thus, there is an increasing demand for GPS tracking devices around the world, which in turn is expected to augment the growth of the GPS tracker market.

๐Œ๐š๐ฃ๐จ๐ซ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง ๐‚๐ฎ๐ซ๐ซ๐ž๐ง๐ญ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ: 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.

Furthermore, the demand for GPC tracker has increased due to rapid growth of the automotive industry and the increasing sales of commercial vehicles worldwide, especially in Asia Pacific. According to the India Brand Equity Foundation (IBEF), in 2020, India was the fifth-largest auto market, with ~3.49 million units combined sold in the passenger and commercial vehicles categories. Moreover, it was the seventh largest manufacturer of commercial vehicles in 2019. By tracking the miles of the vehicles and identifying the shortest path of the route, GPS tracker helps reduce fuel consumption, which further helps eliminate the unnecessary fuel expenses.

Get ๐—ฃ๐——๐—™ Sample Copy:

However, GPS tracker, sometimes, fails to perform in bad weather conditions such as heavy snowfall, rainfall, and others, which may restrain the GPS tracker market growth.

Go Through Our Trusted Clients List:

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Tel: +1-206-701-6702

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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 GPS Tracker Market Is Growing Due to the Growing Sales of Commercial Vehicles Around the World here

News-ID: 2433947 • Views: 226

More Releases from Coherent Market Insights

PVC Packaging Materials market Records A Cagr Of 4.7 % During 2021-2027 | Relian โ€ฆ
Polyvinyl chloride (PVC) packaging material is used in various end-use industries such as personal care, food and beverages, medical, and others, owing to its properties such as light weight, good impact strength, resistance to oil, grease and chemicals, and others. The high versatility of plastic enables in reuse and recycling. The rigid packaging application segment is expected to show a significant growth in the global PVC packaging materials market over theโ€ฆ
Crystalline Solar Collector Market 2021: Top Growing Companies - Wuxi Suntech So โ€ฆ
According to a Recent Research Published by Coherent Market Insights The Global Crystalline solar collector are used capture solar radiations. The collector absorbs heat from sunlight, which makes it ideal for manufacturing of photovoltaic (PV) cells. These solar collector panels are made from crystalline silicon. With depleting fossil fuel and increasing preference for clean energy, significant growth of the crystalline solar collector market is evident in the foreseeable future. However, highโ€ฆ
Ethyl Mercaptan Market 2021-2030: Global Size, Share, Growth, Latest Technology โ€ฆ
Ethyl mercaptan, also known as ethanethiol, is an organosulfur compound, a clear toxic liquid with a distinct odor and was recognized as the worldโ€™s stinkiest substance in the 2000 Guinness Book of World Records. Its structure parallels that of ethanol, however, with sulfur in instead of oxygen. It occurs naturally as a minor component of petroleum, and may be added to otherwise odorless gaseous products such as liquefied petroleum gasโ€ฆ
At CAGR of 18%, Haptic Technology for Mobile Devices Market Size 2021 | Immersio โ€ฆ
The global haptic technology for mobile devices market is expected to exhibit a CAGR of 18% during the forecast period (2019-2027). According to a Recent Research Published by Coherent Market Insights The Global Haptics is the use of a combination of three physical properties to provide tactile feedback in a digital device such as keyboards, touchscreens, speakers, and external speakers. One reason for this is the fact that many users loveโ€ฆ

All 5 Releases

More Releases for GPS

Global GPS Equipment Market | Global GPS Equipment Industry | Global GPS Equipme โ€ฆ
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 receivingโ€ฆ
Global GPS Equipment Market | Global GPS Equipment Industry | GPS Equipment Mark โ€ฆ
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 developโ€ฆ
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% betweenโ€ฆ
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,โ€ฆ
GPS Tracking Device Market - Increased Accuracy Of GPS And Decreased In Cost Of โ€ฆ
Navigators and security systems have always been a necessity things of humanโ€™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 aโ€ฆ
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 inโ€ฆ