Car GPS Trackers Market Share: Global Industry Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Forecast to 2027 - Orbcomm, Meitrack, Queclink, Concox Information Technology, Teltonika

The “Car GPS Trackers Market” report provides 2021-2027 a detailed market overview based on current and future trends that will determine the profit structure. Market size, demand, supply chain, market growth factors, and future trends. It involves an in-depth study of the current trends leading to this vertical trend in different regions. The report provides important information related to components and factors such as market size, market share, market segmentation, main growth drivers, and market competition. Car GPS Trackers market segments are highlighted by type and application, region, and major players. It provides key statistics on the market conditions of major market participants.

“The Car GPS Trackers Market is predicted to register a CAGR of 12% over the forecast period 2021 – 2027.”

Key Competitors of the Car GPS Trackers market is:

Orbcomm, Meitrack, Queclink, Concox Information Technology, Teltonika, CalAmp, Tomtom, Shenzhen Eelink Communication Technology, Sierra Wireless, ThinkRace Technology, ARKNAV, Jimi Electronic, Trackimo, Suntech International, Ruptela, Shenzhen Coban Electronics, Starcom Systems, Gosafe Company Ltd., Huizhou Great-Will Industrial, GOTOP Limited

Recent Development:

Calamp, Corp. (US) is one of the major players in the GPS tracking device market. The company has a broad product portfolio in the market with a strong foothold in the US. The company is aggressively capturing the market share of GPS tracking devices with its acquisition and several product launches. Recently, in March 2016, the company has acquired LoJack Corporation (US), which is an aftermarket vehicle tracking system provider. This will help Calamp, Corp. to strengthen its market position in the market. With several product launches such as LMU-2640, LMU-200, and LMU- 2600, the company is trying to diversify its product portfolio in the said market.

In March 2017, Orbocomm collaborated with Weatherdock (Germany) and Pole Star Space Applications Limited (London) to develop a Class B vessel tracking solution. This solution is tamper-proof hardware that can be attached to small vessels such as pleasure craft and fishing vessels, to track their position always.

In April 2017, Sierra Wireless, Inc. acquired the GNSS embedded module business of GlobalTop Technology (Taiwan). Under this acquisition, the GNSS embedded modules of GlobalTop will become part of Sierra Wireless OEM Solution products.

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Impact of COVID-19 on the Car GPS Trackers Market:

The rise of COVID-19 has tempered showcase improvement; anyhow, the market is consistently choosing up-tempo because of growing lockdowns. The fast increment in CAGR is thanks to the request and extension of this marketplace, which is a practicality to come to pre-pandemic ranges once the large, is gone.

Major Types covered are:

Wired Car GPS Trackers
Wireless Car GPS Trackers

Major Applications covered are:

Passenger Car
Commercial Vehicle

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Europe to account for the largest market size during the forecast period

The European CAR GPS tracking device market is a mature one and is expected to sustain its position in the coming years. Being the automotive manufacturing hub, various companies such as Teltonika UAB (Lithuania), Ruptela UAB (Lithuania), Neomatica LLC (Russia), and Box Telematics Ltd. (UK) are offering GPS tracking devices in the said market. In addition, various events, and conferences related to GPS tracking devices are also driving the growth of the European market. APAC is expected to be the fastest-growing market in the overall GPS tracking device market during the forecast period. The major driving factors for the growth of the market in APAC are the increased a number of manufacturing facilities, ageing infrastructure, and asset’s safety and security.

Regional market Car GPS Trackers (regional production, demand and forecast by country):

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situations, most important trade models, and consequently the possible headways in services with the aid of using crucial gamers inside the upcoming years.

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Report Features:

To project the value and sales volume of the Car GPS Trackers market, concerning key regions.
To analyses competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To study and analyses the global Car GPS Trackers market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
To understand the structure of the Car GPS Trackers market by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, industry-specific challenges, and risks).

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