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Automotive GPS Tracking Devices Market 2022 is estimated to clock a modest CAGR status during the forecast period 2022-2027 With Top Countries Data
The Automotive GPS Tracking Devices Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Automotive GPS Tracking Devices market growth.The Global Automotive GPS Tracking Devices Market Size is Projected to Reach at a CAGR of 13% during 2022-2027.
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Global GPS Tracking Device Market: Overview
The global market for GPS tracking devices is gaining momentum due to the adoption of better technologies across several sectors. The impetus given to security systems and better management of resources will play a pivotal in enhancing market growth. GPS (Ground Positioning System) technology is widely used to determine the precise location of vehicles and other mobile entities. The information regarding the moving object can be transmitted to a central control unit or can also be stored within the tracking device. The system uses satellite, radio, or cellular modems fitted with the tracking device; devices enabled with GPS can be used to track the mobile objects. The device’s location uses geometric coordinates to position the object on a map. The GPS tracking system is divided into three parts viz. basic, intermediate, and advance design.
Top Leading Companies:
BAE Systems, Boeing, General Dynamics, Lockheed Martin, Northrop Grumman, EADS Group, Immunity Inc, Israel Aerospace Industries (IAI), Vupen Security, AVG Technologies, Avast Software, Bull Guard Ltd, F Secure Labs, Kaspersky Lab, Symantec Corporation, Trend Micro, Mandiant
Recent Developments
In March 2017, Orbocomm collaborated with Weatherdock (Germany) and Pole Star Space Applications Limited (London) to develop Class B vessel tracking solution. This solution is a 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 the part of Sierra Wireless OEM Solution products.
In March 2017, Calamp launched LMU-2640 and LMU-200, which are the two telematics devices that have highly sensitive GPS receiver antenna. With these products launches, the company is addressing growing demand for GPS tracking devices from Europe and Latin America.
Automotive GPS Tracking Devices Market Segmentation by Type:
Wired GPS Tracking Devices
Battery GPS Tracking Devices
Automotive GPS Tracking Devices Market Segmentation by Application:
Passenger Vehicles
Commercial Vehicles
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Europe to account for the largest market size during the forecast period
The European 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 increased number of manufacturing facilities, aging infrastructure, and asset’s safety and security.
Regional Automotive GPS Tracking Devices Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
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 additional.
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Highlights of the Automotive GPS Tracking Devices Market Report:
Detailed overview of Automotive GPS Tracking Devices Market
Changing the Automotive GPS Tracking Devices market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Automotive GPS Tracking Devices market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Automotive GPS Tracking Devices Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Automotive GPS Tracking Devices Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Automotive GPS Tracking Devices industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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