Global GPS Tracking Device Market: Emerging Trends, Major Key Players Sierra Wireless Inc and Laipac Technology Inc

According to the report The global GPS tracking device market size was valued at $1.78 billion in 2020, and is projected to reach $4.93 billion by 2028, registering a CAGR of 12.3% from 2021 to 2028. There are lots of driving factors and trends that are shaping GPS tracking device market growth. The increasing use of trackers by government organizations is making fleet movements more traceable which is the primary factor for this market. Constant infrastructure racketeering, mobile command tracking etc. are some of the prime reasons for this market growth. Tracking devices utilizing wireless communication technologies has included speakers like SMS text messaging, EMS, MMS etc. in the past few months or so to offer better flexibility and convenience than ever before.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global GPS TRACKING DEVICE industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the GPS Tracking Device market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major GPS Tracking Device players holding highest market share include Sierra Wireless Inc, Laipac Technology Inc, Queclink Wireless Solutions Co Ltd and Atrack Technology Inc. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Sierra Wireless Inc
• Laipac Technology Inc
• Queclink Wireless Solutions Co Ltd
• Atrack Technology Inc
• Tomtom International
• Calamp Corp
• Orbocomm Inc
• Concox Information Technology Co Ltd
• Spy tech Inc
• Verizon Wireless

Segmental Analysis

Market Segment By Type with focus on market share, consumption trend, and growth rate of GPS TRACKING DEVICE Market:
o Covert GPS Trackers
o Standalone Tracker
o Advance Tracker
Market Segment By Components with focus on market share, consumption trend, and growth rate of GPS TRACKING DEVICE Market:
o GPS Loggers
o Personal GPS Trackers
o Real-Time GPS Trackers

Market Segment By End-User with a focus on market share, consumption trend, and growth rate of GPS TRACKING DEVICE Market:
o Automotive and aerospace
o Healthcare
o Transportation
o Government and defense

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Global GPS Tracking Device Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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