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GPS Tracking Device Market Analysis With Key Players, Applications, Trends And Forecast To 2032
GPS Tracking Device Market
GPS Tracking Device Market Size, Growth Rate, And Forecast
The global GPS tracking device market size is expected to grow from $2.56 billion in 2022 to $2.91 billion in 2023 at a compound annual growth rate (CAGR) of 13.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global GPS tracking device market size is expected to reach $4.76 billion in 2027 at a CAGR of 13.1%.
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GPS Tracking Device Market Drivers
The increasing demand for commercial vehicles is expected to propel the growth of the GPS tracking device market going forward. A commercial vehicle refers to a vehicle registered to a company, such as company cars, fleet vehicles, or other vehicles that are used to transport goods and general equipment for commercial or business purposes. GPS tracking devices are used in commercial vehicles to keep track of the vehicle, improve vehicle maintenance, and enhance customer service by providing real-time status. Therefore, the increasing demand for commercial vehicles is driving the growth of the GPS tracking device market.
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GPS Tracking Device Market Segments
1) By Type: Standalone Trackers, OBD Devices, Advance Trackers
2) By Deployment: Commercial Vehicles, Cargo And Containers
3) By Application: Automotive, Aerospace And Defense, Healthcare, Transportation
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the GPS Tracking Device Market.
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GPS Tracking Device Market Key Players
Major competitors in the GPS Tracking Device Market include CalAmp, ORBCOMM, Sierra Wireless, Shenzhen Jimi IoT Co Ltd., Queclink Wireless Solutions Co Ltd., TELTONIKA, ATrack Technology Inc., Geotab Inc., Meitrack Group, Trackimo, Starcom Systems, TomTom Intemational BY, RUPTELA, ICONCOX, and Geoforce
The Business Research Company's "Global GPS Tracking Device Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The GPS Tracking Device Market Include:
1. Executive Summary
2. GPS Tracking Device Market Characteristics
3. GPS Tracking Device Market Trends And Strategies
4. GPS Tracking Device Market - Macro Economic Scenario
5. GPS Tracking Device Market Size And Growth
.......
26. Africa GPS Tracking Device Market
27. GPS Tracking Device Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The GPS Tracking Device Market
29. GPS Tracking Device Market Future Outlook and Potential Analysis
30. Appendix
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