Press release
2025 GPS Equipment Industry Trends Report: Long-Term Outlook Through 2034
GPS Equipment Market
GPS Equipment Market Size Growth Forecast: What to Expect by 2025?
The market size of GPS equipment has seen swift expansion in the past several years. A surge from $2.96 billion in 2024 to $3.32 billion in 2025 is projected, marking a compound annual growth rate (CAGR) of 12.3%. Factors fueling the historic period's growth include military uses, an upswing in consumer electronics, the use of the global positioning system (GPS) satellite, the automotive industry's adoption, and government initiatives and investment.
How Will the GPS Equipment Market Size Evolve and Grow by 2029?
The size of the GPS equipment market is projected to experience quick expansion in the next several years, with an estimated worth of $5.17 billion in 2029, representing a compound annual growth rate (CAGR) of 11.7%. The anticipated growth during this forecast period can be associated with the increased involvement in the Internet of Things (IoT) and connected devices, data analytics, and location-related services, alongside other factors such as surge in demand for disaster management and emergency response, tie-ups with autonomous drones, security measures, and anti-theft features. Additionally, the forecast period is also likely to witness certain trends, such as the increasing interest in outdoor recreational activities, expanding safety anxieties, the rise of autonomous vehicles, an upswing of utilization in the agricultural sector, forthcoming government initiatives, and regulatory measures.
View the full report here:
https://www.thebusinessresearchcompany.com/report/gps-equipments-global-market-report
What Drivers Are Propelling the Growth of GPS Equipment Market Forward?
The surge in the utilization of GPS tracking devices within commercial vehicles has propelled the growth of the GPS equipment market. Commercial vehicles such as trucks, buses, hefty commercial vehicles, and construction vehicles make use of these GPS tracking devices for real-time monitoring and management. This allows companies to receive live updates, refine their routes, boost efficiency, enhance fuel efficacy, and more. With more businesses leveraging GPS tech for vehicle tracking, they gain a competitive advantage, leading to a superior customer experience. Thus, the employment of GPS gear in commercial vehicles serves as a primary driver for the expansion of the GPS equipment market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2793&type=smp
Which Emerging Trends Are Transforming the GPS Equipment Market in 2025?
GPS-integrated software has seen significant development recently. Utilizing sophisticated software can translate to accessing real-time information about specific locations. This improved software has led to enhanced mapping capabilities and increased integration with resources like Google Earth and predictive diagnosis. Take, for instance, US-based platform Trackem, which specializes in monitoring resources, supplies, job progress, and launched its newest GPS tracking platform version for clients in September 2022. The system features tools for tracking fuel bills, comprehensive fleet fuel use, mileage analysis, and driver scorecards. These scorecards for drivers simplify the process of identifying those who accelerate excessively or drive at high speeds, both actions contributing to higher fuel usage. This data could serve for disciplinary or educational functions. Comprehensive reports highlight many fleet areas that can be adjusted to optimize fuel economy. Moreover, the newly included Maintenance section aids fleet managers or company owners in keeping up-to-date and making necessary vehicle repairs to maximize fuel efficiency. The evolution of an advanced GPS tracker accentuates its acceptance and plays a significant role in the market's growth.
What Are the Key Segments in the GPS Equipment Market?
The GPS equipment market covered in this report is segmented -
1) By Product Type: Data Loggers, Data Pushers, Data Pullers, Covert GPS Trackers
2) By Application: Road, Aviation, Marine, Location-based services, Surveying And Mapping, Other Applications (Hospitality, Education, Retail, Agriculture, And Healthcare)
3) By End-Use Industry: Transportation And Logistics, Construction, Oil And Gas, Metals And Mining, Government, Other End-Use Industries
Subsegments:
1) By Data Loggers: Portable Data Loggers, Fixed Data Loggers
2) By Data Pushers: Real-Time GPS Trackers, Cellular Data Pushers
3) By Data Pullers: Request-Based Trackers, Remote Data Pullers
4) By Covert GPS Trackers: Battery-Powered Trackers, Hardwired Covert Trackers
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=2793&type=smp
Who Are the Key Players Shaping the GPS Equipment Market's Competitive Landscape?
Major companies operating in the GPS equipment market include Garmin Ltd., Sensata Technologies Inc., Trimble Navigation Limited, Jimi IoT, MiTAC Digital Technology Corporation (Navman), Eelink Communication Technology Limited, Queclink Wireless Solutions Co. Ltd., TomTom International BV, Geotab Inc., Teltonika UAB, Calamp Corporation, Sierra Wireless Inc., Mio Technology Corporation, Verizon, Orbocomm Inc., Concox Wireless Solution, Shenzhen Concox Information Technology Co. Ltd., ATrack Technology Inc., Meitrack Group, Trackimo LLC, Ruptela UAB, Xirgo Technologies Inc., Shenzhen Coban Electronics Co. Ltd., Maestro Wireless Solutions, Spy Tec Inc.
What Geographic Markets Are Powering Growth in the GPS Equipment Market?
Asia-Pacific was the largest region in the GPS equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global GPS equipment market share during the forecast period. The regions covered in the gps equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2793
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
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 2025 GPS Equipment Industry Trends Report: Long-Term Outlook Through 2034 here
News-ID: 4111355 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for GPS
Furthrive GPS Review: The Best GPS Collar of 2025
Losing a pet can be heartbreaking, and traditional fences do not always keep curious dogs or cats safe during walks, hikes or backyard play. Furthrive GPS changes that with a smart collar system that tracks location in real time and sets invisible boundaries to prevent escapes. This review breaks down how the device works, what pet owners gain from it, and whether it lives up to the promise of simple,…
GPS Market Potential Surge Evaluating GPS Market Growth Opportunities Ahead - 20 …
In recent years, the global GPS Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on GPS Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis,…
AirBolt GPS Tracker Reviews USA: Is AirBolt GPS Tracker The World's Smartest GPS …
AirBolt GPS Tracker Reviews USA: Is AirBolt GPS Tracker The World's Smartest GPS Tracker? All You Need To Know About AirBolt GPS Tracker Before You Buy.
Looking for a game-changer in the realm of GPS trackers? Enter the AirBolt GPS, a revolutionary device that transcends the limitations of traditional Bluetooth trackers and bulky GPS units. Boasting four years of dedicated refinement, AirBolt presents a masterpiece of technology that redefines tracking…
Global GPS Equipment Market | Global GPS Equipment Industry | Global GPS Equipme …
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 receiving…
Global GPS Equipment Market | Global GPS Equipment Industry | GPS Equipment Mark …
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 develop…
Global GPS Fleet Tracking System Market 2020 Industry Analysis by Manufacturers …
The market research report entitled Global GPS Fleet Tracking System Market 2020 by Company, Type and Application, Forecast to 2025 provides analysis on market conditions, trends, capability, key players, opportunities, and geographical analysis. The report proves to be an ultimate solution when it comes to a better understanding of the industry and leads the business growth. The report covers an overview of the segments and sub-segmentations including the product types,…
