North America to Hold the Highest Value Share in the Global GPS Tracker Market

The global market for GPS trackers is witnessing a tremendous growth due to emergence of new applications that use the GPS trackers system. The market is also expected to witness continued revenue growth in traditional applications such as preventing valuables from theft. However, non-standard products will always be a concern in this market due to poor quality involved in tracking.

According to new report published by Future Market Insights titled, “GPS Tracker Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),” revenue from the global GPS tracker market is likely to be valued at US$ 3,482.3 Mn in 2027, expanding at the CAGR of 8.4% during the projected period. This high revenue growth is attributed to traditional applications of GPS trackers as well as the evolution of new applications in the market and emergence of niche players in the market.

Obtain Report Details @
https://www.futuremarketinsights.com/reports/gps-tracker-market

Global GPS Tracker Market: Recommendations

Governments should focus on launching more satellites to improve the accuracy of navigation and location detection provided by GPS trackers

GPS Tracker manufacturers should focus on manufacturing high standard trackers and the non-standard trackers available in the market with poor quality should be banned

Awareness among population and businesses should be increased considering all the potential advantages provided by GPS trackers

For successful implementation of GPS Trackers in novel applications, proper R&D should be conducted

On the basis of type, the global GPS tracker market is segmented into standalone trackers, OBD trackers, and advance trackers. Although, advanced trackers segment is anticipated to exhibit high market attractiveness index over the forecast period, OBD trackers segment is expected to grab largest revenue share of 37.8% and 37% in 2017 and in 2027 respectively.

On the basis of industry, the global GPS tracker market is segmented into transportation and logistics, construction, government, defense, energy & utilities, healthcare, others (BFSI, Media and Entertainment, Telecom). In terms of value, Transportation and Logistics segment is projected to be the most attractive in the Global GPS Tracker market during the forecast period.

Seven regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA are included in this report. In terms of value, North America and APEJ are projected to be the most attractive regions in the Global GPS Tracker market during the forecast period.

Make an Enquiry @
https://www.futuremarketinsights.com/reports/sample/REP-GB-4723

Some of the key players operating in the global GPS trackers market are Calamp Corporation, Sierra Wireless, Inc., Tomtom International Bv, Xirgo Technologies, Inc., Queclink Wireless Solutions Co.,Spy Tec International Inc., ATrack Technology, Inc., Maestro Wireless Solutions Limited, Ruptela. Other players functioning in this market are- Laipac Technology Inc, Rocky Mountain Tracking Inc., Amcrest Technologies Llc.

Get ToC@
https://www.futuremarketinsights.com/reports/gps-tracker-market/toc

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly

Contact

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email:sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

This release was published on openPR.