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GPS Tracking Device Market - Increased Accuracy Of GPS And Decreased In Cost Of GPS Sensor

GPS Tracking Device Market - Increased Accuracy Of GPS

Navigators and security systems have always been a necessity things of human’s life. The developments of advanced electronics have brought revolutionary changes in these fields. The GPS tracking devices are an electronic device used for tracking location of devices. Most of the tracking systems use GPS module to find out the device position. Many systems also combine communication components such as satellite transmitters to communicate the device location to a remote user. The design of the tracking system is divided into three parts that are basic design, intermediate design and advance design. The basic design of the GPS tracking system consists of a GSM module, a GPS module, a microcontroller (ATMEL), a relay circuit and a LCD. The user sends a message and the system responds to the user’s request by providing the coordinates of a location in accordance to the requirements of mobile phone users through the GPRS network. Further, the intermediate and advance design is an improvement of the basic design.

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Increased accuracy of GPS and decreased in cost of GPS sensor is one of the driver of the GPS tracking devices market during the forecast period. Increase in accuracy of GPS is one of the important factor driving the market for GPS tracking devices. GPS tracking devices provided accurate data which is more useful than raw data available. This raw data do not provide more information to take a decision. Further, decreased in cost of GPS sensor is another driver of the GPS tracking device market. Due to decrease in cost tracking device can be used in small scale economics activities and individual person can afford it. It can used by parent to track small children in the city.

Security and privacy concerns of person is one of the restraint of the GPS tacking devices market. In a number of cases, unauthorized data is obtained by service providers about geographic location of the consumer or the consumer’s vehicle. Another key restraint of the GPS tracking device market is loss of strategic data in case of cyber-attack. In cyber-attack, the attacker can get an opportunity to known key information relating geographical positioning of an individual.

The GPS tracking devices market can be segmented on the basis of type, deployment vehicle, industry and region. By type GPS tracking devices market can be further segmented as OBD device, standalone tracker & advance tracker. Key restraint for standalone GPS tracking devices is integrated GPS chips in mobile handsets. As mobile phone consists of multiple function along with tracking function and consumer preferred mobile phone over standalone GPS tracking devices as the used of smart phone is very more in developed and developing countries. Advance tracker is used in the commercial vehicles to provide basic data and engine diagnosis data. Engine diagnosis data information can used be to measure the performance of the vehicle in real time. Thus, the adoption of advance GPS trackers is more. By Deployment Vehicle it can be divided as Commercial Vehicle, Cargo & Container. By Industry segmented as Metals & Mining, Transportation & Logistics and Construction. Furthermore, the GPS tracking devices market can also be studied by regions into North America, Europe, Asia Pacific, Middle East & Africa and South America. Further, the discrete automation components are having highest growth rate in Asia Pacific region.

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Many players are involved in the GPS Tracking devices market with wider solution portfolio. Some of major players active in the global GPS tracking devices market include, Orbocomm Inc, Ltd, Calamp Corp, Concox Wireless Solution Co., Ltd., Geotab Inc. Meitrack Group, TomTom International BV, Teltonika UAB, Laird PLC, Trackimo LLC, ATrack Technology Inc,., and Sierra Wireless Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

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