GPS Tracking Device Market Size, Regional Outlook, Competitive Landscape, Revenue Analysis & Forecast

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The global GPS or global positioning system tracking device market size reached USD 2.15 Billion in 2021 and is expected to register a revenue CAGR of 12.3% during the forecast period, according to a latest analysis by Emergen Research. GPS tracking market revenue growth is driven by factors such as increasing demand for the Internet of Things (IoT) and cloud technology, increasing commercial vehicle sales, growing usage of digital maps, and advancements and upgrades of software used in GPS tracking devices. GPS technology has become an integral component of modern life, and GPS tracking is the core of every car monitoring system. The system consists of a network of satellites circling the Earth and gadgets that can determine the position of an object or a person. Today, GPS has a variety of applications, ranging from global military exercises to navigational directions for vehicles.

The Global GPS Tracking Device Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the GPS Tracking Device industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the GPS Tracking Device market along with crucial statistical data about the GPS Tracking Device market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.

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Key companies operating in the GPS Tracking Device market include:

CalAmp, ORBCOMM, Sierra Wireless, ATrack Technology Inc., Geotab Inc., Concox, Trackimo, Meitrack Group, RUPTELA, and Geoforce, Inc

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global GPS Tracking Device market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global GPS Tracking Device Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
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GPS Tracking Device Market Segmentation:

Technology Type Outlook (Revenue, USD Billion; 2019-2030)
Standalone Tracker
OBD Device
Advance Tracker
Deployment Type Outlook (Revenue, USD Billion; 2019-2030)
Commercial Vehicles  
Cargo & Containers
Others
End-Use Outlook (Revenue, USD Billion; 2019-2030)
Automotive
Aerospace & Defense
Healthcare
Transportation & Logistics
Others
 

GPS Tracking Device Market Segmentation by Regions:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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