GPS Tracking Device Market Overview:
By 2030, the market for GPS tracking devices is anticipated to grow
at a CAGR of 12.90%, totaling USD 6.2 billion. During the anticipated period,
the market's growth is anticipated to be supported by rising sales of
GPS-enabled automobiles and increasing smartphone penetration. The market for
global positioning systems is also expected to rise as a result of the rising
social media usage in developing nations and the high volume of component
manufacturer and integrator mergers and acquisitions.
The increasing demand for IoT and cloud technology
and the increasing commercial vehicle sales are two of the main driving forces
behind this booming market.
Click Here to Get Sample Premium Report @
https://www.marketresearchfuture.com/sample_request/3317
Key Players:
Key Companies in the GPS
Tracking Device market include,
- Verizon Wireless (U.S)
- Concox Information Technology Co. Ltd. (China)
- Calamp Corp. (US)
- Orbocomm Inc. (US)
- Sierra Wireless Inc. (Canada)
- Atrack Technology Inc. (Taiwan)
- Tomtom International Bv ( Neitherland)
- Spy tech Inc. (U.S)
- Queclink Wireless Solutions Co. Ltd.
- Laipac Technology Inc. (Canada)
Regional analysis:
The Global GPS Tracking Device Market is broadly
distributed over numerous regions of the world based on geographical
classification. North America, Europe, Asia-Pacific, and the Rest of the World
are a few of the top-performing geographical areas.
Out of all the regions, North America is held
responsible for creating the largest GPS tracking device market share in the
previous predicted years. In that area, there is a strong need for GPS car
tracking devices. Due to significant government military spending (about 4.0%
of each country's GDP annually) and widespread smartphone use in the area,
North America led the world in 2017. The region's smartphone adoption rate,
which was roughly 64.0% in 2017, is driving the rising demand for
location-based services.
However, Asia Pacific is anticipated to develop at
the fastest rate throughout the forecast period due to an increase in
smartphone users, a rise in broadband adoption, and significant expenditures in
network infrastructure. Additionally, the expansion of the social media user
base and the rise in GPS-enabled applications that allow users to broadcast
their real-time whereabouts are predicted to fuel regional market expansion
throughout the projected period.
Market Segmentation:
The GPS Tracking Device Market is ideally
categorized into 3 parts based on type, components and end user. The
segmentation based on type is further sub-categorized into Covert Gps Trackers,
Standalone Tracker, and Advance Tracker sections. The components-based segment
is further divided into Gps Loggers, Personal Gps Trackers, and Real Time Gps
Trackers sections. Whereas the end-user based market is further divided into
Automotive And Aerospace, Healthcare, Transportation, Government And Defense
categories.
Download Sample PDF Copy of this Report to
understand structure of the complete report (Including Full TOC, Table &
Figures) @
https://www.marketresearchfuture.com/reports/gps-tracking-device-market-3317
For instance, in order to supply fleet management
solutions to transportation businesses, Trimble Inc. purchased Veltec, a fleet
management provider with headquarters in Brazil, in October 2018. To expand the
market footprint and overall profitability, the acquisition was made. Similar
to this, Hexagon AB introduced the PIM7500 GNSS receiver in May 2018 which
incorporates AI technology. It is specifically made for driverless buses,
delivering highly accurate vehicle locations.
Related Reports:
Translation Service Market Size, Share,
Industry Growth 2032
Enterprise Software Market Report, Growth
Prediction 2032
Edutainment Market Share, Report Analysis
2032
Intelligent Document Processing Market Industry
Growth, Trends 2032
Racing Games Market Size, Forecast 2032
About Market Research Future:
Market Research Future (MRFR) is a global market
research company that takes pride in its services, offering a complete and
accurate analysis regarding diverse markets and consumers worldwide. Market
Research Future has the distinguished objective of providing the optimal
quality research and granular research to clients. Our market research studies
by products, services, technologies, applications, end users, and market
players for global, regional, and country level market segments, enable our
clients to see more, know more, and do more, which help answer your most
important questions.
Also, we are launching "Wantstats"
the premier statistics portal for market data in comprehensive charts and stats
format, providing forecasts, regional and segment analysis. Stay informed and
make data-driven decisions with Wantstats.
Contact:
Market Research Future (Part of Wantstats Research
and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)s
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
