GPS Tracking Device Market: Global Industry Analysis and Forecast 2021-2026
April 12, 2022
Stratview Research published a new report titled The GPS Tracking Device Market is Segmented by Device Type (Standalone Tracker, OBD Device, and Advance Tracker), by Deployment Type (Commercial Vehicle, Cargo & Container, and Others), by End-Use Industry Type (Transportation & Logistics, Metals & Mining, Construction, Oil & Gas, Government, and Others), by GPS Tracking Device Type (Satellite, Cellular), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The report published by Stratview Research covers exclusive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides an in-depth analysis of the market segments that includes products, applications, services, and competitor analysis, etc.
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Key players
Some of the key companies that are profiled in this report are:
- ATrack Technology Inc.
- Calamp, Corp.
- Laird plc.
- Meitrack Group
- Orbocomm Inc
- Queclink Wireless Solutions Co, Ltd
- Shenzhen Concox Information Technology Co
- Sierra Wireless Inc.
- Teltonika UAB
- Trackimo LLC.
The ‘GPS Tracking Device Market’ report delivers a close watch on the active competitors, pricing analysis and a thorough overview of the market situations in the forecast period. It is a detailed report gathered from in-depth primary and secondary drivers, market shares, market segments, and geographical analysis.
Key Benefits for Industry players and new entrants:
The report delivers several insights into the GPS Tracking Device Market that benefits the current industry players as well as those who are planning to enter the market. Below given are few benefits offered in the report-
- Market drivers, restraints, and challenges highlighted in the report
- Recent industry trends and developments are mentioned
- Neutral perspective on the market performance related to shares, supply and chain, etc.
- Competitive landscape & growth strategies of key players
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the GPS Tracking Device Market
- Overview of the regional outlook of the market.
- The market structure, historical data and forecasts for the coming years.
- Developments and trends in the market.
Segment-wise analysis
Based on the device type, the market is segmented as standalone tracker, OBD device, and advance tracker. The advance tracker segment is likely to be the fastest-growing segment during the forecast period. Installed in vehicles and cargo & containers, advance tracker not only helps in tracking vehicle location but also helps in engine diagnosis.
Based on the deployment type, the GPS tracking device market is segmented as commercial vehicle, cargo & containers, and others. The commercial vehicle segment held the largest share of the market in 2019, due to its extensive use in the transportation industry. The segment is expected to maintain its legacy during the forecast period as well.
Based on the end-use industry type, the market is segmented as transportation & logistics, metals & mining, construction, oil & gas, government, and others. The transportation & logistics segment is the largest as well as the fastest-growing industry in the GPS tracking device market, driven by its extensive use in a large number of commercial vehicles.
In terms of regions, Europe held the largest share of the market in 2019, and is estimated to continue its leading position during the forecast period as it is the automotive manufacturing hub. On the other hand, Asia-Pacific is likely to grow at the highest CAGR during the forecast period, with China and India as the major countries offering lucrative growth opportunities. North America is also expected to offer considerable growth opportunities in the coming five years.
The GPS Tracking Device Market report can help the users in developing an understanding of the current market dynamics, supply chain analysis, pricing trends, product preferences, target audience & more.
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