GPS Tracking Device Market Size, Major Players, Revenue Analysis, 2021–2032

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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 added by Emergen Research is an extensive study of the industry and includes a study of several factors that impact the growth of the market. The report is formulated by taking into consideration the government policies, market landscape, technologies, market risks, opportunities, and challenges faced by the market. The report further analyzes historical data, current and future market trends, recent technological developments, key competitors, and regional bifurcation.

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 Key Players operating in the industry are:

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

Radical Features of the GPS Tracking Device Market Report:

  • The report encompasses GPS Tracking Device market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
  • An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
  • Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
  • Supply chain analysis along with technological advancements offered in the report
  • The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the GPS Tracking Device industry

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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

Regional Analysis Covers:

  • 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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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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