Global GPS Tracking Device Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Market Research Future says that the global GPS tracking device market’s revenue will reach USD$ 2.53 Billion in the coming years, mainly by 2023. Such a significant growth is likely to take place at 11.9% of CAGR during the forecast period 2017 to 2023.
The well-known vital players in the GPS Tracking Device system Market are listed as –
Tomtom International Bv (Netherland), Spy tech, Inc. (U.S), Verizon Wireless (U.S), Atrack Technology Inc. (Taiwan), Orbocomm Inc. (US), Concox Information Technology Co., Ltd. (China), Calamp Corp. (US), Laipac Technology, Inc. (Canada), Sierra Wireless Inc. (Canada) and Queclink Wireless Solutions Co., Ltd. (China) and to name a few.
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Market Key Trends & Challenges
The experts from the Market Research Future reveal that the market for GPS Tracking Devices is reflecting a steady growth as GPS tracking is high on its potentials. The future of GPS tracking is bright, which is one of the essential factors boosting the market’s growth. GPS tracking devices are generally carried by moving vehicles, which helps in detecting the location. The other main factor streaming the market for GPS tracking devices is the introduction of IoT and cloud technology. Such technology has advanced the GPS tracker with the ability to convert by placing devices anywhere as per size, range and dependability.
Apart from this, for surveillance, the standalone and advanced tracking devices are becoming more popular mainly for business, government, and individuals to display real-time information in concern with National Safety. These factors have also been causative for the market’s growth for the forecast period.
On the other hand, the study indicates that the GPS Tracking Device market has witnessed a considerable demand in assorted sectors such as transportations and IT and Telecommunication sector that offers the real-time information about the vehicles, products and individual. Also, the effortless installation of these devices at affordable costs has become a brainstorming factor that has motivated the market to expand with growing demand all over the world.
Furthermore, the GPS tracking system primarily uses radio, satellite, or cellular modems that are attached along with the devices, so that the devices with GPS enabled can be used to track mobile objects easily and frequently. The location of the device additionally uses geometric coordinates so that it can position the object on the map accurately. All these factors are equally as well as significantly influencing the global GPS tracking devices market to expand considerably during the forecast period.
- Raw material providers
- Supplier of GPS tracking devices
- GPS antenna supplier
- Distributors and traders
- Semiconductor product designers
- Software and service providers
- GNSS/GPS IC supplier
- GNSS module supplier
- Semiconductor product designers
- Technology investors
- Research institutes,
- System Integrators
- Research/Consultancy firms
Segmentation of Market
Type, component, and end-user are the segments that are being studied in the GPS Tracking Device Market.
The market by type includes covert standalone tracker, GPS trackers, advance tracker, and more, wherein the advance tracker market might display a sharp growth rate during the assessment period. The advance trackers are also installed in commercial vehicles that offer performance-related information about the vehicles and give data regarding engine diagnosis.
The market by component segment includes personal real-time GPS trackers, GPS trackers, GPS loggers, and others.
The market by the end-users segment includes industrial, education, healthcare, automotive and aerospace, retail, government and defense, transportation, hospitality, and others. Among these, the transportation sector has the possibility to display a rapid growth rate and occupies the largest market share in the GPS tracking device market.
Top Regional Drivers
Topographically, the global GPS tracking device market is also studied among the key regions of North America, Europe, Asia Pacific, and Rest-of-the-World (RoW).
Among these, the region of North America has witnessed to be the leading region which has the highest market share. In this region, over two million people have been using GPS Personal Emergency Response Systems with the rising demand for personal safety. GPS tracking devices are also known for monitoring anti-poaching patrol cars and track their location for personal as well as commercial purposes in this region.
Meanwhile, Europe is also screening a positive growth rate in the graph in this market due to safety purposes and tracking real-time vehicle location and speed updates.
While this market has a massive potential growth, countries in the Asia Pacific such as South Korea, Japan, and China, can contribute to high market revenue in the foreseeable years.
Study Objectives of GPS Tracking Device System Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the GPS Tracking Device system market.
- To provide insights about factors affecting the market growth.
- To analyze the GPS Tracking Device system market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment on the basis of display type, components, end -users and region.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the GPS Tracking Device system
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Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure:
1.3.1 Global Gps Tracking Device Market: by Type
1.3.2 Global Gps Tracking Device Market: by Components
1.3.3 Global Gps Tracking Device Market: by End User
1.3.4 Global Gps Tracking Device Market: by Region
2 Research Methodology
2.1 Research Components
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
3 Market Dynamics
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
4 Executive Summary
5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
List of Tables
Table 1 Gps Tracking Device Market, by Type
Table 2 Gps Tracking Device Market, by Components
Table 3 Gps Tracking Device Market, by End-user
Table 4 Gps Tracking Device Market, by Regions
Table 5 North America Gps Tracking Device Market, by Type
Table 6 North America Gps Tracking Device Market, by Components
Table 7 North America Gps Tracking Device Market, by End User
Table 8 North America Gps Tracking Device Market, by Region
List of Figures
Figure 1 Research Methodology
Figure 2 Gps Tracking Device Market: by Type (%)
Figure 3 Gps Tracking Device Market: by Components (%)
Figure 4 Gps Tracking Device Market: by End-user (%)
Figure 5 Gps Tracking Device Market: by Region (%)
Figure 6 North America Gps Tracking Device Market, by Type (%)
Figure 7 North America Gps Tracking Device Market, by Components (%)
Figure 8 North America Gps Tracking Device Market, by End-user (%)
Figure 9 North America Gps Tracking Device Market, by Region (%)
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