GPS Tracking Device Market is expected to reach $2.4 Billion by 2025 – An exclusive market research report by Lucintel

GPS Tracking Device Market is expected to reach $2.4 Billion by 2025 - An exclusive market research report by Lucintel

Trends and Forecast for the Global GPS Tracking Device Market
Trends, opportunities and forecast in GPS tracking device market to 2024 by device type (standalone tracker, OBD device, and advance tracker), deployment type (commercial vehicle and cargo & container), end use industry (transportation & logistics, construction, oil & gas, metals & mining, and government), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW))

Lucintel’s latest market report analyzed that GPS tracking device provides attractive opportunities in transportation and logistics, construction, oil and gas, government, and metal & mining industries. The GPS tracking device market is expected to reach $2.4 billion by 2025 with a CAGR of 5%. In this market, commercial vehicle is the largest segment by development type, whereas standalone tracker is largest by device type.

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Based on deployment type, the GPS tracking device market is segmented into commercial vehicles, cargo and containers. The commercial vehicles segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to the increasing uses of GPS tracking devices in transportation and logistics end use industry and rise in adoption of intelligent transport systems.

Browse in-depth TOC on “GPS Tracking Device Market”

87 – Tables

87 – Figures

198 – Pages

The GPS tracking device market is marked by the presence of several big and small players. Some of the prominent players offering GPS tracking device include CalAmp Corporation, Orbcomm Inc., Sierra Wireless, ATrack Technology, Geotab, Concox Information, Trackimo, Meitrack Group, and Ruptela UAB.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link

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