PUBLISHER: Value Market Research | PRODUCT CODE: 1346823
PUBLISHER: Value Market Research | PRODUCT CODE: 1346823
The global demand for GPS Tracking Device Market is presumed to reach the market size of nearly USD 11.94 BN by 2030 from USD 4.01 BN in 2022 with a CAGR of 14.6% under the study period 2023 - 2030.
A GPS tracking device is a technology that uses the global positioning system to know the precise location of an object, vehicle, or person in real-time. These devices work by receiving signals from multiple GPS satellites orbiting the Earth and using the information from these signals to calculate the device's exact location, often in terms of latitude, longitude, and altitude.
The increase in businesses operating vehicle fleets, coupled with the need for enhanced vehicle security and regulatory compliance, has driven the demand for GPS tracking devices. These devices are utilized to optimize fleet operations, improve driver safety, and achieve cost savings through route optimization. The growth of e-commerce has further accelerated adoption, aiding in efficient delivery services. In the realm of personal use, GPS tracking devices have gained popularity for ensuring the safety of individuals, including children, the elderly, and pets. The rise of remote work has led to the monitoring of field employees, while broader trends like IoT and Industry 4.0 have integrated GPS devices into larger data-driven systems. Technological advancements in GPS technology, reduced device sizes, and improved accuracy have also contributed to market expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of gps tracking device. The growth and trends of gps tracking device industry provide a holistic approach to this study.
This section of the gps tracking device market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the GPS Tracking Device market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the GPS Tracking Device market include CalAmp Corp. (US), Orbcomm Inc (US), Sierra Wireless, Inc (Canada), Shenzhen Concox Information Technology Co., Ltd. (China), Queclink Wireless Solutions Co., Ltd. (China), Tom Tom International BV (Netherlands), Teltonika UAB (Lithuania), ATrack Technology Inc. (Taiwan), Ruptela (Lithuania), Sensata Technologies, Inc. (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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