GPS Tracking Device Market Growth is Accelerated by Revolutionary Steps Taken by Key Players –

GPS Tracking Device Market Size – USD 2.15 Billion in 2021, Market Growth – at a CAGR of 12.3%, Market Trends – Increasing sales of commercial vehicle

The Global GPS Tracking Device Market research report is a detailed document outlining the recent advancements and developments in the GPS Tracking Device business sphere considering 2019 as the base year as the forecast timeline. The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.

IoT is a very innovative concept that impacts all facets of lives. It is feasible to integrate GPS trackers, sensors, and even everyday items with electronics and network connectivity in order to make them smart. These embedded systems can connect to the cloud, be remotely controlled, and interact with one another. Despite the fact that GPS technology has been around for decades, the advent of IoT has altered the way GPS-based apps and devices are used. 

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The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.

The key companies studied in the report are:

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

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.

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Emergen Research has segmented the global GPS tracking device market on the basis of technology type, deployment type, end-use, and region:

  • 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

The report addresses the following key points:

  • The report estimates the expected market size from 2020-2027
  • The report provides a forecast of market drivers, restraints, and future opportunities for the GPS Tracking Device market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights

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