GPS Tracking Device Market Growth Trends With Detailed Forecast To 2023-2029

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GPS Tracking Device Market is expected to grow at a CAGR of 11.8% during the forecast period and market is expected to reach US$ 4.43 Bn. by 2029.

GPS Tracking Device Market Overview:

A new report from the international market research company Maximize Market Research highlights the significant growth prospects for GPS Tracking Device market suppliers through 2029. Together with a list of important players and their business strategies, the report covers the global GPS Tracking Device market’s growth drivers, significant constraints, impending challenges, and current opportunities.

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GPS Tracking Device Market Report Scope and Research Methodology:

People are becoming more likely to use GPS tracking devices because they can be purchased for a fair price. Using cellular (GPRS or SMS), radio, or an integrated satellite modem, the location of a moving vehicle or person can be recorded and shared with other people who are online. In order to receive the GPS signal, the GPS tracker has a GPS module. The most recent trend in this industry is the rise in commercial vehicles, which has fueled the growth of GPS units because of their portability and small size. 

GPS Tracking Device Market Dynamics: 

Since the beginning, the transportation sector has been the primary user of these products. GPS tracking systems are installed in fleets of cars, trucks, buses, and freight. The installation of these devices throughout public transportation networks is an additional significant factor driving demand. Governments all over the world are adopting these devices because they want to make public services more useful. 

GPS Tracking Device Market Regional Insights

The report includes a region-wise detailed analysis of the GPS Tracking Device Market market including market dynamics, regional market structure and key players in each region. The regions are North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa.

GPS Tracking Device Market Segmentation: 

by GPS Tracking Device


by Type

Standalone Tracker
OBD Device
Advance Tracker

by Deployment Type

Commercial Vehicle
Cargo & Container

by Industry

Transportation & Logistics
Oil & Gas
Metals & Mining

GPS Tracking Device Market Key Players: 

1. Laird PLC
2. Calamp Corp
3. Teltonika UAB
4. Concox Wireless Solutions Co., Ltd.
5. TomTom International BV
6. Sierra Wireless Inc.
7. Geotab Inc.
8. Meitrack Group
9. ATrack Technology Inc.
10. Orbocomm Inc, Ltd.
11. Trackimo LLC
12. Queclink Wireless Solutions Co., Ltd.
13. Meiligao GroupTELTONIKA
14. Spy Tec International
15. Lithuania
16. Lantronix, Inc
17. Xirgo Technologies.
18. GPS Insight
19. ClearPathGPS, Inc

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Key Questions answered in the GPS Tracking Device Market Report are:

  • What is the projected size of the GPS Tracking Device market by the year 2029?
  • How are the primary segments within the global GPS Tracking Device market expected to evolve throughout the forecast period?
  • Who are the leading suppliers and producers in the GPS Tracking Device industry?
  • What is the estimated GPS Tracking Device market size at the end of the forecast period?
  • Which regional market boasted the largest share of the GPS Tracking Device market in the base year (2022)?
  • Who are the pivotal players within the GPS Tracking Device industry?
  • What are the identifiable segments within the GPS Tracking Device market?
  • Among the GPS Tracking Device market segments, which one is anticipated to exhibit substantial growth during the forecast period?

Key Offerings:

  • Historical Overview of Market Size and Competitive Landscape (2018 to 2022)
  • Historical Pricing and Price Trends Across Regions (2018 to 2022)
  • Market Size, Share, and Forecast for Various Segments (2023−2029)
  • Market Dynamics: Examination of Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Comprehensive Market Segmentation: In-depth Analysis by Application, Technology, Type, End-User, and Region
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value Chain and Supply Chain Analysis
  • Legal Aspects of Business Across Regions
  • Identification of Lucrative Business Opportunities through SWOT Analysis
  • Recommendations for Strategic Decision-making

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About Maximize Market Research:

Professionals from various industries work for Maximize Market Research, a multifaceted market research and consulting company. We cover a wide range of industries, including those that produce pharmaceuticals, scientific and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, general merchandise, beverages, personal care, and chemical products and substances. We offer a variety of services, including competitive analysis, production and demand analysis, client impact studies, technical trend analysis, critical market research, market-verified industry estimations, and strategic advice.

Contact Maximize Market Research:

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Pune, Maharashtra 411041, India

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+91 96071 95908, +91 9607365656

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