Global GPS Tracking Device Market By Type (Standalone Tracker, OBD Device, Advance Tracker), Deployment Type (Commercial Vehicle, Cargo and Container, Others), GPS Tracking Device (Satellite, Cellular), Industry (Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global GPS Tracking Device Market

Global GPS tracking device market is to register a healthy CAGR of 12.10% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to the use of GPS in the business vehicle lower price and smaller size of the GPS system.

Market Definition: Global GPS Tracking Device Market

GPS tracking is basically an observation of the situation by the use of the Global Positioning System (GPS) to trace the position of an object distantly. The technology can locate latitude, line of longitude, course direction and ground speed of the target. The GPS may be a bunch of twenty-four aligned satellites that orbit the earth and create it a possibility for particular ground receivers to locate their geographic location. The location precision is in between 10 to 100 meter for the many types of equipment. The accuracy is often located inside one meter with distinctive defense-approved equipment.

Market Drivers:

Business vehicles increment capital to large supply of GPS system is a driving factor for the market growth

Small size, longer life and dominating ROI of GPS devices is enhancing the market growth

Lower prices of GPS devices is flourishing the market growth

Upgrading in the software is driving the market growth

Market Restraints:

Many environmental aspects leads to poor user experience acting as a restraint for the market growth

Impact of the non-standard products is hindering the market growth

Segmentation: Global GPS Tracking Device Market

By Type

Standalone Tracker

OBD Device

Advance Tracker

By Deployment Type

Commercial Vehicle

Cargo and Container

Others

By GPS Tracking Device

Cellular

Satellite

By Industry

Transportation & Logistics

Construction

Oil & Gas

Metals & Mining

Government

Others Education Retail Hospitality Agriculture Healthcare



By Geography

North America U.S. Canada Mexico

South America Brazil Argentina Rest of South America

Europe Germany France United Kingdom Italy Spain Russia Turkey Belgium Netherlands Switzerland Rest of Europe

Asia-Pacific Japan China South Korea India Australia Singapore Malaysia Indonesia Thailand Philippines Rest of Asia-Pacific

Middle East and Africa South Africa Egypt Saudi Arabia United Arab Emirates Israel Rest of Middle East and Africa



Key Developments in the Market

In July 2019, ATrack Technology Inc., which is a renowned manufacturer of GPS telematics products, introduced its new product namely AK7V. The AK7V is a vehicle tracking device that is comprises of advance features and is economical which appears to become impeccable for fleet management solution for the customers globally

In February 2019, GPS Trackit announced its acquisition of TSO Mobile, InTouch GPS, and FleetTrax. With this acquisition, the company aims in expanding its tracking solution portfolio. Additionally, the company would be able to triple its consumer base serving them with better products so as to meet their consumer’s need

Competitive Analysis

Global GPS tracking device market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of GPS tracking device market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Players

Few of the major competitors currently working in global GPS tracking device market are CalAmp, Sierra Wireless, ORBCOMM, Queclink Wireless Solutions Co ., Ltd., Concox Information Technology Co., Ltd. , Laird, TomTom International BV. , Meiligao GroupTELTONIKA, ATrack Technology Inc., Geotab Inc. , Spy Tec International, Rekvizitai.lt Lithuania, Lantronix, Inc, Xirgo Technologies., GPS Insight, ClearPathGPS, Inc, Azuga, Agile Fleet, US Fleet Tracking , ARIHANT ELECTRICALS, Shenzhen Eelink Communication Technology Co., Ltd., GPS SYSTEMS INDIA, AssetTrackr Pvt Ltd among others.

Research Methodology: Global GPS Tracking Device Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key market players involved in this industry

Detailed analysis of the market segmentation

Competitive analysis of the key players involved

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