Global GPS Tracking Device Market By Type (Standalone Tracker, PBD Device, Advance Tracker) By Deployment type (Commercial Vehicle, Cargo and Container, Others), By Application (Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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The Global GPS Tracking Device Market accounted to USD 1.5 billion in 2016 growing at a CAGR of 13.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
This report consists of below pages:
- No of pages : 350
- No of Figures: 60
- No of Tables:250
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Global GPS Tracking Device Market Key Drivers:
- Commercial Vehicles increment leading to large supply of GPS system
- Smaller Size, Longer Life, and High ROI
- Low Prices
- Several Environmental Factors Leads to Poor User Experience
- Advancement in the Software
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On the basis of type the GPS tracking device marketis segmented into Standalone Tracker, PBD Device, and Advance Tracker.
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The advance tracker market is expected to grow in the forecasted period.
On the basis of deployment type the GPS tracking device market is segmented into Commercial Vehicle, Cargo and Container, Others.The commercial vehicle market is expected to grow in the forecasted period.
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On the basis of application the GPS tracking device market is segmented into Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Others.The transportation and logistic market is expected to grow in the forecasted period.
On the basis of geography, GPS tracking device marketreport covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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GPS Tracking Device Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
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Some of the major players operating in this market are
Some of the major players operating in GPS tracking device market areCalamp Corporation, Sierra Wireless, Inc., Orbocomm Inc.,Queclink Wireless Solutions Co., Ltd, Shenzhen Concox Information Technology Co., Ltd, Laird PLC., Tomtom International Bv,MeitrackGroup,Teltonika UAB,Atrack Technology Inc.,Trackimo LLC,Geotab Inc., Shenzhen Coban Electronics Co., Ltd,Xirgo Technologies, Inc., Maestro Wireless Solutions Ltd.,Ruptela UAB, Spy tech, Inc., Verizon Wireless among others. In 2017, Volkswagen sign a deal with Sierra wireless Inc. to use the GPS tracking devices in their cars.
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