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Global GPS tracking device market to reach at the highest CAGR of 13.0% to 2024 insights shared in detailed report

Global GPS tracking device market to reach at the highest CAGR of 13.0% to 2024 insights shared in detailed report

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.

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A Comprehensive Analysis of the “Global GPS Tracking Device Market” is been done in this intelligence report. It includes the investigations done on the past progress, on going market scenarios, and future prospects.

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.

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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

This report consists of below pages:

No of pages : 350 No of Figures: 60 No of Tables: 220

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Competitive Analysis: 

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.

The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.

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Major Market Drivers and Restraints:

  • 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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Market Segmentation: 

On the basis of type

  • Standalone Tracker,
  • PBD Device,
  • Advance Tracker.

On the basis of deployment type:-

  • Commercial Vehicle,
  • Cargo
  • Container,
  • Others.

On the basis of application:-

  • Transportation & Logistics,
  • Construction,
  • Oil & Gas,
  • Metals & Mining,
  • Government,
  • Others.

On the basis of geography:-

  • North America
  • South America,
  • Europe,
  • Asia-Pacific,
  • Middle East & Africa. 

Major Market Competitors: 

  • Calamp 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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