We are monitoring the impact of COVID-19 on GPS Tracking Device Market Get in touch with us for detailed analysis Know More
Pulished Date February, 2020
ID: 9141
Share on
Share on

Global GPS Tracking Device Market by Type (Standalone Tracker, OBD Device, Advance Tracker), Tracking Device (Satellite, Cellular), End-User (Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Others), Geography – Industry Trends and Forecast to 2025

Pulished: February, 2020
ID: 9141
Pages: 150

GPS Tracking Device Market Size & Growth (2020 – 2025)

The GPS Tracking Device market is estimated to grow from USD 1.3 billion in 2020 to USD 2.9 billion by 2025, at a CAGR of 12.9% during the foreseen period. The study shows that the GPS Tracking Device market has high demand in different segments including transportations and IT and Telecommunication that offers real-time information about the vehicles, products, and person. These devices provide advanced GPS vehicle tracking options for businesses and customers, improving safety and security.

The GPS Tracking Device is often carried by a moving vehicle or individual which is employed to determine and track its present location. IoT and cloud technology are the most prominent factors driving this market. The modern technology in the GPS tracker that allows a covert GPS tracking device to be placed anywhere on the basis of size, range and dependability and being employed for surveillance. The standalone and advanced tracking devices are coming in employment along with it. These devices can be used for the business, government, and people to showcase real-time information based on national safety.

Global GPS Tracking Device Market Size (2020 - 2025)

Recent Developments and Trends 

  • City-based UniGPS Solutions introduced GPS tracking devices under the name 'UNI Suraksh'. The event showcased the launch of GPS Wearable Watches and Portable Tracking Devices. The product aims to minimize the security problems and threats such as kidnapping, by providing solutions utilizing the latest technologies in the wake of safety problems in the cab and other public places. 
  • Home-grown connected vehicle solutions provider Rollr has introduced Rollr Mini — a plug-and-play device that sends Live tracking, alerts and car health updates. Rollr is a subsidiary of auto components giant Samvardhana Motherson Group (SMG). With this launch, SMG has entered into the business-to-consumer (B2C) category from business-to-business (B2B) platform earlier. 
  • Globalstar Europe satellite services, a subsidiary of Globalstar providing satellite messaging and emergency notification technologies, revealed that its Spot X two-way satellite communications device is now available across Europe and North Africa. Spot X offers two-way (GPS) tracking and an SOS button that sends the user's GPS location to the GEOS International Emergency Response Coordination Centre (IERCC) over Globalstar's satellite network. The IERCC then transmits details to local first responders to dispatch help to the user's location.  

Report Scope:

REPORT METRIC

DETAILS

Market Size Available

2019 - 2025

Base Year

2019

Forecast Period

2020 - 2025

Segments Covered

By Type, Tracking Device, End-User, Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, APAC, Europe, Latin America, Middle East & Africa

Fastest Growing Market

Europe

Largest Market

North America

Drivers and Restraints:

The factors like low-cost GPS tracking devices, rising employment of these systems in commercial vehicles and the long life of the GPS device boost the expansion of the market. Moreover, the development in the technology and software is estimated to offer numerous opportunities for the market in the coming future. Furthermore, the installation of these devices does not incur very high expenses that further popularize these devices. The relatively low prices also make it easy for small- and medium-sized businesses to deploy these systems and enhance their efficiency. Therefore, the market has been growing its customer base over the years.

The critical reason that hampers demand for GPS devices is the accuracy of these devices in ascertaining the position of mobile objects. Nevertheless, the effect of nonstandard products and many environmental factors which result in poor user experience hamper the market expansion.  

Market Segmentation: 

By Type

  •  Standalone Tracker 
  •  OBD Device 
  •  Advance Tracker

The advance tracker is estimated to expand at the highest CAGR during the foreseen period. Advance tracker is professionally installed in vehicles, and cargo and container to not only show vehicle location but also share engine diagnosis and different parameters for temperature-controlled logistics.

By Tracking Device

  • Cellular
  • Satellite 

By Industry    

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

The transportation & logistics business accounted for the highest share of GPS tracking device market in the review period and is also estimated to expand at the highest CAGR during the foreseen period. The main reason for this leading position is the rising demand for connected vehicles in both passenger and freight transport. 

Regional Analysis:

Geographically, the global GPS tracking device industry is divided in the regions of North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America GPS tracking device market is one of the dominating industries across the globe and accounted for the highest market share in 2019. In North America, these devices are broadly employed to assist in monitoring anti-poaching patrols and track the location all the time, in commercial as well as for the personal uses. 

Europe GPS Tracking Device market is also showing a positive development owing to safety purpose and to also help in getting a real-time vehicle location updates, vehicle speeds, as well as an instant alert message to bad driver behaviors. Whereas, Asia-Pacific GPS Tracking Device market with countries such as China, Japan and South Korea is a growing industry. This local market has great potential for expansion of GPS tracking device business, particularly in countries such as China, Japan, etc.

Key Players:

Some of the key players presently operating in global GPS tracking device market include 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.

Global GPS Tracking Device Market Report (2020 - 2025)

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 GPS Tracking Device Market, By Type                              

                                6.1.1 Standalone Tracker             

                                6.1.2 OBD Device            

                                6.1.3 Advance Tracker   

                                6.1.4 Market Size Estimations & Forecasts (2019-2025)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 GPS Tracking Device Market, By Tracking Device                        

                                6.2.1 Satellite    

                                6.2.2 Cellular     

                                6.2.3 Market Size Estimations & Forecasts (2019-2025)   

                                6.2.4 Y-o-Y Growth Rate Analysis              

                                6.2.5 Market Attractiveness Index           

                6.3 GPS Tracking Device Market, By End-User                     

                                6.3.1 Transportation & Logistics

                                6.3.2 Construction          

                                6.3.3 Oil & Gas 

                                6.3.4 Metal & Mining     

                                6.3.5 Government          

                                6.3.6 Market Size Estimations & Forecasts (2019-2025)   

                                6.3.7 Y-o-Y Growth Rate Analysis              

                                6.3.8 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2019-2025)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Tracking Device              

                                7.2.4 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Tracking Device              

                                7.3.4 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Tracking Device              

                                7.4.4 By End-User           

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Tracking Device              

                                7.5.4 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Tracking Device              

                                7.6.4 By End-User           

8. Key Player Analysis                                    

                8.1 CalAmp                        

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Sierra Wireless                          

                8.3 Queclink Wireless Solutions Co., Ltd.               

                8.4 Concox Information Technology Co. Ltd.                        

                8.5 TomTom International BV                    

                8.6 ATrack Technology Inc.                          

                8.7 Geotab Inc.                

                8.8 Lantronix, Inc                             

                8.9 Xirgo Technologies                  

                8.10 Agile Fleet                

                8.11 Shenzhen Eelink Communication Technology Co., Ltd                            

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Type, By Application, By Distributional Channel and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Global GPS Tracking Device Market By Region, From 2020-2025 ( USD Billion )

Global GPS Tracking Device Market By Type, From 2020-2025 ( USD Billion )

Global Standalone Tracker Market By Region, From 2020-2025 ( USD Billion )

Global OBD Device Market By Region, From 2020-2025 ( USD Billion )

Global Advance Tracker Market By Region, From 2020-2025 ( USD Billion )

Global GPS Tracking Device Market By Tracking Device, From 2020-2025 ( USD Billion )

Global Satellite Market By Region, From 2020-2025 ( USD Billion )

Global Cellular Market By Region, From 2020-2025 ( USD Billion )

Global GPS Tracking Device Market By End-User, From 2020-2025 ( USD Billion )

Global Transportation & Logistics Market By Region, From 2020-2025 ( USD Billion )

Global Construction Market By Region, From 2020-2025 ( USD Billion )

Global Oil & Gas Market By Region, From 2020-2025 ( USD Billion )

Global Metal & Mining Market By Region, From 2020-2025 ( USD Billion )

Global Government Market By Region, From 2020-2025 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4575

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample