The Global Positioning System Tracking Devices Market accounted at USD 1.35 billion in 2016 and is estimated to grow with CAGR of 13.2% from 2017-2025. The study period is 2016 and in the forecasted period of 2017-2025. GPS tracking devices are used as real-time location data about a child, an adult, vehicles, and others that you may have, these devices are used identify the vehicle or person, that uses the GPS to observe and track its accurate location. The major factors such as low cost GPS tracking device, increasing use of trackers in commercial vehicles and long life of the GPS devices are boosting the growth of global market.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global GPS tracking devices market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global GPS tracking devices market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
Based on Types Insights: The global positioning system tracking devices market is segmented by various types in the global markets such as advance trackers, data loggers, covert GPS trackers and standalone trackers. Advance trackers is estimated to grow their market size with highest CAGR in forecasted period due to its demand in the market for its advanced features installed in devices are impacting the industry growth. Other types such as data loggers, covert GPS trackers and standalone trackers are expected to enlarge their market growth in forecasted period.
Based on Application Insights: The worldwide global positioning system tracking devices market is segmented by different applications in the global market such as aerospace & defence, transportation and logistics, mining, oil & gas, healthcare, etc. Transportation and logistics holds the largest share of GPS tracking device market in the whole world. It is estimated to grow at highest CAGR from its forecasted period due to its widely used in commercial vehicles such as trucks, trailer, buses, and light commercial vehicles for tracking systems. The GPS accompanies crucial capabilities to military, civil, and commercial user in aerospace and defence. Due to steep mountains and tunnels GPS signals may get absorbed so, it is quite hard to use GPS tracking devices in mining environment, although GPS tracking devices are used in varied vehicles such as truck and loaders in the mining industry.
The global GPS tracking devices market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Europe is dominating the GPS tracking devices market and is expected to hold its position in coming years. Owing to various events and conferences related to GPS tracking devices are linking the growth of European market.
Global Positioning System Tracking Devices Market Size, Share Analysis By Region 2017
Asia Pacific is emerging to be the fastest-growing market in GPS tracking device market during its forecast span. China has enormous developing market for GPS tracking devices market. Japan, India, Korea and other are playing significant role in emerging out with advanced technologies in the forecasted period. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.
Global Positioning System Tracking Devices Tracking Devices Market Size Study Objective
1. To forecast the market size of GPS tracking devices market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of GPS tracking devices market on the basis of region, substrate and application or end-use industry. To profile the major market players, and to analyse their market shares and essential competencies comprehensively.
3. To analyse and elaborate significant factors that will have major impact on the growth of GPS tracking devices market, such as drivers, restraints, challenges and opportunities.
4. Regional analysis of GPS tracking devices market to induce market size of five global major regions which includes Europe, North America, South America, Middle East & Africa and Asia Pacific.
5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.
6. To provide detailed analysis of competitive and strategic developments in the GPS tracking devices market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
The major key players in the globe driving the global GPS tracking devices market Calamp Corp., Sierra Wireless Inc., Orbocomm Inc., Quelink Wireless Solution Co. Ltd., Conox Wireless Solution Co. Ltd., Ruptela UAB, Laird Plc, Neomatica LLC, Teltonika UAB, Box Telematics Ltd., Geotab Inc., Meitrack Group, Tom Tom International Bv, Shezhen Conox Information Technology Co.
Global Positioning System Tracking Devices tracking devices market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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