Stratview Research announces the launch of a new market research report on GPS Tracking Device Market Segmented by Device Type (Standalone Tracker, OBD Device, and Advance Tracker), by Deployment Type (Commercial Vehicle, Cargo & Container, and Others), by End-Use Industry Type (Transportation & Logistics, Metals & Mining, Construction, Oil & Gas, Government, and Others), by GPS Tracking Device Type (Satellite, Cellular), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Size, Share, Trend, Forecast, & Industry Analysis: 2020-2025.
This detailed report provides a complete analysis that reflects today’s GPS Tracking Device Market realities and future possibilities, with a forecast period of 5 years.
The report segmentation evaluates the market to deliver a bird’s-eye view to the users. The essential data/information offered in the report can be vital for the market participants to formulate new growth strategies and for staying ahead of the pack.
This report offers detailed overview of the GPS Tracking Device Market along with the industry life cycle analysis, supply chain analysis, Growth drivers and constraints, market trend and forecast analysis, competitive landscape and dynamics, associated growth opportunities and key success factors.
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Stratview Research specifically relies on two types of research methodology –
- Primary research interviews to get the strategic insights on the market, directly from the industry experts.
- Secondary research to acquire necessary information for this study. Stratview Research leverages more than 1,000 secondary sources, such as company websites, press releases, white papers, and annual reports and constantly validates through its internal records for authenticity.
GPS Tracking Device Market Share: By Device Type
Based on the device type, the market is segmented as standalone tracker, OBD device, and advance tracker. The advance tracker segment is likely to be the fastest-growing segment during the forecast period. Installed in vehicles and cargo & containers, advance tracker not only helps in tracking vehicle location but also helps in engine diagnosis.
GPS Tracking Device Market Share: By Deployment Type
Based on the deployment type, the GPS tracking device market is segmented as commercial vehicle, cargo & containers, and others. The commercial vehicle segment held the largest share of the market in 2019, due to its extensive use in the transportation industry. The segment is expected to maintain its legacy during the forecast period as well.
GPS Tracking Device Market Share: By End-Use Industry Type
Based on the end-use industry type, the market is segmented as transportation & logistics, metals & mining, construction, oil & gas, government, and others. The transportation & logistics segment is the largest as well as the fastest-growing industry in the GPS tracking device market, driven by its extensive use in a large number of commercial vehicles.
GPS Tracking Device Market Share: By Region
In terms of regions, Europe held the largest share of the market in 2019, and is estimated to continue its leading position during the forecast period as it is the automotive manufacturing hub. On the other hand, Asia-Pacific is likely to grow at the highest CAGR during the forecast period, with China and India as the major countries offering lucrative growth opportunities. North America is also expected to offer considerable growth opportunities in the coming five years.
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The report discusses current key players in the GPS Tracking Device Market on the basis of intensive research. According to the experts, the market has the following key players-
- ATrack Technology Inc.
- Calamp, Corp.
- Laird plc.
- Meitrack Group
- Orbocomm Inc
- Queclink Wireless Solutions Co, Ltd
- Shenzhen Concox Information Technology Co
- Sierra Wireless Inc.
- Teltonika UAB
- Trackimo LLC.
Report Customization Options
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Why invest in this report?
The report covers 360-degree angle of the GPS Tracking Device Market and answers the following critical questions –
- What are the key trends in the GPS Tracking Device Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the GPS Tracking Device Market?
- What are the key strategies adopted by the major vendors to lead in the GPS Tracking Device Market?
- What is the market share of the top vendors?
Stratview Research is a global market research company helping its clients’ tract the ever-evolving market scenarios through its market reports. The reports offered here are gathered by market experts with the help of reliable secondary sources and primary interviews with the key players in the market. These reports help the user stay ahead of the curve. It helps the users understand the current and future market trends and challenges on the way.
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