The GPS Tracking Device Market report published by Stratview Research offers wide-ranging analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape, etc. This detailed study is a useful source of information for prominent market players, new entrants, investors, and stakeholders to gain a thorough understanding of the market and determine measures to be taken to gain a competitive advantage.
Some key takeaways from this report –
The report offers key drivers that trigger the growth in the GPS Tracking Device Market. The insights mentioned in this report helps market players in formulating strategies to gain market presence or to sustain during the hard times. The research also mentions restraints of the market. Critical data on growth opportunities, current and upcoming trends are mentioned to assist market players in taking further steps by determining the potential in untapped regions.
The research offers segment wise analysis of the GPS Tracking Device Market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.
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.
The following are the key players in the GPS Tracking Device Market–
- 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.
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