The Global GPS Tracking Device Market is estimated to reach $4.6 billion by the end of the year 2025. As per the market study, the GPS Tracking Device industry is estimated to grow at a CAGR of 12.2% during the forecast period 2019-2025.
Segmentation Overview of the Global GPS Tracking Device Market
The global GPS tracking device market has been segmented on the basis of end-users, type, and components. These major market segments are further categorized into various sub-segments to study the market in detail.
The Type Segment of the Global GPS Tracking Device Market is Sub-Segmented into:
Advance Tracker
Standalone Tracker
Covert GPS Tracker
Others
The Component Segment of the Global GPS Tracking Device Market is Sub-Segmented into:
Real-Time GPS Trackers
Personal GPS Trackers
GPS Loggers
Others
The End-User Segment of the Global GPS Tracking Device Market is Sub-Segmented into:
Automotive and aerospace
Hospitality
Industrial
Healthcare
Government and defense
Retail
Transportation=Education
Others
Geographical Overview of the GlobalGPS Tracking Device Market
The global GPS tracking device market is segmented on the basis of various geographical regions, such as:
North America (Canada, U.S. and Mexico)
Europe (Germany, France, UK, Italy, Spain, and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, South Korea and Rest of Asia Pacific)
LAMEA (Latin America, Middle East and Africa)
Competitive Insights of the Global GPS Tracking Device Market
The company profile section of the research report of the global GPS tracking devices market offers real-time market analysis through various sub-sections that include company overview, product portfolio, financial performance, business performance and SWOT analysis. The report includes study of the following companies:
Queclink Wireless Solutions Co., Ltd. (China)
Verizon Wireless (U.S)
Spy tech, Inc. (U.S)
Concox Information Technology Co., Ltd. (China)
Laipac Technology, Inc. (Canada)
Sierra Wireless Inc. (Canada)
Orbocomm Inc. (US)
Calamp Corp. (US)
Tomtom International Bv (Netherlands)
Atrack Technology Inc. (Taiwan)
Research Methodology
This market research report on the global GPS tracking devices market is a comprehensive market evaluation based on wide primary and secondary sources of information. The competitive scenario of the GPS tracking devices market is calculated by considering various factors that impacts the market. The thorough analysis of the of historical data and current trends of the market offers researchers a base to calculate the market size by considering various predictions and estimates. The research report used an analytical triangulation method to study the figures and numbers of the GPS tracking devices market through both top-down and bottom-up approaches.
Key Highlights of the Research Study
This market research study provides key insights related to market drivers, restraints, opportunities, challenges, market trends, regional outlook, new product launches, and key competitive strategies adopted by market players included in the report of the global GPS tracking devices market.
The research study profiles key market players of the global GPS tracking devices market on the basis of various parameters that include company overview, key developments, financial performance, competitive strategies, product portfolio, distribution strategies and geographical presence.
The market research report on the global GPS tracking devices market include study on various stakeholders present in the industry including suppliers, distributors, product manufacturers and investors, financial analysts, new entrants and research and consulting firms involved in the GPS tracking devices industry.
The key insights from the research report allow management authorities and marketers of companies to involve in key decision making considering the various factors such as marketing tactics, market expansion, technological up-gradation, governmental initiatives and future product launches among others.
