According to the recent study the GPS tracking device market is projected to reach an estimated $4 Billion by 2030 at a CAGR of 10% from 2023 to 2028. Growth in this market is primarily driven by growth in the transportation and logistics industry and affordable price of GPS tracking devices.
Browse 88 figures/charts
and 79 tables in this 190-page report to understand trends, opportunities and
forecast in GPS tracking device market by end use industry (transportation and
logistics, construction, oil and gas, metal and mining, government, and
others), device type (standalone trackers, OBD devices, and advanced trackers),
deployment type (commercial vehicles, cargo and containers, and others), and
region (North America, Europe, Asia Pacific, and the Rest of the World).
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clicking on GPS tracking device market.
Lucintel forecasts that
GPS tracking device for the commercial vehicle market will remain the largest
segment and it is also expected to witness the highest growth over the forecast
period due to growth in commercial vehicle production and increasing uses of
GPS tracking devices in the transportation and logistic industry.
Within the GPS tracking device market,
transportation and logistics will remain the largest end use industry due to
increasing adoption of GPS tracking in the transportation and logistics sector
for real time fleet management and affordable price of GPS tracking
devices.
North America will remain the largest region
due to the increasing adoption of intelligent transport systems. APAC is
expected to witness the highest growth over the forecast period, supported by
increasing vehicle production and increasing trade activities.
CalAmp Corporation,
Orbcomm Inc., Sierra Wireless, ATrack Technology, Geotab, Concox Information,
Trackimo, Meitrack Group, and Ruptela UAB are the major suppliers in the GPS
tracking device market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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