According to the recent study the global GPS tracking device market is projected to reach an estimated $4 Billion by 2030 from $2 billion in 2023 at a CAGR of 10% from 2023 to 2030. 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 global 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 (commercial vehicles, cargo and containers, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
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 logistics 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.
Download sample by
clicking on GPS tracking
device market.
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, 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
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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