Market Highlights

The global GPS Tracker Market Size will contact USD 2.72 billion at a 14.42% CAGR in the conjecture time frame 2020-2027, states the most recent Market Research Future (MRFR) examination. A GPS tracker is a gadget utilized for following and deciding the current area. Individuals or moving vehicle generally utilizes this gadget to know the specific current area.

Different variables are fuelling the global GPS tracker market interest. According to the new MRFR market gauges, such factors remember the expanding need for armada the executives for strategies, developing requirement for cutting edge GPS trackers, and the developing attention to the various advantages of these trackers like worked on activity, route and following precision, and high similarity with cell phones, alongside evacuation of worker misrepresentation, better client care, the board of field faculty movement, and decreased work costs. The extra factors adding market development incorporate the appealing elements of GPS beacons, for example, notable armada data feed, constant update, mechanized cautions, announcing, and geofencing, expanding use in transport and government and protection, developing interest in satellite organization and LTE organization, long existence of the GPS gadget, and developing use in business vehicles.

Actually, the effect of the COVID-19 pandemic, absence of global principles in the creation of GPS beacons, thriving requirement for OBD dongles, security issues connected with armada the board framework, and network issues with GPS trackers might restrict the global GPS tracker market development over the conjecture time frame.

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Segmentation:

The MRFR report throws light on an inclusive segmental analysis of the global GPS tracker market network based on vertical, network, and type.

By type, the global GPS tracker market is segmented into advanced tracker, standalone tracker, and convert GPS tracker. Of these, the advanced tracker segment will lead the market over the forecast period.

By network, the global GPS tracker market is segmented into 2G, 3G, and LTE. Of these, the LTE segment will dominate the market over the forecast period.

By vertical, the global GPS tracker market is segmented into metals and mining, oil and gas, government and defense, transportation and logistics, healthcare, automotive and aerospace, and others. Of these, the transportation and logistics segment will spearhead the market over the forecast period.

Regional Analysis

By region, the global GPS tracker market covers the recent trends and growth opportunity across Europe, North America, the Asia Pacific (APAC), and Rest of the World (RoW). Of these, the APAC region will precede the market over the forecast period. Increase in strict government regulations, increase in vehicle production in India and China, rising popularity of automation, favorable government initiatives, expansion of the transport business, the presence of large number of manufacturing facilities, rising sales of commercial cars for transportation and logistics purposes, aging infrastructure, and the asset’s security and safety are adding to the global GPS tracker market growth in the region.

In Europe, the global GPS tracker market is predicted to have second-largest share over the forecast period. The presence of several key players, the region being an automotive manufacturing hub, various conferences and events related to GPS tracking device, and the growing need for GPS tracking devices are adding to the global GPS tracker market growth in the region.

In North America, the global GPS tracker market is predicted to have healthy growth over the forecast period. Increasing need for efficient fleet management by many logistics and transportation service providers in the US, high implementation by law enforcement agencies, growing demand for logistics and construction assets in Mexico, and growing adoption in the mining industry are adding to the global GPS tracker market growth in the region.

Key Players

The leading players profiled in the global GPS tracker market report include Atrack Technology Inc, Queclink Wireless Solutions Co. Ltd, Verizon Wireless, Spy Tech Inc, Sierra Wireless Inc, Concox Information Technology Co. Ltd, Calamp Corp, TomTom International BV, Sony Mobile Communications Inc, Laipac Technology Inc., and Orbocomm Inc., among others.

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Global GPS Tracker Market Research Report: By Type, (Covert GPS Tracker, Standalone Tracker, And Advanced Tracker), By Network, (LTE, 3G, and 2G), By Vertical, (Automotive & Aerospace, Healthcare, Transportation & Logistics, Government & Defense, Oil & Gas, Metals & Mining and Others) - Forecast to 2027

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