GPS Tracking Device Market - By Type (Standalone GPS, Advance Tracker, OBD Device), By Application (Vehicle Tracking, Asset Tracking, Personal Tracking), By End-use Industry, Forecast 2023

Description

List of Tables

GPS Tracking Device Market is estimated to grow at a CAGR of over 12.5% between 2023 and 2032. Businesses across logistics, transportation, and fleet management leverage GPS tracking devices to enhance operational efficiency, optimize routes, and monitor vehicle and asset locations with precision.

Continuous innovation in GPS technology, coupled with integrated features such as geofencing, predictive analytics, and IoT connectivity, enhances the functionality of these devices. Industries are adopting more sophisticated solutions that go beyond basic location monitoring, thus favoring market growth. In September 2023, Corpay1, a brand under FLEETCOR® and a global leader in business payments, announced the launch of Payments GPS, an owned tracking technology that enabled clients as well as partners to monitor payments in real-time.

The overall GPS tracking device market is divided based upon type, application, end-use industry, and region.

As per type, OBD device segment is slated to witness a significant growth through 2032 driven by its ability to seamlessly integrate into a vehicle's on-board diagnostics port. These devices not only provide accurate location data but also enable comprehensive vehicle diagnostics. The growing preference for these devices with the ease of installation will favor the product adoption.

The asset tracking application is estimated to generate high revenues for the market by 2032, as it offers more than location data. It provides comprehensive insights into asset utilization, ensuring efficient resource allocation and mitigating the risk of theft or loss. As industries increasingly prioritize the optimization of asset management, GPS tracking devices are being adopted widely.

North America GPS tracking device industry size will grow significantly between 2023 and 2032, owing to tech-savvy consumer base and early technology adoption in the region. The intricate supply chains inherent to e-commerce and other industries amplify the need for robust tracking solutions. Moreover, the rising concerns related to vehicle and cargo security, along with complex supply chains, and heightened security issues will stimulate the regional market growth.

Product Code: 6981

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation.
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources.
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 GPS tracking device market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Type trends
2.5 Application trends
2.6 End-use Industry trends

Chapter 3 GPS Tracking Device Market Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Rising Demand for Fleet Management
  - 3.10.1.2 Growing trend of IoT integration
  - 3.10.1.3 Increasing focus on vehicle security
  - 3.10.1.4 Rise in E-commerce and last-mile delivery
  - 3.10.1.5 Demand for GPS tracking devices for usage-based insurance
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Integration challenges
  - 3.10.2.2 Data security concerns
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 CalAmp Corp.
- 4.3.2 Orbocomm Inc.
- 4.3.3 Sierra Wireless, Inc.
- 4.3.4 Queclink Wireless Solutions Co., Ltd.
- 4.3.5 Shenzhen Jimi IoT Co., Ltd
- 4.3.6 TomTom International BV
- 4.3.7 Teltonika
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 GPS Tracking Device Market, By Type (USD Millions)

5.1 Key trends, by technology.
5.2 Standalone GPS
5.3 Advance tracker
5.4 OBD device

Chapter 6 GPS Tracking Device Market, By Application (USD Millions)

6.1 Key trends, by application
6.2 Vehicle tracking
- 6.2.1 Fleet management
- 6.2.2 Car rental services
- 6.2.3 Stolen vehicle recovery
6.3 Asset tracking
- 6.3.1 Equipment and machinery
- 6.3.2 Cargo and freight
6.4 Personal tracking
- 6.4.1 Elderly and patient safety
- 6.4.2 Fitness and sports
- 6.4.3 Pet tracking

Chapter 7 GPS Tracking Device Market, By End-use Industry (USD Million)

7.1 Key trends, by end-use industry
7.2 Transportation & logistics
7.3 Metal & mining
7.4 Construction & heavy equipment
7.5 Retail & e-commerce
7.6 Healthcare
7.7 Others

Chapter 8 GPS tracking device Market, By Region (USD Millions)

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Singapore
- 8.4.7 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Arusnavi
9.2 ATrack Technology Inc.
9.3 Calamp Corporation
9.4 Geotab Inc.
9.5 Hexagon AB
9.6 Meitrack Group
9.7 Navtelecom LLC
9.8 Orbocomm Inc.
9.9 Queclink Wireless Solutions Co., Ltd.
9.10 Ruptela
9.11 Shenzhen Jimi IoT Co., Ltd
9.12 Sierra Wireless
9.13 Teltonika
9.14 TomTom International BV
9.15 Trackimo Inc