PUBLISHER: Grand View Research | PRODUCT CODE: 1771537
PUBLISHER: Grand View Research | PRODUCT CODE: 1771537
GPS Tracker Market Summary
The global GPS tracker market size was estimated at USD 4.04 billion in 2024 and is projected to reach USD 9.83 billion by 2030, growing at a CAGR of 17.4% from 2025 to 2030, driven by technological advancements, increased demand for asset tracking, and growing concerns around security and safety. One of the primary growth drivers is the increasing adoption of GPS tracking systems in logistics and transportation.
One of the primary growth drivers is the increasing adoption of GPS tracking systems in logistics and transportation. As supply chain visibility becomes a priority, companies leverage GPS trackers to monitor fleets, improve delivery accuracy, and reduce fuel consumption. This is especially relevant in industries where timely delivery and operational efficiency are critical. The rising adoption of e-commerce has further accelerated the need for real-time shipment tracking, pushing logistics providers to invest heavily in GPS tracking solutions. Moreover, businesses across sectors such as construction, mining, and agriculture are implementing GPS tracking to monitor equipment usage, reduce downtime, and prevent theft. Integrating GPS with other technologies like AI, big data, and cloud computing enables predictive maintenance and advanced analytics, adding further value to GPS solutions. As regulatory compliance and environmental concerns grow, companies also turn to GPS tracking to optimize routes and reduce emissions, supporting sustainability goals. These diverse applications and innovations continue making GPS trackers indispensable across multiple industries, sustaining their global market expansion.
GPS trackers are widely used for vehicle theft prevention, monitoring high-value cargo, and ensuring the safety of individuals, such as children, elderly family members, and employees working in remote locations. The integration of advanced technologies such as IoT, AI, and cloud computing has enhanced the functionality of GPS tracking devices, making them more reliable and accessible. This technological evolution has also led to the development of compact, affordable, and user-friendly tracking solutions, broadening their appeal to commercial and consumer markets. For instance, in June 2024, Monimoto, a Lithuanian tech firm, launched the Monimoto 9, a next-gen GPS tracker designed to protect motorcycles, ATVs, trailers, boat engines, and more. The device is built for rugged outdoor use and has a compact, water- and dust-resistant design. It includes a rechargeable battery that lasts up to 12 months, offering reliable, long-term asset protection.
The agricultural sector is undergoing a significant transformation with the integration of digital technologies, particularly precision farming, which is emerging as a major growth driver for the global GPS tracker industry. Precision agriculture involves using advanced tools and technologies to monitor and optimize field-level management regarding crop farming. Among these tools, GPS tracking systems play a central role by enabling real-time location data, geofencing, and route optimization, contributing to smarter, data-driven farm decision-making. GPS trackers are increasingly being adopted to guide autonomous or semi-autonomous agricultural machinery such as tractors, harvesters, and sprayers. This allows for highly accurate field navigation, which minimizes overlap, reduces fuel consumption, and optimizes input usage such as seeds, fertilizers, and pesticides.
Global GPS Tracker Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the GPS tracker market report based on type, component, application, end use, and region: