GPS Tracking Device Global Market Report 2024

Description

“GPS Tracking Device Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on gaps tracking device market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for gaps tracking device? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The gaps tracking device market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Standalone Trackers; OBD Devices; Advance Trackers
2) By Deployment: Commercial Vehicles; Cargo And Containers
3) By Application: Automotive; Aerospace And Defense; Healthcare; Transportation
Companies Mentioned: CalAmp Inc.; ORBCOMM Inc.; Sierra Wireless Inc.; Shenzhen Jimi IoT Co. Ltd.; Queclink Wireless Solutions Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A GPS tracking device is a software tool that furnishes location surveillance information, enabling the remote tracking of the position of an entity or object through the utilization of the Global Positioning System (GPS). Fleet managers commonly employ GPS tracking devices to pinpoint assets along a route, report on traffic conditions, and monitor various activities of vehicles.

The primary types of GPS tracking devices include standalone trackers, OBD devices, and advanced trackers. A standalone tracker is an independent unit or device specifically designed for GPS tracking operations. These devices find application in various deployments, such as commercial vehicles, cargo, and containers, within industries such as automotive, aerospace and defense, healthcare, and transportation.

The GPS tracking device market research report is one of a series of new reports from The Business Research Company that provides gps tracking device market statistics, including gps tracking device industry global market size, regional shares, competitors with a gps tracking device market share, detailed gps tracking device market segments, market trends and opportunities, and any further data you may need to thrive in the gps tracking device industry. This gps tracking device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The gps tracking device market size has grown rapidly in recent years. It will grow from $2.91 billion in 2023 to $3.29 billion in 2024 at a compound annual growth rate (CAGR) of 13.3%. The expansion observed during the historical period can be credited to the increase in fleet management solutions, the growth of e-commerce and last-mile delivery services, regulatory mandates emphasizing vehicle safety, the heightened adoption of GPS tracking devices in asset tracking, and an increase in concerns related to personal safety.

The gps tracking device market size is expected to see rapid growth in the next few years. It will grow to $5.46 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%. The anticipated growth in the forecast period can be attributed to the upsurge in autonomous vehicles, a rising demand for stolen vehicle recovery services, a growing emphasis on environmental sustainability, the expanded usage of GPS tracking devices in healthcare, and an increasing demand for geo-fencing solutions. Key trends expected in the forecast period include integration with IoT ecosystems, advancements in real-time tracking capabilities, improved battery life, the incorporation of artificial intelligence (AI) in analytics, the expansion of satellite constellations, and integration with wearable devices.

The anticipated surge in demand for commercial vehicles is poised to drive the growth of the GPS tracking device market in the coming years. Commercial vehicles, including company cars and fleet vehicles used for transporting goods and equipment for business purposes, utilize GPS tracking devices to monitor vehicle location, enhance maintenance practices, and improve customer service through real-time status updates. The increasing demand for commercial vehicles is evident in the data from the International Organization of Motor Vehicle Manufacturers, revealing a 10% increase in the production of commercial vehicles in the USA from 7,604,154 in 2021 to 8,308,603 in 2022. Additionally, Argentina experienced a 24% rise in commercial vehicle production from 250,647 in 2021 to 279,388 in 2022, further substantiating the positive impact on the GPS tracking device market.

The burgeoning tourism and travel industry are anticipated to be a significant driver of growth for the GPS tracking device market. The growth and expansion of tourism, coupled with an increasing number of people traveling for various purposes, create opportunities for GPS tracking devices to contribute to safer, more efficient, and enjoyable travel experiences. These devices play a crucial role in navigation assistance, fleet management, asset tracking, and providing real-time traffic information. Notably, data from the U.S. Department of Commerce in June 2022 indicates a rise in international visitors to the US, reaching 22.1 million in 2021. This trend underscores the influence of the growing tourism and travel industry on the GPS tracking device market.

A notable trend in the GPS tracking device market is the emphasis on product innovation by major companies. Companies are actively engaged in developing new solutions to strengthen their market positions. For instance, in January 2022, ATrack Technology Inc., a China-based telematics hardware design and manufacturing company, introduced the AL300 LTE-M waterproof tracker with IP67 waterproof and dustproof features. This tracker caters to heavy machinery and transportation equipment placed outdoors, such as refrigerated trucks, trailers, scooters, and agricultural and construction machinery, addressing the need for long-term monitoring.

Major players in the GPS tracking device market are prioritizing advanced solutions, exemplified by the introduction of the EZ2 LTE model. Systems & Technology Corp, a Taiwan-based company specializing in GPS tracking devices, launched the EZ2 LTE model in July 2023. This portable and adaptable tracking option supports 4G LTE Cat 1 network connectivity, providing simultaneous connections to digital or analog accessories and RS-232 connections to external equipment. With broad LTE frequency band support, the EZ2 LTE model enhances connectivity, especially in the Asia Pacific, Europe, and the Middle East. It caters to industries such as insurance, vehicle rental, fleet management, logistics, and chilled transportation.

In September 2021, Advantage GPS Inc., a US-based company offering GPS tracking and location-based services, completed the acquisition of Asset Tracking Technology Inc. This strategic move, for an undisclosed amount, enables Advantage GPS to enhance its GPS tracking capabilities, offering clients a more comprehensive solution. The acquisition positions Advantage GPS to strengthen its presence in the GPS tracking sector and elevate its customer service capabilities. Asset Tracking Technology Inc., based in the US, specializes in providing GPS hardware and software services.

Major companies operating in the gps tracking device market report are CalAmp Inc., ORBCOMM Inc., Sierra Wireless Inc., Shenzhen Jimi IoT Co. Ltd., Queclink Wireless Solutions Co. Ltd., Teltonika Networks, ATrack Technology Inc., Geotab Inc., Meitrack Group Co. Ltd., Trackimo Ltd., Starcom Systems International Inc., TomTom International BV, Ruptela UAB, ICONCOX Co. Ltd., Geoforce LLC, Laird plc, Verizon Wireless, Concox Information Technology Co. Ltd., Laipac Technology Inc., Maestro Wireless Solutions Ltd., Pointer Telocation Ltd., Xirgo Technologies LLC, Fleet Complete Inc., Spireon Inc., GPS Insight LLC, Fleetmatics Group plc, Omnitracs LLC, Zonar Systems Inc., SkyBitz Inc., Trimble Inc.

Europe was the largest region in the GPS tracking device market in 2023. The regions covered in the gps tracking device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the gps tracking device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The GPS tracking device market consists of sales of Plug-in, hardwired, and battery-operated GPS tracker. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11766

1. Executive Summary

2. GPS Tracking Device Market Characteristics

3. GPS Tracking Device Market Trends And Strategies

4. GPS Tracking Device Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global GPS Tracking Device Market Size and Growth

5.1. Global GPS Tracking Device Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global GPS Tracking Device Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global GPS Tracking Device Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. GPS Tracking Device Market Segmentation

6.1. Global GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Standalone Trackers
OBD Devices
Advance Trackers
6.2. Global GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Commercial Vehicles
Cargo And Containers
6.3. Global GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Automotive
Aerospace And Defense
Healthcare
Transportation

7. GPS Tracking Device Market Regional And Country Analysis

7.1. Global GPS Tracking Device Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global GPS Tracking Device Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific GPS Tracking Device Market

8.1. Asia-Pacific GPS Tracking Device Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China GPS Tracking Device Market

9.1. China GPS Tracking Device Market Overview
9.2. China GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India GPS Tracking Device Market

10.1. India GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan GPS Tracking Device Market

11.1. Japan GPS Tracking Device Market Overview
11.2. Japan GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia GPS Tracking Device Market

12.1. Australia GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia GPS Tracking Device Market

13.1. Indonesia GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea GPS Tracking Device Market

14.1. South Korea GPS Tracking Device Market Overview
14.2. South Korea GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe GPS Tracking Device Market

15.1. Western Europe GPS Tracking Device Market Overview
15.2. Western Europe GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK GPS Tracking Device Market

16.1. UK GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany GPS Tracking Device Market

17.1. Germany GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France GPS Tracking Device Market

18.1. France GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy GPS Tracking Device Market

19.1. Italy GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain GPS Tracking Device Market

20.1. Spain GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe GPS Tracking Device Market

21.1. Eastern Europe GPS Tracking Device Market Overview
21.2. Eastern Europe GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia GPS Tracking Device Market

22.1. Russia GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America GPS Tracking Device Market

23.1. North America GPS Tracking Device Market Overview
23.2. North America GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA GPS Tracking Device Market

24.1. USA GPS Tracking Device Market Overview
24.2. USA GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada GPS Tracking Device Market

25.1. Canada GPS Tracking Device Market Overview
25.2. Canada GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America GPS Tracking Device Market

26.1. South America GPS Tracking Device Market Overview
26.2. South America GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil GPS Tracking Device Market

27.1. Brazil GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East GPS Tracking Device Market

28.1. Middle East GPS Tracking Device Market Overview
28.2. Middle East GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa GPS Tracking Device Market

29.1. Africa GPS Tracking Device Market Overview
29.2. Africa GPS Tracking Device Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa GPS Tracking Device Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa GPS Tracking Device Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. GPS Tracking Device Market Competitive Landscape And Company Profiles

30.1. GPS Tracking Device Market Competitive Landscape
30.2. GPS Tracking Device Market Company Profiles
- 30.2.1. CalAmp Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. ORBCOMM Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Sierra Wireless Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Shenzhen Jimi IoT Co. Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Queclink Wireless Solutions Co. Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global GPS Tracking Device Market Competitive Benchmarking

32. Global GPS Tracking Device Market Competitive Dashboard

33. Key Mergers And Acquisitions In The GPS Tracking Device Market

34. GPS Tracking Device Market Future Outlook and Potential Analysis

34.1 GPS Tracking Device Market In 2028 - Countries Offering Most New Opportunities
34.2 GPS Tracking Device Market In 2028 - Segments Offering Most New Opportunities
34.3 GPS Tracking Device Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer