PUBLISHER: The Business Research Company | PRODUCT CODE: 1975691
PUBLISHER: The Business Research Company | PRODUCT CODE: 1975691
The GPS equipment encompasses various devices and tools used within the satellite navigation system. It aids in determining precise locations on the ground.
The primary product types include data loggers, data pushers, data pullers, and covert GPS trackers. Data loggers automatically monitor and record environmental parameters over time for analysis and validation. GPS equipment finds applications in road, aviation, marine, location-based services, surveying, mapping, and more, serving industries such as transportation, logistics, construction, oil and gas, mining, and government.
Tariffs have affected the gps equipment market by increasing costs of imported receivers, antennas, sensors, and satellite communication components. Transportation and logistics sectors in north america and europe have faced higher device procurement expenses. Asia pacific manufacturers reliant on imported semiconductors have experienced pricing volatility. However, tariffs have encouraged local manufacturing, hardware innovation, and increased adoption of software based navigation solutions.
The gps equipment market research report is one of a series of new reports from The Business Research Company that provides gps equipment market statistics, including gps equipment industry global market size, regional shares, competitors with a gps equipment market share, detailed gps equipment market segments, market trends and opportunities, and any further data you may need to thrive in the gps equipment industry. This gps equipment 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 equipment market size has grown strongly in recent years. It will grow from $3.11 billion in 2025 to $3.4 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to growth of satellite navigation adoption, expansion of transportation networks, early defense applications, adoption in surveying and mapping, rise of fleet management solutions.
The gps equipment market size is expected to see rapid growth in the next few years. It will grow to $5.02 billion in 2030 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to growth of autonomous vehicles, expansion of smart transportation systems, increasing use in asset tracking, adoption in aviation and marine navigation, integration with iot platforms. Major trends in the forecast period include real time gps tracking, high precision navigation systems, integrated telematics devices, miniaturized gps hardware, multi constellation gnss support.
The increasing adoption of IoT devices and sensors is expected to drive the growth of the GPS equipment market in the coming years. IoT devices and sensors are key components of the Internet of Things (IoT) ecosystem, a technology framework that connects physical objects and devices to the internet, enabling them to collect and exchange data. As IoT adoption expands across industries and sectors, the demand for accurate location data rises. This growing need for precise positioning information continues to drive the demand for GPS equipment, making it an integral part of the IoT ecosystem. For example, in March 2023, Exploding Topics, a US-based online platform, reported that the number of Internet of Things devices is expected to reach 25.4 billion by 2030. Therefore, the increasing adoption of IoT devices and sensors is contributing to the growth of the GPS equipment market.
Major companies in the GPS equipment market are developing high-precision tracking devices to maintain their competitive position. For instance, in July 2023, Bad Elf LLC, a US-based computer hardware manufacturing company, introduced the Bad Elf Flex Mini, a high-precision Bluetooth GNSS receiver designed for geospatial professionals. It supports multiple accuracy levels to meet various mapping requirements, including an extreme mode for sub-foot accuracy with RTK support. The device connects to smartphones and tablets via Bluetooth and supports multiple satellite constellations for global coverage. Featuring a durable design, long battery life, and a companion app for iOS and Android, the product provides a cost-effective and user-friendly solution for collecting high-precision location data in challenging field conditions.
In October 2023, CNH Industrial N.V., a UK-based agricultural machinery company, acquired Hemisphere GNSS for an undisclosed sum. This strategic acquisition has empowered CNH Industrial with in-house expertise in global satellite navigation technology. This move facilitates the acceleration of the company's strategic plans for automation and autonomy technology in the fields of agriculture and construction. The aim is to offer enhanced efficiency and productivity to customers through advanced positioning and navigation solutions. Hemisphere GNSS, the acquired company, is based in the U.S. and specializes in providing cutting-edge solutions in precision agriculture and construction.
Major companies operating in the gps equipment market are Garmin Ltd.; Sensata Technologies Inc.; Trimble Navigation Limited; Jimi IoT; MiTAC Digital Technology Corporation (Navman); Eelink Communication Technology Limited; Queclink Wireless Solutions Co. Ltd.; TomTom International BV; Geotab Inc.; Teltonika UAB; Calamp Corporation; Sierra Wireless Inc.; Mio Technology Corporation; Orbocomm Inc.; Concox Wireless Solution; Shenzhen Concox Information Technology Co. Ltd.; ATrack Technology Inc.; Meitrack Group; Trackimo LLC; Ruptela UAB; Xirgo Technologies Inc.; Shenzhen Coban Electronics Co. Ltd.; Maestro Wireless Solutions; Spy Tec Inc.
Asia-Pacific was the largest region in the GPS equipment market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global GPS equipment market share during the forecast period. The regions covered in the gps equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the gps equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The global positioning system GPS equipment market consists of sales of equipment for determining the ground position of an object through GPS satellites. GPS is a satellite navigation system that transmits specific signals that allow GPS equipment to decode and measure the satellite's exact location. 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 the GPS equipment market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.
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.
GPS Equipment Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses gps equipment 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.
Where is the largest and fastest growing market for gps equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The gps equipment 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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