GPS Tracking Device Market: Industry Analysis and Detailed Profiles of top Industry Players

The GPS Tracking Devices is normally carried by a moving vehicle or person that is used to determine and track its current location. IoT and cloud technology are some of the major factors driving this market. The modern technology in the GPS tracker, which allows a covert GPS tracking device to be placed anywhere in terms of size, range and dependability and being used for surveillance. The standalone and advance tracking devices are coming in use along with it. This can be used for the business, government, and individuals to showcase its real time information in term of the National Safety.

The study indicates that the GPS Tracking Device Market has huge demand in various sectors including transportations and IT and Telecommunication sector that provides the real time information about the vehicles, products and individual. These devices provide and advanced GPS vehicle tracking systems for businesses and consumers that enhance safety and security.

The global GPS Tracking Device Market is expected to grow at USD$ 2.53 Billion by 2023, at 11.9% of CAGR between 2017 and 2023.

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GPS Tracking Device Market Key Players:

The prominent players in the GPS Tracking Device system Market are – Atrack Technology Inc. (Taiwan), Tomtom International Bv ( Neitherland), Calamp Corp. (US), Orbocomm Inc. (US), Sierra Wireless Inc. (Canada), Laipac Technology, Inc. (Canada), Concox Information Technology Co., Ltd. (China), Spy tech, Inc. (U.S), Verizon Wireless (U.S) and Queclink Wireless Solutions Co., Ltd. (China) among others.

GPS Tracking Device Market Segments:

The global GPS Tracking Device system market has been segmented on the basis of type, components, end -users and region.

GPS Tracking Device system Market by Type:

• Covert GPS Trackers
• Standalone Tracker
• Advance Tracker
• Others

GPS Tracking Device system Market by Components:

• GPS Loggers
• Personal GPS Trackers
• Real-Time GPS Trackers
• Others

GPS Tracking Device system Market by End-User:

• Automotive and aerospace
• Healthcare
• Transportation
• Retail
• Government and defense
• Industrial
• Hospitality
• Education
• Others

GPS Tracking Device system Market by Regions:

• North America
• Europe
• APAC
• Rest of the World

GPS Tracking Device Market Regional Analysis:

The regional analysis of GPS Tracking Device market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading regions across the world in terms of highest market share in GPS Tracking market. In North America, these devices is widely used to help monitor anti-poaching patrols in recent days and to track the location all the time, in commercial as well as for the personal purposes. Europe region is also showing a positive growth in the GPS Tracking Device devices market due to safety purpose and to also helpful in getting a real-time vehicle location updates, vehicle speeds, as well as instant alert message to bad driver behaviors. Whereas, Asia-Pacific countries like China, Japan and South Korea is an emerging market for GPS tracking devices market. This market has huge potential for growth of GPS tracking device specifically the country like China.

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