GPS market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global GPS tracking device market size valued at $1.78 billion in 2022, and is projected to reach $4.93 billion by 2028, registering a CAGR of 12.3% from 2022 to 2028. This application does not require the user to transmit data, it works independently of receiving calls or the Internet , but these technologies can improve the usefulness of geo location. It provides important positioning capabilities for military , civilian and commercial users worldwide. The U.S. government creates, maintains and controls this system, and it is freely accessible to anyone.

 

Key Players

 

  • Qualcomm Inc.
  • Hexagon AB
  • Broadcom Inc.
  • Trimble Navigation Limited
  • MiTAC Digital Technology Corporation (Navman)
  • TomTom N.V
  • Rockwell Collins Inc.
  • Texas Instruments Inc.
  • Garmin Ltd.
  • Mio Technology Corporation.

 

By Type

 

  • Standalone Trackers
  • Portable Navigation Devices
  • Automotive Telematics Systems
  • Consumer Devices
  • Others

 

By Application

 

  • Road
  • Aviation
  • Marine
  • Location-Based Services
  • Surveying and Mapping
  • Others

 

Scope of the Report

The research study analyzes the global GPS market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by GPS market Report

 

  1. What was the GPS market  size in 2020 and 2021 ; what are the estimated growth trends and market forecast (2022-2028).

 

  1. What will be the CAGR of the GPS market  during the forecast period (2022-2028) ?

 

  1. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).

 

  1. Which manufacturer/vendor/players in the GPS market  was the market leader in 2021?

 

  1. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report will be delivered within 48-72 hours after payment confirmation