GPS Tracking Device Market 2021-2027 Trends, Research Report, Growth Trends, Opportunities, Forecast to 2027

The global GPS tracking device market size is expected to reach US$ 4.93 billion by 2028, from US$ 1.78 billion in 2020, registering a CAGR of 12% from 2021 to 2027. The key factors driving the growth of the GPS tracking device market are: Growing demand for IoT and cloud technologies and soaring commercial vehicle sales. However, the impact of non-standard products and several environmental factors leading to poor user experience are expected to pose a great threat to the GPS tracking device market. In addition, the increasing use of digital maps and the surge in advancements and upgrades of software used in GPS tracking devices are expected to provide lucrative opportunities for the growth of the global GPS tracking devices market.

Key Players

The key players profiled in GPS tracking device market analysis include Sierra Wireless, Orbocomm, Atrack Technology, Geotab Inc., Box Telematics, Meitrack Group, Trackimo Group, Calamp Corp, Starcom System Ltd., and Concox Wireless Solution.

GPS Tracking Device Market – Segmentation

By Type:

• Standalone Tracker
• OBD Device
• Advance Tracker

By Sensor Type

• Pressure Sensor

By Deployment Type:

• Commercial Vehicle
• Cargo & Container
• Others

By Industry:

• Transportation & Logistics
• Construction
• Oil & Gas
• Metals & Mining
• Government
• Others (Hospitality, Education, Retail, Agriculture, And Healthcare)

Recent Developments

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

Geographic Coverage

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

Key Questions Answered by GPS Tracking Device Market Report

• What was the GPS Tracking Device Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Aircraft Heat Exchanger Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the GPS Tracking Device Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.