“Trends and Forecasts for the Global GPS Tracking Devices Market”
GPS Tracking Devices Market Trends, Opportunities and Forecast to 2027 by End-Use Industry (Transportation & Logistics, Construction, Oil & Gas, Metal & Mining, Government and Others), Device Type (Autonomous Trackers , OBD devices and advanced trackers), deployment (commercial vehicles, cargo and containers, and others) and region (North America, Europe, Asia-Pacific and rest of the world)
Lucintel’s latest market report analyzed that the GPS tracking device offers exciting opportunities in the transportation and logistics, construction, oil and gas, and metals and mining industries. The GPS tracking devices market is expected to reach $2.9 billion by 2027 with a CAGR of 8%. In this market, commercial vehicles are the largest segment in terms of deployment, while transportation and logistics are the largest in terms of end-use industry. The development of human-centric GPS tracking and monitoring devices and a focus on livestock welfare monitoring provide a strategic growth path in this market.
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On the basis of deployment, the GPS tracking device market is segmented into commercial vehicles, cargo and containers, etc. The commercial vehicle segment accounts for the largest market share in 2021 and is expected to register the highest CAGR during the forecast period owing to the growth in commercial vehicle production and increasing usage of tracking devices GPS in the transportation and logistics industry.
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79 – Tables
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The GPS tracking devices market is marked by the presence of several large and small players. Some of the major players offering GPS tracking device include CalAmp Corporation, Orbcomm Inc., Sierra Wireless, ATrack Technology, Geotab, Concox Information, Trackimo, Meitrack Group, and Ruptela UAB.
This unique research report will enable you to make business decisions with confidence in this globally competitive market. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click this link [email protected].
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