New York, March 10, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “GPS Tracking Device Market: Trends, Opportunities and Competitive Analysis” – https://www.reportlinker.com/p06244250/?utm_source=GNW
The future of the GPS tracking device market looks bright with opportunities in transportation and logistics, construction, oil and gas, and metals and mining. The GPS Tracking Devices Market is expected to reach approximately $2.9 Billion by 2027 growing at a CAGR of 8% from 2021 to 2027. The major drivers of this market are growth in the transportation and logistics industry and the affordability of GPS tracking devices.
CalAmp Corporation, Orbcomm Inc., Sierra Wireless, ATrack Technology, Geotab, Concox Information, Trackimo, Meitrack Group and Ruptela UAB are some of the major manufacturers of GPS tracking devices.
Emerging trends, which directly impact the dynamics of the GPS tracking device industry, include the development of human-centric GPS tracking and monitoring devices and the emphasis on wellness tracking livestock.
In this market, transportation and logistics is the largest end-use industry, while a commercial vehicle is the largest market in terms of deployment.
The study includes trends and forecasts for the global GPS tracking devices market by device type, deployment type, end-use industry, and region as follows:
By end-use industry [Value ($M) and Volume (Million Units) shipment analysis from 2016 to 2027]:
• Transport and logistics
• Oil and Gas
• Metallurgy and mining
By device type [Value ($M) and Volume (Million Units) shipment analysis from 2016 to 2027]:
• Autonomous trackers
• OBD devices
• Advanced trackers
Per deployment [Value ($M) and Volume (Million Units) shipment analysis from 2016 to 2027]:
• Commercial vehicles
• Freight and containers
By region [Value ($M) and Volume (Million Units) shipment analysis for 2016 – 2027]:
• North America
• United States
• Asia Pacific
• The rest of the world
Some of the GPS tracking device companies profiled in this report include CalAmp Corporation, Orbcomm Inc., Sierra Wireless, ATrack Technology, Geotab, Concox Information, Trackimo, Meitrack Group, and Ruptela UAB.
The analyst predicts that the GPS tracking device for commercial vehicle market will remain the largest segment and is also expected to witness the highest growth during the forecast period owing to growth in vehicle production. utilities and the growing use of GPS tracking devices in transportation and logistics. industry.
In the GPS tracking device market, transportation and logistics will remain the largest end-use industry owing to the increasing adoption of GPS tracking in the transportation and logistics industry for real-time fleet management. and the affordability of GPS tracking devices.
North America will remain the largest region due to the growing adoption of intelligent transportation systems. APAC is expected to experience the highest growth over the forecast period, supported by increased vehicle production and increased business activities.
Characteristics of the Global GPS Tracking Devices Market
• Market Size Estimates: Estimate of the global GPS tracking device market size in terms of shipping value ($M) and volume (Millions of units).
• Trend and forecast analysis: market trends (2016-2021) and forecasts (2022-2027) by various segments and regions.
• Segmentation Analysis: Global GPS tracking device market size by various segments, such as end-use industry, device type, and deployment type.
• Regional Analysis: Breakdown of the global market for GPS tracking devices by North America, Europe, Asia-Pacific and Rest of the world.
• Growth Opportunities: Analyzes growth opportunities across different end-use industries, device types, deployment types, and regions for the GPS Tracking Devices market.
• Strategic Analysis: This includes mergers and acquisitions, new product development, and competitive landscape for the GPS Tracking Devices market.
• Analysis of the competitive intensity of the industry based on Porter’s five forces model.
This report answers the following 11 key questions
Q.1 What are some of the most promising growth opportunities for the Global GPS Tracking Devices Market by end-use industry (Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government and Others), type of device (standalone trackers, OBD devices, and advanced trackers), deployment type (utility vehicles, cargo and containers, and others), and region (North America, Europe, Asia-Pacific, and rest of the world)?
Q.2 Which segments will experience faster growth and why?
Q.3 Which regions will experience faster growth and why?
Q.4 What are the major factors affecting market dynamics? What are the market drivers and challenges?
Q.5 What are the business risks and threats in the GPS Tracking Device Market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the main players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competing products and processes in this market, and what threat do they pose to losing market share through product substitution?
Q.11 What M&A activity has taken place in the past five years in the GPS tracking device market?
Read the full report: https://www.reportlinker.com/p06244250/?utm_source=GNW
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