GPS Tracking Device Market Poised for 11.8% CAGR Growth, Eyes a Remarkable USD 4.43 Billion by 2029

GPS Tracking Device Market is expected to grow at a CAGR of 11.8% during the forecast period and market is expected to reach US$ 4.43 Bn. by 2029.

GPS Tracking Device Market Overview:

Maximize Market Research, a leading market research firm, has recently released a comprehensive market intelligence report highlighting the robust growth anticipated in the GPS Tracking Device market during the forecast period. The report delves into the key drivers of growth, significant challenges, upcoming opportunities, and prevailing market dynamics, offering valuable insights into the global market landscape. Regional and segment-specific market sizes are thoroughly analyzed, providing stakeholders with a holistic view of the industry.

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GPS Tracking Device Market Report Scope and Research Methodology:

With a global positioning system, a GPS tracking device can identify and follow an object or entity to ascertain and track its exact location, as well as that of its carrier, on a regular basis. Together with the target’s direction and speed, it gives latitude and longitude information.

GPS Tracking Device Maket Dynamics: 

The primary factors propelling the growth of the GPS tracking device market are the rising number of commercial vehicles and the accuracy of these devices in determining the position of mobile objects. In addition, more GPS technology is being used to track and monitor these cars since it provides better customer service, is smaller, and lasts longer.

GPS Tracking Device Market Regional Insights:

The report provides a detailed explanation of factors influencing market size, growth rates, and import-export dynamics across key regions, including:

1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. the Middle East and Africa

GPS Tracking Device Market Segmentation:

by GPS Tracking Device

Cellular
Satellite

by Type

Standalone Tracker
OBD Device
Advance Tracker

by Deployment Type

Commercial Vehicle
Cargo & Container
Others

by Industry

Transportation & Logistics
Construction
Oil & Gas
Metals & Mining
Government
Others

GPS Tracking Device Market Key Players:

1. Laird PLC
2. Calamp Corp
3. Teltonika UAB
4. Concox Wireless Solutions Co., Ltd.
5. TomTom International BV
6. Sierra Wireless Inc.
7. Geotab Inc.
8. Meitrack Group
9. ATrack Technology Inc.
10. Orbocomm Inc, Ltd.
11. Trackimo LLC
12. Queclink Wireless Solutions Co., Ltd.
13. Meiligao GroupTELTONIKA
14. Spy Tec International
15. Rekvizitai.lt Lithuania
16. Lantronix, Inc
17. Xirgo Technologies.
18. GPS Insight
19. ClearPathGPS, Inc

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GPS Tracking Device Market Key Questions Addressed:

The report addresses crucial questions in the GPS Tracking Device market, such as:

• Anticipated market size by the end of the forecast period
• Recent industry trends for generating additional revenue streams
• Lucrative opportunities fueling market growth
• Regulatory authority interventions shaping the market
• Growth strategies employed by players to enhance market presence
• Dominating region’s market size

GPS Tracking Device Market Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and Price Curve by Region (2018 to 2021)
• Market Size, Share, Size & Forecast by Different Segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – Detailed Analysis by Segments and Sub-segments
• Competitive Landscape – Profiles of Selected Key Players
  • Market Leaders, Market Followers, Regional Player
  • Competitive Benchmarking of Key Players by Region
• PESTLE Analysis
• PORTER’s Analysis
• Value Chain and Supply Chain Analysis
• Legal Aspects of Business by Region
• Lucrative Business Opportunities with SWOT Analysis
• Recommendations

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