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April 09, 2018

[Data Bridge Market Research] Global GPS Tracking Device Market – Industry Trends and Forecast to 2024

04/09/2018

 

Global GPS Tracking Device Market accounted to USD 1.5 billion in 2016 growing at a CAGR of 13.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

A GPS tracking unit is a device, normally carried by a moving vehicle or person, that uses the Global Positioning System to determine and track its precise location, and hence that of its carrier, at intervals. The latest trend in this market is
growth in commercial vehicle leading to the growth of GPS system, they are in small in size, easy to carry, which may further develop the market in future. There is need of GPS tracking devices for several applications like Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government; others will create a huge market for the GPS tracking devices.

 

Global GPS Tracking Device Market By Type (Standalone Tracker, PBD Device, Advance Tracker) By Deployment type (Commercial Vehicle, Cargo and Container, Others), By Application (Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

Major Market Competitors: 

• Calamp Corporation, 
• Sierra Wireless, Inc.,
• Orbocomm Inc.,
• Queclink Wireless Solutions Co., Ltd, 
• Shenzhen Concox Information Technology Co., Ltd, 
• Laird PLC., 
• Tomtom International Bv,
• MeitrackGroup,
• Teltonika UAB,
• Atrack Technology Inc.,
• Trackimo LLC
,Geotab Inc., 
• Shenzhen Coban Electronics Co., Ltd,
• Xirgo Technologies, Inc., 
• Maestro Wireless Solutions Ltd.,
• Ruptela UAB, Spy tech, Inc.,
• Verizon Wireless among others. 

 

*Link to the article