Semiconductors and Electronics

Global GPS Tracking Device Market Will Reach at a Highest CAGR of 12.10 % by 2026

Global GPS Tracking Device Market

Global GPS Tracking Device Market By Type (Standalone Tracker, OBD Device, Advance Tracker), Deployment Type (Commercial Vehicle, Cargo and Container, Others), GPS Tracking Device (Satellite, Cellular), Industry (Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Others)

Market Analysis: Global GPS Tracking Device Market

Global GPS tracking device market is to register a healthy CAGR of 12.10% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to the use of GPS in the business vehicle lower price and smaller size of the GPS system.

Get Request A Sample  @

https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-reed-sensor-market

 

Market Definition: Global GPS Tracking Device Market

GPS tracking is basically an observation of the situation by the use of the Global Positioning System (GPS) to trace the position of an object distantly. The technology can locate latitude, line of longitude, course direction and ground speed of the target. The GPS may be a bunch of twenty-four aligned satellites that orbit the earth and create it a possibility for particular ground receivers to locate their geographic location. The location precision is in between 10 to 100 meter for the many types of equipment. The accuracy is often located inside one meter with distinctive defense-approved equipment.

Market Drivers:

  • Business vehicles increment capital to large supply of GPS system is a driving factor for the market growth
  • Small size, longer life and dominating ROI of  GPS devices is enhancing the market growth
  • Lower prices of GPS devices is flourishing the market growth
  • Upgrading in the software is driving the market growth

Market Restraints:

  • Many environmental aspects leads to poor user experience acting as a restraint for the market growth
  • Impact of the non-standard products is hindering the market growth

Get Detailed ToC @

https://www.databridgemarketresearch.com/toc/?dbmr=global-reed-sensor-market

 

Segmentation: Global GPS Tracking Device Market

By Type

  • Standalone Tracker
  • OBD Device
  • Advance Tracker

By Deployment Type

  • Commercial Vehicle
  • Cargo and Container
  • Others

By GPS Tracking Device

  • Cellular
  • Satellite

By Industry    

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

Key Developments in the Market

In July 2019, ATrack Technology Inc., which is a renowned manufacturer of GPS telematics products, introduced its new product namely AK7V. The AK7V is a vehicle tracking device that is comprises of advance features and is economical which appears to become impeccable for fleet management solution for the customers globally

In February 2019, GPS Trackit announced its acquisition of TSO Mobile, InTouch GPS, and FleetTrax. With this acquisition, the company aims in expanding its tracking solution portfolio. Additionally, the company would be able to triple its consumer base serving them with better products so as to meet their consumer’s need

Competitive Analysis

Global GPS tracking device market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of GPS tracking device market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research

Tel: +1-888-387-2818

Email: Sopan.gedam@databridgemarketresearch.com

 

Report Related

Global Reed Sensor Market

Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *