The latest research study released by Transparency Market Research on “GPS Tracking Device Market Forecast to 2023-2031 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the GPS Tracking Device industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.
GPS Tracking Device market is estimated to attain a valuation of US$ 7.4 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 11.9% during the forecast period, 2023-2031
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Increase in demand for fleet and asset-tracking solutions in commercial and passenger vehicles and rise in search and rescue operations across the globe are significant GPS tracking device market drivers. Scenarios such as vehicle breakdowns, unauthorized stops, or any kind of crime related to the fleet are easily monitored and managed with the help of GPS trackers.
Numerous businesses and organizations are making huge investments in GPS trackers. Key manufacturers are developing advanced and portable GPS trackers for their customers. They are also introducing GPS trackers with dash cameras that offer comprehensive tracking surveillance with real-time video visibility and insight. Integration of insurance telematics tracker with GPS tracker to offer usage-based insurance (UBI) is creating value-grab GPS tracking device market opportunities. However, higher running costs and lack of location accuracy are expected to hamper the market dynamics during the forecast period.
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The report covers extensive competitive intelligence which includes the following data points:
– Business Overview
– Business Model
– Financial Data
– Financial – Existing
– Financial – Funding
– Product/Service Segment Analysis and specification
– Recent Development and Company Strategy Analysis
– SWOT Analysis
Competitor Analysis:
The significant players operating in the global GPS Tracking Device market are
Geotab Inc., ArusNavi, ATrack Technology Inc., Navtelecom, LLC, Queclink Wireless Solutions Co., Ltd., CalAmp Corp., Meitrack Group, Sensata Technologies Inc., Shenzhen Eelink Communication Technology Co. Ltd., Sierra Wireless, Inc., Trackimo, Ruptela, AT&T Inc., and GPS Insight
Market Segmentation –
- Type
- Standalone Trackers
- OBD Devices
- Advanced Trackers
- Deployment
- Commercial Vehicles
- Cargo & Containers
- Application
- Fleet Management
- Asset Management
- Others (Personal Tracking, Waste & Recycling Management, etc.)
- Industry Vertical
- Transportation & Logistics
- Aerospace & Defense
- Government
- Oil & Gas
- Construction
- Metals & Mining
- BFSI
- Others (Food & Beverage, Energy & Utility, Healthcare, etc.)
This Report lets you identify the opportunities in GPS Tracking Device Market by means of a region:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)
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Key Features of the GPS Tracking Device Market Report: –
➤ Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
➤ Examine the market opportunities for stakeholders by identifying higher growth sections.
➤ To study and analyze the global GPS Tracking Device industry status and forecast including key regions.
➤ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
➤ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter’s Five Forces analysis to provide a deeper understanding of the market.
➤ It helps you make strategic business decisions and investment plans.
Research Methodology
The report has its roots definitely set in thorough strategies provided by proficient data analysts. The research methodology involves the collection of information by analysts only to have them studied and filtered thoroughly in an attempt to provide significant predictions about the market over the review period. The research process further includes interviews with leading market influencers, which makes the primary research relevant and practical. The secondary method gives a direct peek into the demand and supply connection. The market methodologies adopted in the report offer precise data analysis and provide a tour of the entire market. Both primary and secondary approaches to data collection have been used. In addition to these, publicly available sources such as annual reports, and white papers have been used by data analysts for an insightful understanding of the market.
Reasons to Buy The GPS Tracking Device Market Report: –
1.Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
2.Reports provide opportunities and threats faced by suppliers in the GPS Tracking Device industry around the world.
The report shows regions and sectors with the fastest growth potential.
3.A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
4.The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
5.This report provides the industry’s current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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