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GPS Tracking Device Market by Type, Deployment Type, Industry and Geography - Global Forecast to 2023

GPS Tracking Device Market: Global Forecast until 2023

  • June 2017
  • 144 pages
  • ID: 4960854
In this report:
Others industry includes agriculture, healthcare, retail, education, and hospitality accounted for ~##% of the market share in 2016 and is expected to grow at a CAGR of ##.##% during the forecast period.
Owing to the development of shale gas in the past, North America accounted for ~##% of market share in 2016 and is expected to grow at a CAGR of ##.##% during the forecast period.

Summary

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"GPS tracking device market to exhibit significant increase potential between 2017 and 2023"

The GPS tracking device market is anticipated to grow at a compound annual growth rate (CAGR) of ~12.9 percent between 2017 and 2023 to attain ~$2.9B by 2023. The top driving factors for the increase ot the GPS tracking device market contain the growth in sales of commercial vehicles, smaller size, affordable price, and high ROI. Furthermore, the advent of cellular technology reduced the service cost, while the decline in GNSS/GPS IC makes inroads in cell phone that provide the scale of economies to GNSS/GPS module supplier.

"Transportation & logistics to hold the biggest share of the global GPS tracking device market"

GPS tracking device is widely used in commercial vehicles including trucks, trailers, buses, and light commercial vehicles for tracking purposes. According to International Organization of Motor Vehicle Manufacturers, the overall commercial vehicle sales have surged by ~3.3 percent and ~4.4 percent in 2015 and 2016, respectively. Concern related to safety and security of high-value assets and valuable data generated by these devices engine diagnostics drive the rise of transportation & logistics sector.

"Asia-Pac to be the quickest developing market for GPS tracking device during the outlook period"

Asia-Pacific is an emerging market for GPS tracking devices. The penetration of GPS tracking devices in this area is low compared to other regions. Therefore, it is an untapped market with a huge potential for increase of GPS tracking device. China (CN) has a huge potential market for GPS trackers. Shanghai, Shenzhen, and Ningbo-Zhoushan are some of the world's busiest ports. A big number of cargo and containers are transported from these ports. Therefore, GPS trackers for cargo and containers are anticipated to grow in the said area. Queclink Wireless Solutions Co., Limited, Concox Information Technology Co., Limited, and Meitrack Group are well-established actors from Chinese GPS tracking device market.

The break-up of the profiles of primary members taking part for the analysis has been provided below:

• By Company Size: Tier 1 = 30.0 percent, Tier 2 = 35.0 percent, and Tier 3 = 35.0 percent

• By Description: C-suite executives = 55.0 percent, D-Level Executives = 30.0 percent, and Others = 15.0 percent

• By Area: North America continent = 20.0 percent, EU = 35.0 percent, Asia-Pac = 35.0 percent, and RoW = 10.0 percent

The top players in the sector contain Calamp Corp., Orbocomm Inc., Sierra Wireless Inc., Quelink Wireless Solution Co., Limited, Concox Wireless Solution Co., Limited, Ruptela UAB, Laird Plc, Atrack Technology Inc., Meitrack Group, Teltonika UAB, Trackimo LLC, and Geotab Inc..

Segment Research

The research report on the overall GPS tracking device market covers distinct segments-type, deployment type, communication technology, sector, and territory. The market has been split on the basis of type into standalone tracker, onboard diagnosis device, and advance tracker. On the basis of deployment type, the GPS tracking device market has been categorized into commercial vehicle, cargo and container, and others. The market research contains qualitative information of two types of communication technology-satellite and cellular communication. Futhermore, the GPS tracking device market has been split on the basis of sectors into transportation & logistics, oil & gas, metals & mining, construction, government, and others (hospitality, education, retail, agriculture, and healthcare). The industry report includes four main geographic regions-North America, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Main highlights

Figures of segmentation, study, and estimate for the sector established on category, deployment type, market, and area has been conducted to give an global view of the GPS tracking device market.

The value chain study included in the study to offer a detailed insight into the GPS tracking device market.

The main drivers, market restraints, alternatives, and opportunities for the GPS tracking device market have been precised in this industry report.

The analysis includes an exhaustive competitive analysis together with top players, complete study, and revenue of main actors.

DIVE matrix provided in the market research contributes detailed review of different manufacturers in the GPS tracking device market and listed them in dynamic actors, innovators, vanguards, and emerging actors.

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