Global GPS Tracking Device Market

Global GPS Tracking Device Market Size, Trends & Analysis - Forecasts to 2026 By Type (Standalone Tracker, OBD Device, and Advance Tracker), By Industry (Construction, Transportation & Logistics, and Metals & Mining), By Deployment Type (Commercial Vehicle and Cargo & Container); By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology

Format

This report was recently updated on November 16 2024 with the latest and most recent market numbers

Global GPS Tracking Device: Market Insights

GPS tracking device market is estimated to be valued at USD 1400 million in 2021 and is projected to reach USD 2600 million by 2026 at a CAGR of 13.18%. The precision of GPS devices in determining the location of moving objects is the primary driver of the demand for these systems. Furthermore, the deployment of these systems is not prohibitively expensive, which adds to their popularity. Because of the inexpensive prices, small and medium-sized firms may easily adapt to these systems and increase their productivity. As a result, the market's potential audience has grown over time. The transportation industry is a major customer for these items; corporate buses, vehicles, cargo, and vehicles are all outfitted with GPS monitoring systems. Another major aspect driving the need is the implementation of these systems on public transportation networks. Authorities seek to improve the usefulness of public services, so these technologies are being aggressively implemented throughout government agencies.

Key drivers speeding up the market development are the soaring deployment of vehicle renting and rental services amongst the emerging nations is empowering vehicle rental organizations to install trackers to enhance their services. The expansion in cell connectivity is assisting fleet organizations with following their vehicle going in distant areas utilizing vehicle GPS tracking systems. The mechanical or technological progressions in the automotive area, like self-governing vehicles and others, are depending on GPS-based location tracking systems to improve the reliability and precision of navigation. The abilities of 5G, like upgraded speed, low dormancy, and high limit, will improve the presentation of vehicle GPS tracking systems. The adoption of 5G will help in the advancement of self-governing driving innovation, which utilizes GPS for its movement and route planning. Numerous telecom administrators are concentrating on the commercialization of cutting-edge 5G innovation. Additionally, factors like reasonable value, high ROI, alongside a few environmental factors leading to poor user experience and different government commands like electronic logging devices (ELD) are boosting the market's advancement.

Low-cost devices, increasing usage of these systems incorporate automobiles, and their extended life drive market expansion. Nevertheless, the influence of proprietary items and a variety of ecological issues that contribute to a bad customer experience impede the market growth. Consequently, technological and software advancements are projected to give many chances for the market in the near future. Several of the market's big organizations and competitors will also be poised to obtain a strong ROI with a short repayment period. Certain modern systems can offer critical vehicle data such as engine diagnostics, temperature, and many more. Additionally, these gadgets may be utilized to remotely monitor cars. Enhanced mapping combined with predictive diagnostics will fuel the need for these device deployments throughout different sectors, resulting in growth in the global market.

global gps tracking device market

Global GPS Tracking Device: By Type

Based on the type the market can be segregated into the standalone tracker, OBD device, and advance tracker. The advance tracker is anticipated to dominate throughout the forecast period. Advance tracker is expertly installed in vehicles, and container and cargo give vehicle location as well as offer engine diagnosis and different standards for temperature-controlled logistics. The data associated with vehicle performance captured by such receivers is significant, and as a result, the acceptance rate of these devices is considerable when compared to other types of GPS trackers.

Global GPS Tracking Device: By Industry

Based on the industry, the market can be segmented into construction, transportation & logistics, and metals & mining. The transportation and logistics industry is foreseen to represent the largest portion of the market. These devices are generally utilized in commercial vehicles like trucks, trailers, buses, and light commercial vehicles for tracking purposes. As per the sources, global commercial vehicle deals have flooded tremendously. This factor drives the deployment of these devices in commercial vehicles, consequently driving the development of the transportation and logistics industry.

Global GPS Tracking Device: By Deployment Type

Given the deployment type, the market can be divided into commercial vehicles and cargo & containers. Commercial vehicles are foreseen to hold the largest market size. The deployment of GPS trackers assists with monitoring and tracking commercial vehicles like trucks, buses, commercial heavy vehicles, and construction vehicles. The expanded deals for commercial vehicles would increase the adoption of these devices. As per the sources, deals of commercial vehicles are on an upturn. By following and dealing with these vehicles continuously, undertakings can productively use their resources. The GPS tracking unit likewise guarantees the security of vehicles. In the event of a crisis, GPS gadgets help find the rescue vehicle and show the specific area from where a distress signal was received.

asia pacific global gps tracking device market

Global GPS Tracking Device: By Region

As per the geographical analysis, the market can be classified into North America (the US, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa and Central & South America. The biggest share of the market will be reported by Europe and it will continue its dominance in the forthcoming years. Most of the key market players are located in Europe to take into account the developing requirements for GPS tracking devices. Besides, different meetings and occasions identified with GPS tracking devices are additionally held in Europe, which will additionally drive the development of the market in the European region. Be that as it may, the APAC region is additionally developing at the most elevated CAGR because of its huge number of assembling facilities and the expanding offer of commercial vehicles for transportation and logistics purposes and will show noteworthy growth in the forecast period.

Global GPS Tracking Device Share and Competitor Analysis

Calamp Corp., Orbocomm Inc., Sierra Wireless Inc., Queclink Wireless Solutions Co., Ltd., Shenzhen Concox Information Technology Co., Laird plc, TomTom International BV, Meitrack Group, Teltonika UAB, ATrack Technology Inc., Trackimo LLC, and Geotab are the top players in the market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Global GPS Tracking Device Industry Overview, 2016-2026

2.1.1 Industry Overview

2.1.2 Type Overview

2.1.3 Deployment Type Overview

2.1.4 Industry Overview

2.1.5 Regional Overview

Chapter 3 Global GPS Tracking Device Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2016-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 The Increasing Demand For IoT And Cloud Technology

3.3.1.2 Increasing Commercial Vehicle Sales

3.3.2 Industry Challenges

3.3.2.1 Ecological Issues

3.4 Prospective Growth Scenario

3.4.1 Industry Growth Scenario

3.4.2 Deployment Type Growth Scenario

3.4.3 Type Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Technology Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Global GPS Tracking Device Market, By Industry

4.1 Industry Outlook

4.2 Transportation & Logistics

4.2.1 Market Size, By Region, 2016-2026 (USD Million)

4.3 Construction

4.3.1 Market Size, By Region, 2016-2026 (USD Million)

4.4 Metals & Mining

4.4.1 Market Size, By Region, 2016-2026 (USD Million)

Chapter 5 Global GPS Tracking Device Market, By Deployment Type

5.1 Deployment Type Outlook

5.2 Commercial Vehicle

5.2.1 Market Size, By Region, 2016-2026 (USD Million)

5.3 Cargo & Container

5.3.1 Market Size, By Region, 2016-2026 (USD Million)

Chapter 6 Global GPS Tracking Device Market, By Type

6.1 Type Outlook

6.2 Standalone Tracker

6.2.1 Market size, By Region, 2016-2026 (USD Million)

6.3 Advance Tracker

6.3.1 Market size, By Region, 2016-2026 (USD Million)

6.4 OBD Device

6.4.1 Market size, By Region, 2016-2026 (USD Million)

Chapter 7 Global GPS Tracking Device Market, By Region

7.1 Regional outlook

7.2 North America

7.2.1 Market Size, By Country 2016-2026 (USD Million)

7.2.2 Market Size, By Industry, 2016-2026 (USD Million)

7.2.3 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.2.4 Market Size, By Type, 2016-2026 (USD Million)

7.2.5 U.S.

7.2.5.1 Market Size, By Industry, 2016-2026 (USD Million)

7.2.5.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.2.5.3 Market Size, By Type, 2016-2026 (USD Million)

7.2.6 Canada

7.2.6.1 Market Size, By Industry, 2016-2026 (USD Million)

7.2.6.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.2.6.3 Market Size, By Type, 2016-2026 (USD Million)

7.3 Europe

7.3.1 Market Size, By Country 2016-2026 (USD Million)

7.3.2 Market Size, By Industry, 2016-2026 (USD Million)

7.3.3 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.3.4 Market Size, By Type, 2016-2026 (USD Million)

7.3.5 Germany

7.2.5.1 Market Size, By Industry, 2016-2026 (USD Million)

7.2.5.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.2.5.3 Market Size, By Type, 2016-2026 (USD Million)

7.3.6 UK

7.3.6.1 Market Size, By Industry, 2016-2026 (USD Million)

7.3.6.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.3.6.3 Market Size, By Type, 2016-2026 (USD Million)

7.3.7 France

7.3.7.1 Market Size, By Industry, 2016-2026 (USD Million)

7.3.7.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.3.7.3 Market Size, By Type, 2016-2026 (USD Million)

7.3.8 Italy

7.3.8.1 Market Size, By Industry, 2016-2026 (USD Million)

7.3.8.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.3.8.3 Market Size, By Type, 2016-2026 (USD Million)

7.3.9 Spain

7.3.9.1 Market Size, By Industry, 2016-2026 (USD Million)

7.3.9.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.3.9.3 Market Size, By Type, 2016-2026 (USD Million)

7.3.10 Russia

7.3.10.1 Market Size, By Industry, 2016-2026 (USD Million)

7.3.10.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.3.10.3 Market Size, By Type, 2016-2026 (USD Million)

7.4 Asia Pacific

7.4.1 Market Size, By Country 2016-2026 (USD Million)

7.4.2 Market Size, By Industry, 2016-2026 (USD Million)

7.4.3 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.4.4 Market Size, By Type, 2016-2026 (USD Million)

7.4.5 China

7.4.5.1 Market Size, By Industry, 2016-2026 (USD Million)

7.4.5.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.4.5.3 Market Size, By Type, 2016-2026 (USD Million)

7.4.6 India

7.4.6.1 Market Size, By Industry, 2016-2026 (USD Million)

7.4.6.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.4.6.3 Market Size, By Type, 2016-2026 (USD Million)

7.4.7 Japan

7.4.7.1 Market Size, By Industry, 2016-2026 (USD Million)

7.4.7.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.4.7.3 Market Size, By Type, 2016-2026 (USD Million)

7.4.8 Australia

7.4.8.1 Market Size, By Industry, 2016-2026 (USD Million)

7.4.8.2 Market size, By Deployment Type, 2016-2026 (USD Million)

7.4.8.3 Market Size, By Type, 2016-2026 (USD Million)

7.4.9 South Korea

7.4.9.1 Market Size, By Industry, 2016-2026 (USD Million)

7.4.9.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.4.9.3 Market Size, By Type, 2016-2026 (USD Million)

7.5 Latin America

7.5.1 Market Size, By Country 2016-2026 (USD Million)

7.5.2 Market Size, By Industry, 2016-2026 (USD Million)

7.5.3 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.5.4 Market Size, By Type, 2016-2026 (USD Million)

7.5.5 Brazil

7.5.5.1 Market Size, By Industry, 2016-2026 (USD Million)

7.5.5.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.5.5.3 Market Size, By Type, 2016-2026 (USD Million)

7.5.6 Mexico

7.5.6.1 Market Size, By Industry, 2016-2026 (USD Million)

7.5.6.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.5.6.3 Market Size, By Type, 2016-2026 (USD Million)

7.5.7 Argentina

7.5.7.1 Market Size, By Industry, 2016-2026 (USD Million)

7.5.7.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.5.7.3 Market Size, By Type, 2016-2026 (USD Million)

7.6 MEA

7.6.1 Market Size, By Country 2016-2026 (USD Million)

7.6.2 Market Size, By Industry, 2016-2026 (USD Million)

7.6.3 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.6.4 Market Size, By Type, 2016-2026 (USD Million)

7.6.5 Saudi Arabia

7.6.5.1 Market Size, By Industry, 2016-2026 (USD Million)

7.6.5.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.6.5.3 Market Size, By Type, 2016-2026 (USD Million)

7.6.6 UAE

7.6.6.1 Market Size, By Industry, 2016-2026 (USD Million)

7.6.6.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.6.6.3 Market Size, By Type, 2016-2026 (USD Million)

7.6.7 South Africa

7.6.7.1 Market Size, By Industry, 2016-2026 (USD Million)

7.6.7.2 Market Size, By Deployment Type, 2016-2026 (USD Million)

7.6.7.3 Market Size, By Type, 2016-2026 (USD Million)

Chapter 8 Company Landscape

8.1 Competitive Analysis, 2020

8.2 Calamp Corp.

8.2.1 Company Overview

8.2.2 Financial Analysis

8.2.3 Strategic Positioning

8.2.4 Info Graphic Analysis

8.3 Orbocomm Inc.

8.3.1 Company Overview

8.3.2 Financial Analysis

8.3.3 Strategic Positioning

8.3.4 Info Graphic Analysis

8.4 Sierra Wireless Inc.

8.4.1 Company Overview

8.4.2 Financial Analysis

8.4.3 Strategic Positioning

8.4.4 Info Graphic Analysis

8.5 Queclink Wireless Solutions Co., Ltd.

8.5.1 Company Overview

8.5.2 Financial Analysis

8.5.3 Strategic Positioning

8.5.4 Info Graphic Analysis

8.6 Shenzhen Concox Information Technology Co.

8.6.1 Company Overview

8.6.2 Financial Analysis

8.6.3 Strategic Positioning

8.6.4 Info Graphic Analysis

8.7 Laird plc

8.7.1 Company Overview

8.7.2 Financial Analysis

8.7.3 Strategic Positioning

8.7.4 Info Graphic Analysis

8.8 TomTom International BV

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Info Graphic Analysis

8.9 Meitrack Group

8.9.1 Company Overview

8.9.2 Financial Analysis

8.9.3 Strategic Positioning

8.9.4 Info Graphic Analysis

8.10 Teltonika UAB

8.10.1 Company Overview

8.10.2 Financial Analysis

8.10.3 Strategic Positioning

8.10.4 Info Graphic Analysis

8.11 ATrack Technology Inc.

8.11.1 Company Overview

8.11.2 Financial Analysis

8.11.3 Strategic Positioning

8.11.4 Info Graphic Analysis

8.12 Trackimo LLC

8.12.1 Company Overview

8.12.2 Financial Analysis

8.12.3 Strategic Positioning

8.12.4 Info Graphic Analysis

8.13 Geotab

8.13.1 Company Overview

8.13.2 Financial Analysis

8.13.3 Strategic Positioning

8.13.4 Info Graphic Analysis

8.14 Other Companies

8.14.1 Company Overview

8.14.2 Financial Analysis

8.14.3 Strategic Positioning

8.14.4 Info Graphic Analysis

The Global GPS Tracking Device Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the GPS Tracking Device Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global GPS tracking device market?

The global GPS tracking device market size is projected to grow from USD 1400 million in 2021 to USD 2600 million by 2026, at a CAGR of 13.18% during the forecast period.

Who are the major vendors in the GPS tracking device market?

Key and innovative vendors in the GPS tracking device market include Calamp Corp., Orbocomm Inc., Sierra Wireless Inc., Queclink Wireless Solutions Co., Ltd., Shenzhen Concox Information Technology Co., Laird plc, TomTom International BV, Meitrack Group, Teltonika UAB, ATrack Technology Inc., Trackimo LLC, and Geotab.

Which region has the highest market share in the GPS tracking device market?

Europe is estimated to hold the highest market share in the GPS tracking device market.

What is the Covid-19 impact on future GPS tracking device manufacturers?

Globally, Covid-19 impact on the future GPS tracking device market will be quite significant for the manufacturers since demand has fluctuated owing to lockdown in key nations throughout the world. Europe would be leading because of the expanding prevalence of key businesses coupled with different meetings and occasions identified with GPS tracking devices that are additionally held in Europe. Subsequently, the Asia Pacific market will be growing the fastest because of the huge number of assembling facilities and the expanding clamor for commercial vehicles for transportation and logistics purposes.

What are the major drivers in the GPS tracking device market?

The major driving factors for the GPS tracking device market include the soaring deployment of vehicle renting and rental services amongst the emerging nations is empowering vehicle rental organizations to install trackers to enhance their services. The expansion in cell connectivity is assisting fleet organizations with following their vehicle going in distant areas utilizing vehicle GPS tracking systems. The mechanical or technological progressions in the automotive area, like self-governing vehicles and others, are depending on GPS-based location tracking systems to improve the reliability and precision of navigation. Additionally, factors like reasonable value, high ROI, alongside a few environmental factors leading to poor user experience and different government commands like electronic logging devices (ELD) are boosting the markets advancement.