The global GPS tracking devices market was valued at USD 1,567.6 million in 2018 and is expected to reach USD xx million by 2026, growing at a CAGR of 12.2% during the forecast period.
GPS tracking devices are mainly used to obtain real-time location information of a vehicle, a person, or asset. These tracking devices are used for the detection of a vehicle or person by using the global positioning system, which can track and determine its precise location. The precise location of the moving person or vehicle can be recorded and transmitted with the help of the radio or satellite modem embedded in the tracking unit. The GPS tracking devices contain a GPS module for receiving the required signal.
The growth of the GPS tracking devices market is primarily driven by the Increasing demand for fleet telematics and affordable prices of GPS tracking devices. Moreover, new technologies like connected cars and increasing investment in research & development on the miniaturization of fleet monitoring devices are expected to create opportunities for the global GPS tracking devices market in the coming years. However, environmental obstacles and non-standard products are expected to impede the growth of the global GPS tracking devices market over the forecast period.
GPS Tracking Devices Market Segmentation |
|
| By Product Type | 1. Data Pushers |
| 2. Data Loggers | |
| 3. Data Pullers | |
| 4. Covert GPS Trackers | |
| 5. Others | |
| By Communication Technology | 1. Satellite |
| 2. Cellular | |
| 3. Dual Mode | |
| By End-use Industry | 1. Transportation & Logistics |
| 2. Oil & Gas | |
| 3. Metals & Mining | |
| 4. Construction | |
| 5. Government | |
| 6. Agriculture | |
| 7. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France, Italy, Spain and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India, South Korea, Southeast Asia and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The cellular communication technology segment is estimated to grow at a significant rate throughout the forecast period
Based on communication technology, the global GPS tracking devices market has been segmented into satellite, cellular, and dual-mode. The cellular segment is expected to grow at a significant rate over the forecast period, owing to the increasing penetration of 4G LTE network across the globe. Cellular communication helps fleet operators in tracking their fleets traveling in remote locations. The dual-mode segment is also expected to grow at a rate of xx%, owing to the combined benefits of satellite and cellular communication. Cost-effective benefits of cellular network and reliability of satellite communication solutions are enabling fleet managers to track their fleets effectively.
Based on end-use industry, the transportation & logistics segment is expected to dominate the market throughout the forecast period
Based on end-use industry, the GPS tracking devices market has been segmented into transportation & logistics, metals & mining, oil & gas, construction, government, agriculture, and others. The transportation & logistics segment is estimated to dominate the GPS tracking devices market throughout the forecast period. The transportation & logistics segment held a market share of over 25% in 2018, owing to the increasing adoption of fleet management solutions for improving the operational efficiency of fleet companies.
The fleet management applications of GPS tracking devices are enabling large fleet operators to monitor vehicle parameters such as precise location, fuel consumption, the behaviour of the driver, and condition of the engine, by using a tracking system installed in vehicles. Increasing internet penetration is also driving the adoption of GPS tracking devices integrated with smartphones and other handheld devices.
Asia Pacific to dominate the GPS tracking devices market throughout the forecast period
Based on the regions, the GPS tracking devices market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia-Pacific is expected to hold the largest share in the GPS tracking devices market. A rapid increase in GDP and huge automotive sales are contributing to the growth of this region.
The European market for GPS tracking devices is already in a mature phase and is expected to register considerable growth in the coming years. The growth of the European market is attributed to the increasing penetration of driverless cars and the rising trend of shared transportation. Moreover, factors like increasing focus on green fleet management, which can be done by proper reporting and tracking of vehicle maintenance, is fostering the growth of GPS tracking devices market in this region. The North America GPS tracking devices market is also growing at a significant rate owing to the emergence of many technologies and the presence of major solution providers in the region.
Company Profiles and Competitive Intelligence:
The major players operating in the global GPS tracking devices market are, Laird PLC (UK), Starcom System Ltd. (US), Shenzen Coban Electronics Co., Ltd. (China), Concox Information Technology Co., Ltd (China), Sierra Wireless Inc. (Canada), Meitrack Group (China), Calamp Corp. (US), Orbocomm Inc. (US), ATrack Technology Inc. (Taiwan), Trackimo (US), and Trimble Inc. (US), among others.
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation Scope
Chapter 2 Executive Summary
2.1 Market Summary
2.1.1 Global GPS Tracking Devices Market, 2016-2026, (Units) (US$ Mn)
2.1 Market Snapshot: Global GPS Tracking Devices Market
2.2 Market Dynamics
2.3 Global GPS Tracking Devices Market, by Segment, 2018
2.3.1 Global GPS Tracking Devices Market, by Product Type, 2018, (Units) (US$ Mn)
2.3.2 Global GPS Tracking Devices Market, by Communication Technology, 2018, (Units) (US$ Mn)
2.3.3 Global GPS Tracking Devices Market, by End-use Industry, 2018, (Units) (US$ Mn)
2.3.4 Global GPS Tracking Devices Market, by Region, 2018 (Units) (US$ Mn)
2.4 Premium Insights
2.4.1 GPS Tracking Devices Market In Developed Vs. Developing Economies, 2018 vs 2023
2.4.2 Global GPS Tracking Devices Market: Regional Life Cycle Analysis
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 Increasing demand for fleet telematics
3.2.2 Affordable prices of GPS tracking devices
3.3 Market Restraints
3.3.1 Environmental obstacles and the non-standard product
3.3.2 Restraint 2
3.4 Market Opportunities
3.4.1 Increasing adoption of hybrid and electric vehicles
3.4.2 Opportunity 2
3.5 Industry Value Chain Analysis
3.5.1 Analyst’s Views
3.6 Industry SWOT Analysis
Chapter 4 Global GPS Tracking Devices Market, by Product Type
4.1 Market Overview, by Product Type
4.1.1 Global GPS Tracking Devices Market, by Product Type, 2016-2026 (Units) (US$ Mn)
4.1.2 Incremental Opportunity, by Product Type, From 2018-2026
4.2 Data Pushers
4.2.1 Global GPS Tracking Devices Market, by Data Pushers, 2016-2026, (Units) (US$ Mn)
4.3 Data Loggers
4.3.1 Global GPS Tracking Devices Market, by Data Loggers, 2016-2026, (Units) (US$ Mn)
4.4 Data Pullers
4.4.1 Global GPS Tracking Devices Market, by Data Pullers, 2016-2026, (Units) (US$ Mn)
4.5 Covert GPS Trackers
4.5.1 Global GPS Tracking Devices Market, by Covert GPS Trackers, 2016-2026, (Units) (US$ Mn)
4.6 Others
4.6.1 Global GPS Tracking Devices Market, by Others, 2016-2026, (Units) (US$ Mn)
Chapter 5 Global GPS Tracking Devices Market, by Application
5.1 Market Overview, by Application
5.1.1 Global GPS Tracking Devices Market, by Application, 2016-2026 (Units) (US$ Mn)
5.1.2 Incremental Opportunity, by Application, From 2018-2026
5.2 Satellite
5.2.1 Global GPS Tracking Devices Market, by Satellite, 2016-2026, (Units) (US$ Mn)
5.3 Cellular
5.3.1 Global GPS Tracking Devices Market, by Cellular, 2016-2026, (Units) (US$ Mn)
5.4 Dual Mode
5.4.1 Global GPS Tracking Devices Market, by Dual Mode, 2016-2026, (Units) (US$ Mn)
Chapter 6 Global GPS Tracking Devices Market, by End-use Industry
6.1 Market Overview, by End-use Industry
6.1.1 Global GPS Tracking Devices Market, by End-use Industry, 2016-2026 (Units) (US$ Mn)
6.1.2 Incremental Opportunity, by End-use Industry, From 2018-2026
6.2 Transportation & Logistics
6.2.1 Global GPS Tracking Devices Market, by Transportation & Logistics, 2016-2026, (Units) (US$ Mn)
6.3 Oil & Gas
6.3.1 Global GPS Tracking Devices Market, by Oil & Gas, 2016-2026, (Units) (US$ Mn)
6.4 Metals & Mining
6.4.1 Global GPS Tracking Devices Market, by Metals & Mining, 2016-2026, (Units) (US$ Mn)
6.5 Construction
6.5.1 Global GPS Tracking Devices Market, by Construction, 2016-2026, (Units) (US$ Mn)
6.6 Government
6.6.1 Global GPS Tracking Devices Market, by Government, 2016-2026, (Units) (US$ Mn)
6.7 Agriculture
6.7.1 Global GPS Tracking Devices Market, by Agriculture, 2016-2026, (Units) (US$ Mn)
6.8 Others
6.8.1 Global GPS Tracking Devices Market, by Others, 2016-2026, (Units) (US$ Mn)
Chapter 7 Global GPS Tracking Devices Market, by Region
7.1 Market Overview, by Region
7.1.1 Global GPS Tracking Devices Market, by Region, 2016-2026, (Units) (US$ Mn)
7.2 Attractive Investment Opportunity, by Region, 2018
7.3 North America GPS Tracking Devices Market
7.3.1 North America GPS Tracking Devices Market, by Product Type, 2016-2026 (Units) (US$ Mn)
7.3.2 North America GPS Tracking Devices Market, by Application, 2016-2026 (Units) (US$ Mn)
7.3.3 North America GPS Tracking Devices Market, by End-use Industry, 2016-2026 (Units) (US$ Mn)
7.3.4 United States Country Profile
7.3.4.1 United States GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.3.5 Canada Country Profile
7.3.5.1 Canada GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.4 Europe GPS Tracking Devices Market
7.4.1 Europe GPS Tracking Devices Market, by Product Type, 2016-2026 (Units) (US$ Mn)
7.4.2 Europe GPS Tracking Devices Market, by Application, 2016-2026 (Units) (US$ Mn)
7.4.3 Europe GPS Tracking Devices Market, by End-use Industry, 2016-2026 (Units) (US$ Mn)
7.4.4 United Kingdom Country Profile
7.4.4.1 United Kingdom GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.4.5 Germany Country Profile
7.4.5.1 Germany GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.4.6 France Country Profile
7.4.6.1 France GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.4.7 Italy Country Profile
7.4.7.1 Italy GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.4.8 Spain Country Profile
7.4.8.1 Spain GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.4.9 Rest of Europe
7.4.9.1 Rest of Europe GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.5 Asia Pacific GPS Tracking Devices Market
7.5.1 Asia Pacific GPS Tracking Devices Market, by Product Type, 2016-2026 (Units) (US$ Mn)
7.5.2 Asia Pacific GPS Tracking Devices Market, by Application, 2016-2026 (Units) (US$ Mn)
7.5.3 Asia Pacific GPS Tracking Devices Market, by End-use Industry, 2016-2026 (Units) (US$ Mn)
7.5.4 China Country Profile
7.5.4.1 China GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.5.5 Japan Country Profile
7.5.5.1 Japan GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.5.6 India Country Profile
7.5.6.1 India GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.5.7 South Korea Country Profile
7.5.7.1 South Korea GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.5.8 Southeast Asia
7.5.8.1 Southeast Asia GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.5.9 Rest of Asia Pacific
7.5.9.1 Rest of Asia Pacific GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.6 Latin America GPS Tracking Devices Market
7.6.1 Latin America GPS Tracking Devices Market, by Product Type, 2016-2026 (Units) (US$ Mn)
7.6.2 Latin America GPS Tracking Devices Market, by Application, 2016-2026 (Units) (US$ Mn)
7.6.3 Latin America GPS Tracking Devices Market, by End-use Industry, 2016-2026 (Units) (US$ Mn)
7.6.4 Brazil Country Profile
7.6.4.1 Brazil GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.6.5 Mexico Country Profile
7.6.5.1 Mexico GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.6.6 Rest of Latin America
7.6.6.1 Rest of Latin America GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.7 Middle East & Africa GPS Tracking Devices Market
7.7.1 Middle East & Africa GPS Tracking Devices Market, by Product Type, 2016-2026 (Units) (US$ Mn)
7.7.2 Middle East & Africa GPS Tracking Devices Market, by Application, 2016-2026 (Units) (US$ Mn)
7.7.3 Middle East & Africa GPS Tracking Devices Market, by End-use Industry, 2016-2026 (Units) (US$ Mn)
7.7.4 GCC
7.7.4.1 GCC GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
7.7.5 Rest of Middle East & Africa
7.7.5.1 Rest of Middle East & Africa GPS Tracking Devices Market, 2016-2026 (Units) (US$ Mn)
Chapter 8 Competitive Intelligence
8.1 Introduction
8.2 Players Evaluated During the Study
8.3 Market Players Present in Market Life Cycle
8.4 Top 5 Players Comparison
8.5 Market Positioning of Key Players, 2018
8.6 Market Players Mapping
8.6.1 By Product Type
8.6.1 By Application
8.6.2 By End-use Industry
8.6.3 By Region
8.7 Strategies Adopted by Key Market Players
8.8 Recent Developments in the Market
8.8.1 Mergers & Acquisitions, Partnership, New Product Developments
8.9 Operational Efficiency Comparison by Key Players
Chapter 9 Company Profiles
9.1 Laird PLC
9.1.1 Laird PLC Overview
9.1.2 Key Stakeholders/Person in Laird PLC
9.1.3 Laird PLC Products Portfolio
9.1.4 Laird PLC Financial Overview
9.1.5 Laird PLC News/Recent Developments
9.2 Starcom System Ltd.
9.2.1 Starcom System Ltd. Overview
9.2.2 Key Stakeholders/Person in Starcom System Ltd.
9.2.3 Starcom System Ltd. Products Portfolio
9.2.4 Starcom System Ltd. Financial Overview
9.2.5 Starcom System Ltd. News/Recent Developments
9.3 Shenzen Coban Electronics Co., Ltd.
9.3.1 Shenzen Coban Electronics Co., Ltd. Overview
9.3.2 Key Stakeholders/Person in Shenzen Coban Electronics Co., Ltd.
9.3.3 Shenzen Coban Electronics Co., Ltd. Products Portfolio
9.3.4 Shenzen Coban Electronics Co., Ltd. Financial Overview
9.3.5 Shenzen Coban Electronics Co., Ltd. News/Recent Developments
9.4 Concox Information Technology Co., Ltd
9.4.1 Concox Information Technology Co., Ltd Overview
9.4.2 Key Stakeholders/Person in Concox Information Technology Co., Ltd
9.4.3 Concox Information Technology Co., Ltd Products Portfolio
9.4.4 Concox Information Technology Co., Ltd Financial Overview
9.4.5 Concox Information Technology Co., Ltd News/Recent Developments
9.5 Sierra Wireless Inc.
9.5.1 Sierra Wireless Inc. Overview
9.5.2 Key Stakeholders/Person in Sierra Wireless Inc.
9.5.3 Sierra Wireless Inc. Products Portfolio
9.5.4 Sierra Wireless Inc. Financial Overview
9.5.5 Sierra Wireless Inc. News/Recent Developments
9.6 Meitrack Group
9.6.1 Meitrack Group Overview
9.6.2 Key Stakeholders/Person in Meitrack Group
9.6.3 Meitrack Group Products Portfolio
9.6.4 Meitrack Group Financial Overview
9.6.5 Meitrack Group News/Recent Developments
9.7 Calamp Corp.
9.7.1 Calamp Corp. Overview
9.7.2 Key Stakeholders/Person in Calamp Corp.
9.7.3 Calamp Corp. Products Portfolio
9.7.4 Calamp Corp. Financial Overview
9.7.5 Calamp Corp. News/Recent Developments
9.8 Orbocomm Inc.
9.8.1 Orbocomm Inc. Overview
9.8.2 Key Stakeholders/Person in Orbocomm Inc.
9.8.3 Orbocomm Inc. Products Portfolio
9.8.4 Orbocomm Inc. Financial Overview
9.8.5 Orbocomm Inc. News/Recent Developments
9.9 Atrack Technology Inc.
9.9.1 Atrack Technology Inc. Overview
9.9.2 Key Stakeholders/Person in Atrack Technology Inc.
9.9.3 Atrack Technology Inc. Products Portfolio
9.9.4 Atrack Technology Inc. Financial Overview
9.9.5 Atrack Technology Inc. News/Recent Developments
9.10 Trackimo
9.10.1 Trackimo Overview
9.10.2 Key Stakeholders/Person in Trackimo
9.10.3 Trackimo Products Portfolio
9.10.4 Trackimo Financial Overview
9.10.5 Trackimo News/Recent Developments
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