The key players of the GPS Tracking Device market are making moves like product launches, joint ventures, developments, merges and accusations which is affecting the GPS Tracking Device market and Industry as a whole and also affecting the sales, import, export, revenue and CAGR values.
The report contains all the information about market definition, classifications, applications and engagements for the GPS Tracking Device market that are very important to succeed in the market. The report also contains all the company profiles of all the players mentioned above while also explaining all the drivers and restrains of the market with the help of SWOT analysis.
The report also contains all the CAGR levels for the base year 2017 historic year 2016 and forecast years 2018-2025 for the GPS Tracking Device market.
Global GPS Tracking Device Market accounted to USD XX billion in 2016 growing at a CAGR of XX% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Global GPS Tracking Device Market By Type (Standalone Tracker, PBD Device, Advance Tracker) By Deployment type (Commercial Vehicle, Cargo and Container, Others), By Application (Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2025
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A GPS tracking unit is a device, normally carried by a moving vehicle or person, that uses the Global Positioning System to determine and track its precise location, and hence that of its carrier, at intervals. The latest trend in this market is growth in commercial vehicle leading to the growth of GPS system, they are in small in size, easy to carry, which may further develop the market in future. There is need of GPS tracking devices for several applications like Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government; others will create a huge market for the GPS tracking devices.
Major Market Competitors: Global GPS Tracking Device Market
Some of the major players operating in GPS tracking device market areCalamp Corporation, Sierra Wireless, Inc., Orbocomm Inc.,Queclink Wireless Solutions Co., Ltd, Shenzhen Concox Information Technology Co., Ltd, Laird PLC., Tomtom International Bv,MeitrackGroup,Teltonika UAB,Atrack Technology Inc.,Trackimo LLC,Geotab Inc., Shenzhen Coban Electronics Co., Ltd,Xirgo Technologies, Inc., Maestro Wireless Solutions Ltd.,Ruptela UAB, Spy tech, Inc., Verizon Wireless among others. In 2017, Volkswagen sign a deal with Sierra wireless Inc. to use the GPS tracking devices in their cars.
In 2018, Volkswagen sign a deal with Sierra wireless Inc. to use the GPS tracking devices in their cars.
GPS Tracking Device Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
- Commercial Vehicles increment leading to large supply of GPS system
- Smaller Size, Longer Life, and High ROI
- Low Prices
- Several Environmental Factors Leads to Poor User Experience
- Advancement in the Software
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