GPS Tracking Device Market worth $3.7 billion by 2025 - PowerPoint PPT Presentation

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GPS Tracking Device Market worth $3.7 billion by 2025


The GPS tracking device market is expected to reach USD 3.7 billion by 2025, at a CAGR of 11.4% between 2017 and 2025 – PowerPoint PPT presentation

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Updated: 4 November 2019
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Title: GPS Tracking Device Market worth $3.7 billion by 2025

MarketsandMarkets Presents
GPS Tracking Device Market worth 3.7 billion by
2025 The GPS tracking device market is expected
to reach USD 3.7 billion by 2025, at a CAGR of
11.4 between 2017 and 2025
MarketsandMarkets Presents
Advance GPS tracker to have the largest share
in the overall GPS tracking device market during
the forecast period The advance GPS trackers are
being used by various fleet management services
providers to offer superior services beyond
vehicle tracking and tracing. Fleet owners are
interested in increasing operation efficiency to
achieve higher ROI. However, the availability of
advanced data analytics tools further favors
their demand. The growth of these devices is
driven by the growth of commercial fleet
management and declining prices of GPS
MarketsandMarkets Presents
 Commercial vehicle deployment type is projected
to have the largest market share in 2025 Advance
trackers are more popular in commercial vehicle
owners as they offered advanced vehicle
diagnostics data that can be further monetized to
increase the fleet operational performance and
usage-based insurance calculation, and
maintenance scheduling. The vehicle tracking is
shifting from basic automatic vehicle location to
data-driven solution. Therefore, organizations
are looking to get beyond location and more
interested in engine performance parameters.
MarketsandMarkets Presents
 APAC is projected to dominate the GPS tracking
device market between 2017 and 2025 APAC is one
of the emerging markets for the GPS tracking
devices. The usage of GPS tracking devices in
this region is less as compared to other regions.
Thus, APAC is an untapped market with a huge
growth potential of the GPS tracking device.
Growing demand of commercial vehicles in the
region is the key driver for the growth of the
GPS tracking device market in APAC region.
Moreover, supportive government programs, and new
product launches and developments by key players
are also driving the growth of the APAC market.
MarketsandMarkets Presents
Some of the key players offering GPS Tracking
devices include Calamp (US), Orbocomm (US),
Sierra Wireless (Canada), Quelink Wireless
Solution (China), Concox Wireless Solution
(China), TomTom International (Netherlands),
Laird (UK), Xirgo Technologies (US), and Maestro
Wireless Solutions (Hong Kong) among others.
MarketsandMarkets Presents
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MarketsandMarkets Presents
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