GPS Tracking Device Market Is Expected to Reach $2.9 Billion by 2027 – an Exclusive Market Research Report by Lucintel

Trends and Forecast for the Global GPS Tracking Device Market
Trends, opportunities and forecast in GPS tracking device market to 2027 by end use industry (transportation and logistics, construction, oil and gas, metal and mining, government, and others), device type (standalone trackers, OBD devices, and advanced trackers), deployment (commercial vehicles, cargo and containers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)

Lucintel’s latest market report analyzed that GPS tracking device provides attractive opportunities in the transportation and logistics, construction, oil and gas, and metal & mining industries. The GPS tracking device market is expected to reach $2.9 billion by 2027 with a CAGR of 8%. In this market, commercial vehicle is the largest segment by deployment, whereas transportation and logistics is largest by end use industry. The development of humancentric GPS tracking and monitoring devices and more emphasis on livestock welfare tracking provides strategic growth path in this market.

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Based on deployment, the GPS tracking device market is segmented into commercial vehicles, cargo and containers, and others. The commercial vehicle segment is accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period due to growth in commercial vehicle production and increasing uses of GPS tracking devices in the transportation and logistic industry.    

Browse in-depth TOC on “GPS Tracking Device Market”

79 – Tables

88 – Figures

190 – Pages

The GPS tracking device market is marked by the presence of several big and small players. Some of the prominent players offering GPS tracking device include CalAmp Corporation, Orbcomm Inc., Sierra Wireless, ATrack Technology, Geotab, Concox Information, Trackimo, Meitrack Group, and Ruptela UAB.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link

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