Edison , NJ -- (SBWire) -- 02/28/2019 --A GPS tracking device is a navigation device generally carried by a moving person or a vehicle that is used to track the location and movements of a vehicle or person. GPS tracking devices are used to obtain real-time location-based data with high accuracy as well as to track its precise location. The location can be traced out, stored and transmitted to others, which are connected through the internet using satellite or cellular modem embedded in the unit. Additionally, Data tracking software is available for smartphones with GPS.
According to AMA, the market for GPS Tracking Devices is expected to register a CAGR of 12.95% during the forecast period to 2024.
This market research report looks into and analyzes the Global GPS Tracking Devices Market and illustrates a comprehensive evaluation of its evolution and its specifications. Another aspect that was considered is the cost analysis of the main products dominant in the Global Market considering the profit margin of the manufacturers.
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Major Key Players in This Report Include,
ORBCOMM (United States), Laird PLC (United Kingdom), CalAmp Corporation (United States), Sierra Wireless Inc. (Canada), Teltonika UAB (Lithuania), Geotab Inc. (Canada), Shenzhen Concox Information Technology Co., Ltd (China), Tomtom International BV (Netherlands), Queclink Wireless Solutions Co., Ltd (China) and Trackimo LLC (United States)
This research is categorized differently considering the various aspects of this market. It also evaluates the current situation and the future of the market by using the forecast horizon. The forecast is analyzed based on the volume and revenue of this market. The tools used for analyzing the Global GPS Tracking Devices Market research report include SWOT analysis.
The regional analysis of Global GPS Tracking Devices Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2019-2025.
The Global GPS Tracking Devices Market in terms of investment potential in various segments of the market and illustrate the feasibility of explaining the feasibility of a new project to be successful in the near future. The core segmentation of the global market is based on product types, SMEs and large corporations. The report also collects data for each major player in the market based on current company profiles, gross margins, sales prices, sales revenue, sales volume, photos, product specifications and up-to-date contact information.
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AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Table of Content
1. Market Overview
1.1. Introduction
1.2. Scope/Objective of the Study
1.2.1. Research Objective
2. Executive Summary
2.1. Introduction
3. Market Dynamics
3.1. Introduction
3.2. Market Drivers
3.2.1. Rapid Growth of Commercial Vehicles
3.2.2. High ROI and Better Accuracy
3.2.3. The Rising Demand for GPS Devices Owing To Affordable Prices
3.3. Market Challenges
3.3.1. Increasing Adoption of Hardware Agnostic Tracking Solutions
3.4. Market Trends
3.4.1. Driver Behavior Monitoring
3.4.2. Increase in Telematics
4. Market Factor Analysis
4.1. Porters Five Forces
4.2. Supply/Value Chain
4.3. PESTEL analysis
4.4. Market Entropy
4.5. Patent/Trademark Analysis
5. Global GPS Tracking Devices, by Type, Deployment Type, Tracking Device, Component, End User and Region (value, volume and price ) (2013-2018)
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GPS Tracking Devices Market Growing Popularity and Emerging Trends in the Industry Analysis by Key Players: Orbcomm, Laird, CalAmp, Sierra Wireless, Teltonika UAB
GPS Tracking Devices Comprehensive Study by Type (OBD (On Board Devices), Standalone Tracker, Advance Tracker), Deployment Type (Commercial Vehicle, Cargo and Container, Others), Tracking Device (Satellite, Cellular), Component (GPS Loggers, Personal GPS Trackers, Real-Time GPS Trackers, Others), End User (Transportation & Logistics, Automotive & Aerospace, Construction, Oil & Gas, Metals & Mining, Others) Players and Region - Global Market Outlook to 2024