Saturday, June 15, 2024
HomeTechnology2023 Global "GPS Tracker Market " is Booming with Modern Trend by...

2023 Global “GPS Tracker Market ” is Booming with Modern Trend by 2032: Latest Research Report

GPS Tracker Market:

The gps car tracker market is projected to grow from USD 2.8 Billion in 2023 to USD 6.5 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.8% during the forecast period (2023 – 2030).  The device of the GPS tracker is used for tracking down and understanding the present location. The moving vehicle or even the people are using such device to know the right location. There are different factors for this market such as cloud technology and IoT that matters the most. The GPS tracker is also created with modern technology that offers different applications using some special features. The GPS tracker device can also be used for surveillance by placing it anywhere depending on the size and range. Along with it, the standalone use and advanced tracking solution have also gained quite a lot of popularity.

Request a Free Sample @

Key Players:

Key Companies in the GPS Tracker market includes,

  • Sierra Wireless
  • Orbocomm
  • Atrack Technology
  • Geotab Inc.
  • Box Telematics
  • Meitrack Group
  • Trackimo Group
  • Calamp Corp
  • Starcom System Ltd.
  • Concox Wireless Solution

As per the GPS Tracking Market, the demand for such solutions is more in sectors like transportation, IT and telecommunications to ensure the real-time information is offered to the vehicles, individuals and even the products. The GPS tracker is used for enhancing the security and safety of consumers and businesses. The pandemic has struck the whole region’s marketing field. The global GPS tracking device solution is one of the aspects that got affected and has lost production, workforce, transportation and communication to name some. The sales demand has declined because of different communication gaps and issues that actually forced the whole tracking service industry for adopting different techniques and strategies for improving production and sales.

Competitive Outlook:

The downturn effects visible in the market are estimated to stay a little longer due to the scale of impact on the global market. The need for prudent analysis of the market trends and demand projections is estimated to lead to formidable development in the market. The constraints of growth are expected to be significant and considerable support will be needed to transform the market effectively. The instability in the forces of demand and supply is estimated to create a beneficial impact on the overall global market in the forecast period. The restoration and everyday operations are estimated to take some time, which will lead to intensive development of build-up in delivery. The financial assistance provided by the government around the world and trade bodies is estimated to salvage the situation in the coming years. The need to build sustainability into the core assets of the companies will help companies’ battle situations like the current pandemic more effectively.

Laipac Technology, Inc., Atrack Technology Inc., TomTom International BV, Calamp Corp, Sierra Wireless Inc, Sony Mobile Communications Inc, Concox Information Technology Co., Ltd, Orbocomm Inc., Spy Tech, Inc, Verizon Wireless, and Queclink Wireless Solutions Co., Ltd are some of the powerful competitors in the GPS tracker market.

Market Segmentation:

Regional Analysis:

Depending on the regional classification, the market of the global GPS tracking device is widely spread in the different regions of the world. There are some of the top-notch performing regions which include Europe, North America, and Asia pacific. North America is known to be holding a good GPS Tracking Device Market Share in the forecast timelines out of all the other regions. The demand for GPS vehicle tracking is also quite high in other countries like Europe and the Asia Pacific and is likely to grow its market revenue in the coming years. There are other regions that also seem to be showing promising growth but a lack of technological advancement has slowed down their pace.

Download Sample PDF Copy of this Report to understand structure of the complete report (Including Full TOC, Table & Figures) @

Industry News:

In the year 2017, the Class B vessel tracking solution was created with Orbocomm, Weatherdock, and Pole Star Space Applications to be the key layers in this field.

Related Reports:

Online Meeting Software Market

Account Payable Market

Photogrammetry Software Market

Project Portfolio Management Software Market

BIM Software Market

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.


Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)



- Advertisment -
Google search engine

Most Popular