04-10-2025 07:52 AM CET |
Press release from: DataM Intelligence 4 Market Research LLP
GPS Tracking Market
The GPS Tracker Market is estimated to reach at a CAGR of 13.4% during the forecast period (2024-2031).
GPS Tracker Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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A GPS tracker is a device that uses the Global Positioning System (GPS) to determine and record the real-time location of a person, vehicle, or asset. It is widely used for navigation, fleet management, personal safety, and asset tracking.
List of the Key Players in the GPS Tracker Market:
Tenna, Teltonika, Letstrack Limited, Milsar Technologies S.R.L, Gofleet Corporation, Sky Patrol, Trackimo, Agnik LLC., Dogness Co., Ltd., Jimi IoT
Industry Development:
In London, 28,600 reports missing cases were filed for under-18s between April 2017 and March 2018, with a significant 72% increase in reported cases compared to the past decade. The market is seeking the demand for nano GPS trackers for children with products like Hellotrack and SpyTrack, small GPS trackers for improving kids safety.
Between April 2017 and March 2018, London recorded 28,600 missing person reports involving individuals under the age of 18-a staggering 72% increase compared to the previous decade. This surge has driven demand for nano GPS trackers designed to enhance child safety, with compact solutions like Hellotrack and SpyTrack enabling parents to monitor their children's real-time location and movements.
Growth Forecast Projected:
The Global GPS Tracker Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global GPS Tracker Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the GPS Tracker Market:
By Applications: Commercial Vehicles, Two Wheelers, Three Wheelers, Watches, Pet Collars, Others
By Type: Wearable Trackers, Hardwired, Battery Operated, Plug-in
By Use Case: Vehicle Trackers, Asset Trackers, Personal Trackers, Cellular-based Trackers
By End-Users: Government, Transportation, Construction, Oil & Gas, Mining & Metals, Others
Regional Analysis for GPS Tracker Market:
The regional analysis of the GPS Tracker Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the GPS Tracker market?
➠ Who are the leading manufacturers in the global GPS Tracker industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global GPS Tracker industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the GPS Tracker market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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