According to a market report by Lucintel, the future of the GPS tracking device market looks promising with opportunities in the transportation & logistics, construction, oil & gas, government, and metals & mining industries. The GPS tracking device market is expected to grow with a CAGR of 12% from 2019 to 2024. The major drivers for this market are growth of commercial vehicles and affordable price of the GPS device.
In this market, standalone tracker, OBD device, and advance tracker are the major device type. Advance tracker is the largest segment. Within the GPS tracking device market, transportation & logistics, construction, oil & gas, metals & mining, and government are the major end use industries. Transportation & logistics is the largest end use industry for GPS tracking device. Commercial vehicle and cargo & container are the major deployment type of the GPS tracking device market. Europe will remain the largest market over the forecast period.
Calamp, Orbocomm., Sierra Wireless., Atrack Technology, Geotab, Concox Information Technology, Trackimo, Meitrack Group, and Ruptela UABGeoforce are among the major manufacturers of GPS tracking device
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the GPS tracking device market by type, deployment type, end use industry, and region. Lucintel has prepared a comprehensive research report titled “GPS Tracking Device Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the GPS tracking device market by device type, deployment type, end use industry, region as follows:
By Device Type [$M shipment analysis for 2013 – 2024]:
• Standalone Tracker
• OBD Device
• Advance Tracker
By Deployment Type [$M shipment analysis for 2013 – 2024]:
• Commercial Vehicle
• Cargo & Container
• Others
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Transportation & Logistics
• Construction
• Oil & Gas
• Metals & Mining
• Government
• Others (Hospitality, Education, Retail, Agriculture, and Healthcare)
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages 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 visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the GPS tracking device market by device type (standalone tracker, OBD device, advance tracker), by deployment type (commercial vehicle, cargo & container), by end use industry (transportation & logistics, construction, oil & gas, metals & mining, government), and by region (North America, Europe, Asia Pacific (APAC), Rest of the World (ROW))?
Q.2 which segments will grow at a faster pace and why?
Q.3 which regions will grow at a faster pace and why?
Q.4 what are the key factors affecting market dynamics? What are the drivers and challenges of the GPS tracking device market?
Q.5 what are the business risks and threats to the GPS tracking device market?
Q.6 what are emerging trends in this GPS tracking device market and the reasons behind them?
Q.7 what are some changing demands of customers in the GPS Tracking Device market?
Q.8 what are the new developments in the GPS tracking device market? Which companies are leading these developments?
Q.9 who are the major players in this GPS tracking device market? What strategic initiatives are being implemented by key players for business growth?
Q.10 what are some of the competitive products and processes in this GPS tracking device area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, GPS tracking device market?