Technavio has been monitoring the GPS tracker market and is forecast to grow by USD 2133.8 mn during 2023-2028, accelerating at a CAGR of 19.09% during the forecast period. Our report on the GPS tracker market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for fleet management system, growing investment in satellite deployment, and growing investment in LTE network.
Technavio's GPS tracker market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
15.56%
CAGR
19.09%
Incremental Value
$2133.8mn
By End-user
Logistics and transportation
Construction and mining
Government
Oil and gas
By Technology
Standalone tracker
Obd device
Advance tracker
By Geography
Europe
APAC
North America
Middle East and Africa
South America
This study identifies the increasing number of strategic partnerships and acquisitions as one of the prime reasons driving the GPS tracker market growth during the next few years. Also, government mandates regarding integration of GPS trackers into vehicles and growing demand for advanced GPS trackers will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the GPS tracker market covers the following areas:
GPS tracker market sizing
GPS tracker market forecast
GPS tracker market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading GPS tracker market vendors that include ArusNavi, CalAmp Corp., GalileoSky Research Scientific Association LLC, Geotab Inc., JSC Teltonika, Laipac Technology Inc., Meitrack Group, Michelin Group, Mielta Technologies, Navtelecom LLC, ORBCOMM Inc., Queclink Wireless Solutions Co. Ltd., Sensata Technologies Inc., Shenzhen Coban Electronics Co. Ltd., Shenzhen Eelink Communication Technology Co. Ltd., Shenzhen Jimi IoT Co. Ltd., Sierra Wireless Inc., Trackimo Inc., Traxbean Technology Ltd. Co., and UAB Ruptela. Also, the GPS tracker market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Technology
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global GPS Tracker Market 2018 - 2022
Historic Market Size - Data Table on Global GPS Tracker Market 2018 - 2022 ($ million)