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GPS Equipment Global Market Report 2025
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The GPS equipment encompasses various devices and tools used within the satellite navigation system. It aids in determining precise locations on the ground.

The primary product types include data loggers, data pushers, data pullers, and covert GPS trackers. Data loggers automatically monitor and record environmental parameters over time for analysis and validation. GPS equipment finds applications in road, aviation, marine, location-based services, surveying, mapping, and more, serving industries such as transportation, logistics, construction, oil and gas, mining, and government.

The GPS equipment market research report is one of a series of new reports from The Business Research Company that provides GPS equipment market statistics, including GPS equipment industry global market size, regional shares, competitors with a GPS equipment market share, detailed GPS equipment market segments, market trends and opportunities, and any further data you may need to thrive in the GPS equipment industry. This GPS equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The GPS equipment market size has grown rapidly in recent years. It will grow from $2.96 billion in 2024 to $3.32 billion in 2025 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to military application, consumer electronics boom, global positioning system (GPS) satellite, automotive industry adoption, government initiatives and investment.

The GPS equipment market size is expected to see rapid growth in the next few years. It will grow to $5.17 billion in 2029 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to growth in IoT and connected devices, security and anti-theft measure, data analytics and location-based services, demand surge in emergency response and disaster management, integration with autonomous drones. Major trends in the forecast period include expansion in outdoor recreation, growing safety concerns, emergence of autonomous vehicles, rising use in agriculture, government initiatives and regulations.

The growth of the GPS equipment market is strongly influenced by the increased utilization of GPS tracking devices in commercial vehicles. These devices play a crucial role in monitoring various commercial vehicles, including trucks, buses, heavy commercial vehicles, and construction vehicles. By employing GPS trackers, companies can achieve real-time monitoring, optimize routes, enhance operational efficiency, and improve fuel efficiency in their commercial vehicle fleets. This adoption of GPS technology provides businesses with a competitive edge, enabling them to offer superior customer experiences. Consequently, the widespread use of GPS equipment in the commercial vehicle sector stands out as a significant driver fueling the growth of the GPS equipment market.

The ongoing and expanding adoption of Internet of Things (IoT) devices and sensors is anticipated to be a key driver propelling the growth of the GPS equipment market. IoT devices and sensors serve as integral components within the broader IoT ecosystem, connecting physical objects and devices to the internet for data collection and exchange. The rising prevalence of IoT technology across diverse industries and sectors amplifies the demand for precise location data, reinforcing the importance of GPS equipment. As a concrete example, DataProt, a cybersecurity solutions company based in Serbia, reported in May 2023 that there were over ten billion active IoT devices in use in 2021, with an estimated projection of 25.4 billion by 2030. This surge in IoT device adoption underscores the increasing reliance on GPS equipment, solidifying its role as an essential component within the IoT landscape and contributing to the growth of the GPS equipment market.

The integration of advanced software with GPS trackers has witnessed rapid development, contributing to the market's growth. The use of sophisticated software enables the delivery of real-time location data and enhances mapping capabilities. Advanced software integration allows GPS trackers to seamlessly integrate with resources such as Google Earth and facilitates predictive diagnosis. For instance, Trackem, a US-based platform for monitoring resources, supplies, and job progress, introduced its latest version of the GPS tracking platform in September 2022. This updated system features tools for tracking fuel bills, fleet-wide fuel usage, mileage analysis, and driver scorecards. Driver scorecards provide insights into driving habits, helping identify areas for improvement and training purposes. Additionally, the system includes a Maintenance area to assist fleet managers in staying current with vehicle repairs, optimizing fuel efficiency. The continuous development of enhanced GPS tracking solutions positively contributes to the overall growth of the market.

Major companies in the GPS equipment market are investing in the development of high-precision tracking devices. A notable example is Bad Elf LLC, a US-based computer hardware manufacturing company, which introduced the Bad Elf Flex Mini in July 2023. This innovative product is a high-precision Bluetooth GNSS (Global Navigation Satellite System) receiver specifically designed for geospatial professionals. The Bad Elf Flex Mini offers various accuracy levels, including an extreme mode with RTK (Real-Time Kinematic) support, enabling sub-foot accuracy for diverse mapping requirements. The device supports multiple satellite constellations to ensure global coverage and establishes a connection with smartphones and tablets via Bluetooth. It boasts features such as a long-lasting battery, a rugged design, and a companion app compatible with both iOS and Android platforms. The Bad Elf Flex Mini aims to provide a cost-effective and user-friendly solution for collecting high-precision location data, particularly in challenging field conditions.

In October 2023, CNH Industrial N.V., a UK-based agricultural machinery company, acquired Hemisphere GNSS for an undisclosed sum. This strategic acquisition has empowered CNH Industrial with in-house expertise in global satellite navigation technology. This move facilitates the acceleration of the company's strategic plans for automation and autonomy technology in the fields of agriculture and construction. The aim is to offer enhanced efficiency and productivity to customers through advanced positioning and navigation solutions. Hemisphere GNSS, the acquired company, is based in the U.S. and specializes in providing cutting-edge solutions in precision agriculture and construction.

Major companies operating in the GPS equipment market include Garmin Ltd., Sensata Technologies Inc., Trimble Navigation Limited, Jimi IoT, MiTAC Digital Technology Corporation (Navman), Eelink Communication Technology Limited, Queclink Wireless Solutions Co. Ltd., TomTom International BV, Geotab Inc., Teltonika UAB, Calamp Corporation, Sierra Wireless Inc., Mio Technology Corporation, Verizon, Orbocomm Inc., Concox Wireless Solution, Shenzhen Concox Information Technology Co. Ltd., ATrack Technology Inc., Meitrack Group, Trackimo LLC, Ruptela UAB, Xirgo Technologies Inc., Shenzhen Coban Electronics Co. Ltd., Maestro Wireless Solutions, Spy Tec Inc.

The Asia-Pacific was the largest region in the GPS equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global GPS equipment market share during the forecast period. The regions covered in the gps equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the gps equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The global positioning system GPS equipment market consists of sales of equipment for determining the ground position of an object through GPS satellites. GPS is a satellite navigation system that transmits specific signals that allow GPS equipment to decode and measure the satellite's exact location. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in the GPS equipment market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

GPS Equipment Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on gps equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Where is the largest and fastest growing market for gps equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The gps equipment market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Scope

Table of Contents

1. Executive Summary

2. GPS Equipment Market Characteristics

3. GPS Equipment Market Trends And Strategies

4. GPS Equipment Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market

5. Global GPS Equipment Growth Analysis And Strategic Analysis Framework

6. GPS Equipment Market Segmentation

7. GPS Equipment Market Regional And Country Analysis

8. Asia-Pacific GPS Equipment Market

9. China GPS Equipment Market

10. India GPS Equipment Market

11. Japan GPS Equipment Market

12. Australia GPS Equipment Market

13. Indonesia GPS Equipment Market

14. South Korea GPS Equipment Market

15. Western Europe GPS Equipment Market

16. UK GPS Equipment Market

17. Germany GPS Equipment Market

18. France GPS Equipment Market

19. Italy GPS Equipment Market

20. Spain GPS Equipment Market

21. Eastern Europe GPS Equipment Market

22. Russia GPS Equipment Market

23. North America GPS Equipment Market

24. USA GPS Equipment Market

25. Canada GPS Equipment Market

26. South America GPS Equipment Market

27. Brazil GPS Equipment Market

28. Middle East GPS Equipment Market

29. Africa GPS Equipment Market

30. GPS Equipment Market Competitive Landscape And Company Profiles

31. GPS Equipment Market Other Major And Innovative Companies

32. Global GPS Equipment Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The GPS Equipment Market

34. Recent Developments In The GPS Equipment Market

35. GPS Equipment Market High Potential Countries, Segments and Strategies

36. Appendix

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