GPS tracking equipment market potential value
The APAC will be the fastest-growing GPS tracking device market during the forecast period. APAC is an emerging market for GPS tracking devices. The penetration of GPS tracking devices in this region is low compared to other regions. Thus, it is an untapped market with a huge potential for growth of GPS tracking device. China has a huge potential market for GPS trackers. Shanghai, Shenzhen, and Ningbo-Zhoushan are some of the world's busiest ports. A large number of cargo and containers are transported from these ports. Thus, GPS trackers for cargo and containers are expected to grow in the said region. Queclink Wireless Solutions Co., Ltd. (China), Concox Information Technology Co., Ltd. (China), and Meitrack Group (China) are well-established players from Chinese GPS tracking device market.
The GPS tracking device market to exhibit significant growth potential between 2017 and 2023. Moreover, the advent of cellular technology reduced the service cost, while the decline in GNSS/GPS IC makes inroads in cell phone that provide the scale of economies to GNSS/GPS module supplier. The DIVE matrix provided in the report gives in-depth analysis of various manufacturers in the GPS tracking device market and listed them in dynamic players, innovators, vanguards, and emerging players.
Research Coverage: The research report on the global GPS tracking device market covers different segments?type, deployment type, communication technology, industry, and geography. The market has been segmented on the basis of type into standalone tracker, onboard diagnosis (OBD) device, and advance tracker. On the basis of deployment type, the GPS tracking device market has been classified into commercial vehicle, cargo and container, and others. The report covers qualitative information of two types of communication technology?satellite and cellular communication. Further, the GPS tracking device market has been segmented on the basis of industries into transportation & logistics, oil & gas, metals & mining, construction, government, and others (hospitality, education, retail, agriculture, and healthcare). The report covers four major geographic regions?North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
On a related note, another research titled Smart Fleet Management Market Global Forecast to 2022 says, the global smart fleet management market is projected to grow at a CAGR of 8.0% from 2017 to 2022, to reach $462.48 billion by 2022. Asia-Pacific: High growth potential market. Real Time Monitoring: Technology for present and future.
Concox GPS vehicle trackers can help you locate and track your vehicles including cars, trucks etc. The trackers have many functions such as SOS alarm, real-time tracking, and voice monitoring, two-way communication and durability. You can move your tracker from car to car. Or you can track your vehicle even if it’s being stolen.
More information at https://www.iconcox.com/