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  • About GPS tracking device system market analysis

     

     

    GPS Tracking Device Market, By Type (Covert GPS Trackers, Standalone Tracker, Advance Tracker), by Components (GPS Loggers, Personal GPS Trackers, Real-Time GPS Trackers), By End-User (Automotive and aerospace, Healthcare, Transportation, Government and defense).

    Market Highlights: The study reveals that GPS Tracking Device is trending in North America region. Advance tracker is professionally installed in vehicles, cargo and container that not only provides vehicle location but also share engine diagnosis and various parameters for temperature-controlled logistics. The information related to vehicle performance captured by these devices are valuable, and due to this the adoption rate of these trackers is high as compared to other types of GPS trackers.

    According to Market Research Future Analysis, Global GPS Tracking Device Market has been valued at US $ ~2.53 Billion by the end of forecast period with ~11.9% of CAGR during forecast period 2017 to 2023.

    The study indicates that the increasing demand of GPS tracking devices for the surveillance to track the people, products and among them. It is becoming a trend in the developed countries as the GPS tracker is needed in various sector to provide, store and analyze the real-time data and surveillance to the people.

    GPS Tracking Device Market Segmentation: The GPS Tracking Device Market has been segmented on the basis of type, components, end -users and region. Looking through the end-user segment it has been observed that transportation sector is showing a rapid growth in GPS Tracking Device market and holds the largest market share. Whereas, the other sectors like government and commercial sector concern for their asset safety and security is the key driver for the growth of the GPS tracking device market.

    Market Research Analysis: On geographic basis, GPS Tracking Device market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with highest market share growth in the GPS Tracking Device market. Over two million people in North America region is using GPS Personal Emergency Response Systems. Growing demand of personal safety devices within the region is also driving the GPS tracking device market in the North America region.

    Europe region has a positive growth in the GPS Tracking Device market due to easy to uses in mobile application of these application. The transportation and telecommunication sectors are playing a major role in adopting of the GPS Tracking Device systems in the developing countries in Asia-pacific regions like China, Japan and others.

     

     

    "Advance GPS tracker to hold the largest market share in the overall GPS tracking device market during the forecast period": The growth of GPS tracking device market is driven by the growth of commercial fleet management and declining prices of GPS trackers. Advance tracker is professionally installed in the commercial vehicles to provide engine diagnosis data and vehicle performance-related information in addition to basic function. The information related to engine diagnosis can further be utilized to measure the performance of the vehicle in near-real time. Thus, this will likely to lead the adoption of advance GPS trackers.

    "Commercial vehicle deployment type is expected to hold the largest market share in 2023": Deployment of GPS tracking device helps to track and monitor commercial vehicles such as trucks, buses, heavy commercial vehicles, and construction vehicles. These vehicles are loaded with valuable goods, and thus it is important to track and monitor these commercial vehicles. Moreover, according to International Organization of Motor Vehicle Manufacturers (OICA), sales of commercial vehicles are on an uptrend and may drive the GPS tracking device market.

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