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GPS Tracking Device Market Share

Report ID: GMI6981
Published Date: Oct 2023
Report Format: PDF

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GPS Tracking Device Market Share

Players in the GPS tracking device industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. The strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, customer retention, and others. These players are also heavily investing in research & development to introduce innovative and technologically advanced GPS trackers. Some of the major players operating in the GPS tracking device industry are mentioned below:

CalAmp Corp.
Orbocomm Inc.
Sierra Wireless, Inc.
Queclink Wireless Solutions Co., Ltd.
Shenzhen Jimi IoT Co., Ltd.
TomTom International BV
Teltonika

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

GPS tracking device industry size exceeded USD 2.9 billion in 2022 and is anticipated to grow at over 12.5% CAGR between 2023 and 2032 due to increasing adoption to monitor vehicle movements, driver behavior, and operational activities remotely.

The standalone GPS type segment recorded over 40% share of the GPS tracking device industry in 2022 owing to need for continuous tracking and navigation capabilities.

Europe garnered over 30% share of the global GPS tracking device industry in 2022 owing to the rising emphasis on increasing the efficiency of fleet operations in the region.

Some key GPS tracking device firms include CalAmp Corp., Orbocomm Inc., Sierra Wireless, Inc., Queclink Wireless Solutions Co., Ltd., Shenzhen Jimi IoT Co., Ltd., TomTom International BV, and Teltonika