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DUBLIN--(BUSINESS WIRE)--Jul 14, 2022--
The "GPS Tracking Device Market: Trends, Opportunities and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The future of the GPS tracking device market looks promising with opportunities in the transportation and logistics, construction, oil and gas, and metal & mining industries.
The GPS tracking device market is expected to reach an estimated $2.9 billion by 2027 with a CAGR of 8% from 2021 to 2027. The major drivers for this market are growth in the transportation and logistics industry and the affordable price of GPS tracking devices.
Emerging trends, which have a direct impact on the dynamics of the GPS tracking device industry include, the development of humancentric GPS tracking and monitoring devices and more emphasis on livestock welfare tracking.
A total of 88 figures/charts and 79 tables are provided in this 190-page report to help in your business decisions. To learn the scope of benefits, companies researched, and other details of the GPS tracking device market report, then you should read this report.
In this market, transportation and logistics is the largest end use industry, whereas a commercial vehicle is the largest market by deployment.
The study includes trends and forecasts for the global GPS tracking device market by device type, deployment type, end use industry, and region as follows:
By End Use Industry [Value ($M) and Volume (Million Units) shipment analysis from 2016 to 2027]:
By Device Type [Value ($M) and Volume (Million Units) shipment analysis from 2016 to 2027]:
By Deployment [Value ($M) and Volume (Million Units) shipment analysis from 2016 to 2027]:
By Region [Value ($M) and Volume (Million Units) shipment analysis for 2016-2027]:
The analyst forecasts that GPS tracking devices for the commercial vehicle market will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to growth in commercial vehicle production and increasing uses of GPS tracking devices in the transportation and logistic industry.
Within the GPS tracking device market, transportation and logistics will remain the largest end use industry due to the increasing adoption of GPS tracking in the transportation and logistics sector for real time fleet management and the affordable price of GPS tracking devices.
North America will remain the largest region due to the increasing adoption of intelligent transport systems.APAC is expected to witness the highest growth over the forecast period, supported by increasing vehicle production and increasing trade activities.
Features of the Global GPS Tracking Device Market
This report answers the following 11 key questions
Q.1 What are some of the most promising, high-growth opportunities for the global GPS tracking device market by end use industry (transportation and logistics, construction, oil and gas, metal and mining, government, and others), device type (standalone trackers, OBD devices, and advanced trackers), deployment type (commercial vehicles, cargo and containers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the GPS tracking device market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market, and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity did occur in the last five years in the GPS tracking device market?
For more information about this report visit https://www.researchandmarkets.com/r/pgl6p8
View source version on businesswire.com:https://www.businesswire.com/news/home/20220714005448/en/
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