GPS Tracker Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR45887
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The GPS tracker market share is expected to increase by USD 914.96 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 11.91%.

This GPS tracker market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers GPS tracker market segmentation by end-user (logistics and transportation, construction and mining, government, and oil and gas) and geography (Europe, APAC, North America, MEA, and South America). The GPS tracker market report also offers information on several market vendors, including CalAmp Corp., Concox Information Technology Co. Ltd., Geotab Inc., JSC Teltonika, Navtelecom LLC, ORBCOMM Inc., Queclink Wireless Solutions Co. Ltd., SENSATA TECHNOLOGIES HOLDING PLC, Sierra Wireless Inc., and UAB Ruptela among others.

What will the GPS Tracker Market Size be During the Forecast Period?

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GPS Tracker Market: Key Drivers and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing demand for fleet management systems is notably driving the GPS tracking device market growth, although factors such as growing demand for OBD dongles may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the GPS tracker industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key GPS Tracker Market Driver

One of the key factors driving growth in the GPS tracker market is the increasing demand for fleet management systems. A fleet management system helps in cost optimization through which companies aim to improve the efficiency of the fleet. Fleet management is necessary in a wide range of industries such as courier, construction, oil and gas, and others. Several companies from a wide range of industries are implementing fleet management systems in their business operations. This is driving the demand for GPS trackers. During the first half of 2020, the fleet industry was hampered by the spread of the COVID-19 pandemic globally due to widespread lockdown measures implemented by governments of different countries. However, new fleet management systems were introduced by tech companies to overcome the challenges. For instance, Trinetra Wireless and GPS Trackit are among the key IoT fleet solution companies that are offering new GPS-enabled fleet managing systems designed to overcome the challenges faced by fleet managers during the spread of COVID-19. Therefore, the increase in the demand for fleet management systems during the COVID-19 pandemic will further enhance the growth of the market.

Key GPS Tracker Market Challenge

The growing demand for onboard diagnostic (OBD) dongles will be a major challenge for the GPS tracker market during the forecast period. OBD dongles are devices that plug directly into the OBD-II port of the vehicle and connect wirelessly to a network. OBD dongles can provide various features such as vehicle diagnostics, roadside assistance, stolen vehicle tracking, geofencing, and speed alerts. OBD dongles are also embedded with various sensors such as inertial, motion, and shock sensors that can detect idle time while the engine is on as well as sense gear shifts, hard brakes, and accelerations from moving vehicles. This helps in determining the driving pattern and behavior, fuel efficiency, and road conditions. The adoption of these devices is witnessed in both personnel as well as fleet management. They provide almost all the functionalities of GPS tracking and geo-fencing and are less expensive than fleet management solutions. Fleet owners are increasingly opting for OBD dongles, which, in turn, is hindering the growth of the global GPS tracker market.

This GPS tracker market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major GPS Tracker Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • CalAmp Corp.
  • Concox Information Technology Co. Ltd.
  • Geotab Inc.
  • JSC Teltonika
  • Navtelecom LLC
  • ORBCOMM Inc.
  • Queclink Wireless Solutions Co. Ltd.
  • SENSATA TECHNOLOGIES HOLDING PLC
  • Sierra Wireless Inc.
  • UAB Ruptela

 

This statistical study of the GPS tracker market encompasses successful business strategies deployed by the key vendors. The GPS tracking device market is fragmented and the vendors are deploying growth strategies such as pricing and marketing strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The GPS tracker market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for GPS Tracker Market?

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33% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for GPS trackers in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The growing demand for ride-hailing services will facilitate the GPS tracker market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the GPS Tracker Market?

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The GPS tracker market share growth by the logistics and transportation segment will be significant during the forecast period. The optimization of the supply chain through continuous tracking of assets is the primary focus of enterprises in the market.  Some of the instances related to the same are given below: Perishable products such as food can lose their market value if the delivery is delayed. In the e-commerce industry, on-time delivery is required to ensure customer satisfaction. For products such as ornaments, security is crucial in the supply chain. Companies are opting for fleet management solutions to achieve supply chain optimization. The adoption of GPS trackers is also increasing in the transportation segment. One of the major drivers is the growth of ride-hailing services, including cab services and vehicle tracking for delivery services such as UBER Eats, Seamless, Grubhub, and others.

This report provides an accurate prediction of the contribution of all the segments to the growth of the GPS tracking device market size and actionable market insights on post COVID-19 impact on each segment.

 

GPS Tracker Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11.91%

Market growth 2021-2025

$ 914.96 million

Market structure

Fragmented

YoY growth (%)

9.63

Regional analysis

Europe, APAC, North America, MEA, and South America

Performing market contribution

APAC at 33%

Key consumer countries

China, US, Germany, France, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

CalAmp Corp., Concox Information Technology Co. Ltd., Geotab Inc., JSC Teltonika, Navtelecom LLC, ORBCOMM Inc., Queclink Wireless Solutions Co. Ltd., SENSATA TECHNOLOGIES HOLDING PLC, Sierra Wireless Inc., and UAB Ruptela

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this GPS Tracker Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive GPS tracker market growth during the next five years
  • Precise estimation of the GPS tracker market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the GPS tracking device industry across Europe, APAC, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of GPS tracking device market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Logistics and transportation - Market size and forecast 2020-2025
    • Construction and mining - Market size and forecast 2020-2025
    • Government - Market size and forecast 2020-2025
    • Oil and gas - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • CalAmp Corp.
      • Concox Information Technology Co. Ltd.
      • Geotab Inc.
      • JSC Teltonika
      • Navtelecom LLC
      • ORBCOMM Inc.
      • Queclink Wireless Solutions Co. Ltd.
      • SENSATA TECHNOLOGIES HOLDING PLC
      • Sierra Wireless Inc.
      • UAB Ruptela

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The gps tracker market growth will increase by $914.96 million during 2020-2025.
      The gps tracker market is expected to grow at a CAGR of 11.91% during 2020-2025.
      Technavio has segmented the gps tracker market by end user (Logistics and transportation, Construction and mining, Government, and Oil and gas) and geographic (Europe, APAC, North America, MEA, and South America).
      CalAmp Corp., Concox Information Technology Co. Ltd., Geotab Inc., JSC Teltonika, Navtelecom LLC, ORBCOMM Inc., Queclink Wireless Solutions Co. Ltd., SENSATA TECHNOLOGIES HOLDING PLC, Sierra Wireless Inc., UAB Ruptela are a few of the key vendors in the gps tracker market.
      APAC will register the highest growth rate of 33.08% among the other regions. Therefore, the gps tracker market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • Germany
      • France
      • Japan
      The key factors driving the gps tracker market growth are:
      • Increasing demand for fleet management system
      The gps tracker market vendors should focus on grabbing business opportunities from the logistics and transportation segment as it accounted for the largest market share in the base year.
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