The study covers a detailed analysis segmented by key business segments i.e. by type (Standalone Tracker, OBD Device and Advance Tracker) , by application (Agriculture, Smart Logistic and Transportation, Healthcare, Industrial Manufacturing, Oil and Gas, Consumer Electronics and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global GPS vehicle trackers market throughout the predicted period.
What is GPS vehicle trackers?
Increasing adoption of intelligent transport management system is the major driving factor in the growth of the global vehicle tracking systems market. Moreover, the growth in the sales of vehicle tracking systems, in order to maintain the safety and security concern within transportation services. In addition, increase in fleet operations especially in developing economies is expected to provides the lucrative opportunity in the growth of the GPS vehicle tracking systems market in upcoming years.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this GPS vehicle trackers market analysis report suggests strategies Players can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, including:
- Actility (France )
- AT&T Inc. (Germany)
- Huawei Technologies (China)
- Ingenu (United States)
- Link Labs Inc. (United States)
- Loriot (Switzerland)
- Nwave Technologies (United Kingdom)
- Qualcomm Inc. (United States)
- Semtech Corporation (United States)
- Senet Inc. (United States)
- Sigfox (France)
- Telefonica Sa (Spain)
- Vodafone Group Plc (United Kingdom)
- Waviot (United States)
- Weightless Sig (United Kingdom)
Market Trend
Continuous Innovations Such as Mobile Tracking and Enhanced Satellite View and Increasing Investments in Road up-Gradation or Constructing New Ones
Restraints
- Impact of Nonstandard Products and Several Environmental Factors Leads to Poor User Experience
Opportunities
Increasing Adoption of Hardware Agnostic Tracking Solutions and Surging the Demand for GPS Fleet Tracking Devices
Key highlights of the Global GPS vehicle trackers market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the GPS vehicle trackers market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global GPS vehicle trackers market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of GPS vehicle trackers Players
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global GPS vehicle trackers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in GPS vehicle trackers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers and Supplier of GPS tracking devices, GNSS/GPS IC supplier, GNSS module supplier, GPS antenna supplier, Distributors and traders, Semiconductor product designers and fabricators, Software and service providers, Technology investors and Technology solution providers.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.