GPS Tracking Devices Market Scope
A GPS tracking device is a navigation device generally carried by a moving person or a vehicle that is used to track the location and movements of a vehicle or person. GPS tracking devices are used to obtain real-time location-based data with high accuracy as well as to track its precise location. The location can be traced out, stored and transmitted to others, which are connected through the internet using satellite or cellular modem embedded in the unit. Additionally, Data tracking software is available for smartphones with GPS.
According to AMA, the Global GPS Tracking Devices market is expected to see growth rate of 12.95%
Research Analyst at AMA estimates that United States, China, Taiwan Players will contribute to the maximum growth of Global GPS Tracking Devices market throughout the predicted period.
ORBCOMM (United States), Laird PLC (United Kingdom), CalAmp Corporation (United States), Sierra Wireless Inc. (Canada), Teltonika UAB (Lithuania), Geotab Inc. (Canada), Shenzhen Concox Information Technology Co., Ltd (China), Tomtom International BV (Netherlands), Queclink Wireless Solutions Co., Ltd (China), Trackimo LLC (United States) and Sitael S.p.A. (Italy) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Meitrack Group (China), Atrack Technology Inc. (Taiwan), Xirgo Technologies Inc. (United States), Shenzhen Coban Electronics Co., Ltd (China), Maestro Wireless Solutions Ltd. (China) and Tenna, LLC (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global GPS Tracking Devices market by Type (OBD (On Board Devices), Standalone Tracker and Advance Tracker) and Region with country level break-up.
On the basis of geography, the market of GPS Tracking Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 28 Feb 2018, Integrated Device Technology, Inc. announced that its latest wireless charging chipset is used in SITAEL's MAT (Magnetic Assisted Tap), a novel smartphone docking station that turns e-bikes into fully connected vehicles and which was recently named a CES 2018 Innovation Award Honoree in the Vehicle Intelligence and Self-Driving Technology category. MAT provides e-bikes with unique connected vehicle features when used with a smartphone. These features include a dashboard display that shows speed, distances, etc.; a navigator, real-time vehicle control and monitoring, a GPS/GPRS-based anti-theft system and smartphone wireless charging, an important feature of MAT.
On 10 Oct 2018, Tenna, has announced the launch of TennaGO, an IoT hardware tracking device representing the ongoing expansion of the Tenna product line. The device is suitable for tracking heavy equipment as well as machines that offer power sources, the TennaGO cellular trackers provide precise GPS tracking and management for high-value heavy yellow iron machines. TennaGO cellular trackers use IoT technology to connect equipment to the Tenna App on a mobile device for autonomous real-time tracking and monitoring.
- Driver Behavior Monitoring
- Increase in Telematics
- Rapid Growth of Commercial Vehicles
- High ROI and Better Accuracy
- The Rising Demand for GPS Devices Owing To Affordable Prices
- Usage of GPS Tracking Device for Usage-Based Insurance (UBI)
- Advancement in the Software & Technology
- Impact of Nonstandard Products and Several Environmental Factors
- Increasing Adoption of Hardware Agnostic Tracking Solutions
Key Target AudienceAssociations, organizations, forums, and alliances, Supplier of GPS tracking devices, GNSS/GPS IC supplier, GNSS module supplier, GPS antenna supplier, Companies involves in fleet management and telematics, Distributors and traders, Research organizations and consulting companies, Semiconductor product designers and fabricators, Software and service providers, Technology investors and Technology solution providers