DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "GPS Tracking Device Market by Type (Standalone Tracker, OBD Device & Advance Tracker), Deployment Type (Commercial Vehicle, Cargo), Industry (Transportation & Logistics, Metals & Mining, & Construction) & Geography - Global Forecast to 2023" report to their offering.
The GPS tracking device market is expected to reach USD 2.89 Billion by 2023, at a CAGR of 12.91% between 2017 and 2023.
The key driving factors for the growth of the GPS tracking device market include the increase in sales of commercial vehicles, smaller size, affordable price, and high ROI. Moreover, the advent of cellular technology reduced the service cost, while the decline in GNSS/GPS IC makes inroads in cell phone that provide the scale of economies to GNSS/GPS module supplier.
GPS tracking device is widely used in commercial vehicles such as trucks, trailers, buses, and light commercial vehicles for tracking purposes. According to International Organization of Motor Vehicle Manufacturers (OICA), the global commercial vehicle sales have surged by 3.27% and 4.37% in 2015 and 2016, respectively. Concern related to safety and security of high-value assets and valuable data generated by these devices engine diagnostics drive the growth of transportation & logistics industry.
Companies Mentioned
- Atrack Technology Inc.
- Calamp Corporation
- Geotab Inc.
- Laird Plc.
- Maestro Wireless Solutions Ltd.
- Meitrack Group
- Orbocomm Inc.
- Queclink Wireless Solutions Co ., Ltd
- Ruptela Uab
- Shenzhen Coban Electronics Co., Ltd
- Shenzhen Concox Information Technology Co., Ltd
- Sierra Wireless, Inc.
- Teltonika Uab
- Tomtom International Bv
- Trackimo Llc
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Xirgo Technologies, Inc.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 GPS Tracking Device Market, By Type
7 GPS Tracking Device Market, By Deployment Type
8 Communication Technologies for Gps Tracking Device
9 GPS Tracking Device Market, By Industry
10 Gps Tracking Device Market, By Geography
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/2zzcvg/gps_tracking
