Global Positioning System Tracking Device Market Size | 2031

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Global Positioning System Tracking Device Market Size | 2031

Global Positioning System Tracking Device Market Size | 2031

Segments - Global Positioning System (GPS) Tracking Device Market by Type (Data Pushers, Data Loggers, and Data Pullers), Technology (OBD Devices, Advance Trackers, and Standalone Trackers), Deployment (Cargo, Containers, and Commercial Vehicles), End-user (Healthcare, Automotive, Aerospace & Defense, Transportation, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global positioning system (GPS) tracking device market size was USD 2.9 Bn in 2022 and is likely to reach USD 6.7 Bn by 2031, expanding at a CAGR of 12.9% during, 2023–2031. Increasing demand for cloud technologies and the Internet of Things (IoT) are expected to fuel the market.

Global positioning system (GPS) tracking device is considered one of the most advanced inventions. GPS tracking devices are used to determine the precise location of a person, asset, or vehicle. These devices recorded location data and stored it within the tracking unit. This stored data is then transmitted to an internet-connected device with the help of radio, satellite, or cellular networks.

Global Positioning System (GPS) Tracking Device Market Outlook

A GPS tracking system is a mobile unit that allows users to track and monitor their specific location. These systems are mostly used in car tracking systems that are very similar to in-car navigation systems. GPS tracking devices increase the safety and security standards of consumers and thus improve businesses.

GPS navigation systems display drivers’ location on a virtual map which then delivers instructions while driving to reach a destination. However, GPS trackers use GPS technology to track the current location of vehicles and the history of their locations. The GPS data is then displayed on different monitors including computers, smartphones, or tablets.

The report finds that the COVID-19 pandemic slowed down the overall revenue generation of the global positioning system (GPS) tracking device market. Preventive measures imposed by governments across countries such as an emergency lockdown and several restrictions on traveling to curb the virus spread. However, the lockdown forced many industries to stop their operation, which reduced the demand for GPS tracking devices during the pandemic.

Global Positioning System (GPS) Tracking Device Market Dynamics

Major Drivers

Growing demand for real-time location tracking among different applications including telecommunication, retail, transportation, logistics, and e-commerce is expected to boost the market in the coming years. Transportation and logistics highly utilize GPS systems to trace the real-time location of products. This system helps in monitoring, which increases the efficiency of operation & safety.

Moreover, Growth in e-commerce businesses is anticipated to increase the demand for location tracking systems to detect delivery locations, provide live locations of products, and the effective recognition of delivery locations, which further drives the market in coming years.

Increasing sales of commercial vehicles are projected to drive the market during the projection period. Due to the rapid invention and development of GPS systems, the automotive sector using it for monitoring vehicles regarding directions. However, it helps to track the real-time location of vehicles, which further boosts the safety and security of vehicles as well as passengers.

Existing Restraints

Stringent rules associated with licensing are expected to restrain the market. The regulations for licensing and their approval requires a long process, which further limits the market growth. In addition, the lack of network facilities in remote areas affects the performance of location-tracking devices, which is anticipated to hinder market growth.

Emerging Opportunities

Rising usage in various public & private transport services such as taxis, trains, and buses is projected to create lucrative opportunities in the market. Increasing focus on the security & safety of passengers and vehicles results in market expansion. In 2021, the Ministry of Road Transport & Highways made a GPS tracking system mandatory for all oxygen-transporting cars for effective monitoring & protection to prevent diversions or delays.

The invention of the digital map is expected to create immense opportunities in the market, due to increasing numbers of internet subscribers, smartphones, and transportable internet devices. Many vehicles have virtual map display systems for route viewing and navigation purposes. The recent developments in virtual maps including 3D maps and easy locating are likely to fuel the market.

Scope of Global Positioning System (GPS) Tracking Device Market Report

The report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Global Positioning System (GPS) Tracking Device Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Type (Data Pushers, Data Loggers, and Data Pullers), Technology (OBD Devices, Advance Trackers, and Standalone Trackers), Deployment (Cargo, Containers, and Commercial Vehicles), and End-user (Healthcare, Automotive, Aerospace & Defense, Transportation, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
Key Players Covered in the Report	CalAmp; Shenzhen Jimi IoT Co., Ltd.; Queclink Wireless Solutions Co., Ltd.; Verizon; TomTom International BV; Geotab Inc.; Assured Telematics Inc.; ORBCOMM; ATrack Technology Inc.; and Laird Technologies, Inc.

Global Positioning System (GPS) Tracking Device Market Segment Insights

In terms of type, the global positioning system (GPS) tracking device market is fragmented into data pushers, data loggers, and data pullers. The data pushers segment is estimated to expand at a significant growth rate during the projection period, due to the growing demand for personal tracking solutions. GPS pushers analyze and stockpile real-time data for tracking. This type of GPS device is easy to use and is widely used in the security sector, as it shows the accurate location of a person or object.

Global Positioning System (GPS) Tracking Device Market Type

On the basis of technology, the market is segregated into OBD devices, advance trackers, and standalone trackers. The advance trackers segment is projected to register a considerable CAGR during the forecast period, as it provides information such as device coordination. It is embedded with cross-channel measurement and a GSM jamming detection algorithm for enhanced functionality. Moreover, it consists of a microphone to monitor a conversation and an integrated motion sensor to detect towing and movements. Increasing demand for enhanced tracking solutions is likely to boost segment growth.

Global Positioning System (GPS) Tracking Device Market Technology

Based on deployment, the global positioning system (GPS) tracking device market is categorized into cargo, containers, and commercial vehicles. The commercial vehicles segment is expected to expand at considerable CAGR in the coming years, owing to the rising demand for passengers’ safety.

The owners of commercial vehicles are required to provide advanced vehicle diagnostics data. This data is further monetized for increasing fleet operation performance, usage insurance calculation, and maintaining a schedule. However, vehicle tracking in commercial vehicles is used for routing, dispatching, fleet tracking, and maintaining onboard information & security.

On the basis of end-user, the market is segmented into healthcare, automotive, aerospace & defense, transportation, and others. The transportation segment is expected to register a robust growth rate during the forecast period, as GPS logistics mobility solutions assist an individual to control and monitor numerous vehicles of a workforce. The transportation sector widely used GPS tracking devices to find out simple and quick routes to be safe from heavy traffic. Driver misconduct is watched with GPS monitoring for enhancing safety. Rising transportation activities across the globe are expected to propel the segment.

In terms of region, the global positioning system (GPS) tracking device market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, owing to the growing transportation activities in developing countries such as India and China. Moreover, increasing demand for real-time tracking, navigation, security, and rising internet penetration activities is likely to fuel the market in the region.

Global Positioning System (GPS) Tracking Device Market Region

Segments

The global positioning system (GPS) tracking device market has been segmented on the basis of

Type

Data Pushers
Data Loggers
Data Pullers

Technology

OBD Devices
Advance Trackers
Standalone Trackers

Deployment

Cargo
Containers
Commercial Vehicles

End-user

Healthcare
Automotive
Aerospace & Defense
Transportation
Others

Region

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

CalAmp
Shenzhen Jimi IoT Co., Ltd.
Queclink Wireless Solutions Co., Ltd.
Verizon
TomTom International BV
Geotab Inc.
Assured Telematics Inc.
ORBCOMM
ATrack Technology Inc.
Laird Technologies, Inc.

Competitive Landscape

Key players operating in the global positioning system (GPS) tracking device market include CalAmp; Shenzhen Jimi IoT Co., Ltd.; Queclink Wireless Solutions Co., Ltd.; Verizon; TomTom International BV; Geotab Inc.; Assured Telematics Inc.; ORBCOMM; ATrack Technology Inc.; and Laird Technologies, Inc.

These companies adopted development strategies such as mergers, acquisitions, partnerships, collaboration, investments in R&D, and product launches to boost their market share. For instance,

In September 2022, Shenzhen Jimi IoT Co., Ltd. introduced LL303, a 4G solar tracker that is designed for tracking construction vehicles and ships. LL303 integrated with GPS, LBS, BDS, and WiFi multiple positioning systems, which offers vehicle location and trajectory information outside the production site to ensure productivity and product safety.
In June 2022, CalAmp partnered with Assured Telematics Inc. The partnership will offer electronic logging device (ELD) facility with CalAmp’s computing devices to commercial and public fleet operators. It enables them to capture critical data that are necessary for regulatory compliance.

Global Positioning System (GPS) Tracking Device Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Global Positioning System (GPS) Tracking Device Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Global Positioning System (GPS) Tracking Device Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Global Positioning System (GPS) Tracking Device Market - Supply Chain
  4.5. Global Global Positioning System (GPS) Tracking Device Market Forecast
     4.5.1. Global Positioning System (GPS) Tracking Device Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Global Positioning System (GPS) Tracking Device Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Global Positioning System (GPS) Tracking Device Market Absolute $ Opportunity
5. Global Global Positioning System (GPS) Tracking Device Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by Types
     5.3.1. Data Pushers
     5.3.2. Data Loggers
     5.3.3. Data Pullers
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Global Positioning System (GPS) Tracking Device Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by End Users
     6.3.1. Healthcare
     6.3.2. Automotive
     6.3.3. Aerospace & Defense
     6.3.4. Transportation
     6.3.5. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Global Positioning System (GPS) Tracking Device Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Global Positioning System (GPS) Tracking Device Demand Share Forecast, 2019-2026
8. North America Global Positioning System (GPS) Tracking Device Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by Types
     8.4.1. Data Pushers
     8.4.2. Data Loggers
     8.4.3. Data Pullers
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by End Users
     8.7.1. Healthcare
     8.7.2. Automotive
     8.7.3. Aerospace & Defense
     8.7.4. Transportation
     8.7.5. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Global Positioning System (GPS) Tracking Device Demand Share Forecast, 2019-2026
9. Latin America Global Positioning System (GPS) Tracking Device Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by Types
     9.4.1. Data Pushers
     9.4.2. Data Loggers
     9.4.3. Data Pullers
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by End Users
     9.7.1. Healthcare
     9.7.2. Automotive
     9.7.3. Aerospace & Defense
     9.7.4. Transportation
     9.7.5. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Global Positioning System (GPS) Tracking Device Demand Share Forecast, 2019-2026
10. Europe Global Positioning System (GPS) Tracking Device Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by Types
     10.4.1. Data Pushers
     10.4.2. Data Loggers
     10.4.3. Data Pullers
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by End Users
     10.7.1. Healthcare
     10.7.2. Automotive
     10.7.3. Aerospace & Defense
     10.7.4. Transportation
     10.7.5. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Global Positioning System (GPS) Tracking Device Demand Share Forecast, 2019-2026
11. Asia Pacific Global Positioning System (GPS) Tracking Device Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by Types
     11.4.1. Data Pushers
     11.4.2. Data Loggers
     11.4.3. Data Pullers
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by End Users
     11.7.1. Healthcare
     11.7.2. Automotive
     11.7.3. Aerospace & Defense
     11.7.4. Transportation
     11.7.5. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Global Positioning System (GPS) Tracking Device Demand Share Forecast, 2019-2026
12. Middle East & Africa Global Positioning System (GPS) Tracking Device Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by Types
     12.4.1. Data Pushers
     12.4.2. Data Loggers
     12.4.3. Data Pullers
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Global Positioning System (GPS) Tracking Device Market Size and Volume Forecast by End Users
     12.7.1. Healthcare
     12.7.2. Automotive
     12.7.3. Aerospace & Defense
     12.7.4. Transportation
     12.7.5. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Global Positioning System (GPS) Tracking Device Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Global Positioning System (GPS) Tracking Device Market: Market Share Analysis
  13.2. Global Positioning System (GPS) Tracking Device Distributors and Customers
  13.3. Global Positioning System (GPS) Tracking Device Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. CalAmp
     13.4.2. Shenzhen Jimi IoT Co., Ltd.
     13.4.3. Queclink Wireless Solutions Co., Ltd.
     13.4.4. Verizon
     13.4.5. TomTom International BV
     13.4.6. Geotab Inc.
     13.4.7. Assured Telematics Inc.
     13.4.8. ORBCOMM
     13.4.9. ATrack Technology Inc.
     13.4.10. Laird Technologies, Inc.