At 12+% CAGR, GPS Tracking Device Market Potentially Worth $2.89 Billion by 2023 Led by Transportation & Logistics Industry

PUNE, India, June 21, 2017 /PRNewswire-iReach/ -- The transportation & logistics holds the largest share of the overall GPS tracking device market. 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. Complete report on "GPS Tracking Device Market" spread across 142 pages, profiling 12 companies and supported with 63 tables and 44 figures is now available at http://www.rnrmarketresearch.com/gps-tracking-device-market-by-type-standalone-tracker-obd-device-advance-tracker-deployment-type-commercial-vehicle-cargo-container-industry-transportation-logistics-metals-mining-and-construction-st-to-2023-market-report.html .

The APAC will be the fastest-growing GPS tracking device market during the forecast period. APAC is an emerging market for GPS tracking devices. The penetration of GPS tracking devices in this region is low compared to other regions. Thus, it is an untapped market with a huge potential for growth of GPS tracking device. China has a huge potential market for GPS trackers. Shanghai, Shenzhen, and Ningbo-Zhoushan are some of the world's busiest ports. A large number of cargo and containers are transported from these ports. Thus, GPS trackers for cargo and containers are expected to grow in the said region. Queclink Wireless Solutions Co., Ltd. (China), Concox Information Technology Co., Ltd. (China), and Meitrack Group (China) are well-established players from Chinese GPS tracking device market.

The GPS tracking device market to exhibit significant growth potential between 2017 and 2023. 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. The DIVE matrix provided in the report gives in-depth analysis of various manufacturers in the GPS tracking device market and listed them in dynamic players, innovators, vanguards, and emerging players.

This research study is obliging for following audience:

    1. Associations, organizations, forums, and alliances
    2. Supplier of GPS tracking devices
    3. GNSS/GPS IC supplier
    4. GNSS module supplier
    5. GPS antenna supplier
    6. Companies involves in fleet management and telematics
    7. Distributors and traders
    8. Research organizations and consulting companies
    9. Semiconductor product designers and fabricators
    10. Software and service providers
    11. Technology investors
    12. Technology solution providers

The key players in the market include Calamp Corp. (US), Orbocomm Inc. (US), Sierra Wireless Inc. (Canada), Quelink Wireless Solution Co., Ltd. (China), Concox Wireless Solution Co., Ltd. (China), Ruptela UAB (Lithuania), Laird Plc (UK), Atrack Technology Inc. (Taiwan), Meitrack Group (China), Teltonika UAB (Lithuania), Trackimo LLC (US), and Geotab Inc. (Canada). Download PDF Brochure "GPS Tracking Device Market by Type (Standalone Tracker, OBD Device & Advance Tracker), Deployment Type (Commercial Vehicle, Cargo & Container), Industry (Transportation & Logistics, Metals & Mining, and Construction) and Geography - Global Forecast to 2023" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1077283 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (30%), Tier 2 (35%) and Tier 3 (35%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (55%), Director Level (30%) and others (15%) from various key organizations operating in the GPS tracking device market. The primary interviews were conducted worldwide covering regions such as North America (20%), Europe (35%), APAC (35%), and RoW (10%).

Research Coverage: The research report on the global GPS tracking device market covers different segments--type, deployment type, communication technology, industry, and geography. The market has been segmented on the basis of type into standalone tracker, onboard diagnosis (OBD) device, and advance tracker. On the basis of deployment type, the GPS tracking device market has been classified into commercial vehicle, cargo and container, and others. The report covers qualitative information of two types of communication technology--satellite and cellular communication. Further, the GPS tracking device market has been segmented on the basis of industries into transportation & logistics, oil & gas, metals & mining, construction, government, and others (hospitality, education, retail, agriculture, and healthcare). The report covers four major geographic regions--North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

On a related note, another research titled Smart Fleet Management Market Global Forecast to 2022 says, the global smart fleet management market is projected to grow at a CAGR of 8.0% from 2017 to 2022, to reach $462.48 billion by 2022. Asia-Pacific: High growth potential market. Real Time Monitoring: Technology for present and future. Companies such as Continental AG (Germany), Denso Corporation (Japan), Robert Bosch GmbH (Germany), Otto Maritime Limited (Singapore) have been profiled in this 167 pages research report available at http://www.rnrmarketresearch.com/smart-fleet-management-market-by-transportation-automotive-rolling-stock-marine-hardware-tracking-optimization-adas-and-diagnostic-connectivity-short-long-and-cloud-solution-tracking-and-optimizatio-st-to-2022-market-report.html .

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