APAC is projected to dominate the GPS tracking device market between 2017 and 2025

 The report "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 2025" The GPS tracking device market is expected to reach USD 3.7 billion by 2025, at a CAGR of 11.4% between 2017 and 2025. The factors that are driving the growth of market include the increasing sales of commercial vehicles, small farm factor, affordable price, and high ROI.

Browse 63 market data Tables and 44 Figures spread through 142 Pages and in-depth TOC on "GPS Tracking Device Market - Global Forecast to 2025"

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142

“Advance GPS tracker to have the largest share in the overall GPS tracking device market during the forecast period“

The advance GPS trackers are being used by various fleet management services providers to offer superior services beyond vehicle tracking and tracing. Fleet owners are interested in increasing operation efficiency to achieve higher ROI. However, the availability of advanced data analytics tools further favors their demand. The growth of these devices is driven by the growth of commercial fleet management and declining prices of GPS trackers.

 “Commercial vehicle deployment type is projected to have the largest market share in 2025”

Advance trackers are more popular in commercial vehicle owners as they offered advanced vehicle diagnostics data that can be further monetized to increase the fleet operational performance and usage-based insurance calculation, and maintenance scheduling. The vehicle tracking is shifting from basic automatic vehicle location to data-driven solution. Therefore, organizations are looking to get beyond location and more interested in engine performance parameters.

 “APAC is projected to dominate the GPS tracking device market between 2017 and 2025”

APAC is one of the emerging markets for the GPS tracking devices. The usage of GPS tracking devices in this region is less as compared to other regions. Thus, APAC is an untapped market with a huge growth potential of the GPS tracking device. Growing demand of commercial vehicles in the region is the key driver for the growth of the GPS tracking device market in APAC region. Moreover, supportive government programs, and new product launches and developments by key players are also driving the growth of the APAC market.

Some of the key players offering GPS Tracking devices include Calamp (US), Orbocomm (US), Sierra Wireless (Canada), Quelink Wireless Solution (China), Concox Wireless Solution (China), TomTom International (Netherlands), Laird (UK), Xirgo Technologies (US), and Maestro Wireless Solutions (Hong Kong) among others.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/global-GPS-market-and-its-applications-142.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441