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GPS Tracker Market

GPS tracking devices are used for tracking the movements any person or vehicles, which help in determining the exact location of the assets<br>

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GPS Tracker Market

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  1. GPS Tracker Market - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026 GPS Tracker Market study provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players. GPS tracking devices are used for tracking the movements any person or vehicles, which help in determining the exact location of the assets. This information is stored in the tracking unit, which are further transmitted to a central location database by using a cellular devices, radio, or satellite modem embedded in the unit. Browse Complete Report For More Information @ https://www.coherentmarketinsights.com/ongoing-insight/gps-tracker-market-2093 Increasing adoption of Internet of Things (IoT) and Cloud Technology is one of the major factors driving growth of the market One of the major factors attributed to growth of the market is advancement in Internet of Things (IoT) and cloud technology due to increasing penetration of internet users across the world. For instance, according to the Internet World Stats, in June 2017, total Internet users were reported to be 3.88 billion among global population of 7.52 billion. Moreover, according to the Coherent Market Insights’ analysis, the number of Internet of things (IoT) connected devices was US$ 17.72 billion in 2016, and it has increased to US$ 20.38 billion, worldwide. Integration of IoT and cloud technology provides facility to install the GPS tracking device in any location such as ofce, home, and many more, which further increases security of physical assets placed in the residential and business. This device allows users to monitor individual, animals, vehicles, or any

  2. object in real time, which in turn makes communication rapid and faster between devices and users along with high accuracy, precision, and reliability. Global GPS Tracker Market: Segment Trends Among deployment type, commercial vehicles segment accounted for the largest market share in 2017, and expected to hold the largest market share in the global GPS tracker market during the forecast period (2018 to 2026). The factor attributed to growth of the market is increasing sales of commercial vehicles worldwide. For instance, according to The Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2015 the sales of commercial vehicles was 23.3 million and it has grown up to 24.3 million in 2016. Global GPS Tracker Market: Regional Insights The GPS tracker market in Asia Pacifc region is expected to exhibit the highest CAGR during the forecast period of 2018 to 2026. The factor attributed to market growth is increasing stringent government regulations along with increase in production of vehicles in emerging economies such as India and China. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), the production of commercial vehicles in India in 2016 was 4.51 million and it has grown to 4.78 million in 2017. Global GPS Tracker Market: Competitive Landscape Major player operating in the global tracker GPS market include Orbcomm Inc., Laird PLC., Teltonika UAB, Geotab Inc., Sierra Wireless, Inc., Queclink Wireless Solutions Co., Ltd, Tomtom International Bv, Rilapp Technology Inc., Calamp Corporation, and Shenzhen Concox Information Technology Co. Global GPS Tracker Market: Taxonomy By Product Type •Standalone Tracker •Convert GPS Trackers •Advance Tracker By Components •GPS Loggers •Personal GPS Tracker •Real Time GPS Tracker By Deployment Type •Commercial Vehicle •Cargo & Container By Tracking Devices

  3. •Satellite •Cellular By Verticals •Transportation & Logistics •Construction •Oil & Gas •Metals & Mining •Government •Others (Education, Retail, Hospitality, Agriculture, and Health care) Inquire Here Before Purchase of Research Report @ https://www.coherentmarketinsights.com/insight/talk-to-analyst/2093 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting frm ofering actionn ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1n206n701n6702 Email: sales@coherentmarketinsights.com

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