GPS Tracking Device Market: By Type (Standalone Tracker, OBD Device, Advanced Tracker), By Deployment Type (Commercial vehicle, Cargo & Containers), By End User (Automotive, Aerospace, Defense, Healthcare transportation, Others), By components (Personal GPS tracker, Real Time GPS tracker, GPS logger), and Geography

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GPS Tracking Device Market size was valued at USD 2,692.6 million in 2022, and is expected to grow at a 12.3% CAGR from 2023 to 2029. The GPS tracking device is the device used to track or determine the current location. The GPS trackers can be used in various sectors like automobiles, shipment containers, personnel GPS trackers for personal use, and such more. The main key factor driving the GPS tracking device market is the increasing demand for Internet on Things and Cloud technology. The GPS trackers are enhanced by the use of modern technology which provides various specifications to the users. The increasing demand for information technology, telecom industry, and logistics to keep a track on real-time information of a product, vehicles or even an individual. The demand for vehicle tracking devices increased due to the increasing number of accident.The increased number of accidents has grabbed the attention of government authority and fleet management to implement tracking devices. The vehicle tracking segment is expected to grow at a significant rate in the forecasted period. Furthermore, the increased sales of commercial vehicle and growing demand for IoT and Cloud technology is expected to boost the GPS tracking device market in the forecasted years. Increasing focus on safety & security and increasing usage of digital maps are expected to provide an opportunity in the growth of GPS tracking device market. Factors like strict rules and regulations regarding licensing and lack of network infrastructure in some underdeveloped countries and technological issues faced by these region people are the factors expected to hinder the growth of GPS tracking devices market. Geographically, Asia Pacific region is expected to hold major market share and is expected to dominate the global GPS tracking device market in the forecasted years.

GPS Tracking Device Market Key Developments:

  • In July 2021, Atrack Technology Inc., launched its product AK7V, an advanced vehicle tracking device which helps in fleet management for the customer.

GPS Tracking Device Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

12.3%

Largest Market

Asia Pacific

Fastest Growing Market

North America
GPS Tracking Device Market Dynamics

GPS tracking device market is growing due to the increase in demand for IoT and cloud technology, the increasing sales of commercial vehicles in region like China, India, Indonesia, Malaysia is expected to fuel the market growth rate in the forecasted period. The increasing incidence of road accidents has grasped the attentions of government authority and managements of the companies, thus government making regulations to mandatorily install tracking devices in the commercial vehicles. The safety and security concern of the people has also been increased in the historic years which additionally boosts the growth of GPS tracking devices market across the globe.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

GPS Tracking Device Market Segmentation

By Type
  • Standalone Tracker
  • OBD Device
  • Advanced Tracker
By Deployment Type
  • Commercial vehicle
  • Cargo & Containers
By End User
  • Automotive Aerospace Defense
  • Healthcare Transportation Others
By Components
  • Personal GPS tracker
  • Real Time GPS tracker
  • GPS logger
LOCATION

Geography

Frequently Asked Questions

The GPS Tracking Device market size was valued at USD 2,692.6 million in 2022.

The GPS Tracking Device market is poised to grow at a significant CAGR of 12.3% from 2023 to 2029.

The leading players in the global GPS tracking device market are Laird PLC, Calamp Corp., Teltonika UAB, Concox Wireless Solutions Co., Ltd., Tomtom International BV, Sierra Wireless Inc., Geotab Inc, Meitrack Group, Atrack Technology Inc, Orbocomm Inc, Ltd, Trackimo LL, Queclink Wireless Solutions Co., Ltd., Meiligao Groupteltonika, Spy Tec International, Rekvizitai.Lt Lithuania, Lantronix, Inc, Xirgo Technologies., GPS Insight, ClearpathGPS Inc.

Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation and Seven years forecast presented from 2023– 2029.

1. Executive Summary
2. Global GPS Tracking Device Market Introduction 
2.1.Global GPS Tracking Device Market  - Taxonomy
2.2.Global GPS Tracking Device Market  - Definitions
2.2.1.Type
2.2.2.Deployment Type
2.2.3.End User
2.2.4.Components
2.2.5.Region
3. Global GPS Tracking Device Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global GPS Tracking Device Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global GPS Tracking Device Market  By Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Standalone Tracker
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. OBD Device
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Advanced Tracker
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6. Global GPS Tracking Device Market  By Deployment Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Commercial vehicle
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Cargo & Containers
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7. Global GPS Tracking Device Market  By End User, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Automotive Aerospace Defense
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Healthcare Transportation Others
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
8. Global GPS Tracking Device Market  By Components, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. Personal GPS tracker
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Real Time GPS tracker
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. GPS logger
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
9. Global GPS Tracking Device Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10. North America GPS Tracking Device Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Standalone Tracker
10.1.2.OBD Device
10.1.3.Advanced Tracker
10.2.  Deployment Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Commercial vehicle
10.2.2.Cargo & Containers
10.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Automotive Aerospace Defense
10.3.2.Healthcare Transportation Others
10.4.  Components Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Personal GPS tracker
10.4.2.Real Time GPS tracker
10.4.3.GPS logger
10.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11. Europe GPS Tracking Device Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Standalone Tracker
11.1.2.OBD Device
11.1.3.Advanced Tracker
11.2.  Deployment Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Commercial vehicle
11.2.2.Cargo & Containers
11.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Automotive Aerospace Defense
11.3.2.Healthcare Transportation Others
11.4.  Components Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Personal GPS tracker
11.4.2.Real Time GPS tracker
11.4.3.GPS logger
11.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
12. Asia Pacific (APAC) GPS Tracking Device Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Standalone Tracker
12.1.2.OBD Device
12.1.3.Advanced Tracker
12.2.  Deployment Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Commercial vehicle
12.2.2.Cargo & Containers
12.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Automotive Aerospace Defense
12.3.2.Healthcare Transportation Others
12.4.  Components Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Personal GPS tracker
12.4.2.Real Time GPS tracker
12.4.3.GPS logger
12.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13. Middle East and Africa (MEA) GPS Tracking Device Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Standalone Tracker
13.1.2.OBD Device
13.1.3.Advanced Tracker
13.2.  Deployment Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Commercial vehicle
13.2.2.Cargo & Containers
13.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Automotive Aerospace Defense
13.3.2.Healthcare Transportation Others
13.4.  Components Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Personal GPS tracker
13.4.2.Real Time GPS tracker
13.4.3.GPS logger
13.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14. Latin America GPS Tracking Device Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
14.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Standalone Tracker
14.1.2.OBD Device
14.1.3.Advanced Tracker
14.2.  Deployment Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Commercial vehicle
14.2.2.Cargo & Containers
14.3.  End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Automotive Aerospace Defense
14.3.2.Healthcare Transportation Others
14.4.  Components Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Personal GPS tracker
14.4.2.Real Time GPS tracker
14.4.3.GPS logger
14.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Laird PLC
15.2.2.Calamp Corp
15.2.3.Teltonika UAB
15.2.4.Concox Wireless Solutions Co., Ltd.
15.2.5.Tomtom International BV
15.2.6.Sierra Wireless Inc.
16. Research Methodology 
17. Appendix and Abbreviations 
  • Laird PLC
  • Calamp Corp
  • Teltonika UAB
  • Concox Wireless Solutions Co., Ltd.
  • Tomtom International BV
  • Sierra Wireless Inc.
  • Geotab Inc.
  • Meitrack Group
  • Atrack Technology Inc.
  • Orbocomm Inc, Ltd.
  • Trackimo LLC
  • Queclink Wireless Solutions Co., Ltd.
  • Meiligao Groupteltonika
  • Spy Tec International
  • Rekvizitai.Lt Lithuania
  • Lantronix, Inc
  • Xirgo Technologies.
  • GPS Insight
  • ClearpathGPS, Inc

Adjacent Markets