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GPS Tracking Device Market worth $5.7 billion in 2028 - Exclusive Report by MarketsandMarkets™CHICAGO, March 23, 2023 /PRNewswire/ -- The GPS tracking device market is projected to grow from USD 3.1 billion in 2023 to USD 5.7 billion in 2028; it is expected to grow at a CAGR of 13.1% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of the market is attributed introduction of more advanced with smaller sizes, greater durability, and functionality. With recent technological advancements, it is possible to develop thumbnail-sized GPS receivers and tiny batteries, which make GPS tracking devices a long-lasting application.  Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142 Browse in-depth TOC on "GPS Tracking Device Market" Advance trackers to account for largest market during the forecast period. Advance trackers are professionally installed device in an automobile to record information related to vehicle crashes or accidents along with engine diagnostics and its location. These devices are connected to the automotive communication port to provide information on speed, location, driving patterns, and other vehicle-related data. These devices are better than standalone trackers, especially in-vehicle applications, as they capture vehicle performance parameters directly from the engine rather than its own sensors. Transportation & logistics segment is expected to register highest CAGR in the forecast period. Global commercial vehicle sales have surged by 3.27% and 4.37% in 2021 and 2022. This factor drives the deployment of GPS tracking of commercial vehicles, which in turn drives the growth of the transportation and logistics industry. A GPS tracking device is suitable for the logistics & transportation industry as it automates the workflow process and also ensures streamlined operations from material loading to final delivery. This factor, along with the growth of temperature-controlled logistics and taxi-hailing services, especially in Asia Pacific, generates demand for GPS tracking devices. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=142 Europe is expected to register largest market share in 2023. Europe, being an automotive hub, is one of the prominent markets for GPS tracking devices. All major European truck manufacturers such as AB Volvo (Sweden), Daimler AG (Germany), MAN SE (Germany), DAF Trucks NV (Netherlands), and IVECO S.p.A (Italy) offer integrated GPS tracking devices as a part of their product portfolio. ERA-GLONASS is an important development for GPS tracking devices in the Eropean market. Teltonika UAB (Lithuania), Ruptela UAB (Lithuania), and Baltic Car Equipment Ltd. (Lithuania) are the GPS tracking device manufacturers in Europe. Key players operating in the market include CalAmp Corp. (US), Orbcomm Inc. (US), Sierra Wireless, Inc. (Canada), Shenzhen Concox Information Technology Co., Ltd. (China), Queclink Wireless Solutions Co., Ltd. (China), TomTom International BV (Netherlands), Teltonika UAB (Lithuania), ATrack Technology Inc. (Taiwan), Ruptela (Lithuania), and Sensata Technologies, Inc. (US). Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=142 Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting Related Reports: Intelligent Transportation System Market by Offering (Hardware, Software), System (Advanced Traffic Management System, ITS-enabled Transportation Pricing System), Application (Roadways, Railways, Aviation, Marine) and Region - Global Forecast to 2028 Mid-and High-Level Precision GPS Receiver Market by Type (Differential Grade, Survey Grade), Industry (Agriculture, Mining, Construction, Oil & Gas) and Geography (2021-2026) GNSS Chip Market by Devices (Smartphones, In-Vehicle Systems, Tablets, Personal Navigation), Application (Location-Based Services, Navigation, Telematics, Surveying, Mapping, Timing & Synchronization), Vertical and Geography - Global Forecast to 2022 Equipment Monitoring Market by Monitoring Type (Vibration, Thermal, Motor Current, Alarm, GPS), Monitoring Process (Online, Portable), Deployment Type (On-premise, Cloud), Industry (Oil & Gas, Power, Automotive), and Region - Global Forecast to 2023 Anti-Jamming Market for GPS with COVID-19 Impact, by Receiver Type (Military & Government Grade, and Commercial Transportation Grade), Technique (Nulling, Beam Steering, and Civilian), End-User, Application, and Geography - Global Forecast to 2025 About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
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