Global Gps Tracking Device Market was valued at USD 1.46 Billion in the year 2017. Global GPS Tracking Device Market is further estimated to grow at a CAGR of 11.12% from 2017 to reach USD 2.74 Billion by the year 2023. Europe region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At country level, developed markets like UK as well the emerging markets like China with highest population base holds a notable market share in 2017 and it is projected to grow at a gradual pace in the coming years.

Sierra Wireless, Inc. (Canada), Orbocomm Inc. (US), Laird PLC (UK), Calamp Corporation (US), Queclink Wireless Solutions Co., Ltd (China) are some of the key players in the GPS Tracking Device Market with Laird PLC holding the significant market share because of its better global presence both at production and at an operational level. Rising research and development expenses to address the changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
Drivers:
Increasing demand for commercial vehicles
Restraints:
Changing government regulations & policies as per region
Opportunities:
Use of GPS tracking devices by small businesses for process improvement
Challenges:
Estimating the demand to cater production capacity
Segmentation done on the basis of Industry includes Oil & Gas, Metals & Mining, Transportation & Logistics, Construction of which the Transportation & Logistics segment is expected to hold the highest market share during the forecast period.

The Construction segment is also expected to grow at the highest CAGR of XXX during year 2017-2023. This growth is attributed due to the use wireless entertainment systems.

Get Free Report Sample Report with Full Customization https://goo.gl/FMijGB

Key Benefits for Stakeholders
GPS Tracking Device Manufacturers, Distributors and Retailers
Research and Consulting organization
Government bodies
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Regulatory bodies, policy makers and consumers.

By Type
OBD Device
Advance Tracker
Standalone Tracker

By Deployment Type
Cargo and Container
Commercial Vehicle

By Industry
Oil & Gas
Metals & Mining
Transportation & Logistics
Construction
Others

By Region
North America
Europe
Asia-Pacific
ROW

Key Market Players
Sierra Wireless, Inc.
Orbocomm Inc.
Laird PLC
Calamp Corporation
Queclink Wireless Solutions Co., Ltd
Shenzhen Concox Information Technology Co., Ltd
Meitrack Group
Atrack Technology Inc.
Trackimo LLC
Teltonika UAB
(Another brief information of 15 companies will provided in report)

Get full Report with TOC https://goo.gl/nruuXy

Detailed customization is also available for you. Further, if the report listed above does not meet with your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.