The worldwide market for GPS trackers is seeing a colossal development because of the rising of new applications that utilization the GPS trackers framework. The market is additionally expected to observe proceeded with income development in customary applications, for example, keeping assets from robbery. In any case, non-standard items will continuously be a worry in this market because of the low quality associated with the following. As indicated by a new report distributed by Future Market Insights named, “GPS Tracker Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” income from the worldwide GPS tracker market is probably going to be esteemed at US$ 3,482.3 Mn in 2027, extending at the CAGR of 8.4% during the projected period. This high-income development is credited to the customary utilization of GPS trackers as well as the advancement of new applications on the lookout and the rise of specialty players on the lookout.
Worldwide GPS Tracker Market: Forecast by Type
Based on type, the worldwide GPS tracker market is fragmented into independent trackers, OBD trackers, and advanced trackers. Albeit progressed trackers portion is expected to display a high market allure file over the gauge time frame, the OBD trackers section is relied upon to snatch the biggest income portion of 37.8% and 37% in 2017 and 2027 individually.
Worldwide GPS Tracker Market: Forecast by Application
Based on Application, the worldwide GPS trackers market is fragmented into armada Management, Resource Management, others (Pets wearable gadgets, wearable gadgets, and so forth) Armada Management isn’t simply expected to show a high market appeal record over the estimated time frame, but on the other hand, is relied upon to catch the biggest portion of the overall industry of 56.3% in 2027. Resource Management is relied upon to enlist a moderate Y-o-Y development rate all through the figure period. As far as worth, this portion is relied upon to grow at a CAGR of 7.3% during the figure time frame.
Worldwide GPS Tracker Market: Forecast by Region
Seven areas, for example, North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA are remembered for this report. As far as worth, North America and APEJ are projected to be the most alluring locales in the Global GPS Tracker market during the conjecture time frame. Western Europe market is relied upon to enroll high Y-o-Y development rates all through the figure period. As far as worth, the Western Europe district is relied upon to grow at a CAGR of 8.5% during the conjecture time frame. In 2017, the market in North America is assessed to be esteemed at US$ 1067.6 Mn and is relied upon to observe consistent development as far as income all through the estimated period.
Worldwide GPS Tracker Market: Key Players and Other Players
A portion of the vital participants working in the worldwide GPS trackers market is Calamp Corporation, Sierra Wireless, Inc., Tomtom International Bv, Xirgo Technologies, Inc., Queclink Wireless Solutions Co., Spy Tec International Inc., ATrack Technology, Inc., Maestro Wireless Solutions Limited, Ruptela.