Le Lézard
Classified in: Science and technology
Subject: SVY

Global GPS Tracker Market to Reach US$ 3,482.3 Mn in 2027 - FMI



VALLEY COTTAGE, New York, October 6, 2017 /PRNewswire/ --

The global market for GPS trackers is witnessing a tremendous growth due to emergence of new applications that use the GPS trackers system. The market is also expected to witness continued revenue growth in traditional applications such as preventing valuables from theft. However, non-standard products will always be a concern in this market due to poor quality involved in tracking. According to new report published by Future Market Insights titled, "GPS Tracker Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)," revenue from the global GPS tracker market is likely to be valued at US$ 3,482.3 Mn in 2027, expanding at the CAGR of 8.4% during the projected period. This high revenue growth is attributed to traditional applications of GPS trackers as well as the evolution of new applications in the market and emergence of niche players in the market.

     (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )

Global GPS Tracker Market: Recommendations 

Download ToC and Figures at https://www.futuremarketinsights.com/reports/gps-tracker-market/toc

Global GPS Tracker Market: Forecast by Type 

On the basis of type, the global GPS tracker market is segmented into standalone trackers, OBD trackers, and advance trackers. Although, advanced trackers segment is anticipated to exhibit high market attractiveness index over the forecast period, OBD trackers segment is expected to grab largest revenue share of 37.8% and 37% in 2017 and in 2027 respectively.

Global GPS Tracker Market: Forecast by Industry 

On the basis of industry, the global GPS tracker market is segmented into transportation and logistics, construction, government, defense, energy & utilities, healthcare, others (BFSI, Media and Entertainment, Telecom). In terms of value, Transportation and Logistics segment is projected to be the most attractive in the Global GPS Tracker market during the forecast period. Energy & Utilities segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 8.4% during the forecast period. In 2017, Transportation and Logistics segment is estimated to be valued at US$ 550.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Global GPS Tracker Market: Forecast by Application 

On the basis of Application, the global GPS trackers market is segmented into fleet Management, asset Management, others (Pets wearable devices, wearable devices etc.). Fleet Management is not only anticipated to exhibit high market attractiveness index over the forecast period, but is also expected to capture largest market share of 56.3% in 2027. Asset Management is expected to register moderate Y-o-Y growth rate throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 7.3% during the forecast period.

Global GPS Tracker Market: Forecast by Region 

Seven regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA are included in this report. In terms of value, North America and APEJ are projected to be the most attractive regions in the Global GPS Tracker market during the forecast period. Western Europe market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, Western Europe region is expected to expand at a CAGR of 8.5% during the forecast period. In 2017, the market in the North America is estimated to be valued at US$ 1067.6 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Preview Analysis on GPS Tracker Market: Advanced Trackers Segment by Type to Witness High Growth during the Forecast Period: Global Industry Analysis and Opportunity Assessment (2017 - 2027): https://www.futuremarketinsights.com/reports/gps-tracker-market

Global GPS Tracker Market: Key Players and Other Players 

Some of the key players operating in the global GPS trackers market are 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. Other players functioning in this market are- Laipac Technology Inc, Rocky Mountain Tracking Inc., Amcrest Technologies Llc.

More from FMI's Reports:

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More  Electronics, Semiconductors, and ICT

Contact Us
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): +44(0)20-7692-8790
Sales: sales@futuremarketinsights.com
Press OfficePress@futuremrketinsights.com


These press releases may also interest you

at 16:06
In the fast-moving 21st century with a 7-billion strong population ? accessing any consumer service requires identity information ? signing up on websites, e-commerce checkouts, accessing private properties, buying bitcoins, or getting loans....

at 14:45
Award winning interactive agency, Inhance Digital, breaks new technology boundaries in entertainment and immersive industries with the pioneering, multisensory VR experience HERO premiering at 2018 Sundance Film Festival in Park City, Utah from...

at 14:34
BlockMesh, a software company based in Mauritius ? utilizes the latest innovations in mesh networking technology, to create cost-free communication networks aiming to disrupt the global communications industry in 2018. Mesh technology is a...

at 12:12
Graft, the first global, open-sourced payment gateway blockchain network designed for Point-of-Sale, moving ahead of schedule and have launched its mainnet on January 16, 2018, before the start of the company's Initial Coin Offering (ICO), which...

at 10:05
Array BioPharma Inc. and Pierre Fabre today announced updated results from the 30 patient safety lead-in of the Phase 3 BEACON CRC trial evaluating the triplet combination of encorafenib, a BRAF inhibitor, binimetinib, a MEK inhibitor and cetuximab,...

at 08:15
Plasan North America, a Michigan-based manufacturer of military armored solutions technologies, is pleased to announce that Colonel John Cavedo, Jr. (RET), is joining our company as Vice President of Business Development and Program Management. ...




News published on 6 october 2017 at 07:30 and distributed by: