Global GPS Tracker Market Size To Exceed USD 23.30 Billion By 2035 | CAGR of 17.35%
Category: Information & TechnologyGlobal GPS Tracker Market Size To Exceed USD 23.30 Billion By 2035
According to a research report published by Spherical Insights & Consulting, The Global GPS Tracker Market Size is expected to grow from USD 4.01 Billion in 2024 to USD 23.30 Billion by 2035, at a CAGR of 17.35% during the forecast period 2025-2035.
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Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on the "Global GPS Tracker Market Size, Share, and COVID-19 Impact Analysis, By Type (Standalone Trackers, OBD Devices, Advance Trackers, Data Loggers, Data Pushers, and Data Pullers), By Application (Personal Tracking, Commercial Tracking, Asset Tracking, and Fleet Tracking), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035. " Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/gps-tracker-market
The global industry that develops, manufactures, and distributes products and services that use Global Positioning System (GPS) technology to track and identify the current location of people, vehicles, or assets is known as the GPS tracker market. These trackers are frequently utilized to increase operational efficiency, safety, and asset visibility in a variety of industries, including fleet management, logistics, personal security, transportation, and construction. The market includes a variety of software platforms, hardware products, and services made to facilitate data analytics and location-based tracking. The growing need for real-time asset and vehicle tracking, rising security and safety concerns, and the requirement for effective fleet and logistics management are some of the primary factors propelling the GPS tracker market. The market growth for GPS trackers is also boosted by growing use in sectors including personal safety, construction, and transportation, as well as by laws that encourage vehicle tracking. However, high costs, data privacy concerns, limited connectivity in remote areas, and a lack of standardization restrain the GPS tracker market.
The standalone trackers segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the type, the GPS tracker market is divided into standalone trackers, OBD devices, advance trackers, data loggers, data pushers, and data pullers. Among these, the standalone trackers segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. In areas with older populations, like Japan and portions of Europe, the market for standalone health and personal safety trackers is especially thriving.
The fleet tracking segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the GPS tracker market is divided into personal tracking, commercial tracking, asset tracking, and fleet tracking. Among these, the fleet tracking segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Fleet Tracking are constantly under pressure to save operational costs, and GPS tracking systems offer quantifiable reductions in a number of cost areas.
North America is expected to hold the majority share of the global GPS tracker market during the forecast period.
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North America is expected to hold the majority share of the global GPS tracker market during the forecast period. North America is characterized by highly developed regulatory frameworks, early drone adoption, and substantial investments in commercial applications, logistics, and defense. Important industry participants, a strong technology base, and rising need for real-time tracking and surveillance systems all add to the region's strength
Asia Pacific is anticipated to grow at the fastest pace in the global GPS tracker market during the forecast period. Rapid industrialization, growing e-commerce logistics, and growing drone use in public safety, infrastructure, and agriculture are the main drivers of Asia Pacific. Increased investments in unmanned aerial systems, supportive government programs, and technological developments in developing nations like China, India, and Southeast Asia are all contributing to the market's rapid growth.
Major vendors in the global GPS tracker market are Broadcom, Trimble Inc., Geotab Inc., Garmin Ltd., Hexagon AB, Orbcomm Inc., Verizon Connect, Collins Aerospace, Sierra Wireless, MiTAC Holdings Corp., ATrack Technology Inc., TomTom International BV, Qualcomm Technologies, Texas Instruments, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In December 2024, A strategic alliance between Geotab Inc. and Aerotrans, a transportation firm based in Indonesia, was launched to enhance operational effectiveness and further sustainability goals. With the help of Geotab's cutting-edge telematics platform, Aerotrans hopes to have real-time access to important fleet data, such as vehicle performance, driving patterns, fuel economy, and maintenance patterns.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the GPS tracker market based on the below-mentioned segments:
Global GPS Tracker Market, By Type
- Standalone Trackers
- OBD Devices
- Advance Trackers
- Data Loggers
- Data Pushers
- Data Pullers
Global GPS Tracker Market, By Application
- Personal Tracking
- Commercial Tracking
- Asset Tracking
- Fleet Tracking
Global GPS Tracker Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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