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GPS Car Tracker Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 399 | Report ID: MRS1049


Report Description

The global GPS Car Tracker market size is estimated at USD 1,490.2 million in 2020, expanding at a CAGR of 12.9% from 2021-2027 to reach 4,100.2 million USD in 2027.

Market Dynamics

GPS car tracker market is expected to witness significant growth over the forecast period. The increasing commercial sales of the car is projected to boost the market growth. In addition, the government mandates, affordable price, and vehicle theft protection is also contributing to market growth. Further, the growing need for achieving improved productivity, operational efficiency, & profitability at reduced costs coupled with the digitalization of vehicles. The GPS systems ensure vehicle security and safety while tracking car usage data. The costs aid due to enhanced vehicle performance and innovative features such as fuel management, fleet analytics, predictive vehicle maintenance, and driver monitoring.

In addition, the advance tracker is growing in adoption across all mid & high-range car segments. According to the International Organization of Motor Vehicle Manufacturers (OICA), the sales of commercial vehicles are rapidly growing. By tracking and managing GPS devices in vehicles in real-time, enterprises can efficiently utilize their resources. GPS tracking units also ensure the safety of vehicles. In addition, in case of an emergency, GPS devices help locate the ambulance & show the exact location from where a distress signal was received. All these benefits are anticipated to boost market growth.

Europe is estimated to dominate the global market. Europe is home to major automotive manufacturers in the global market. In addition, various events, & conferences related to GPS tracking equipment are also driving the growth of the European market. Asia Pacific is projected to grow at the fastest CAGR during the forecast period. Increasing demand for cars, and electric vehicles (EVs) is boosting regional growth. Moreover, North America is expected to hold a significant amount of market share.

The GPS car tracker market is fragmented into type and applications segments. Based on type, the advance tracker segment is anticipated to dominate the market. By application, the commercial car segment is projected to grow at the highest CAGR during the forecast period.

The GPS car tracker market is highly competitive in nature with the few international players dominating the global market. Key players in the industry engage in strategic mergers & acquisitions, collaborations, and new product launches to remain competent in the market.

The report begins with overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of GPS Car Tracker by type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Calamp Corp.
  • Orbocomm Inc.
  • Sierra Wireless Inc.
  • Queclink Wireless Solutions Co., Ltd.
  • Shenzhen Concox Information Technology Co.Ltd
  • Laird plc
  • TomTom International BV
  • Meitrack Group
  • Teltonika UAB
  • ATrack Technology Inc.
  • Trackimo LLC
  • Geotab Inc.

Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Standalone Tracker
  • Advanced Tracker
  • Others

Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • SUV
  • Sedan
  • Hatchback
  • Others

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global GPS Car Tracker market size is estimated at USD 1,490.2 million in 2020, expanding at a CAGR 12.9% from 2021-2027 to reach 4,100.2 million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The worldwide market is characterized by the presence of large number of small scale and medium scale players.

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