GPS Car Tracker Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
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.)
Table Of Content
1. GPS Car Tracker Market Overview
1.1. Product Overview and Scope of GPS Car Tracker
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global GPS Car Tracker Market Size Growth Rate Analysis by Type2020 VS 2027
1.3.1. Standalone Tracker
1.3.2. Advanced Tracker
1.3.3. Others
1.4. Global GPS Car Tracker Consumption Comparison by Application: 2020 VS 2027
1.4.1. SUV
1.4.2. Sedan
1.4.3. Hatchback
1.4.4. Others
1.5. Global GPS Car Tracker Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.5.1. North America GPS Car Tracker Estimates
1.5.2. Europe GPS Car Tracker Estimates
1.5.3. China GPS Car Tracker Estimates
1.5.4. Japan GPS Car Tracker Estimates
2. Market Competition by Manufacturers
2.1. Global GPS Car Tracker Revenue Market Share by Manufacturers (2020)
2.2. GPS Car Tracker Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global GPS Car Tracker Average Price by Manufacturers (2016-2021)
2.4. Manufacturers GPS Car Tracker Production Sites, Area Served, Product Types
2.5. GPS Car Tracker Market Competitive Situation and Trends
2.5.1. GPS Car Tracker Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global GPS Car Tracker Consumption by Region (2016-2021)
3.1. Global GPS Car Tracker Consumption by Region
3.2. Global GPS Car Tracker Consumption Market Share by Region
3.2.1. North America
3.2.2. North America GPS Car Tracker Consumption Growth Rate (2016-2021)
3.2.3. North America GPS Car Tracker Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America GPS Car Tracker Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe GPS Car Tracker Consumption Growth Rate (2016-2021)
3.2.7. Europe GPS Car Tracker Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe GPS Car Tracker Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific GPS Car Tracker Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific GPS Car Tracker Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific GPS Car Tracker Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America GPS Car Tracker Consumption Growth Rate (2016-2021)
3.2.15. South America GPS Car Tracker Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America GPS Car Tracker Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa GPS Car Tracker Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa GPS Car Tracker Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa GPS Car Tracker Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global GPS Car Tracker Consumption by Type (2016-2021)
4.1. Global GPS Car Tracker Price by Type (2016-2021)
4.2. Global GPS Car Tracker Revenue Market Share by Type (2016-2021)
4.2.1. Standalone Tracker
4.2.2. Advanced Tracker
4.2.3. Others
5. Global GPS Car Tracker Consumption by Application (2016-2021)
5.1. Global GPS Car Tracker Price by Application (2016-2021)
5.2. Global GPS Car Tracker Revenue Market Share by Application (2016-2021)
5.2.1. SUV
5.2.2. Sedan
5.2.3. Hatchback
5.2.4. Others
6. Key Companies Profiled
6.1. Calamp Corp.
6.1.1. Calamp Corp. GPS Car Tracker Corporation Information
6.1.2. Calamp Corp. GPS Car Tracker Product Portfolio
6.1.3. Calamp Corp. GPS Car Tracker Consumption, Price and Gross Margin (2016-2021)
6.1.4. Calamp Corp. Main Business and Markets Served
6.1.5. Calamp Corp. Recent Developments/Updates
6.2. Orbocomm Inc.
6.3. Sierra Wireless Inc.
6.4. Queclink Wireless Solutions Co., Ltd.
6.5. Shenzhen Concox Information Technology Co.Ltd
6.6. Laird plc
6.7. TomTom International BV
6.8. Meitrack Group
6.9. Teltonika UAB
6.10. ATrack Technology Inc.
6.11. Trackimo LLC
6.12. Geotab Inc.
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. GPS Car Tracker Distributors List
7.3. GPS Car Tracker Customers
8. Market Dynamics
8.1. GPS Car Tracker Industry Trends
8.2. GPS Car Tracker Growth Drivers
8.3. GPS Car Tracker Market Challenges
8.4. GPS Car Tracker Market Restraints
9. Global GPS Car Tracker Consumption and Demand Forecast, by Region (2022-2027)
9.1. Global Forecasted Demand Analysis of GPS Car Tracker, by Regions and Country
9.1.1. North America Forecasted Consumption of GPS Car Tracker by Country
9.1.2. Europe Market Forecasted Consumption of GPS Car Tracker by Country
9.1.3. Asia Pacific Market Forecasted Consumption of GPS Car Tracker by Region
9.1.4. Latin America Forecasted Consumption of GPS Car Tracker by Country
9.1.5. Middle East and Africa Forecasted Consumption of GPS Car Tracker by Country
10. Global GPS Car Tracker Consumption and Demand Forecast, by Device Segments (2022-2027)
10.1. Global Forecasted Consumption of GPS Car Tracker by Device Segments (2022-2027)
10.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
10.3. Global Forecasted Growth Rate of GPS Car Tracker by Device Segments (2022-2027)
11. Research Finding and Conclusion
12. Methodology and Data Source
12.1. Methodology/Research Approach
12.1.1. Research Programs/Design
12.1.2. Market Size Estimation
12.1.3. Market Breakdown and Data Triangulation
12.2. Data Source
12.2.1. Secondary Sources
12.2.2. Primary Sources
12.3. Author List
12.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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