The Global Car GPS Trackers Market size is estimated to grow at a CAGR of 7.19% from 2021 to 2028. The demand for commercial vehicles is driven by factors such as rising internet penetration in developing countries, increasing disposable income levels in emerging economies, a growing number of entrepreneurs with startups in emerging markets, and logistics industry growth among others.
Car GPS Trackers are devices that provide real-time information about the location of a vehicle on an interactive map, for security reasons. Car GPS trackers can also be used by businesses to monitor their fleet and improve efficiency in terms of time management and fuel consumption.
On the basis of Types, the market is segmented into Wired Car GPS Trackers and Wireless Car GPS Trackers.
Wired car GPS trackers are devices that transmit location, speed, and other vehicle data wirelessly to a central computer or mobile app. They can be installed in any automobile for fleet management purposes. The simplest way of implementing these systems is by tapping into an existing telematics system already fitted within the car (it uses an OBD port). This method helps to keep costs down since it does not require the installation of additional hardware on-board.
Wireless car GPS trackers are the most widely used vehicle tracking system, because of their cost-effectiveness and convenience. They have a series of benefits over wired ones including being easier to install, wirelessly transmitted data through satellite or cellular network speeds up access times, and an increase in battery life span.
On the basis of Application, the market is segmented into Passenger Cars and Commercial Vehicles. The passenger car segment is expected to dominate the market throughout the forecast period, in terms of revenue generated due to increasing demand for security features in cars, especially after a string of vehicle-related attacks around the world.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in the Asia Pacific is expected to witness significant growth over the forecast period due to improving economic conditions across countries such as India and China.
The North American market holds the largest market share in 2019 and is expected to dominate during the forecast period. This can be attributed to the presence of a well-established automotive industry, increasing demand for affordable GPS trackers among small businesses that rely on transportation as a key revenue stream especially in the U.S., and increasing penetration of internet connectivity particularly Wi-Fi Hotspots across North America.
The growth can be attributed on account of factors such as increasing demand for vehicle-based technologies, growing penetration levels of connected cars, and the need for security & safety of vehicles are some of the significant drivers that are boosting this market’s prospects.
Other factors include the growth in demand for real-time vehicle tracking systems among fleet companies along with a growing number of commuters using public transportations instead of their own vehicles is expected to drive the market during the forecast period till 2028.
Up Market Research published a new report titled “Car GPS Trackers Market research report which is segmented by Types (Wired Car GPS Trackers, Wireless Car GPS Trackers), By Applications (Passenger Car, Commercial Vehicle), By Players/Companies Orbcomm, Meitrack, Queclink, Concox Information Technology, Teltonika, CalAmp, Tomtom, Shenzhen Eelink Communication Technology, Sierra Wireless, ThinkRace Technology, ARKNAV, Jimi Electronic, Trackimo, Suntech International, Ruptela, Shenzhen Coban Electronics, Starcom Systems, Gosafe Company Ltd., Huizhou Great-Will Industrial, GOTOP Limited”.
| Report Attributes | Report Details |
| Report Title | Car GPS Trackers Market Research Report |
| By Type | Wired Car GPS Trackers, Wireless Car GPS Trackers |
| By Application | Passenger Car, Commercial Vehicle |
| By Companies | Orbcomm, Meitrack, Queclink, Concox Information Technology, Teltonika, CalAmp, Tomtom, Shenzhen Eelink Communication Technology, Sierra Wireless, ThinkRace Technology, ARKNAV, Jimi Electronic, Trackimo, Suntech International, Ruptela, Shenzhen Coban Electronics, Starcom Systems, Gosafe Company Ltd., Huizhou Great-Will Industrial, GOTOP Limited |
| Regions Covered | North America, Europe, APAC, Latin America, MEA |
| Base Year | 2020 |
| Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
| Forecast Year | 2028 |
| Number of Pages | 224 |
| Number of Tables & Figures | 157 |
| Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Wired Car GPS Trackers, Wireless Car GPS Trackers and By Application Passenger Car, Commercial Vehicle.
Some of the companies that are profiled in this report are:
Car GPS Trackers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Car GPS Trackers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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