The GPS Tracking Device Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the GPS Tracking Device Market?
The GPS Tracking Device Global Market Report 2025 indicates that this market is experiencing substantial growth. It expanded from $3.22 billion in 2024 and is projected to hit a value of $3.61 billion in 2025. This signifies a compound annual growth rate (CAGR) of 12.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the GPS Tracking Device Industry?
The GPS Tracking Device Global Market Report 2025 predicts that by 2029, the market size for GPS tracking devices will rise to $6.39 billion. This growth implies a compound annual growth rate (CAGR) of 15.3%.
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What are the Key Growth Drivers Fueling the GPS Tracking Device Market?
The key drivers in the gps tracking device market are:
• Rise in autonomous vehicles usage
• Increasing demand for stolen vehicle recovery
• Focus on environmental sustainability
• Expansion of GPS usage in healthcare sector
• Growing demand for geo-fencing solutions
• Integration with IoT ecosystems
• Advancements in real-time tracking
• Enhanced battery life of GPS devices
• Adoption of artificial intelligence in analytics
• Satellite constellation expansion
• Integration of GPS tracking with wearable devices
Global Market Segmentation: Identifying Major GPS Tracking Device Industry Segments
The GPS tracking device market covered in this report is segmented –
1) By Type: Standalone Trackers, OBD Devices, Advance Trackers
2) By Deployment: Commercial Vehicles, Cargo And Containers
3) By Application: Automotive, Aerospace And Defense, Healthcare, Transportation
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What are the Emerging Trends Shaping the Future of the GPS Tracking Device Market?
The key trends in the gps tracking device market are:
• The integration with IoT ecosystems is a key emerging trend in the GPS tracking device market.
• Developments in real-time tracking are increasingly influencing the future of the market.
• Enhanced battery life is a significant upcoming trend in the sector.
• The use of artificial intelligence in analytics is shaping the future of this market.
Who Are the Top Competitors & Leading Players in the GPS Tracking Device Market?
The major players in the gps tracking device market are:
• CalAmp Inc
Regional Dominance: Which Area Leads the Global GPS Tracking Device Market?
Europe was the largest region in the GPS tracking device market in 2024
