GPS Equipment Market Size 2022 And Growth Analysis

GPS Equipment Global Market Report 2022 – By Product Type (Data loggers, Data Pushers, Data pullers, Covert GPS Trackers), By End-Use Industry (Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Others (Hospitality, Education, Retail, Agriculture And Healthcare)), By Application (Road, Aviation, Marine, Location-Based Services, Surveying and Mapping) – Market Size, Trends, And Global Forecast 2022-2026

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The global positioning system equipment market consists of sales of global positioning systems equipment and related services by entities that are used for determining the ground position of an object through GPS satellites. GPS is a satellite navigation system that transmits specific signals that allow GPS equipment to decode and measure the exact location of the satellite.

The main product types of GPS equipment are data loggers, data pushers, data pullers, covert GPS trackers. Data loggers are electronic devices that monitor and record environmental parameters automatically over time, allowing conditions to be measured, documented, analysed, and validated. The various applications of GPS equipment include road, aviation, marine, location-based services, surveying and mapping and others that are used by transportation and logistics, construction, oil and gas, metals and mining, government, among others.

The global GPS equipment market size is expected to grow from $2.20 billion in 2021 to $2.38 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The growth in the GPS equipment market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The GPS equipment market is expected to reach $3.18 billion in 2026 at a CAGR of 7.5%.

Increased use of GPS tracking devices in commercial vehicles contributed to the growth of the GPS equipment market. GPS tracking devices help in monitoring commercial vehicles such as trucks, buses, heavy commercial vehicles, and construction vehicles. Through monitoring and handling these vehicles in real time with GPS trackers, companies can get real time updates, optimize routes, increase efficiency, and improve fuel efficiency among others. Businesses are increasingly using GPS for tracking vehicles and will have an edge over their competitors in giving a better customer experience. Therefore, the use of GPS equipment in commercial vehicles is a key factor leading to the growth of the GPS equipment market.

Security threat in GPS tracking applications is expected to hinder the growth of the market. Hackers can interfere with the signals from GPS equipment and take advantage of the vehicle in ways unimaginable. The signals could be jammed during the transmission. The vulnerability of GPS will allow a hacker to track the positions of thousands of vehicles and even switching the engines off while they are in motion causing a complication. For instance, in 2019, a hacker named L&M reportedly hacked into thousands of accounts belonging to users of the iTrack and ProTrack GPS tracker devices. The hacker claimed that he could track vehicles in many countries, including South Africa, Morocco, India, and the Philippines. The vulnerabilities in GPS equipment causing complications in smooth operations restrict the growth of the market.

The software integrated with GPS trackers has developed rapidly. The use of advanced software can deliver real time data on a specific location. The advanced software has helped improve mapping capabilities and the ability to integrate with resources such as Google Earth and predictive diagnosis. For instance, in 2019, National Kidney Registry and Newgate Security have upgraded to new GPS technology-based GPS tracking devices for real-time monitoring of human organ shipments in real time. The development of an enhanced GPS tracker is gaining traction and contributes to the growth of the market.

In January 2020, BAE Systems, Inc., a UK based aerospace and security company, acquired Collins Aerospace’s military global positioning system (GPS) business for $1.925 billion and Raytheon’s Airborne Tactical Radios (ATR) business for cash of $275 million. The acquisitions of GPS and ATR business is aimed to strengthen BAE Systems, Inc. in defense electronics and communication systems business. Collins Aerospace, a USA based company, specialized in avionics and information technology systems business. Raytheon, a USA based company, specialized in the manufacturing of military and commercial electronics.

Major players in the GPS equipment market are Calamp Corporation, Sierra Wireless, Inc., Orbocomm Inc., Queclink Wireless Solutions Co., Ltd, Laird PLC., Tomtom International Bv, Concox Wireless Solution, Xirgo Technologies, Inc., Shenzhen Concox Information Technology Co. Ltd., and Maestro Wireless Solutions.

The regions covered in the GPS equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the GPS market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The global GPS equipment market is segmented -

1) By Product Type: Data Loggers, Data Pushers, Data Pullers, Covert GPS Trackers

2) By End-Use Industry: Transportation and Logistics, Construction, Oil and Gas, Metals and Mining, Government, Others (Hospitality, Education, Retail, Agriculture, and Healthcare)

3) By Application: Road, Aviation, Marine, Location-Based Services, Surveying and Mapping, Others

Table Of Contents

1. Executive Summary

2. GPS Equipment Market Characteristics

3. GPS Equipment Market Size And Growth

3.1. Global GPS Equipment Historic Market, 2016 - 2021, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global GPS Equipment Forecast Market, 2021-2026F, 2031F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. GPS Equipment Market Segmentation

4.1. Global GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Data loggers

Data pushers

Data pullers

Covert GPS Trackers

4.2. Global GPS Equipment Market, Segmentation By End-Use Industry, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Transportation & Logistics

Construction

Oil & Gas

Metals & Mining

Government

Others (Hospitality, Education, Retail, Agriculture, and Healthcare)

4.3. Global GPS Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Road

Aviation

Marine

Location-based services

Surveying and Mapping

Others

5. GPS Equipment Market Regional And Country Analysis

5.1. Global GPS Equipment Market, Split By Region, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

5.2. Global GPS Equipment Market, Split By Country, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

6. Asia-Pacific GPS Equipment Market

6.1. Asia-Pacific GPS Equipment Market Overview

6.2. Asia-Pacific GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

7. China GPS Equipment Market

7.1. China GPS Equipment Market Overview

7.2. China GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F,$ Billion

8. India GPS Equipment Market

8.1. India GPS Equipment Market Overview

8.2. India GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

9. Japan GPS Equipment Market

9.1. Japan GPS Equipment Market Overview

9.2. Japan GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

10. Australia GPS Equipment Market

10.1. Australia GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

11. Indonesia GPS Equipment Market

11.1. Indonesia GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

12. South Korea GPS Equipment Market

12.1. South Korea GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

13. Western Europe GPS Equipment Market

13.1. Western Europe GPS Equipment Market Overview

13.2. Western Europe GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

14. UK GPS Equipment Market

14.1. UK GPS Equipment Market Overview

14.2. UK GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

15. Germany GPS Equipment Market

15.1. Germany GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

16. France GPS Equipment Market

16.3. France GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

17. Eastern Europe GPS Equipment Market

17.1. Eastern Europe GPS Equipment Market Overview

17.2. Eastern Europe GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

18. Russia GPS Equipment Market

18.1. Russia GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

19. North America GPS Equipment Market

19.1. North America GPS Equipment Market Overview

19.2. North America GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

20. USA GPS Equipment Market

20.1. USA GPS Equipment Market Overview

20.2. USA GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

21. South America GPS Equipment Market

21.1. South America GPS Equipment Market Overview

21.2. South America GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

22. Brazil GPS Equipment Market

22.1. Brazil GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

23. Middle East GPS Equipment Market

23.1. Middle East GPS Equipment Market Overview

23.2. Middle East GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

24. Africa GPS Equipment Market

24.1. Africa GPS Equipment Market Overview

24.2. Africa GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

25. GPS Equipment Market Competitive Landscape And Company Profiles

25.1. GPS Equipment Market Competitive Landscape

25.2. GPS Equipment Market Company Profiles

25.2.1. Calamp Corporation,

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. Sierra Wireless, Inc.,

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Orbocomm Inc.,

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Queclink Wireless Solutions Co., Ltd,

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Laird PLC.,

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The GPS Equipment Market

27. GPS Equipment Market Trends And Strategies

28. GPS Equipment Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2016-2021, $ Billion

Table 2: Global Forecast Market Growth, 2016-2021, 2026, 2031F, $ Billion

Table 3: Global GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 4: Global GPS Equipment Market, Segmentation By End-Use Industry, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 5: Global GPS Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 6: Global GPS Equipment Market, Split By Region, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 7: Global GPS Equipment Market, Split By Country, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 8: Asia-Pacific, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 9: China, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 10: India, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 11: Japan, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 12: Australia, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 13: Indonesia, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 14: South Korea, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 15: Western Europe, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 16: UK, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 17: Germany, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 18: France, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 19: Eastern Europe, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 20: Russia, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 21: North America, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 22: USA, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 23: South America, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 24: Brazil, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 25: Middle East, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 26: Africa, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026, 2031F, $ Billion

Table 27: Calamp Corporation, Financial Performance

Table 28: Sierra Wireless, Inc., Financial Performance

Table 29: Orbocomm Inc., Financial Performance

Table 30: Queclink Wireless Solutions Co., Ltd, Financial Performance

Table 31: Laird PLC., Financial Performance

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