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GPS Equipment Global Market Report 2023 – By Product Type (Data loggers, Data pushers, Data pullers, Covert GPS Trackers), By EndUse Industry (Transportation and Logistics, Construction, Oil and Gas, Metals and Mining, Government, Other EndUse Industries (Hospitality, Education, Retail, Agriculture, and Healthcare), By Application (Road, Aviation, Marine, Locationbased services, Surveying and Mapping, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Starting Price : $4000.00 | Pages : 175 | Published : January 2023 | SKU CODE : r893 | Delivery Time: 2-3 business days | Format :


The GPS equipment refers to various devices and tools required for the functioning of satellite navigation system. A GPS is a satellite navigation system that determines an object's location on the ground.

The main product types of GPS equipment are data loggers, data pushers, data pullers, and covert GPS trackers. Data loggers are electronic devices that monitor and record environmental parameters automatically over time, allowing conditions to be measured, documented, analyzed, 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 GPS equipment market research report is one of a series of new reports from The Business Research Company that provides GPS equipment market statistics, including GPS equipment industry global market size, regional shares, competitors with a GPS equipment market share, detailed GPS equipment market segments, market trends and opportunities, and any further data you may need to thrive in the GPS equipment industry. This GPS equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global GPS equipment market size will grow from $2.4 billion in 2022 to $2.54 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global GPS equipment market size is expected to grow to $3.12 billion in 2027 at a CAGR of 5.4%.

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 September 2021, according to a research study conducted by Bitsight, a US-based cybersecurity ratings company, stated the vulnerabilities of threats on GPS tracking, stated that the MiCODUS API server contains the password vulnerability known as CVE-2022-2107. It has a 9.8 CVSS score and enables remote attackers to send SMS commands to a target's GPS tracker by using a hardcoded master password to access into the web server. A 9.8 CVSS rating was also given to CVE-2022-2141 because to faulty authentication. An attacker could be able to use this vulnerability to send the tracking device SMS commands without being verified. 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 September 2022, Trackem, a US-based platform for monitoring resources, supplies, and job progress, has launched its most recent version of its GPS tracking platform for clients. The new system includes tools for tracking fuel bills, fleet-wide fuel usage, mileage analysis, and driver scorecards. Scorecards for drivers make it easier to see those who frequently accelerate quickly or drive too fast, both of which increase fuel consumption. This data may be employed for disciplinary or instructional purposes. Numerous places in the fleet that can be modified for fuel economy can be found with the use of detailed reports. Additionally, the new Maintenance area can help fleet managers or business owners stay current and repair their vehicles to maximize fuel efficiency. 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 Asia-Pacific was the largest region in the GPS equipment market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global GPS equipment market during the forecast period. The regions covered in the global GPS equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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

The global positioning system (GPS) equipment market consists of sales of equipment 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 satellite's exact location. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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 & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Other End-Use Industries (Hospitality, Education, Retail, Agriculture, and Healthcare)

3) By Application: Road, Aviation, Marine, Location-based services, Surveying and Mapping, Other Applications

    Table Of Contents

    1. Executive Summary

    2. GPS Equipment Market Characteristics

    3. GPS Equipment Market – Macro Economic Scenario

    3.1 COVID-19 Impact On GPS Equipment Market

    3.2 Ukraine-Russia War Impact On GPS Equipment Market

    3.3 Impact Of High Inflation On GPS Equipment Market

    4. GPS Equipment Market Size And Growth

    4.1. Global GPS Equipment Historic Market, 2017 - 2022, $ Billion

    4.1.1. Drivers Of The Market

    4.1.2. Restraints On The Market

    4.2. Global GPS Equipment Forecast Market, 2022-2027F, 2041F, $ Billion

    4.2.1. Drivers Of The Market

    4.2.2. Restraints On the Market

    5. GPS Equipment Market Segmentation

    5.1. Global GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    Data loggers

    Data pushers

    Data pullers

    Covert GPS Trackers

    5.2. Global GPS Equipment Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    Transportation & Logistics

    Construction

    Oil & Gas

    Metals & Mining

    Government

    Other End-Use Industries (Hospitality, Education, Retail, Agriculture, and Healthcare)

    5.3. Global GPS Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    Road

    Aviation

    Marine

    Location-based services

    Surveying and Mapping

    Other Applications

    6. GPS Equipment Market Regional And Country Analysis

    6.1. Global GPS Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    6.2. Global GPS Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    7. Asia-Pacific GPS Equipment Market

    7.1. Asia-Pacific GPS Equipment Market Overview

    7.2. Asia-Pacific GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    8. China GPS Equipment Market

    8.1. China GPS Equipment Market Overview

    8.2. China GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F,$ Billion

    9. India GPS Equipment Market

    9.1. India GPS Equipment Market Overview

    9.2. India GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    10. Japan GPS Equipment Market

    10.1. Japan GPS Equipment Market Overview

    10.2. Japan GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    11. Australia GPS Equipment Market

    11.1. Australia GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    12. Indonesia GPS Equipment Market

    12.1. Indonesia GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    13. South Korea GPS Equipment Market

    13.1. South Korea GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    14. Western Europe GPS Equipment Market

    14.1. Western Europe GPS Equipment Market Overview

    14.2. Western Europe GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    15. UK GPS Equipment Market

    15.1. UK GPS Equipment Market Overview

    15.2. UK GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    16. Germany GPS Equipment Market

    16.1. Germany GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    17. France GPS Equipment Market

    17.3. France GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    18. Eastern Europe GPS Equipment Market

    18.1. Eastern Europe GPS Equipment Market Overview

    18.2. Eastern Europe GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    19. Russia GPS Equipment Market

    19.1. Russia GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    20. North America GPS Equipment Market

    20.1. North America GPS Equipment Market Overview

    20.2. North America GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    21. USA GPS Equipment Market

    21.1. USA GPS Equipment Market Overview

    21.2. USA GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    22. South America GPS Equipment Market

    22.1. South America GPS Equipment Market Overview

    22.2. South America GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    23. Brazil GPS Equipment Market

    23.1. Brazil GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    24. Middle East GPS Equipment Market

    24.1. Middle East GPS Equipment Market Overview

    24.2. Middle East GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    25. Africa GPS Equipment Market

    25.1. Africa GPS Equipment Market Overview

    25.2. Africa GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion

    26. GPS Equipment Market Competitive Landscape And Company Profiles

    26.1. GPS Equipment Market Competitive Landscape

    26.2. GPS Equipment Market Company Profiles

    26.2.1. Calamp Corporation,

    26.2.1.1. Overview

    26.2.1.2. Products and Services

    26.2.1.3. Strategy

    26.2.1.4. Financial Performance

    26.2.2. Sierra Wireless, Inc.,

    26.2.2.1. Overview

    26.2.2.2. Products and Services

    26.2.2.3. Strategy

    26.2.2.4. Financial Performance

    26.2.3. Orbocomm Inc.,

    26.2.3.1. Overview

    26.2.3.2. Products and Services

    26.2.3.3. Strategy

    26.2.3.4. Financial Performance

    26.2.4. Queclink Wireless Solutions Co., Ltd.,

    26.2.4.1. Overview

    26.2.4.2. Products and Services

    26.2.4.3. Strategy

    26.2.4.4. Financial Performance

    26.2.5. Laird PLC.,

    26.2.5.1. Overview

    26.2.5.2. Products and Services

    26.2.5.3. Strategy

    26.2.5.4. Financial Performance

    27. Key Mergers And Acquisitions In The GPS Equipment Market

    28. GPS Equipment Market Trends And Strategies

    29. GPS Equipment Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2017-2022, 2027, 2032F, $ Billion
  • Table 3: Global GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 4: Global GPS Equipment Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 5: Global GPS Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 6: Global GPS Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 7: Global GPS Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 8: Asia-Pacific, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 9: China, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 10: India, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 11: Japan, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 12: Australia, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 13: Indonesia, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 14: South Korea, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 15: Western Europe, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 16: UK, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 17: Germany, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 18: France, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 19: Eastern Europe, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 20: Russia, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 21: North America, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 22: USA, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 23: South America, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 24: Brazil, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 25: Middle East, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Table 26: Africa, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ 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

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2017-2022, 2027, 2032F, $ Billion
  • Figure 3: Global GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 4: Global GPS Equipment Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 5: Global GPS Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 6: Global GPS Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 7: Global GPS Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 8: Asia-Pacific, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 9: China, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 10: India, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 11: Japan, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 12: Australia, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 13: Indonesia, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 14: South Korea, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 15: Western Europe, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 16: UK, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 17: Germany, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 18: France, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 19: Eastern Europe, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 20: Russia, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 21: North America, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 22: USA, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 23: South America, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 24: Brazil, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 25: Middle East, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 26: Africa, GPS Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027, 2032F, $ Billion
  • Figure 27: Calamp Corporation, Financial Performance
  • Figure 28: Sierra Wireless, Inc., Financial Performance
  • Figure 29: Orbocomm Inc., Financial Performance
  • Figure 30: Queclink Wireless Solutions Co., Ltd., Financial Performance
  • Figure 31: Laird PLC., Financial Performance
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