GPS Tracking Device Market - Top Companies and Manufacturers

Companies Dominating the GPS Tracking Device Landscape

The GPS tracking device market is projected to register a profitable growth trajectory during the forecast period. The key players operating within the sector are poised to leverage the favorable growth trends by investing in expanding their portfolios and provide advanced GPS tracking devices that can perform multiple functions.

Here are some key players in the GPS tracking device market:

Sierra Wireless
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Concox
Ruptela
Teltonika
CalAmp
ORBCOMM
Queclink Wireless Solutions
Laird PLC
GPS Loggers
Garmin Ltd.

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GPS Tracking Device Market Size & Share - Growth Analysis 2037

In the News

In July 2024, a project involving 3M and Polar Bears International deployed the first-ever fur-tracking tags on bears. The three fur-tracking tags utilizing advanced GPS technology are the Pentagon Tag, the SeaTrkr Tag, and the Tribrush Tag.
In May 2024, RoamBee launched the world's first true 5G GPS peel-and-ship smart label. The smart label is poised to boost unrestricted shipment visibility and provide end-to-end product flow insights.

Frequently Asked Questions (FAQ)

The GPS tracking device sector is poised to expand at a profitable CAGR of 12.8% during the forecast period, i.e., 2025-2037. The market’s valuation in 2024 was registered at USD 3.6 billion.

The GPS tracking device market is positioned to maintain a profitable growth curve during the forecast period of 2025-2037. In 2024, the market was valued at USD 3.6 billion, and expanding at a CAGR of 12.8%, the market is projected to register USD 17.6 billion in 2037.

The major players in the market are Sierra Wireless, Concox, Ruptela, Teltonika, CalAmp, ORBCOMM, Queclink Wireless Solutions, Laird PLC, GPS Loggers, Garmin Ltd., and others.

By type, the standalone GPS segment captured the largest revenue share in the GPS tracking device sector during the forecast period. The surging adoption of standalone GPS devices due to affordability and their portable nature is a significant driver of the growth.

Europe is projected to dominate the GPS tracking devices sector during the forecast period with a 33.7% share worldwide. The surge in adoption of telematics solutions in Europe assists the sector’s growth in the region.

GPS Tracking Device Market - Top Companies and Manufacturers

Companies Dominating the GPS Tracking Device Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the GPS tracking device market?

What is the outlook for the GPS tracking device market?

Who are the major players dominating the GPS tracking device market?

Which product segment will capture the significant market share for the GPS tracking device sector by 2037?

Which region will provide more business opportunities for the growth of the GPS tracking device market in the future?