Asia Pacific GPS Tracking Devices Market – Size, Outlook, Trends and Forecast (2024

Asia Pacific GPS Tracking Devices Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

A GPS tracker is a movement control device for vehicles, people and other units. GPS tracking devices transmit their data to a server over the internet, and that server hosts the platform where the user can access to monitor the device current and past locations. Integration with multiple satellite navigation systems will provide faster communications and more accurate responses. Tracker software is cheaper when compared to other hardware-based trackers, but its functions are insufficient to find a precise location or for data transfer.

Asia Pacific GPS Tracking Devices Market Size & Growth:

The Asia Pacific GPS tracking devices market is estimated to reach $XX Billion by 2025 from $XX Billion in 2019, at a CAGR of XX% during 2019-2025. The prominent factors leading the Asia Pacific GPS tracking devices market are increasing sales of commercial vehicles, affordable prices, high return on investments, small form factor, and high adoption of better technologies across different sectors. The momentum given to security systems and better management of resources will play a significant role in promoting the market growth during the forecast period. Also, IoT and cloud technology, growing use of GPS tracking devices in commercial vehicles and the long life of the GPS tracking devices are also leading the market growth. However, the impact of nonstandard products and several environmental factors are the significant restraints hampering the market growth. Advancements in technology and software are creating profitable opportunities to the Asia Pacific GPS tracking devices market during 2019-2025.

Asia Pacific GPS Tracking Devices Market Segments Share:

The Asia Pacific GPS tracking devices market is segregated based on type, deployment type, component, tracking device, end user, and geography. By type, the Asia Pacific GPS tracking devices market is classified into the standalone tracker, advanced tracker, and OBD (On-Board Diagnostics) devices. Among these, advanced GPS tracker

Asia Pacific GPS Tracking Devices Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

is estimated to hold the most significant market share in the overall Asia Pacific GPS tracking devices market owing to declining prices and growth of commercial fleet management. Advanced trackers capture the valuable information related to vehicle performance, and thus the adoption rate of these types of trackers is high compared to others.

By deployment type, the market is again segregated into the commercial vehicle, cargo and container, and others. Commercial vehicle deployment type is expected to hold the most significant market share and is estimated to witness the

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Asia Pacific GPS Tracking Devices Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

highest CAGR due to increased sales and high usage of GPS tracking devices in commercial vehicles. By component, the market is classified into GPS loggers, personal GPS trackers, and real-time GPS trackers. The advent of cellular technology reduced the service cost, and the declination in prices provides the scale of economies to GPS module suppliers. By tracking devices, the market is segmented into satellite and cellular. Among these, the cellular segment is expected

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