Middle East & Africa GPS Tracking Devices Market – Size, Outlook, Trends and Forecast (2024

Middle East & Africa 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

GPS tracking devices are believed to be an excellent invention with an advanced level of technologies of the modern time. GPS tracking helps you to maintain control over your essential things or assets and enables you to track the precise location. With GPS systems, people can track their most precious possessions ranging from their children to their laptops and vehicles. The significant advantages of GPS tracking devices are reduced operating expenses, save time, optimise resources, reduce insurance costs, and others.

The Middle East & Africa GPS Tracking Devices Market Size & Growth:

The Middle East and Africa GPS tracking devices market will be growing at a CAGR of XX% to reach $XX Billion by 2025 from $XX Billion in 2019 during 2019-2025. The prominent factors leading the Middle East and Africa 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 Middle East and Africa GPS tracking devices market during 2019-2025.

The Middle East & Africa GPS Tracking Devices Market Segments Share:

The Middle East and Africa GPS tracking devices market are segregated based on type, deployment type, component, tracking device, end user, and geography. By type, the Middle East and Africa GPS tracking devices market are classified

Middle East & Africa 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

into the standalone tracker, advanced tracker, and OBD (On Board Devices). Among these, advanced GPS tracker is estimated to hold the most significant market share in the overall Middle East, and Africa GPS tracking devices market is 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 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 to witness the highest CAGR and satellite segment is estimated to show the significant market growth owing to the rapid proliferation of mobile devices and high tracking accuracy.

By end user, the market is divided into transportation & logistics, automotive and aerospace, oil & gas, and others. Transportation & logistics segment holds the significant market share is owing to the high adoption rate of GPS tracking devices and long life. By geography, the Middle East and Africa GPS tracking devices are segregated into the Middle East and Africa. Among these, the Middle East holds the most significant market share is owing to high return on investments, high usage of commercial vehicles, and government initiatives.

The Middle East & Africa GPS Tracking Devices Market Trends:

In 2018. Queclink Wireless Solutions Co., Ltd., is one of the key players in GPS tracking devices market recently releases advanced vehicle tracking device GV300 Series to support a wide variety of external accessories.
In August 2018. Shenzhen Concox Information Technology Co., Ltd is the prominent player in GPS tracking devices market launched a high-end multifunctional vehicle GPS tracker with reliable performance for reasonable price.

The Middle East & Africa GPS Tracking Devices Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have a complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried out to understand the market more comprehensively.

Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact on altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The primary critical players in the Middle East and Africa GPS Tracking Devices Market are:

Shenzhen Concox Information Technology Co., Ltd Laird PLC
Queclink Wireless Solutions Co., Ltd
Sierra Wireless Inc.
CalAmp Corporation
Laird PLC

Along with these companies, there were many other companies considered/ cited in the report while analysing the Middle East and Africa GPS tracking devices market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.

and government initiatives. The

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Middle East & Africa 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

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