Report Description

The Europe GPS Tracking Device Market is anticipated to thrive in the forecast period 2024-2028, owing to increased sales of commercial vehicles, low costs, good returns on investments, and widespread use of technology. Moreover, increasing demand for better security systems and resource management boosts the market's growth. Additionally, increasing demand for IoT and cloud technology, increased use of digital maps, and the rapid development and upgrading of the software used in GPS tracking devices are anticipated to present the Europe GPS tracking device market with numerous growth opportunities.

Global Positioning System (GPS) is a global navigation system that can locate particular locations. A GPS tracking device is linked to the Global Navigation Satellite System (GNSS) to gather information about position and orientation.

GPS tracking devices operate by transmitting radio signals and establishing satellite connection to locate a person or an object using geographic positioning. A GPS tracking gadget quickly downloads the information and pings those satellites after installation. The satellites use latitude and longitude to determine the precise location and estimated distance of a given point. Both individually and professionally, GPS tracking is employed both individually and professionally. With GPS, anyone can track their vehicle or pet and businesses can use GPS tracking to safeguard their assets.

Growing Demand for Cloud and IoT Technologies

The GPS tracker offers a variety of applications with its unique feature, which was created using cutting-edge technologies like IoT and cloud computing. GPS trackers have in-built electronics and internet connectivity, making them intelligent objects and devices that can connect to the cloud, be controlled from a distance, and interact with one another. Consequently, growing interest in IoT and cloud technology fuels the expansion of the GPS tracking market.

 A Rise in Sales of Commercial Vehicles

The market is expanding due to GPS device's high durability and rising use of GPS tracking systems in commercial vehicles. Due to the expansion of the retail sector, GPS monitoring devices identify vehicles that utilize GPS to track their precise location. This increases the requirement for tracking to ensure worker safety and productivity. Thus, GPS technology is widely used in business cars, due to which the market for GPS tracking systems is growing along with the increase in commercial vehicle sales. Additionally, it is anticipated that the e-commerce sector's increased penetration will increase the demand for GPS tracking systems in light commercial vehicles.

Increased Use of Digital Maps

Due to the rising number of internet customers and the increased usage of smartphones and other portable devices for internet access, the digital map industry is undergoing disruptive growth. As a result, the market for GPS tracking devices is growing due to the increase in the adoption of digital maps. Digital map systems are typically incorporated in self-driving automobiles for navigation and route planning. The primary reasons driving the growth of the GPS tracking market include new digital map trends like 3D maps and simplicity of understanding and locating a location.

Real-time tracking, time efficiency, and precision are made possible by GPS devices, which boosts their marketability. They are small in size, simple to handle, and are well utilized to track the object or person. The Prime AT 2G GPS Tracker, which is used for various applications such as vehicle tracking or asset tracking with the ability of live tracking from a few seconds when moving, but switching off when the tracker stops, was introduced by BlueTrack, a manufacturer of GPS tracking devices, in 2022.


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Market Segmentation

The GPS Tracking Device market is segmented into Technology, Network, Product Type, Type, and End User. Based on technology, the market is segmented into standalone trackers, convert trackers, and advance trackers. Based on network, the market is segmented into 3G, and 4G. Based on product type, the market is divided intodata loggers, data pushers, and data pullers. Based on type, it is categorized into handheld & mounted data loggers, data pushers, and data pullers. Based on end user, the market is segregated into automotive, aerospace & defense, healthcare, and others.

Market Player

Major market players in the Europe GPS Tracking Device market are Verizon Wireless, Concox Information Technology Co. Ltd., Calamp Corp., Orbocomm Inc., Sierra Wireless Inc. , Atrack Technology Inc., Tomtom International , Spy tech Inc., Queclink Wireless Solutions Co. Ltd., Laipac Technology Inc.

Recent Development

As of December 2020, the latest asset tracker, GL52S, was unveiled by Quecklink. It was created specifically for tracking management applications such stationary asset monitoring, inventory control, and recovering stolen vehicles.

As of December 2020, the first Bluetooth vehicle GPS tracker, the T399 Series from Meitrack, was released. To increase the effectiveness of fleet management, it also supports Bluetooth beacons that work with Bluetooth temperature and humidity sensors.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Solution Type

By Deployment

By Organization Size

By Industry Vertical

Country scope

Germany, United Kingdom, Italy, France, Spain, Netherlands, Poland, Russia

Key companies profiled

Verizon Wireless, Concox Information Technology Co. Ltd., Calamp Corp., Orbocomm Inc., Sierra Wireless Inc. , Atrack Technology Inc., Tomtom International , Spy tech Inc., Queclink Wireless Solutions Co. Ltd., Laipac Technology Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the Europe GPS Tracking Device market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Europe GPS Tracking Device Market, By Technology:

o   Standalone Trackers

o   Convert Trackers

o   Advance Trackers

·         Europe GPS Tracking Device Market, By Network:

o   3G

o   4G

·         Europe GPS Tracking Device Market, By Product Type:

o   Handheld

o   Mounted

·         Europe GPS Tracking Device Market, By Type:

o   Data Loggers

o   Data Pushers

o   Data Pullers

·         Europe GPS Tracking Device Market, By End User:

o   Automotive

o   Aerospace & Defense

o   Healthcare

o   Others

·         Europe GPS Tracking Device Market, By Country:

o   Germany

o   United Kingdom

o   Italy

o   France

o   Spain

o   Netherlands

o   Poland

o   Russia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Europe GPS Tracking Device market.

Available Customizations:

Europe GPS Tracking Device market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The Europe GPS Tracking Device market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Europe GPS Tracking Device Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

5.5.  Technological Awareness

6.    Europe GPS Tracking Device Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Technology (Standalone Trackers, Convert Trackers, and Advance Trackers)

6.2.2.     By Network (3G & 4G)

6.2.3.     By Product Type (Handheld & Mounted)

6.2.4.     By Type (Data Loggers, Data Pushers, and Data Pullers)

6.2.5.     By End User (Automotive, Aerospace & Defense, Healthcare, and Others)

6.2.6.     By Country

6.2.7.     By Company (2022)

6.3.  Market Map

7.    Germany GPS Tracking Device Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Technology

7.2.2.     By Network

7.2.3.     By Product Type

7.2.4.     By Type

7.2.5.     By End User

8.    United Kingdom GPS Tracking Device Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Technology

8.2.2.     By Network

8.2.3.     By Product Type

8.2.4.     By Type

8.2.5.     By End User

9.    Italy GPS Tracking Device Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Technology

9.2.2.     By Network

9.2.3.     By Product Type

9.2.4.     By Type

9.2.5.     By End User

10.  France GPS Tracking Device Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Technology

10.2.2.  By Network

10.2.3.  By Product Type

10.2.4.  By Type

10.2.5.  By End User

11.  Spain GPS Tracking Device Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Technology

11.2.2.  By Network

11.2.3.  By Product Type

11.2.4.  By Type

11.2.5.  By End User

12.  Netherlands GPS Tracking Device Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value

12.2.              Market Share & Forecast

12.2.1.  By Technology

12.2.2.  By Network

12.2.3.  By Product Type

12.2.4.  By Type

12.2.5.  By End User

13.  Poland GPS Tracking Device Market Outlook

13.1.              Market Size & Forecast

13.1.1.  By Value

13.2.              Market Share & Forecast

13.2.1.  By Technology

13.2.2.  By Network

13.2.3.  By Product Type

13.2.4.  By Type

13.2.5.  By End User

14.  Russia GPS Tracking Device Market Outlook

14.1.              Market Size & Forecast

14.1.1.  By Value

14.2.              Market Share & Forecast

14.2.1.  By Technology

14.2.2.  By Network

14.2.3.  By Product Type

14.2.4.  By Type

14.2.5.  By End User

15.  Market Dynamics

15.1.  Drivers

15.1.1.  Growing Demand for Cloud and Iot Technologies

15.1.2.  A rise in Sales of Commercial Vehicles

15.1.3.  Increased Use Of Digital Maps

15.2.  Challenges

15.2.1.  Poor User Experience

15.2.2.  reduced accuracy of the devices

16.  Market Trends & Developments

16.1.    Increase Outdoor Application

16.2.    Rise In Technological Development

16.3.    Government Initiatives

16.4.    Lower Cost

16.5.    Rising Investment

17.  Company Profiles

17.1.  Verizon Wireless

17.1.1.  Business Overview

17.1.2.  Key Revenue and Financials

17.1.3.  Recent Developments

17.1.4.  Key Personnel

17.1.5.  Key Product/Services

17.1.6.  SWOT Analysis

17.2.  Concox Information Technology Co. Ltd.

17.2.1.  Business Overview

17.2.2.  Key Revenue and Financials

17.2.3.  Recent Developments

17.2.4.  Key Personnel

17.2.5.  Key Product/Services

17.2.6.  SWOT Analysis

17.3.  Calamp Corp.

17.3.1.  Business Overview

17.3.2.  Key Revenue and Financials

17.3.3.  Recent Developments

17.3.4.  Key Personnel

17.3.5.  Key Product/Services

17.3.6.  SWOT Analysis

17.4.  Orbocomm Inc.

17.4.1.  Business Overview

17.4.2.  Key Revenue and Financials

17.4.3.  Recent Developments

17.4.4.  Key Personnel

17.4.5.  Key Product/Services

17.4.6.  SWOT Analysis

17.5.  Sierra Wireless Inc.

17.5.1.  Business Overview

17.5.2.  Key Revenue and Financials

17.5.3.  Recent Developments

17.5.4.  Key Personnel

17.5.5.  Key Product/Services

17.5.6.  SWOT Analysis

17.6.  Atrack Technology Inc.

17.6.1.  Business Overview

17.6.2.  Key Revenue and Financials

17.6.3.  Recent Developments

17.6.4.  Key Personnel

17.6.5.  Key Product/Services

17.6.6.  SWOT Analysis

17.7.  Tomtom International

17.7.1.  Business Overview

17.7.2.  Key Revenue and Financials

17.7.3.  Recent Developments

17.7.4.  Key Personnel

17.7.5.  Key Product/Services

17.7.6.  SWOT Analysis

17.8.  Spy tech Inc.

17.8.1.  Business Overview

17.8.2.  Key Revenue and Financials

17.8.3.  Recent Developments

17.8.4.  Key Personnel

17.8.5.  Key Product/Services

17.8.6.  SWOT Analysis

17.9.  Queclink Wireless Solutions Co. Ltd.

17.9.1.  Business Overview

17.9.2.  Key Revenue and Financials

17.9.3.  Recent Developments

17.9.4.  Key Personnel

17.9.5.  Key Product/Services

17.9.6.  SWOT Analysis

17.10.            Laipac Technology Inc.

17.10.1.                Business Overview

17.10.2.                Key Revenue and Financials

17.10.3.                Recent Developments

17.10.4.                Key Personnel

17.10.5.                Key Product/Services

17.10.6.                SWOT Analysis

18.  Strategic Recommendations

18.1.    Key focus on UK

18.2.    Key focus towards Automotive Industry

19.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Verizon Wireless, Concox Information Technology Co. Ltd., Calamp Corp., Orbocomm Inc., Sierra Wireless Inc., Atrack Technology Inc., Tomtom International , Spy tech Inc., Queclink Wireless Solutions Co. Ltd., Laipac Technology Inc.

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Increasing demand for IoT and cloud technology and growing usage of digital maps are key factors driving revenue growth of the Europe GPS tracking device market.

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UK is the fastest-growing region in the GPS Tracking Device market due to developing IT industry and government initiative.

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A GPS tracking device is a portable unit that allow users to monitor and track its location.

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Sakshi Bajaal

Business Consultant
Press Release

Europe GPS Tracking Device Market to Grow At Impressive Rate by 2028

Jan, 2023

Increased development and upgradation of GPS tracking device software are expected to drive the market of Europe GPS Tracking Device Market in the forecast period of 2024-2028.