An Incisive, In-depth Analysis on the Gps Tracker Market
This study offers a comprehensive, 360 degree analysis on the Gps Tracker market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Gps Tracker market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
New application areas and increasing utilisation of drones and autonomous cars are trending the global GPS tracker market
New applications of GPS trackers are developing in Western Europe. The use of GPS tracking in laser aimed darts is a novel concept which got success after its testing. Such areas of applications, getting developed successfully and now need to be brought to light to the population. For instance, In June 2017, the police in Waterloo, Belgium used GPS trackers to track a truck. The police found the laser-aimed darts a safer alternative to chase. This innovative technology was deployed for the first time.
GPS tracking is still in introductory stages of its application in the aviation industry. The delay in delivery of correct piece of information is a major drawback of this application, which is particularly critical in regions like Eastern Europe, where pilots have to operate in regions with unstable connection. This is motivating the several companies to launch high standard GPS trackers that could be helpful in aviation industry. In February 2017, UTair-Helicopter services, a Russian helicopter operator, launched GPS tracking over its entire fleet. These trackers monitor aircraft movements and thus work towards improving the aircraft safety.
The rising imports and exports between countries bolsters the market growth for GPS trackers. The amount of cargos transported between countries is witnessing a fast growth which create an inevitable need for fleet management solutions to ensure the safe delivery of goods. These needs create an opportunity for a strong growth potential in the global GPS trackers market. According to World Bank, the exports and imports of goods from Brazil and Mexico increased significantly from 2010 to 2016.
Apart from the traditional usage of GPS trackers in vehicles for navigation, umpteenth of new areas of applications are developing. One of the emerging area of development is in nabbing of criminals by the police department. In July 2017, Police officers in India used a small, discreet GPS tracker called the Track 24×7 Mini-Tracker developed by a local Indian developer. The device was used to track suspects in a special case. Further, satisfied with the results, the police asked the developer to provide them 50 more mini-trackers
GPS is critical to the development of new applications like drones and self-driving cars, which has become an indispensable part of population especially in the developed regions like Japan where people lead a luxurious life yet are very much concerned about their safety.
The increasing amount of goods transported between the countries mainly the UAE and gulf countries is one of the primary driver for the growth of GPS tracker market in MEA. Due to rising transport, companies providing fleet management solutions.
Advanced tracking in high value air cargos is still a nascent technology which needs careful handling. The transportation of valuables like pharmaceuticals and temperature sensitive electronics, needs to be monitored throughout the journey very carefully. The trackers used for such purposes are undergoing extensive R&D, with the launch of successful trackers are expected to increase the demand for trackers in the near future.
Advanced Trackers segment is anticipated to exhibit high market attractiveness index over the forecast period
In terms of value, advanced trackers segment is projected to be the most attractive in the global GPS tracker market during the forecast period. OBD trackers segment is expected to register moderate Y-o-Y growth rate throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 8.2% during the forecast period. In 2017, advanced trackers segment is estimated to be valued more than US$ 445 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.
A new publication by Future Market Insights titled “GPS Tracker Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017–2027)” demonstrates the key market dynamics and trends across seven regions which influence the current nature and future status of the global GPS tracker market over the forecast period. The report provides detailed analysis of the global GPS tracker market and offers insights on the various factors driving the growth of the market. The report also provides an extensive analysis of industry drivers, restraints, market trends and market structure. This comprehensive market study provides an in-depth assessment of key stakeholder strategies and imperatives for succeeding in the business. The report segregates the global GPS tracker market based on type, industry, application and region.
During the process of market sizing and estimation, we have considered the GPS tracker contracts formed by prominent players with various utility companies across the world. The initial value of the contract has been taken into consideration to arrive at the indicated market numbers. This excludes the variable cost component of subsequent years of contract duration.
The report commences with an overview of the global GPS tracker market. In addition, this section includes an analysis of key trends, drivers and restraints from the supply, demand and economy side, which are influencing the global GPS tracker market. Impact analysis of key growth drivers and restraints based on the weighted average model is included in this report to facilitate clients with crystal clear decision-making insights. A detailed analysis has been provided for every segment in terms of market size analysis for GPS trackers across all the seven regions. The report provides a detailed analysis covering key trends, absolute dollar opportunity and BPS analysis. The report provides a market outlook for 2017–2027 and sets the forecast within the context of the GPS trackers ecosystem, including latest technological developments as well as offerings in the market. This study discusses key trends within countries contributing to the growth of the market, as well as analyses the degree to which drivers are influencing this market in each country.
In the final section of the report, we include a competitive landscape to provide clients with a dashboard view, based on categories of providers in the global GPS trackers market value chain, presence in the global GPS trackers portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global GPS trackers value chain and potential players. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included within the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the global GPS trackers market.
We have taken a systematic research approach while studying this market. In-depth secondary research is used to arrive at an overall market size, top industry players, top products and industry associations. Our analysts have formulated a detailed discussion guide in order to conduct expert and industry interviews. We also have conducted interviews with industry experts, industry players, distributors and retailers. Data is validated by triangulation method, wherein primary, secondary, and Future Market Insight’s analysis contribute to the final data. We have also analysed the various companies annual report, investor presentation, SEC filings, reports and press release operating in an GPS tracker market to fetch substantial information about the market size, trends, opportunity, drivers, restraints and to analyse key players.