Europe GPS Tracking Device Market Segmented By Technology (Standalone Trackers, Convert Trackers, and Advance Trackers),By Network (3G & 4G), By Product Type (Handheld & Mounted), By Type (Data Loggers, Data Pushers, and Data Pullers), By End User (Automotive, Aerospace & Defense, Healthcare, and Others) By Region, Competition, Opportunity, and Forecast.
New York, June 13, 2023 (WORLD NEWSWIRE) — Reportlinker.com reveals the release of the report “Europe GPS Tracking Device Market Segmented By Technology,By Network, By Product Type, By Type, By End User By Region, Competition, Opportunity, and Forecast. 2018-2028F” –
2018-2028F
The Europe GPS Tracking Device Market is expected to prosper in the projection duration 2024-2028, owing to increased sales of industrial automobiles, low expenses, good rois, and prevalent usage of innovation.Moreover, increasing need for much better security systems and resource management increases the marketplace’s development.
Additionally, increasing need for IoT and cloud innovation, increased usage of digital maps, and the fast advancement and updating of the software utilized in GPS tracking gadgets are expected to provide the Europe GPS tracking gadget market with various development opportunities.
Global Positioning System (GPS) is a worldwide navigation system that can find specific places. A GPS tracking gadget is connected to the Global Navigation Satellite System (GNSS) to collect info about position and orientation.
GPS tracking gadgets run by transferring radio signals and developing satellite connections to find an individual or an item utilizing geographical positioning.A GPS tracking device rapidly downloads the info and pings those satellites after setup.
The satellites utilize latitude and longitude to figure out the exact area and approximated range of a provided point.Both separately and expertly, GPS tracking is used both separately and expertly.
With GPS, anybody can track their vehicle or family pet, and businesses can utilize GPS tracking to protect their possessions.
Growing Demand for Cloud and IoT Technologies
The GPS tracker provides a range of applications with its distinct function, which was developed utilizing innovative innovations like IoT and cloud computing.GPS trackers have inbuilt electronic devices and web connection, making them smart things and gadgets that can link to the cloud, be managed from a range, and connect with one another.
Consequently, growing interest in IoT and cloud innovation fuels the growth of the GPS tracking market.
A Rise in Sales of Commercial Vehicles
The market is broadening due to GPS gadgets’ high toughness and the increasing usage of GPS tracking systems in industrial automobiles.Due to the growth of the retail sector, GPS tracking gadgets determine automobiles that use GPS to track their exact area.
This increases the requirement for tracking to guarantee employee safety and efficiency.Thus, GPS innovation is commonly utilized in business automobiles, due to which the marketplace for GPS tracking systems is growing in addition to the boost in industrial vehicle sales.
Additionally, it is expected that the e-commerce sector’s increased penetration will increase the need for GPS tracking systems in light industrial automobiles.
Increased Use of Digital Maps
Due to the increasing variety of web consumers and the increased use of mobile phones and other portable gadgets for web gain access to, the digital map market is going through disruptive development.As an outcome, the marketplace for GPS tracking gadgets is growing due to the boost in the adoption of digital maps.
Digital map systems are generally included in self-driving vehicles for navigation and path preparation. The main factors driving the development of the GPS tracking market consist of brand-new digital map patterns like 3D maps and simpleness of understanding and finding a place.
Real-time tracking, time effectiveness, and accuracy are enabled by GPS gadgets, which increases their marketability.They are little in size, easy to manage, and well made use of to track the things or individual.
The Prime AT 2G GPS Tracker, which is utilized for different applications such as vehicle tracking or possession tracking with the capability to live tracking for a couple of seconds when moving however turn off when the tracker stops, was presented by BlueTrack, a producer of GPS tracking gadgets, in 2022.
Market Segmentation
The GPS Tracking Device market is segmented into Technology, Network, Product Type, Type, and End User.Based on innovation, the marketplace is segmented into standalone trackers, transform trackers, and advanced trackers.
Based on the network, the marketplace is segmented into 3G and 4G.Based on item type, the marketplace is divided into information loggers, information pushers, and information pullers.
Based on type, it is classified into portable & installed information loggers, information pushers, and information pullers. Based on end-user, the marketplace is segregated into vehicle, aerospace & defense, health care, and others.
Market Player
Major market gamers 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 possession tracker, GL52S, was revealed by Quecklink. It was developed particularly for tracking management applications such as fixed possession tracking, stock control, and recuperating stolen automobiles.
• As of December 2020, the very first Bluetooth vehicle GPS tracker, the T399 Series from Meitrack, was launched. To increase the efficiency of fleet management, it likewise supports Bluetooth beacons that deal with Bluetooth temperature level and humidity sensing units.
Report Scope:
In this report, the Europe GPS Tracking Device market has actually been segmented into the following classifications, in addition to the market patterns, which have actually likewise been detailed listed 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 significant business present in the Europe GPS Tracking Device market.
Available Customizations:
Europe GPS Tracking Device market report with the provided market information, Tech Sci Research provides personalizations according to a business’s particular requirements. The following modification choices are available for the report:
Company Information
• Detailed analysis and profiling of extra market gamers (approximately 5).
Read the complete report:
About Reportlinker
ReportLinker is an acclaimed marketing research service. Reportlinker discovers and arranges the latest market information so you get all the marketplace research study you require – quickly, in one location.
__________________________
CONTACT: Clare: [email protected] United States: (339)-368-6001 Intl: +1 339-368-6001
