Global Car GPS Trackers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Car GPS Trackers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Car GPS trackers is a kind of equipment used to remotely monitor the position of cars. The device sends the data to the GPS satellite, which then forwards the information to the application or phone number connected by the device owner. The report mainly studies the global car GPS trackers market.

Market Overview:

The latest research study on the global Car GPS Trackers market finds that the global Car GPS Trackers market reached a value of USD 1955.98 million in 2022. It’s expected that the market will achieve USD 5507.08 million by 2028, exhibiting a CAGR of 18.83% during the forecast period.

The demand for asset tracking is rising

Car GPS trackers can effectively reduce the risk of asset loss, which is very important for enterprises and individuals to reduce this risk. It can help people track and retrieve stolen cars quickly, thus avoiding the loss of assets and the need to buy replacement cars. In Australia, for example, there are 125 cases of vehicle theft every day. In the 12 months before March 2021, an average of 125 cars were stolen every day; During this period, a total of 45,702 cases of motor vehicle theft occurred. For every 1,000 cars registered in Australia, an average of 2.25 cars are stolen. But 2020 may be the year with the least number of vehicle thefts in Australia in the past five years. The National Motor Vehicle Theft Reduction Committee (NMVTRC), which provided this data, said that it is uncertain whether the number will continue to decline, remain unchanged or rise.

There are many cases of automobile asset theft all over the world. It is predicted that with the further deepening of people's understanding of car GPS trackers and the further rising demand for asset tracking, the market of car GPS trackers will further expand.

The influence of non-standard products and environmental factors leads to poor user experience

Although the adoption of car GPS trackers brings great benefits, the impact of non-standard products and environmental factors leads to poor user experience and limits the growth of car GPS trackers market. Poor quality of non-standard car GPS trackers, poor performance of GPS receiving antenna and poor positioning algorithm will lead to poor user experience and may hinder the performance of GPS tracking equipment.

In addition, some environmental factors, such as dense trees, steep hillsides, tall buildings, and even thick clouds, will weaken GPS signals, which may lead to delayed results due to these geographical restrictions.

Region Overview:

In 2021, the share of the Car GPS Trackers market in Europe stood at 40.43%.

Company Overview:

CalAmp is one of the major players operating in the Car GPS Trackers market, holding a share of 6.81% in 2021.

CalAmp

CalAmp is a technology solutions pioneer transforming the global connected economy. company help reinvent business and improve lives around the globe with technology solutions that streamline complex IoT deployments and bring intelligence to the edge. company software applications, scalable cloud services, and intelligent devices collect and assess business-critical data from mobile assets, cargo, companies, cities and people.

Concox Information Technology

Concox Information Technology incorporated for over 15 years, has become a leading designer and manufacturer of telematics and wireless communications products, dedicates to bringing reliable products and customized solutions to clients across the world.

Segmentation Overview:

By type, Wired Car GPS Trackers segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segment Commercial Vehicle, with a market share of 82.77% in 2021.

Key Companies in the global Car GPS Trackers market covered in Chapter 3:

Suntech International
Queclink
Spireon
CalAmp
Concox Information Technology
Trackimo
Sierra Wireless
Shenzhen Eelink Communication Technology
Orbocomm
Teltonika
ARKNAV
ThinkRace Technology
Starcom Systems
GOTOP Limited
Meitrack
Shenzhen Coban Electronics
Ruptela
Gosafe Company Ltd.
Tomtom
Geotab Inc

In Chapter 4 and Chapter 14.2, on the basis of types, the Car GPS Trackers market from 2018 to 2029 is primarily split into:

Wired Car GPS Trackers
Wireless Car GPS Trackers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Car GPS Trackers market from 2018 to 2029 covers:

Passenger Car
Commercial Vehicle

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)