GPS Tracking Device Market – Global Trade Data of GPS Tracking Device
19 July 2021

When it comes to human
security while moving in a person or vehicle, a GPS tracker is playing an
efficient role in identifying exact location of that person or vehicle. A GPS
tracker is a device by which a person can track and determine location &
map out of the path by which they are meant to follow. This device is usually
used by a moving individual or vehicle they are meant to follow. In recent
times, people have learned about the use of GPS tracking device and so the
global market of GPS tracking device is growing.
The GPS tracking device global
market is expected to grow from USD 1.78 billion in 2020 to USD 2.9 billion by
2023 and further by USD 4.93 billion by 2028. The major factors that are
expected to be driving the GPS tracking device market are various government
mandates, rising commercial vehicle sales, affordable price and vehicle theft
protection.
According to Export Genius,
GPS tracking device global imports totaled USD 8.3 billion, while exports
totaled USD 7.9 billion in 2020. Our international trade data helps you
understand market size of GPS tracking device based on type, industry and
region.
GPS Tracking Device Global
Imports & Exports
Since 2016, the global market
of GPS tracking device is on the decline due to several factors including lack
of awareness about how this device is useful in vehicles for safety. The year
2020 saw a drastic fall in import and export value of GPS tracking device due
to Covid-19 pandemic and supply chain restrictions. Below given chart shows
dollar amount of GPS tracking device global imports and exports reported from
2016 to 2020.
Year |
Import
Value USD Billion |
Export
Value USD Billion |
2016 |
12.7 |
11.5 |
2017 |
11.6 |
11.9 |
2018 |
11.1 |
11.2 |
2019 |
10.9 |
10.6 |
2020 |
8.3 |
7.9 |
Global trade data of GPS
tracking device and market research reports we provide are an important tool in
understanding the industry and its trends. They can help you make better
business decisions by providing insights on what your competitors are doing,
what are their market strategies and how to stay ahead of them. Get import
export data of GPS tracking device and take relevant decisions for the future
of your company.
Top 10 Global Importer & Exporter Countries of GPS Tracking Device 2020
Our global trade data
of GPS tracking device shows United States was the top importer country and
China was the largest exporter country of the device in 2020. Both the
countries shared more than 12% value to total market of GPS tracking device. Top
10 importer countries of GPS tracking device accounted for 62.3% to overall
value of shipments and top 10 exporter countries of GPS tracking device shared
65.9% value to total exports in 2020.
Import
Country |
Value
USD % |
Export
Country |
Value
USD % |
United
States |
12.5 |
China |
12.6 |
Japan |
12 |
Germany |
11.1 |
Germany |
9.7 |
United
States |
9.4 |
United
Kingdom |
7.9 |
United Kingdom |
6.8 |
China |
5.1 |
Philippines |
5.5 |
France |
3.8 |
Taipei,
Chinese |
5.3 |
India |
3.1 |
Japan |
5 |
Netherlands |
2.8 |
Netherlands |
4 |
Italy |
2.8 |
Poland |
3.1 |
Singapore |
2.6 |
France |
3.1 |
Why you should buy this global
trade data of GPS tracking device with analysis report?
This data offers a concise
analysis of the GPS tracking device market for the last 6 years with historical
data.
This data helps you to
understand the market components and know key players of GPS tracking device
market and analyze their competition dynamics as well as strategies.
This data is a complete
guideline for the clients to take informed decisions from detailed information.
You can get a complete market
report on global trade of GPS tracking device for in-depth analysis. Contact us
right now and our sales representatives will first provide free data sample of
GPS tracking device.
Find key questions answered in
report of GPS tracking device
·
Which countries & companies play crucial
role in development of GPS tracking device market?
·
Which regional market in expected to dominate
the GPS tracking device market in future?
·
How business of GPS tracking device is
operating in the current Covid-19 scenario?
The key factors that hamper
the GPS tracking device market growth are low awareness among small scale
manufactures and competition from uninterrupted and non-fluctuating power
supply systems. The opportunity lies in increase in awareness for need of GPS,
developments in automotive industry and transportation issues in the developing
countries. As we the awareness of using GPS tracking device in vehicles is
rising, the future of GPS tracking device business is bright.
