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.

 

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.

 

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.