Global GPS Tracking Device Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Industry;

Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, and Others.

By Deployment Type;

Commercial Vehicle, Cargo & Container, and Others.

By Sensor Type;

Pressure Sensor.

By Type;

Standalone Tracker, OBD Device, and Advance Tracker.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn146949960 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global GPS Tracking Device Market (USD Million), 2021 - 2031

In the year 2024, the Global GPS Tracking Device Market was valued at USD 2,804.45 million. The size of this market is expected to increase to USD 6,356.42 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.4%.

The Global GPS Tracking Device Market has seen substantial growth due to the increasing demand for real-time location tracking across various sectors. GPS tracking devices are commonly used in industries like transportation, logistics, and fleet management, where businesses rely on accurate tracking of vehicles, assets, and shipments to improve efficiency and security. These devices provide businesses with vital information such as route optimization, fuel consumption, and vehicle maintenance, contributing to overall operational cost reduction. Additionally, GPS tracking devices are becoming integral to personal use, with consumers adopting them for tracking loved ones, pets, or valuable items.

The growing need for security and monitoring solutions has further propelled the demand for GPS tracking devices in the market. For instance, these devices are widely used in the automotive sector to track stolen vehicles, enabling quick recovery and reducing the risk of loss. In the logistics and supply chain industry, GPS trackers help companies monitor the movement of goods in transit, ensuring transparency and minimizing theft or delays. Furthermore, GPS trackers are used in emergency services, allowing responders to locate people in distress quickly. This increasing demand for safety and monitoring solutions is driving the widespread adoption of GPS tracking technology across both business and personal applications.

In addition to traditional uses, the market for GPS tracking devices is expanding due to technological advancements. The integration of IoT (Internet of Things) and mobile applications has made GPS tracking devices more accessible and user-friendly, offering real-time tracking through smartphones and cloud-based platforms. These developments have allowed businesses and consumers to track objects or individuals remotely, enhancing the convenience and efficiency of tracking systems. The continuous improvement in battery life, data accuracy, and miniaturization of GPS devices further boosts their adoption in new applications, such as wearable trackers for health monitoring, pet tracking, and even environmental monitoring. As GPS tracking technology becomes more advanced and integrated into other smart systems, the market is expected to continue expanding globally.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Industry
    2. Market Snapshot, By Deployment Type
    3. Market Snapshot, By Sensor Type
    4. Market Snapshot, By Type
    5. Market Snapshot, By Region
  4. Global GPS Tracking Device Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. IoT Integration Expansion
        2. Fleet Management Efficiency
        3. Increasing Security Concerns
        4. Regulatory Compliance Requirements
      2. Restraints
        1. Privacy Concerns Arise
        2. Initial Implementation Costs
        3. Limited Battery Life
        4. Signal Interference Issues
      3. Opportunities
        1. Emerging IoT Applications
        2. Advancements in AI Integration
        3. Demand for Real-Time Data
        4. Growth in Logistics Sector
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global GPS Tracking Device Market, By Industry, 2021 - 2031 (USD Million)
      1. Transportation & Logistics
      2. Construction
      3. Oil & Gas
      4. Metals & Mining
      5. Government
      6. Others
    2. Global GPS Tracking Device Market, By Deployment Type, 2021 - 2031 (USD Million)
      1. Commercial Vehicle
      2. Cargo & Container
      3. Others
    3. Global GPS Tracking Device Market, By Sensor Type, 2021 - 2031 (USD Million)
      1. Pressure Sensor
    4. Global GPS Tracking Device Market, By Type, 2021 - 2031 (USD Million)
      1. Standalone Tracker
      2. OBD Device
      3. Advance Tracker
    5. Global GPS Tracking Device Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Calamp Corp.
      2. Orbocomm Inc.
      3. Queclink Wireless Solutions Co., Ltd.
      4. Sierra Wireless Inc.
      5. Laird plc
  7. Analyst Views
  8. Future Outlook of the Market