New Research: Lucintel Predicts a Bright Future for the GPS Tracking Device Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global GPS Tracking Device Market 2019-2024”?

This market report for GPS tracking device identifies and predicts future opportunities for growth in GPS tracking device market for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for GPS tracking device in the transportation & logistics, construction, oil & gas, government, and metals & mining industries.

According to Lucintel’s market report, the global GPS tracking device market is expected to grow with a CAGR of 12% from 2019 to 2024. Some of the dominant players in the GPS tracking device market are Calamp, Orbocomm., Sierra Wireless., Atrack Technology, Geotab, Concox Information Technology, Trackimo, Meitrack Group, Ruptela and others.

There are some interesting developments in GPS tracking device market as competition heats up and players try to increase their market share. The major drivers for this market are growth of commercial vehicles and affordable price of the GPS device.

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