The Latin America, Middle East and Africa GPS Tracking Device Market should witness market growth of 15.4% CAGR during the forecast period (2022-2028).
GPS provides complete details about the position, motion, as well as the speed of a specific vehicle. The development of GPS tracking technology facilitates the incorporation of additional features. It analyzes the location of the vehicle and also its driving style, sometimes even displaying the section of the road where mistakes were made while driving. The best future drive planning is made possible by this function. Reminders for maintenance and code readers are additional features of web-based car monitoring software.
A driver's path can be found along with the cheapest petrol station using some GPS devices. Since more advanced technologies are being adopted by various industries, the GPS tracking device marketis expanding. A key factor in accelerating market expansion will be the encouragement given to security devices and improved resource management. GPS technology is frequently employed to pinpoint the exact location of automobiles and other mobile entities. The data about the moving object may be retained inside the tracking device or transferred to a central control unit.
Saudi Arabia is one of the greatest net petroleum exporters, home to over 17% of the world's proven oil reserves. The two main parts of Saudi Aramco's business are upstream and downstream. In addition, Saudi Aramco is one of the world's most integrated chemical and energy enterprises. Qatar has historically been one of the region's biggest producers of natural gas, and in the coming years, it is anticipated that it will generate even more gas. Therefore, the region's expanding oil & gas sector implies that the demand for commercial vehicles will increase, particularly those with GPS for easy fleet tracking. This is accelerating the expansion of the regional market.
The Brazil market dominated the LAMEA GPS Tracking Device Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $99.1 Million by 2028. The Argentina market is experiencing a CAGR of 16% during (2022-2028). Additionally, The UAE market would showcase a CAGR of 15.1% during (2022-2028).
Based on Type, the market is segmented into Advance Trackers, Standalone Trackers, and On-Board Diagnostics (OBD) Devices. Based on Deployment, the market is segmented into Commercial Vehicles and Cargo & Containers. Based on Industry, the market is segmented into Transportation & Logistics, Construction, Government, Oil & Gas, Metals & Mining and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TomTom N.V., Sierra Wireless, Inc. (Semtech Corporation), Sensata Technologies Holdings PLC, CalAmp Corp, Orbcomm, Inc. (GI Partners L.P.), Shenzhen Jimi IoT Co., Ltd., Queclink Wireless Solutions Co., Ltd., Teltonika, ATrack Technology, Inc. and Ruptela.
GPS provides complete details about the position, motion, as well as the speed of a specific vehicle. The development of GPS tracking technology facilitates the incorporation of additional features. It analyzes the location of the vehicle and also its driving style, sometimes even displaying the section of the road where mistakes were made while driving. The best future drive planning is made possible by this function. Reminders for maintenance and code readers are additional features of web-based car monitoring software.
A driver's path can be found along with the cheapest petrol station using some GPS devices. Since more advanced technologies are being adopted by various industries, the GPS tracking device marketis expanding. A key factor in accelerating market expansion will be the encouragement given to security devices and improved resource management. GPS technology is frequently employed to pinpoint the exact location of automobiles and other mobile entities. The data about the moving object may be retained inside the tracking device or transferred to a central control unit.
Saudi Arabia is one of the greatest net petroleum exporters, home to over 17% of the world's proven oil reserves. The two main parts of Saudi Aramco's business are upstream and downstream. In addition, Saudi Aramco is one of the world's most integrated chemical and energy enterprises. Qatar has historically been one of the region's biggest producers of natural gas, and in the coming years, it is anticipated that it will generate even more gas. Therefore, the region's expanding oil & gas sector implies that the demand for commercial vehicles will increase, particularly those with GPS for easy fleet tracking. This is accelerating the expansion of the regional market.
The Brazil market dominated the LAMEA GPS Tracking Device Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $99.1 Million by 2028. The Argentina market is experiencing a CAGR of 16% during (2022-2028). Additionally, The UAE market would showcase a CAGR of 15.1% during (2022-2028).
Based on Type, the market is segmented into Advance Trackers, Standalone Trackers, and On-Board Diagnostics (OBD) Devices. Based on Deployment, the market is segmented into Commercial Vehicles and Cargo & Containers. Based on Industry, the market is segmented into Transportation & Logistics, Construction, Government, Oil & Gas, Metals & Mining and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TomTom N.V., Sierra Wireless, Inc. (Semtech Corporation), Sensata Technologies Holdings PLC, CalAmp Corp, Orbcomm, Inc. (GI Partners L.P.), Shenzhen Jimi IoT Co., Ltd., Queclink Wireless Solutions Co., Ltd., Teltonika, ATrack Technology, Inc. and Ruptela.
Scope of the Study
By Type
- Advance Trackers
- Standalone Trackers
- On-Board Diagnostics (OBD) Devices
By Deployment
- Commercial Vehicles
- Cargo & Containers
By Industry
- Transportation & Logistics
- Construction
- Government
- Oil & Gas
- Metals & Mining
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- TomTom N.V.
- Sierra Wireless, Inc. (Semtech Corporation)
- Sensata Technologies Holdings PLC
- CalAmp Corp
- Orbcomm, Inc. (GI Partners L.P.)
- Shenzhen Jimi IoT Co., Ltd.
- Queclink Wireless Solutions Co., Ltd.
- Teltonika
- ATrack Technology, Inc.
- Ruptela
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA GPS Tracking Device Market by Type
Chapter 5. LAMEA GPS Tracking Device Market by Deployment
Chapter 6. LAMEA GPS Tracking Device Market by Industry
Chapter 7. LAMEA GPS Tracking Device Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- TomTom N.V.
- Sierra Wireless, Inc. (Semtech Corporation)
- Sensata Technologies Holdings PLC
- CalAmp Corp
- Orbcomm, Inc. (GI Partners L.P.)
- Shenzhen Jimi IoT Co., Ltd.
- Queclink Wireless Solutions Co., Ltd.
- Teltonika
- ATrack Technology, Inc.
- Ruptela
Methodology
LOADING...
Related Reports
GPS Tracking Device Global Market Report 2024
- Report
- 200 Pages
- Global
From
From
![GPS Tracking Device Market: Trends, Opportunities and Competitive Analysis [2024-2030] - Product Image](http://www.researchandmarkets.com/product_images/12658/12658603_60px_jpg/gps_tracking_device_market.jpg){kind=tracking}
GPS Tracking Device Market: Trends, Opportunities and Competitive Analysis [2024-2030]
- Report
- 190 Pages
- Global
From
GPS Tracking Device Market by Type, Application, Industry - Global Forecast 2025-2030
- Report
- 188 Pages
- Global
From
GPS Equipment Global Market Report 2024
- Report
- 175 Pages
- Global
From
About the GPS Tracking Devices Market
GPS Tracking Devices are a type of Car Electronics and GPS that allow users to track the location of a vehicle or other asset in real-time. These devices are typically installed in a vehicle and use satellite navigation systems to provide accurate location data. GPS Tracking Devices can be used for a variety of purposes, such as fleet management, vehicle security, and stolen vehicle recovery. They can also be used to monitor driver behavior, such as speed and route taken. GPS Tracking Devices are Read more
This product is a market research report. Each license type allows a set number of users to access the report. Please select an option from the list below. This product is a market research report. This is a single user license, allowing one user access to the product. The product is a PDF. This product is a market research report. This is a site license, allowing all users within a given geographical location of your organization access to the product. The product is a PDF. This product is a market research report. This is an enterprise license, allowing all employees within your organization access to the product. The product is a PDF. 
