Summary

The Europe GPS Tracking Device Market is anticipated to thrive in the forecast period 2024-2028, owing to increased sales of commercial vehicles, low costs, good returns on investments, and widespread use of technology. Moreover, increasing demand for better security systems and resource management boosts the market's growth. Additionally, increasing demand for IoT and cloud technology, increased use of digital maps, and the rapid development and upgrading of the software used in GPS tracking devices are anticipated to present the Europe GPS tracking device market with numerous growth opportunities.
Global Positioning System (GPS) is a global navigation system that can locate particular locations. A GPS tracking device is linked to the Global Navigation Satellite System (GNSS) to gather information about position and orientation.
GPS tracking devices operate by transmitting radio signals and establishing satellite connections to locate a person or an object using geographic positioning. A GPS tracking gadget quickly downloads the information and pings those satellites after installation. The satellites use latitude and longitude to determine the precise location and estimated distance of a given point. Both individually and professionally, GPS tracking is employed both individually and professionally. With GPS, anyone can track their vehicle or pet, and businesses can use GPS tracking to safeguard their assets.
Growing Demand for Cloud and IoT Technologies
The GPS tracker offers a variety of applications with its unique feature, which was created using cutting-edge technologies like IoT and cloud computing. GPS trackers have in-built electronics and internet connectivity, making them intelligent objects and devices that can connect to the cloud, be controlled from a distance, and interact with one another. Consequently, growing interest in IoT and cloud technology fuels the expansion of the GPS tracking market.
A Rise in Sales of Commercial Vehicles
The market is expanding due to GPS devices' high durability and the rising use of GPS tracking systems in commercial vehicles. Due to the expansion of the retail sector, GPS monitoring devices identify vehicles that utilize GPS to track their precise location. This increases the requirement for tracking to ensure worker safety and productivity. Thus, GPS technology is widely used in business cars, due to which the market for GPS tracking systems is growing along with the increase in commercial vehicle sales. Additionally, it is anticipated that the e-commerce sector's increased penetration will increase the demand for GPS tracking systems in light commercial vehicles.
Increased Use of Digital Maps
Due to the rising number of internet customers and the increased usage of smartphones and other portable devices for internet access, the digital map industry is undergoing disruptive growth. As a result, the market for GPS tracking devices is growing due to the increase in the adoption of digital maps. Digital map systems are typically incorporated in self-driving automobiles for navigation and route planning. The primary reasons driving the growth of the GPS tracking market include new digital map trends like 3D maps and simplicity of understanding and locating a location.
Real-time tracking, time efficiency, and precision are made possible by GPS devices, which boosts their marketability. They are small in size, simple to handle, and well utilized to track the object or person. The Prime AT 2G GPS Tracker, which is used for various applications such as vehicle tracking or asset tracking with the ability to live track for a few seconds when moving but switch off when the tracker stops, was introduced by BlueTrack, a manufacturer of GPS tracking devices, in 2022.
Market Segmentation
The GPS Tracking Device market is segmented into Technology, Network, Product Type, Type, and End User. Based on technology, the market is segmented into standalone trackers, convert trackers, and advanced trackers. Based on the network, the market is segmented into 3G and 4G. Based on product type, the market is divided into data loggers, data pushers, and data pullers. Based on type, it is categorized into handheld & mounted data loggers, data pushers, and data pullers. Based on end-user, the market is segregated into automotive, aerospace & defense, healthcare, and others.
Market Player
Major market players in the Europe GPS Tracking Device market are Verizon Wireless, Concox Information Technology Co. Ltd., Calamp Corp., Orbocomm Inc., Sierra Wireless Inc., Atrack Technology Inc., Tomtom International, Spy Tech Inc., Queclink Wireless Solutions Co. Ltd., Laipac Technology Inc.
Recent Development
• As of December 2020, the latest asset tracker, GL52S, was unveiled by Quecklink. It was created specifically for tracking management applications such as stationary asset monitoring, inventory control, and recovering stolen vehicles.
• As of December 2020, the first Bluetooth vehicle GPS tracker, the T399 Series from Meitrack, was released. To increase the effectiveness of fleet management, it also supports Bluetooth beacons that work with Bluetooth temperature and humidity sensors.
Report Scope:
In this report, the Europe GPS Tracking Device market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
• Europe GPS Tracking Device Market, By Technology:
o Standalone Trackers
o Convert Trackers
o Advance Trackers
• Europe GPS Tracking Device Market, By Network:
o 3G
o 4G
• Europe GPS Tracking Device Market, By Product Type:
o Handheld
o Mounted
• Europe GPS Tracking Device Market, By Type:
o Data Loggers
o Data Pushers
o Data Pullers
• Europe GPS Tracking Device Market, By End User:
o Automotive
o Aerospace & Defense
o Healthcare
o Others
• Europe GPS Tracking Device Market, By Country:
o Germany
o United Kingdom
o Italy
o France
o Spain
o Netherlands
o Poland
o Russia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Europe GPS Tracking Device market.
Available Customizations:
Europe GPS Tracking Device market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

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Table of Contents

1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Europe GPS Tracking Device Market
4. Executive Summary
5. Voice of Customers
6. Europe GPS Tracking Device Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Technology (Standalone Trackers, Convert Trackers, and Advance Trackers)
6.2.2. By Network (3G & 4G)
6.2.3. By Product Type (Handheld & Mounted)
6.2.4. By Type (Data Loggers, Data Pushers, and Data Pullers)
6.2.5. By End User (Automotive, Aerospace & Defense, Healthcare, and Others)
6.2.6. By Country
6.3. By Company (2022)
6.4. Market Map
7. Germany GPS Tracking Device Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Technology
7.2.2. By Network
7.2.3. By Product Type
7.2.4. By Type
7.2.5. By End User
8. United Kingdom GPS Tracking Device Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Technology
8.2.2. By Network
8.2.3. By Product Type
8.2.4. By Type
8.2.5. By End User
9. Italy GPS Tracking Device Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Technology
9.2.2. By Network
9.2.3. By Product Type
9.2.4. By Type
9.2.5. By End User
10. France GPS Tracking Device Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Technology
10.2.2. By Network
10.2.3. By Product Type
10.2.4. By Type
10.2.5. By End User
11. Spain GPS Tracking Device Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Technology
11.2.2. By Network
11.2.3. By Product Type
11.2.4. By Type
11.2.5. By End User
12. Netherlands GPS Tracking Device Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value
12.2. Market Share & Forecast
12.2.1. By Technology
12.2.2. By Network
12.2.3. By Product Type
12.2.4. By Type
12.2.5. By End User
13. Poland GPS Tracking Device Market Outlook
13.1. Market Size & Forecast
13.1.1. By Value
13.2. Market Share & Forecast
13.2.1. By Technology
13.2.2. By Network
13.2.3. By Product Type
13.2.4. By Type
13.2.5. By End User
14. Russia GPS Tracking Device Market Outlook
14.1. Market Size & Forecast
14.1.1. By Value
14.2. Market Share & Forecast
14.2.1. By Technology
14.2.2. By Network
14.2.3. By Product Type
14.2.4. By Type
14.2.5. By End User
15. Market Dynamics
15.1. Drivers
15.2. Challenges
16. Market Trends & Developments
17. Company Profiles
17.1. Verizon Wireless
17.1.1. Business Overview
17.1.2. Key Revenue and Financials (if available)
17.1.3. Recent Developments
17.1.4. Key Personnel
17.1.5. Key Product/Services
17.2. Concox Information Technology Co. Ltd.
17.2.1. Business Overview
17.2.2. Key Revenue and Financials (if available)
17.2.3. Recent Developments
17.2.4. Key Personnel
17.2.5. Key Product/Services
17.3. Calamp Corp.
17.3.1. Business Overview
17.3.2. Key Revenue and Financials (if available)
17.3.3. Recent Developments
17.3.4. Key Personnel
17.3.5. Key Product/Services
17.4. Orbocomm Inc.
17.4.1. Business Overview
17.4.2. Key Revenue and Financials (if available)
17.4.3. Recent Developments
17.4.4. Key Personnel
17.4.5. Key Product/Services
17.5. Sierra Wireless Inc.
17.5.1. Business Overview
17.5.2. Key Revenue and Financials (if available)
17.5.3. Recent Developments
17.5.4. Key Personnel
17.5.5. Key Product/Services
17.6. Atrack Technology Inc.
17.6.1. Business Overview
17.6.2. Key Revenue and Financials (if available)
17.6.3. Recent Developments
17.6.4. Key Personnel
17.6.5. Key Product/Services
17.7. Tomtom International
17.7.1. Business Overview
17.7.2. Key Revenue and Financials (if available)
17.7.3. Recent Developments
17.7.4. Key Personnel
17.7.5. Key Product/Services
17.8. Spy tech Inc.
17.8.1. Business Overview
17.8.2. Key Revenue and Financials (if available)
17.8.3. Recent Developments
17.8.4. Key Personnel
17.8.5. Key Product/Services
17.9. Queclink Wireless Solutions Co. Ltd.
17.9.1. Business Overview
17.9.2. Key Revenue and Financials (if available)
17.9.3. Recent Developments
17.9.4. Key Personnel
17.9.5. Key Product/Services
17.10. Laipac Technology Inc.
17.10.1. Business Overview
17.10.2. Key Revenue and Financials (if available)
17.10.3. Recent Developments
17.10.4. Key Personnel
17.10.5. Key Product/Services
18. Strategic Recommendations
19. About Us & Disclaimer