GPS Tracking Device Market

Calamp Corp. (US) and Orbocom Inc. (US) are the Major Players in the GPS Tracking Device Market

GPS tracking devices were available in the market since 1978. In its early days, the GPS technology was intended principally for the military usage. Owing to the benefits of the technology, GPS tracking devices were brought into commercial usage. Earlier GPS devices were expensive and used largely by fleet managers and the overall service fee was also high. The advent of cellular technology reduced the service cost, while the decline in GNSS/GPS IC prices made inroads for cell phone industry, which provides the scale of economies to GNSS/GPS module supplier. Moreover, multi-GNSS modules enable simultaneous positioning from a minimum two satellite navigation systems, leading enhanced positioning accuracy, compared to standard GPS-only modules. Currently, the majority of GNSS modules can support all four major satellite navigation systems from a single hardware.

Calamp Corp. (US), Sierra Wireless Inc. (Canada), Orbocomm Inc. (US), Queclink Wireless Solutions Ltd. (China), and Concox Information Technology Co., Ltd. (China) are some of the leading players in the GPS tracking device market. Product launches and developments, expansions, contracts, agreements, acquisitions, and partnerships are the key strategies followed by major players to gain a competitive edge in the market.

Calamp Corp. (US) holds the leading position in the GPS tracking device market. The company offers various types of GPS tracking devices for a wide range of industrial applications. The company has established a strong brand name owing to its innovative strength, technological excellence, high sustainable, and quality of products. The company has a broad product portfolio in the GPS tracking device market with a strong foothold in the US. The company is aggressively capturing the market share of GPS tracking devices with its acquisition and several product launches. Recently, in March 2016, the company has acquired LoJack Corporation (US), which is an aftermarket vehicle tracking system provider. With several product launches such as LMU-2640, LMU-200, and LMU-2600, the company is trying to diversify its product portfolio in the said market. Calamp Corp. (US) not only offers hardware but also provides telematics services to different industries. The company is also focused on R&D initiatives and a major portion of its revenue is invested in R&D.

Orbocom Inc. (US) is one of the major players in the GPS tracking device market. The company offers GPS tracking device for cargo and containers. The company’s products help to secure a niche in this competitive market. The company offers its products to various industries including transportation & logistics, marine, and heavy equipment. The company’s technological expertise made it possible to launch GPS tracking device that can be charged on solar energy. It also offers cellular and satellite communication-based GPS tracking devices. With organic and inorganic business strategies, the company increases its footprints in the GPS tracking device market.  It has a couple of product launches and collaborations over the last two years. Recently, in March 2017, the company collaborated with Weatherdock AG (Germany) and Pole Star Space Applications Limited (London) to develop class B vessel tracking solution. This collaboration will develop Hali, a Class B tri-mode vessel tracking solution.

Queclink Wireless Solutions Ltd. (China) and Concox Information Technology Co., Ltd (China) are the companies that play a significant role in the GPS tracking device market. Both the companies offer various types of GPS tracking devices, including vehicle tracker, personnel tracker, and pet trackers. The companies such as Meitrack Group (Chian), Teltonika UAB (Lithuania), Atrack Technology Inc. (Taiwan), Trackimo LLC (US), Geotab Inc. (Canada), and Laird PLC (UK) are contributing in the GPS tracking device market.

Related Reports:

GPS Tracking Device Market by Type (Standalone Tracker, OBD Device & Advance Tracker), Deployment Type (Commercial Vehicle, Cargo & Container), Industry (Transportation & Logistics, Metals & Mining, and Construction) and Geography - Global Forecast to 2023

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Report Code
SE 1089
RI Published ON
6/16/2017
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