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Gps Tracking System Market
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Gps Tracking System Market

Author: Swarup Sahu - Senior Consultant, Report ID - DS2001044, Published - July 2025

Segmented in Technology Basis (Satellite-Based, Wireless-Based GPS), End-User Industry (Logistics & Transportation, Oil & Gas, Mining, Others), Application, Product Type, Market Type and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Gps Tracking System Market Outlook

The worldwide GPS Tracking System industry has revolutionized the realm of monitoring and tracking by creating a network of connectivity and convenience that is unprecedented, in its reach and capabilities. The market, for Gps tracking system was estimated at $3.9 billion in 2024. It is anticipated to increase to $8.2 billion by 2030 with projections indicating a growth to around $15.3 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 13.2% over the forecast period.


GPS tracking systems are instruments created to offer up to the minute location details of the monitored entity – be it an object or a person or a vehicle. These technologies have attracted interest due to their capabilities like sophisticated mapping options and real time notifications, for specific geographical areas.


Market Size Forecast & Key Insights

2019
$3.9B2024
2029
$13.5B2034

Absolute Growth Opportunity = $9.6B

The Gps Tracking System market is projected to grow from $3.9 billion in 2024 to $13.5 billion in 2034. This represents a CAGR of 13.2%, reflecting rising demand across Fleet Management, Asset Tracking and Personal Security.

The Gps Tracking System market is set to add $9.6 billion between 2024 and 2034, with manufacturer targeting Oil & Gas & Mining End-User Industry projected to gain a larger market share.

With Rise in vehicle thefts, and Advancements in iot and ai technologies, Gps Tracking System market to expand 246% between 2024 and 2034.

Opportunities in the Gps Tracking System Market

Integration in the Fishing Industry

The worldwide fishing sector has yet to make use of GPS technology despite its potential benefits for fishermen navigating the open seas and identifying prime fishing grounds, with high yields.

Expanding into the Pet Industry and Implementation in the Healthcare Sector

As more and more people around the world have pets nowadays the use of GPS technology in the industry remains largely unexplored. Pet owners are constantly concerned about their pets safety. Are open, to investing in items that guarantee it. GPS tracking devices can be incorporated into collars or implants enabling owners to keep a close eye on their beloved animals and locate them quickly in case they wander off.

Healthcare institutions and medical centers have the option to employ GPS tracking technology to monitor the whereabouts of patients— individuals with conditions like dementia or autism who are prone, to wandering and becoming disoriented—thus reducing the risk of them getting lost. Additionally these tracking systems can also be leveraged for overseeing medical devices and preventing their loss or theft.

Growth Opportunities in North America and Europe

Europe Outlook

In Western Europe and other parts of Europe well as a significant market for GPS tracking systems exists with a focus on safety and monitoring in the automotive and transportation sectors due to strict regulations in place here. The market faces competition from various local and international companies that provide creative tracking solutions. High demand for technology and an increase in vehicle theft cases are contributing factors for market growth opportunities, in this region.

North America Outlook

North America plays a role in the GPS tracking system market largely because transportation and logistics industries have embraced GPS tracking devices to a great extent there. The market is influenced by the presence of top GPS tracking manufacturers and the rise of technology leading to intense competition among key players who aim to offer innovative and affordable solutions. Moreover as more businesses understand the value of keeping track of their assets and workforce there is a potential, for market growth and expansion.

North America Outlook

North America plays a role in the GPS tracking system market largely because transportation and logistics industries have embraced GPS tracking devices to a great extent there. The market is influenced by the presence of top GPS tracking manufacturers and the rise of technology leading to intense competition among key players who aim to offer innovative and affordable solutions. Moreover as more businesses understand the value of keeping track of their assets and workforce there is a potential, for market growth and expansion.

Europe Outlook

In Western Europe and other parts of Europe well as a significant market for GPS tracking systems exists with a focus on safety and monitoring in the automotive and transportation sectors due to strict regulations in place here. The market faces competition from various local and international companies that provide creative tracking solutions. High demand for technology and an increase in vehicle theft cases are contributing factors for market growth opportunities, in this region.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, China, Germany, Japan, India are expected to grow at 11.9% to 15.8% CAGR

2

Emerging Markets : Australia, Vietnam, South Africa are expected to grow at 9.2% to 13.9% CAGR

Market Analysis Chart

Safety and security concerns are factors driving the market for GPS tracking systems along with the growth of the transportation and logistics industry and the expanding fleet management sector due to technological advancements in this field. In today's context GPS technologies are being commonly used to prevent theft and track assets effectively offering reassurance to users and playing a vital role in driving market expansion. The growing transportation and logistics industry depends greatly on real time location tracking, which further boosts the demand, for these systems.

Recent Developments and Technological Advancement

December 2024

Garmin has introduced a new GPS tracking app that works with systems to improve real time tracking features, for businesses.

November 2024

TomTom International has integrated sophisticated telematics features, into their GPS tracking systems to enhance fleet management services for businesses.

October 2024

Trimble Navigation introduced a cutting edge GPS tracking system powered by ML technology that offers predictive analysis, for monitoring vehicle movements.

In times the GPS tracking system market has seen notable advancements due to increased needs in industries such as logistics and fleet management as well as security purposes. One noteworthy trend is the incorporation of AI and IOT into GPS tracking systems which allows for data collection and analysis in real time resulting in enhanced accuracy and effectiveness, in location tracking.

Impact of Industry Transitions on the Gps Tracking System Market

As a core segment of the Automotive industry, the Gps Tracking System market develops in line with broader industry shifts. Over recent years, transitions such as Shift Towards IoT and Data Analytics and Increased Demand Due to Security Concerns have redefined priorities across the Automotive sector, influencing how the Gps Tracking System market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Shift Towards IoT and Data Analytics:

The GPS tracking sector is going through a shift driven by the merging of the IOT and data analysis technology. IoT advancements boost GPS tracking accuracy through monitoring and precise location details. Moreover the expansion of data analysis adds value to this field by aiding in leveraging both unstructured data, for critical decision making boosting operational effectiveness and improving overall efficiency. The fusion of IOT technology with data analytics is driving the creation of functionalities, in GPS tracking systems and transforming the market landscape.

2

Increased Demand Due to Security Concerns:

The GPS Tracking Industry is experiencing a change with the increasing interest, in GPS tracking systems driven by heightened security worries.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Automotive industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Automotive industry cascade into the Gps Tracking System market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Rise in Vehicle Thefts, and Emergence of Smart Cities

The increasing number of car thefts globally is also a factor driving the popularity of GPS tracking systems as more individuals and businesses are also turning to these solutions to safeguard their vehicles safety and security which is also fueling the expansion of the GPS Tracking System market.
The rise of cities and interconnected infrastructures is also driving the growth of the GPS Tracking System market as these systems play a crucial role in effectively managing urban resources, like public transportation and waste disposal while also enhancing traffic regulation practices.
The market is also influenced by the progress made in IOT well as AI . The enhanced connectivity and predictive features of these technologies have also enhanced the performance of GPS tracking systems by making them more effective and user friendly.

Restraint: High System and Installation Cost

The expenses linked to obtaining and setting up GPS tracking systems pose a hurdle for those involved in the industry sector. The complete GPS system comes with a price tag that covers hardware components along, with software licensing fees and the costs of installation and ongoing maintenance efforts. Small businesses and developing nations often find it challenging to budget for this technology investment which ultimately slows down the markets progress.

Challenge: Privacy and Security Concerns

GPS tracking systems collect amounts of information on the whereabouts and activities of tracked objects and people that offer valuable insights for improving operations but also raise privacy concerns if misused by unauthorized parties. Moreover the ongoing surveillance and monitoring, in societies could impact user trust and hinder market acceptance.

Supply Chain Landscape

Raw Material Suppliers

Bosch

Honeywell International

Component & Hardware Manufacturing

Garmin International Inc

CalAmp

The Boeing Company

Software Development & Integration
Trimble Inc. / MiTAC International Corporation / TomTom International BV
End Users
Transportation & Logistics / Marine industry / Aviation industry / Defence sector
Raw Material Suppliers

Bosch

Honeywell International

Component & Hardware Manufacturing

Garmin International Inc

CalAmp

The Boeing Company

Software Development & Integration

Trimble Inc.

MiTAC International Corporation

TomTom International BV

End Users

Transportation & Logistics

Marine industry

Aviation industry

Defence sector

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Leading Providers and Their Strategies

Application AreaIndustryLeadingProvidersProvider Strategies
Vehicle Tracking
Transportation and Logistics
Garmin Ltd.
Offering advanced features such as real-time tracking, route history, and geofencing, enhancing efficiency and productivity
Asset Management
Retail and Manufacturing
Zebra Technologies
Providing robust and scalable solutions capable of tracking assets across multiple locations in real-time, increasing operational efficiency
Personal Tracking
Consumer Electronics & Healthcare
SPOT LLC
Focusing on personal safety and security solutions with features like emergency SOS and check-in, catering to individual users and healthcare institutions
Fleet Management
Transportation and Logistics
TomTom International BV
Driving digital transformation within fleet management with tools for real-time vehicle tracking, efficient scheduling, and route optimization, improving overall operational efficiency

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Gps Tracking System market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Gps Tracking System in Asset Tracking, Fleet Management and Personal Security

Asset Tracking

These systems are used to protect and monitor valuable assets – from expensive equipment to goods in transit. By affixing a GPS tracker, businesses can keep tabs on precisely where their assets are, and set up alerts for movement or relocation outside predetermined region's. Leaders include Asset Panda and TrackAbout.

Fleet Management

GPS tracking systems are frequently employed for overseeing and supervising a business group of vehicles in time to offer essential data regarding location details and assorted metrics like speed and fuel usage as well as vehicle idle durations efficiently managing routes and preventing unauthorized use are key benefits of these systems with key players, in this field comprising Omnitracs and Verizon Connect.

Personal Security

GPS monitoring is now commonly employed in safety gadgets to monitor and safeguard people in need of assistance—specifically children and the elderly individuals who may be more vulnerable to potential risks or emergencies. These gadgets have the ability to transmit location updates and emergency signals as an additional measure of security for those individuals in need of protection. Safe Assist and Life360 stand out as players, in this particular market segment.

Gps Tracking System vs. Substitutes:
Performance and Positioning Analysis

The GPS tracking system stands out for its precision and ability to provide real time information when compared to options such as cell towers and Wi Fi based systems. It is highly versatile in its application across markets and shows significant potential for growth, in the evolving smart technology sector. These Alternatives specially Wi Fi Analytics has experienced a rapid growth as detailed in our latest report.

Gps Tracking System
  • Wi Fi Analytics /
  • RFID tracking
    Real-time location tracking, Increased efficiency in managing resources
    Dependence on satellite signals, Risks of data privacy breaches
    Real-time updates, Cost-effective
    Limited coverage areas, Dependent on Internet connectivity

Gps Tracking System vs. Substitutes:
Performance and Positioning Analysis

Gps Tracking System

  • Real-time location tracking, Increased efficiency in managing resources
  • Dependence on satellite signals, Risks of data privacy breaches

Wi Fi Analytics / RFID tracking

  • Real-time updates, Cost-effective
  • Limited coverage areas, Dependent on Internet connectivity

The GPS tracking system stands out for its precision and ability to provide real time information when compared to options such as cell towers and Wi Fi based systems. It is highly versatile in its application across markets and shows significant potential for growth, in the evolving smart technology sector. These Alternatives specially Wi Fi Analytics has experienced a rapid growth as detailed in our latest report.

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Research Methodology

This market research methodology defines the Gps Tracking System market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Automotive ecosystem, we analyze Gps Tracking System across Logistics & Transportation, Oil & Gas, and Mining Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as CalAmp Corp, Orbcomm Inc, and Sierra Wireless Inc by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Suppliers, Component & Hardware Manufacturing, and Software Development & Integration. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Automotive revenues to estimate the Gps Tracking System segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Suppliers (Bosch, Honeywell International), Component & Hardware Manufacturing (Garmin International Inc, CalAmp), and Software Development & Integration. Our parallel substitute analysis examines Wi Fi Analytics and RFID tracking, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as CalAmp Corp, Orbcomm Inc, and Sierra Wireless Inc, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Gps Tracking System market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Gps Tracking System Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 4.4 billion
Revenue Forecast in 2034USD 13.5 billion
Growth RateCAGR of 13.2% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 20243.9 billion
Growth OpportunityUSD 9.6 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20243.9 billion USD
Market Size 20275.7 billion USD
Market Size 20297.2 billion USD
Market Size 20308.2 billion USD
Market Size 203413.5 billion USD
Market Size 203515.3 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredTechnology Basis, End-User Industry, Application, Product Type, Market Type
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledCalAmp Corp, Orbcomm Inc, Sierra Wireless Inc, Geotab Inc, TomTom International BV, Trimble Inc, Verizon Connect, Omnitracs LLC, Inseego Corp, Trackimo LLC, Queclink Wireless Solutions Co Ltd and MiTAC Digital Technology Corporation
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Gps Tracking System Market Size, Opportunities & Strategic Insights, by Technology Basis

4.1Satellite-Based
4.2Wireless-Based GPS
Chapter 5

Gps Tracking System Market Size, Opportunities & Strategic Insights, by End-User Industry

5.1Logistics & Transportation
5.2Oil & Gas
5.3Mining
5.4Others
Chapter 6

Gps Tracking System Market Size, Opportunities & Strategic Insights, by Application

6.1Vehicle Tracking
6.2Asset Tracking
Chapter 7

Gps Tracking System Market Size, Opportunities & Strategic Insights, by Product Type

7.1Standalone Tracker
7.2OBD Device
7.3Advance Tracker
Chapter 8

Gps Tracking System Market Size, Opportunities & Strategic Insights, by Market Type

8.1B2B
8.2B2C
Chapter 9

Gps Tracking System Market, by Region

9.1North America Gps Tracking System Market Size, Opportunities, Key Trends & Strategic Insights
9.1.1U.S.
9.1.2Canada
9.2Europe Gps Tracking System Market Size, Opportunities, Key Trends & Strategic Insights
9.2.1Germany
9.2.2France
9.2.3UK
9.2.4Italy
9.2.5The Netherlands
9.2.6Rest of EU
9.3Asia Pacific Gps Tracking System Market Size, Opportunities, Key Trends & Strategic Insights
9.3.1China
9.3.2Japan
9.3.3South Korea
9.3.4India
9.3.5Australia
9.3.6Thailand
9.3.7Rest of APAC
9.4Middle East & Africa Gps Tracking System Market Size, Opportunities, Key Trends & Strategic Insights
9.4.1Saudi Arabia
9.4.2United Arab Emirates
9.4.3South Africa
9.4.4Rest of MEA
9.5Latin America Gps Tracking System Market Size, Opportunities, Key Trends & Strategic Insights
9.5.1Brazil
9.5.2Mexico
9.5.3Rest of LA
9.6CIS Gps Tracking System Market Size, Opportunities, Key Trends & Strategic Insights
9.6.1Russia
9.6.2Rest of CIS
Chapter 10

Competitive Landscape

10.1Competitive Dashboard & Market Share Analysis
10.2Company Profiles (Overview, Financials, Developments, SWOT)
10.2.1CalAmp Corp
10.2.2Orbcomm Inc
10.2.3Sierra Wireless Inc
10.2.4Geotab Inc
10.2.5TomTom International BV
10.2.6Trimble Inc
10.2.7Verizon Connect
10.2.8Omnitracs LLC
10.2.9Inseego Corp
10.2.10Trackimo LLC
10.2.11Queclink Wireless Solutions Co Ltd
10.2.12MiTAC Digital Technology Corporation