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2.8 Bn in 2022. It's projected to broaden at a CAGR of 11.9% from 2023 to 2031. Increase in adoption of fleet and asset-monitoring solutions for business and passenger automobiles and accuracy of know-how in search and rescue operations are fueling the GPS tracking device market. GPS trackers are used in challenging conditions, corresponding to vehicle breakdowns, crime related to fleet, or unauthorized stops. Initiatives of manufacturers in the development of superior and portable GPS trackers is fueling market growth. Furthermore, iTagPro tracker manufacturers are growing GPS trackers with dash cameras that present comprehensive tracking with real-time video capability. GPS monitoring is an advanced technology that makes use of satellite tv for pc indicators to find out the true-time correct location of a car or an asset. GPS tracking units are utilized by automobile owners and fleet managers to optimize routing, offer improved customer service, and enhance cargo safety. Small to giant-scale firms are increasingly deploying GPS know-how to handle an expanding fleet of autos. Increase in Adoption of GPS Trackers for Commercial and Passenger Fleet Tracking - GPS tracking know-how provides actual-time location information, which is crucial for fleet administration.

This capability is beneficial, because it enables companies and organizations to optimize their operations and attain the next ROI. Adoption of fleet monitoring solutions offers several advantages, together with increased productivity, improved ROI, theft restoration, and improved safety for both staff and property. Furthermore, fleet monitoring solutions allow optimizing car utilization, which can result in reduction in fleet size. This results in important price savings on operation, maintenance, and alternative expenses. Rise in Rescue and Search Operations to Fuel Market Growth - Search and rescue operations play a essential role in conditions involving potential threat to human lives. GPS tracking technology is employed to assist in these operations, which permits rescue teams to observe their search areas and obtain data from lost smartphones or GPS devices of individuals. GPS trackers utilized in search and rescue provide several important features, including tracking rescue teams, locating lacking individuals, surveying hazardous areas, tracking vehicles and tools used in search and rescue mission, and assuring situational awareness all through the rescue operation.

Increase in Demand for Standalone Trackers Boosting Market Revenue - Based on kind, the standalone trackers phase is anticipated to account for significant share of the worldwide market in the course of the forecast period. Standalone GPS units are available in both wired and wireless variants, which provide actual-time tracking and monitoring capabilities. Wired standalone devices are tamper-proof, enabling them to stay affixed, and thus making them a most popular choice of businesses searching for full fleet management. Standalone GPS gadgets are strong, making them appropriate for heavy-obligation vehicles that function in harsh weather circumstances. Europe is anticipated to account for a number one share of the global market throughout the forecast interval. Europe accounted for practically 34.0% of market share in 2022 due to extend in adoption of GPS tracking devices for safety and useful resource administration in the region. The market in North America is anticipated to expand in the course of the forecast period, owing to the substantial adoption of GPS trackers in commercial vehicles within the region.

Based on knowledge of the American Trucking Association, trucks play a key function within the U.S. 72.6% of the country’s freight by weight. This fuels demand for GPS trackers for ItagPro secure motion of freight within the country, and consequently boosts market statistics in the region. The worldwide landscape is consolidated, with the presence of a few large distributors that management majority of the market share. Large companies are investing significantly on new product improvement. Expansion of product portfolios and M&As are key strategies adopted by leading gamers. Prominent players within the GPS tracking device market embody Geotab Inc., Navtelecom LLC. CalAmp Corp., Shenzhen Eelink Communication Technology Co. Ltd., and GPS Insight. Transparency Market Research, a world market research company registered at Wilmington, Delaware, United States, gives custom research and consulting providers. Our unique blend of quantitative forecasting and tendencies analysis offers forward-trying insights for hundreds of choice makers. Our experienced crew of Analysts, Researchers, and Consultants use proprietary knowledge sources and numerous instruments & techniques to gather and analyses data. Our knowledge repository is continuously updated and revised by a group of research consultants, in order that it at all times displays the newest traits and knowledge. With a broad research and analysis capability, Transparency Market Research employs rigorous major and secondary analysis techniques in growing distinctive information sets and analysis materials for business experiences.

After my mother passed away, my dad lived alone for iTagPro technology a year in a lovely dwelling however near a busy street. He loved strolling in the neighborhood for train and puttering around in the yard however I anxious as a result of the home hid most of the yard, ItagPro so if Dad fell, nobody would know he was out there. Also, he was starting to indicate signs of very mild dementia and that gave me some critical concern. So, I began my search for a private tracking device for the elderly. You may think about that I was fairly excited after i heard about a smart shoe that would track individuals via a GPS system. A GPS shoe for seniors has a GPS system / iTagPro tracker contained in the insoles that match into a pair of footwear. They're nice for seniors who have Alzheimer’s disease or other cognitive disorders. Because they can’t be seen, the individual enjoys their independence and doesn’t really feel like they're being watched, but members of the family know the place they are.