Global GPS Equipment Market Overview – Market Growth Analysis And Key Drivers

The GPS Equipment Global Market Report 2023, provides comprehensive information on the GPS equipment market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s GPS Equipment Global Market Report 2023, the market size will grow from $2.4 billion in 2022 to $2.54 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global GPS equipment is expected to grow to $3.12 billion in 2027 at a CAGR of 5.4%.

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The GPS equipment market is segmented:

1) By Product Type: Data loggers, Data pushers, Data pullers, Covert GPS Trackers

2) By End-Use Industry: Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Other End-Use Industries (Hospitality, Education, Retail, Agriculture, and Healthcare)

3) By Application: Road, Aviation, Marine, Location-based services, Surveying and Mapping, Other Applications

Asia-Pacific was the largest region in the GPS equipment market in 2022.

The table of contents in TBRC’s GPS equipment market report includes:

  1. Executive Summary
  2. GPS Equipment Market Characteristics
  3. GPS Equipment Market – Macro Economic Scenario
  4. GPS Equipment Market Size And Growth
  5. GPS Equipment Market Segmentation

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  1. Key Mergers And Acquisitions In The GPS Equipment Market
  2. GPS Equipment Market Trends And Strategies
  3. GPS Equipment Market Future Outlook and Potential Analysis
  4. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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