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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27. Key Mergers And Acquisitions In The GPS Equipment Market
28. GPS Equipment Market Trends And Strategies
29. GPS Equipment Market Future Outlook and Potential Analysis
30. Appendix

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