Market.us announces publication of its most recently generated research report titled, “India GPS Tracking Devices Market by Product Type (standalone tracker, OBD device, advance tracker, and other product types), By Application (track vehicles, track asset, and other applications) Forecast to 2029”, which offers a holistic view of the India GPS tracking devices market through systematic segmentation that covers every aspect of the target market.

The India GPS tracking devices market is projected to be US$ 84.7 Mn in 2018 to reach US$ 348.6 Mn by 2029 at a CAGR of 14.1%.

GPS tracking device is generally used to track the movement of vehicles, people, or assets and are used to track and determine the current location. It can be used to obtain exact location-based data and information about a vehicle, an adult, a child, or even other types of products. The location of a moving person or moving vehicle is stored in GPS and transmitted to others through an internet connection. GPS tracking unit uses the Global Positioning System (GPS) to track vehicles or persons. The overall location regarding information is transmitted by GPS device to others using radio, cellular (SMS or GPRS), or modern satellite modem embedded in the device. The collected data is viewed on maps through the internet. GPS module is carried out by a GPS tracking device to receive the GPS signal. These devices are available at low cost and are easy to install. GPS tracking units are used in various fields such as transportation and logistics, metal and mining industry, government, food & beverages, and several other end-use industries.

GPS tracking device is fitted inside the vehicle or car in such a way that it is not visible, thus providing the exact real-time location of the vehicle or asset. A global positioning system tracking device is used as a measure for theft prevention and recovery of stolen vehicles. The vehicle and person tracking system is one of the most significant technological progress for security purposes. It enables the vehicle owners to virtually keep an eye on cars or vehicles at any time and from anywhere in the globe. GPS tracking devices are smaller in size and have a longer life. They are available in many varieties, as well as at low cost. These are some of the other factors expected to bolster the target market growth.

India GPS Tracking Devices Market Revenue (US$ Mn), 2019–2029 

Rapidly increasing transportation and logistics fields in India is expected to drive the target market growth. Robust growth of the e-commerce sector and increasing trade activities to and from India result in a heightened flow of goods. Logistics companies have a significant load when it comes to handling goods, and GPS tracking devices make it extremely easy to track the designated vehicle. Apart from fleet management, GPS tracking devices are also helpful in determining fuel consumption, vehicle performance, driver performance, route planning, dispatching, and, most importantly theft prevention.

India GPS Tracking Devices Market is segmented based on product type and application. Based on product type market is segmented into Standalone Tracker, OBD Device, Advance Tracker, and Other product types. The OBD Device segment accounts for the majority share in the market. Based on the application market is segmented into Track Vehicles, Track Assets, and Other Applications. The Track Vehicles segment accounts for the majority share in the market.

India GPS Tracking Devices Market Share by Product Type, 2019

The research report on the India GPS Tracking Devices Market includes profiles of some of the major companies such as Garmin Ltd., Teltonika, Propress Instrumentation & Solutions Private Limited, Danlaw Technologies India Ltd., Hastaka, SenSight Technologies Private Limited, Autocop India Pvt. Ltd., Galvanic Infotech Pvt. Ltd., Shenzhen Dytech Technology Co., Ltd. (Dyegoo), Shenzhen Coban Electronics co., Ltd., Navi Technologies (Lamrod), and Trakbond.

Key Market Segments

Type

• Free Radical Photoinitiator
• Cationic Photoinitiator

Application

• Paints
• Inks
• Adhesives

Key Market Players included in the report:

• Garmin Ltd.
• Teltonika
• Propress Instrumentation & Solutions Private Limited
• Danlaw Technologies India Ltd.
• Hastaka
• SenSight Technologies Private Limited
• Autocop India Pvt. Ltd.
• Galvanic Infotech Pvt. Ltd.
• Shenzhen Dytech Technology Co.Ltd. (Dyegoo)
• Shenzhen Coban Electronics co.Ltd.
• Navi Technologies (Lamrod)
• Trakbond