Global GPS Tracking Device Market Share to Reach USD 7.34 Billion by 2030, Driven by Fleet Management and Vehicle Security
Global GPS Tracking Device Market Projected to Reach USD 7.34 Billion by 2030 The Global GPS Tracking Device Market Share is experiencing significant growth, with projections indicating an increase from USD 3.1 billion in 2023 to approximately USD 7.34 billion by 2030, representing a compound annual growth rate (CAGR) of 13.1%. This expansion is driven by the increasing demand for fleet management solutions, rising concerns about vehicle theft, and the growing adoption of location-based services across various industries. Get Sample Copy of this Report at: https://www.maximizemarketresearch.com/request-sample/55483/ Market Definition and Scope A GPS tracking device utilizes the Global Positioning System (GPS) to determine and record the precise location of an object, vehicle, or person in real-time or at regular intervals. These devices typically consist of a GPS receiver that receives signals from satellites orbiting the Earth and a communication m...