Originally published by Hengzhou Bozhi QYResearch 2022-10-09 16:47 in GuangdongIncluded in collection#Industry Research Report154#GPS LocatorA GPS locator is a terminal with a built-in GPS module and ...

Originally published by Hengzhou Bozhi QYResearch 2022-10-09 16:47 in Guangdong

Included in collection

#Industry Research Report

154

#GPS Locator

A GPS locator is a terminal with a built-in GPS module and a mobile communication module, which is used to transmit the positioning data obtained by the GPS module to a server on the Internet through a mobile communication module (GSM/GPRS network), so that it can be realized on a computer or a mobile phone. Query the location of the terminal.

There are many applications of the GPS satellite positioning system. Although it was originally developed for military purposes, it was gradually applied to daily life. Such as personnel positioning, vehicle positioning. Now battery cars, motorcycles, etc. can use the GPS satellite positioning system. In the application field of GPS satellite positioning system, the most widely used one is still the automobile industry.

01

Current Status Analysis of GPS Locator Industry

[Wide downstream application] At first, GPS positioning was mainly used for military purposes, but now with the continuous development and progress of GPS positioning technology, GPS positioning system has been widely used in our country, and gradually applied to daily life, such as personnel positioning, automobile Positioning, logistics and transportation, animal management, etc.

[Market size grows steadily] GPS tracker is a device that uses GPS positioning technology for positioning work. As more and more people understand its performance, it is applied in various scenarios. After years of development, my country's GPS locator has a relatively complete industrial chain. With the adjustment of the industrial structure, the overall operation of my country's GPS locator industry has grown steadily.

02

  Development trend of GPS locator

[Continuous innovation] With the development of China's national economy and the improvement of manufacturing level, customers pay more and more attention to the quality, after-sales service and brand influence of GPS tracker products. In order to survive in the fiercely competitive market, suppliers should develop New ideas and technologies make products more high-end and intelligent, improve the level of informatization and integrated applications, and enable the development of smart manufacturing-related technologies in the field.

【Intensified competition】As the GPS locator industry is not highly concentrated, competition among suppliers will intensify during the forecast period. Vendors will compete on the basis of pricing, user-friendly interface, value-added benefits, and service mix to provide a competitive advantage in the market. During the forecast period, we expect this competition to intensify with increasing product expansion.

03

Overall Analysis of Global GPS Locator Market Size

In 2021, the global GPS tracker market sales will reach 809.32 billion yuan, and it is expected to reach 1,961.87 billion yuan in 2028, with a compound annual growth rate (CAGR) of 11.70%% (2022-2028). From a regional perspective, the Chinese market has changed rapidly in the past few years. The market size in 2021 will be 1,446.5 million yuan, accounting for about 17.87% of the global market. It is expected to reach 5,702.6 million yuan in 2028, when the global share will reach 29.07%. .

In terms of consumption, North America is currently the largest consumer market in the world, accounting for 32.57% of the market in 2021, followed by Europe and China, accounting for 31.59% and 17.87% respectively. It is expected that in the next few years, China will grow the fastest, with a CAGR of approximately 19.73% during 2022-2028.

From the perspective of production, China and Europe are two important production regions, which will occupy 66.03% and 17.01% of the market share respectively in 2021. It is expected that the European region will maintain the fastest growth rate in the next few years, and its share is expected to reach 16.80% in 2028. %.

From the perspective of product types, advanced locators occupy an important position, and the share is expected to reach 62.52% in 2028. At the same time, in terms of application, the share of automobiles in 2021 will be about 42.60%, and the CAGR will be about 8.61% in the next few years.