GPS Trackers: Fastest Growing Segment Fueling the Growth of the Global GPS Tracker Market
The global GPS Tracker Market is estimated to be valued at US$ 3.1 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: GPS trackers are devices that utilize Global Positioning System (GPS) technology to track the real-time geographical location of assets or persons. GPS trackers are easy to install, offer various advantages like real-time tracking and location alerts, which make them ideal for fleet management, asset tracking, and personal safety. Market key trends: One of the key trends in the GPS tracker market size is the emergence of miniaturized GPS trackers. With advances in GPS chipset technology, GPS trackers are becoming smaller in size without compromising on functionality. Miniaturized trackers enable inconspicuous tracking of smaller personal items like cars, bikes, valuables, pets, etc. Their small form factor allows for discreet installation...