Kings Research today announced the release of its latest market intelligence study, “Global GPS Tracking Device Market: Size, Share, Trends & Forecast 2025–2032.” The report provides an in-depth analysis of market size, growth drivers, technological trends, regional outlook, and competitive dynamics.
According to Kings Research, the global GPS tracking device market was valued at USD 3,256.3 million in 2024 and is projected to reach USD 8,133.9 million by 2032, expanding at a CAGR of 12.34% during the forecast period. Market growth is being propelled by rising demand for real-time location monitoring, fleet management optimization, and advancements in miniaturized GPS solutions for healthcare, personal safety, and wildlife conservation.
GPS tracking devices utilize satellite-based positioning systems to determine and monitor real-time location data for vehicles, assets, and individuals. These devices play a critical role in transportation, logistics, public safety, and asset management by improving operational efficiency, reducing theft, and ensuring regulatory compliance.
Kings Research identifies the following drivers for the GPS tracking device market
- Miniaturization of Devices: Advancements in microelectronics and low-power chipsets are enabling smaller, lighter, and more efficient GPS devices without compromising accuracy.
- Fleet Management Demand: The growing need for efficiency, safety, and cost reduction in fleet operations is driving adoption. According to the American Trucking Associations (ATA), as of 2023, over 14 million single-unit and combination trucks are registered in the U.S., highlighting the critical role of GPS-enabled fleet management systems (Source: trucking.org).
- IoT and Cloud Integration: Integration with IoT, AI, and cloud platforms enhances real-time monitoring, predictive analytics, and remote asset management. According to the European Commission's Digital Decade 2024 report, as of 2023, 45% of EU businesses purchased cloud computing services, with 78% of large enterprises and 44% of SMEs adopting cloud solutions, thereby accelerating demand for connected GPS solutions across industries (Source: europa.eu).
- Regulatory Mandates for Safety: Governments are increasingly mandating GPS installation in commercial vehicles to improve road safety and transparency. In the U.S., the Federal Communications Commission (FCC) regulates GPS device compliance for spectrum safety, while the European Union enforces GDPR for personal data collected by GPS trackers.
B2B Leaders in transportation, logistics, government, and personal safety can benefit from GPS tracking devices through
- Operational Efficiency: Real-time tracking reduces fuel costs, improves routing, and ensures timely deliveries.
- Enhanced Security: Asset monitoring and theft prevention capabilities provide stronger control across supply chains.
- Regulatory Compliance: GPS trackers help organizations meet government-mandated safety, transparency, and data protection standards.
Regional Outlook
- North America:55% of the market in 2024 (USD 1,190.2 million) due to early adoption of telematics, strong regulations, and widespread fleet management needs.
- Europe: Held a significant share in 2024 due to GDPR, logistics growth and smart mobility adoption in Germany, France and UK.
- Asia Pacific: Projected as the fastest-growing region, with a CAGR of 14.70% during the forecast period, driven by e-commerce growth, logistics digitization, and government initiatives for road safety in India, China, and Japan.
Competitive Landscape
The GPS tracking device market is moderately fragmented, with companies focusing on R&D, strategic partnerships, and IoT integration. Leading players include CalAmp Corp., ORBCOMM, Semtech, Shenzhen Jimi IoT Co., Ltd, Queclink Wireless Solutions Co., Ltd., and TomTom International BV.
The full Kings Research report offers detailed segmentation by device type, technology, application, and region, along with competitive benchmarking and industry forecasts. To request a sample report or access the complete study, visit https://www.kingsresearch.com/gps-tracking-device-market-2583.
About Kings Research
Kings Research is a global provider of syndicated research reports and consulting services, enabling organizations to navigate emerging markets, assess opportunities, and make informed strategic decisions.
All market data are sourced from Kings Research proprietary analysis, validated against credible sources and industry publications. Key references include the U.S. Department of Transportation (www.transportation.gov), the European Commission (digital-strategy.ec.europa.eu), and the U.S. Federal Communications Commission (www.fcc.gov).