The role of GPS tracker in end-user segment of the global GPS tracker market.

The global GPS tracker market is expected to grow at a CAGR of 10.16% during the forecast period. Based on end-user, the global GPS tracker market has been segmented into logistics and transportation, construction and mining, government, and oil and gas.

Companies are opting for fleet management solutions to achieve supply chain optimization. Integrating GPS trackers that can record data to be accessed and analyzed through fleet management software in trucks, trailers, or containers is one of the major steps in implementing a fleet management system. With the growing demand for fleet management in logistics, the demand for GPS trackers is expected to increase during the forecast period.

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The adoption of GPS trackers is also increasing in the transportation segment. GPS trackers are integrated into vehicles, which can be tracked by customers through a web platform. The demand for these services is growing rapidly as they provide ease of access to customers. As a result, the market is witnessing an increase in investments in these services. The growing investments in ride-hailing services and delivery services will result in a large number of vehicles being used, which will significantly increase the demand and drive the growth of the global GPS tracker market during the forecast period.