Global Wireless Car GPS Trackers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Wireless Car GPS Trackers market:
The latest research study on the global Wireless Car GPS Trackers market finds that the global Wireless Car GPS Trackers market reached a value of USD 721.76 million in 2022. It’s expected that the market will achieve USD 1757.28 million by 2028, exhibiting a CAGR of 15.99% during the forecast period.

Car GPS Trackers is a kind of equipment used to remotely monitor the position of cars. The device sends the data to the GPS satellite, which then forwards the information to the application or phone number connected by the device owner. The report mainly studies the global Wireless Car GPS Trackers market.

Market Challenges
Product homogenization means that in the same industry, products of different brands are similar in function, appearance, production process and transmission content. Since the e-commerce channel was opened, most Wireless Car GPS Trackers manufacturers tend to reduce the production cost by imitation in order to pursue higher market share. Imitation production leads to serious homogenization of products in Wireless Car GPS Trackers industry, and the phenomenon that bad money drives out good money is obvious: the similarity in appearance is extremely high; In terms of performance, most Wireless Car GPS Trackers products pursue the characteristics of accurate positioning, high speed, stable performance and real-time positioning. Some small and medium-sized enterprises have weak awareness of intellectual property protection, and a large number of infringements will disrupt the market order, which is not conducive to the sound development of the industry.
With the development of internet and the rise of e-commerce, the product price, product category and product function of Wireless Car GPS Trackers tend to be transparent. Before buying Wireless Car GPS Trackers, consumers can obtain a large amount of information through network channels, and their autonomy is gradually enhanced. The homogenization of Wireless Car GPS Trackers products is serious, and the price becomes an important measure when consumers choose products. Based on the above reasons, low-price competition has gradually become an important means for Wireless Car GPS Trackers to compete for market share. The phenomenon of low-price competition forces more enterprises to be involved in price wars, and in this process, small and medium-sized enterprises with weak financial strength are more likely to be eliminated by the market. In order to stabilize the market foundation and maintain the profit level of enterprises, Wireless Car GPS Trackers enterprises usually take the following measures: small profits but quick turnover: directly reduce the price of goods to improve the price advantage of products, and then drive the sales of products to increase, relying on product sales to ensure the profits of enterprises; Reduce labor costs: hire cheap labor and extend labor hours to reduce labor costs; Reducing production costs: including reducing raw material costs and production procedures. Reducing raw material costs can be achieved by reducing raw material quality, and reducing production procedures can be achieved by reducing product functions. All of the above methods have drawbacks, because small profits but quick turnover can easily lead to a vicious circle, which requires the financial strength and production capacity of enterprises. At present, labor costs tend to rise, and reducing labor costs in enterprises will affect the stability of employees. Reducing the cost of raw materials will directly lead to the decline of product quality, which is not conducive to the accumulation of product reputation. Therefore, low-price competition has a high degree of damage to enterprises in terms of capital, labor and word of mouth, which is not conducive to the long-term development of enterprises, and then affects the healthy and orderly development of the industry.

Region Overview:
From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:
The top three companies are Concox Information Technology, Queclink, Teltonika with the revenue market share of 2.26%, 2.20%, 1.92% in 2020.

Concox™ Information Technology Co., Ltd., incorporated for over 15 years, has become a leading designer and manufacturer of telematics and wireless communications products, dedicates to bringing reliable products and customized solutions to clients across the world.

Queclink is a leading supplier of wireless machine-to-machine (M2M) devices and solutions. Queclink brings together an experienced team from both the wireless module industry and service operator side, for a complete understanding of the M2M business. company offer ready-made products for automotive tracking, fleet management, tracking & tracing, lone worker safety, mobile health care, remote monitoring and control of any assets, and wireless alarms to cover most popular applications via the Internet. Owing to the dedicated engineers who have extensive experience with 2G & 3G, GPS, Bluetooth, WiFi, RFID& NFC and other wireless connectivity, and the international customer support team, we ensure that the products are integrated in a smooth and timely manner for your business.

Segmentation Overview:
Among different product types, Commercial Vehicle segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Asset Management segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Wireless Car GPS Trackers market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Wireless Car GPS Trackers market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Wireless Car GPS Trackers and its sub-markets in an intuitive way.

Key Companies in the global Wireless Car GPS Trackers market covered in Chapter 3:
VJOY CAR ELECTRONICS LIMITED
Trackimo
TKSTAR
ARKNAV
Concox Information Technology
AUTOPMALL
Queclink
Meitrack
Teltonika
Shenzhen Coban Electronics

In Chapter 4 and Chapter 14.2, on the basis of types, the Wireless Car GPS Trackers market from 2018 to 2029 is primarily split into:
Commercial Vehicle
Passenger Car

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Wireless Car GPS Trackers market from 2018 to 2029 covers:
Fleet Management
Asset Management

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Wireless Car GPS Trackers market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions