The #GPS tracking device market is projected to grow from USD 3.1 billion in 2023 to USD 5.7 billion in 2028; it is expected to grow at a CAGR of 13.1% from 2023 to 2028. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142 The growth of the market is attributed introduction of more advanced with smaller sizes, greater durability, and functionality. With recent technological advancements, it is possible to develop thumbnail-sized mid-and high-level precision gps receiver and tiny batteries, which make GPS tracking devices a long-lasting application. Europe is expected to register largest market share in 2023. Europe, being an automotive hub, is one of the prominent markets for GPS tracking devices. All major European truck manufacturers such as AB Volvo (Sweden), Daimler AG (Germany), MAN SE (Germany), DAF Trucks NV (Netherlands), and IVECO S.p.A (Italy) offer integrated GPS tracking devices as a part of their product portfolio. ERA-GLONASS is an important development for GPS tracking devices in the European market. Teltonika UAB (Lithuania), Ruptela UAB (Lithuania), and Baltic Car Equipment Ltd. (Lithuania) are the GPS tracking device manufacturers in Europe. Key players operating in the market include CalAmp Corp. (US), Orbcomm Inc. (US), Sierra Wireless, Inc. (Canada), Shenzhen Concox Information Technology Co., Ltd. (China), Queclink Wireless Solutions Co., Ltd. (China), TomTom International BV (Netherlands), Teltonika UAB (Lithuania), ATrack Technology Inc. (Taiwan), Ruptela (Lithuania), and Sensata Technologies, Inc. (US). https://www.prnewswire.com/news-releases/gps-tracking-device-market-worth-5-7-billion-in-2028---exclusive-report-by-marketsandmarkets-301779588.html