million and it has grown to 4.78 million in 2017. According to a press release of Autocar pro, a
leading semiconductor manufacturing company, in January 2018, the Ministry of Road
Transport and Highways (MoRTH) had mandated the installation of GPS tracking devices and
panic button to all the passengers transport vehicles, which further helps in improving safety of
individuals who utilise passenger transport vehicles. Therefore, stringent government norms
will inadvertently increase the installation of GPS tracker in the vehicles, which in turn is driving
growth of the market in this particular region.
Global GPS Tracker Market: Competitive Landscape
Major player operating in the global tracker GPS market include Orbcomm Inc., Laird PLC.,
Teltonika UAB, Geotab Inc., Sierra Wireless, Inc., Queclink Wireless Solutions Co., Ltd, Tomtom
International Bv, Rilapp Technology Inc., Calamp Corporation, and Shenzhen Concox
Information Technology Co.
The key players of the market are adopting new product development strategy in order to gain
competitive edge in the market. For instance, in November 2016, the Rilapp Technologies
launched the R-locator GPS tracking devices. The facilities included in system are real time
tracking, ignition detection, engine cut-off, distance calculation, speed monitoring, movement
monitoring, in build battery backup for electricity failure, in build memory for historical data
upload under different circumstances, and others.