Outlook on the GPS Tracking Device Global Market to 2027 wingsenvironmental.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wingsenvironmental.com Daily Mail and Mail on Sunday newspapers.
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The GPS tracker market is expected to grow by USD 568.09 million, progressing at a CAGR of almost 7% during the forecast period. The market is fragmented due to the presence of several players. The rising demand for automobiles is forcing automakers to invest in setting up new manufacturing plants. Besides, the rising number of road accidents has led to the introduction of stricter regulations that mandate vehicles to be equipped with eCall systems that transmit the exact geographic location of the accident. Many such factors are expected to drive the demand for GPS trackers during the forecast period.
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