The accuracy of GPS devices in determining the position of mobile objects is the primary driver of demand for these devices. Furthermore, the installation of these devices is not prohibitively expensive, which adds to their popularity. Because of the low cost, small and medium-sized businesses can easily deploy these systems and improve their efficiency. As a result, the market's consumer base has grown over time. The transportation industry is a major consumer of these products; business buses, trucks, freights, and cars are all outfitted with GPS tracking systems. Another important factor driving up demand is the installation of these devices in public transportation systems. Governments want to improve the utility of public services, so these systems are being developed at a rapid pace.
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Source:
https://www.coherentmarketinsights.com/ongoing-insight/gps-tracker-market-2093
