The gps tracker market - France

The global GPS tracker market has been on an upward trend, with expectations of substantial growth from $2.192 billion in 2021 to over $6 billion by 2030, representing a CAGR of 12.6% for 2022-2030. The French market, accounting for 13.5% of the European car fleet, has been estimated at roughly $69.5 million in 2021, with projections reaching around $202 million by 2030. The market encompasses various types of GPS trackers, including nomadic, real-time, and "blind" options, with advancements in miniaturization, battery life, and robustness.

Demand in France is driven by a considerable volume of passenger cars and light commercial vehicles within corporate fleets, and the resilience of used vehicle sales despite a drop in new vehicle registrations from 2019 to 2020. Corporate car fleets, which have seen a steady rise in the number of vehicles managed, are increasingly adopting telematics for various purposes such as cost reduction and improving safety. Key global market players include Tomtom International, Sierra Wireless Inc., Atrack Technology Inc., and Concox Information Technology Co. Ltd., while regulations enforce the informed and legitimate use of GPS data for optimizing efficiencies and ensuring safety.

Dynamics and Prospects of the French GPS Tracker Market

The French GPS tracker market is characterized by steady growth, influenced by various factors including the size and composition of the vehicle fleet, technological advancements, and evolving corporate needs. The French car fleet offers a substantial base for demand, consisting of approximately 38.3 million passenger cars, between 5 and 6 million light commercial vehicles, roughly 600,000 heavy goods vehicles, and close to 100,000 buses and coaches. This diverse array of vehicles presents significant opportunities for GPS tracker applications across different sectors.

The used car market in France shows a strong preference for pre-owned vehicles, with registrations reaching over 5 million in recent years, indicating a resilient market with potential demand for GPS tracker installation to secure and manage these vehicles efficiently. Looking at the corporate sector, the French market is important for fleet management players, with an expansive fleet managed by leasing companies, encompassing nearly 2 million vehicles.

The demand for fleet management and GPS tracking technologies is driven by long-term leasing trends and the need for efficient fleet operations. Furthermore, the motorcycle market adds another layer to the GPS tracker demand. With a stable number of motorized two-wheelers at around 2.7 million, and households owning both cars and motorized two-wheelers, there is an evident interest in tracking and securing such vehicles. Corporate car fleets present a substantial segment with growth potential.

Most French companies possess fleets consisting primarily of 1 to 9 vehicles, with an average vehicle ownership period of 5 years. A significant proportion of companies predict growth or stability in their fleets over the next three years.

Additionally, telematics is increasingly being utilized, with 40% of companies in France using connected vehicle technologies. These technologies are employed not only for cost reduction but also for safety, operational efficiency, and environmental considerations. Overall, the French GPS tracker market shows a promising trend, with a well-established vehicle fleet, a preference for second-hand vehicles, an expanding corporate fleet, and an inclination towards connected vehicle technology.

The growth trajectory is set to maintain, positioning GPS trackers as an integral part of the technological evolution in the transportation sector in France.

Key Market Players in the GPS Tracker Industry

The competitive landscape of the GPS tracker market is defined by a mix of multinational corporations and specialized niche entities. Taking a closer look at the prominent companies mentioned in the discussions above, we can identify industry leaders who are shaping the trajectory of GPS tracking technology globally and in France.

• TomTom International BV based in the Netherlands, is a well-known player in the market, recognized for its navigation and mapping products. TomTom stands out for its innovative approach in offering advanced GPS tracking solutions to consumers and businesses, ensuring efficient vehicle management and navigation.
• Sierra Wireless Inc., hailing from Canada, is another titan in this sector. It has carved out a reputation for integrating cutting-edge wireless technologies that empower businesses to stay connected with their assets and fleets through reliable tracking devices.
• Atrack Technology Inc., from Taiwan, is a key contributor to the GPS tracking market, supplying robust tracking devices. Atrack emphasizes on delivering products that cater to a variety of tracking needs, including fleet management, asset monitoring, and personal tracking.
• Concox Information Technology Co. Ltd., from China, solidifies the market with its wide range of affordable and dependable GPS tracking products. Known for its versatility, Concox offers solutions for vehicle tracking, personal safety, and asset security.
• Shifting focus to specialized companies in France, several have made their mark in the GPS tracker sphere. For instance, Geos Technology is noted for its tailored solutions that meet the unique demands of customers, catering to the need for precision tracking.
• Section 4, with its competencies in GPS tracking, is yet another contributor providing innovative tracking solutions that are appreciated by their users for reliability and ease of use.
• SMT Performances is a strong contender in the communications equipment manufacturing sector, branching out into the GPS tracker market with products that aim to boost vehicle performance and security.
• Cube Track emerges as a significant wholesaler in the industry, offering a range of GPS tracking products designed to suit various monitoring requirements, establishing itself as a go-to source for tracking technology.
• Teltonika, although without a dedicated entity in France, is a global powerhouse with an expansive selection of products catering to telematics and GPS tracking. Their impressive growth and widespread presence across the globe highlight the brand's compelling value proposition in the marketplace.

This glimpse of the main participants in the GPS market underscores a rich and diverse industry, populated by companies that are committed to advancing GPS technology and providing state-of-the-art tracking solutions to meet

Inforamtion

• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 08/12/2022

Summary and extracts

List of charts

• French imports of radiodetection and radiosonde equipment, radionavigation equipment and radio remote control equipment
• Main countries exporting radio detection and sounding equipment, radionavigation equipment and radio remote control equipment to France
• French exports of radiodetection and radiosonde [radar] equipment, radionavigation equipment and radio remote control equipment
• Destination of French exports of radiodetection and radiosonde equipment, radionavigation equipment and radio remote control equipment
• Trends in France's balance of trade in radiodetection and radiosonde equipment, radionavigation equipment and radio remote control equipment
• Growth in new and used passenger car registrations
• New and used truck and van registrations
• New and used bus and coach registrations
• New registrations of mopeds and motorcycles
• Fleet management
• Sales trends in the global GPS tracker market
• Change in the number of employees in the data processing, hosting and related activities sector
• Number of companies in the data processing, hosting and related activities sector
• Top 5 European countries with the largest passenger car fleet
• Estimated size of the French GPS tracker market
• Proportion of companies with at least one passenger car or light commercial vehicle
• Number of vehicles in the fleet
• Fleet growth potential: over the next three years, do you think the number of vehicles in your company's fleet will increase, decrease or remain the same?
• Proportion of companies that should increase their fleet, by company size
• Proportion of companies using connected vehicles (answer to the question: Is your fleet connected via telematics tools?)
• Proportion of companies using connected vehicles by company size (response to the question: Is your fleet connected via telematics tools?)
• Reasons for using connected vehicles (answer to the question: What are the two main reasons why your fleet is connected using telematics tools?)
• Implementation of a process to monitor conduct deviations
• Types of drift managed