| Product Code: ETC5605796 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Armenia GPS tracking device market saw a significant increase in imports from 2020 to 2024, with a Compound Annual Growth Rate (CAGR) of 36.01%. Despite a year-on-year growth rate of -33.09% in 2023-2024, the overall trend remained positive, indicating a growing demand for GPS tracking devices in Armenia during this period.
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia GPS Tracking Device Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia GPS Tracking Device Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia GPS Tracking Device Market - Industry Life Cycle |
3.4 Armenia GPS Tracking Device Market - Porter's Five Forces |
3.5 Armenia GPS Tracking Device Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Armenia GPS Tracking Device Market Revenues & Volume Share, By Deployment Type, 2022 & 2032F |
3.7 Armenia GPS Tracking Device Market Revenues & Volume Share, By Industry , 2022 & 2032F |
3.8 Armenia GPS Tracking Device Market Revenues & Volume Share, By , 2022 & 2032F |
4 Armenia GPS Tracking Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fleet management solutions |
4.2.2 Growing focus on improving transportation efficiency and safety |
4.2.3 Rising adoption of GPS technology in various industries |
4.3 Market Restraints |
4.3.1 Concerns regarding data privacy and security |
4.3.2 High initial investment and maintenance costs |
4.3.3 Limited awareness and understanding of GPS tracking devices among potential users |
5 Armenia GPS Tracking Device Market Trends |
6 Armenia GPS Tracking Device Market Segmentations |
6.1 Armenia GPS Tracking Device Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia GPS Tracking Device Market Revenues & Volume, By Standalone Trackers, 2022-2032F |
6.1.3 Armenia GPS Tracking Device Market Revenues & Volume, By OBD Devices, 2022-2032F |
6.1.4 Armenia GPS Tracking Device Market Revenues & Volume, By Advance Trackers, 2022-2032F |
6.2 Armenia GPS Tracking Device Market, By Deployment Type |
6.2.1 Overview and Analysis |
6.2.2 Armenia GPS Tracking Device Market Revenues & Volume, By Commercial Vehicle, 2022-2032F |
6.2.3 Armenia GPS Tracking Device Market Revenues & Volume, By Cargo & Container, 2022-2032F |
6.3 Armenia GPS Tracking Device Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Armenia GPS Tracking Device Market Revenues & Volume, By Transportation & Logistics, 2022-2032F |
6.3.3 Armenia GPS Tracking Device Market Revenues & Volume, By Construction, 2022-2032F |
6.3.4 Armenia GPS Tracking Device Market Revenues & Volume, By Government, 2022-2032F |
6.3.5 Armenia GPS Tracking Device Market Revenues & Volume, By Oil & Gas, 2022-2032F |
6.3.6 Armenia GPS Tracking Device Market Revenues & Volume, By Metals & Mining, 2022-2032F |
6.3.7 Armenia GPS Tracking Device Market Revenues & Volume, By Others, 2022-2032F |
6.4 Armenia GPS Tracking Device Market, By |
6.4.1 Overview and Analysis |
7 Armenia GPS Tracking Device Market Import-Export Trade Statistics |
7.1 Armenia GPS Tracking Device Market Export to Major Countries |
7.2 Armenia GPS Tracking Device Market Imports from Major Countries |
8 Armenia GPS Tracking Device Market Key Performance Indicators |
8.1 Average cost per installation |
8.2 Number of new partnerships or collaborations with fleet management companies |
8.3 Percentage increase in the adoption rate of GPS tracking devices across different sectors |
9 Armenia GPS Tracking Device Market - Opportunity Assessment |
9.1 Armenia GPS Tracking Device Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Armenia GPS Tracking Device Market Opportunity Assessment, By Deployment Type, 2022 & 2032F |
9.3 Armenia GPS Tracking Device Market Opportunity Assessment, By Industry , 2022 & 2032F |
9.4 Armenia GPS Tracking Device Market Opportunity Assessment, By , 2022 & 2032F |
10 Armenia GPS Tracking Device Market - Competitive Landscape |
10.1 Armenia GPS Tracking Device Market Revenue Share, By Companies, 2025 |
10.2 Armenia GPS Tracking Device Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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