Market Forecast By Type (Standalone Trackers, OBD Devices, Advance Trackers), By Deployment Type (Commercial Vehicle, Cargo & Container), By Industry (Transportation & Logistics, Construction, Government, Oil & Gas, Metals & Mining, Others), By And Competitive Landscape
Product Code: ETC4458609 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Chile GPS tracking device market has experienced notable growth in recent years, attributed to the expanding mining, logistics, and supply chain sectors. For instance, online retail sales have surged significantly, reaching 11.97 USD in 2021 as compared to the previous year's 9.4 billion USD this growth has notably bolstered the growth of the logistics and supply chain sector. Furthermore, in 2021, the mining sector alone contributed 14.6% to the country's GDP. Chile accounts for 26% of the world's copper demand and 22% of the lithium demand, highlighting its substantial role in global resource supply. The expansion of the supply chain and mining sector in Chile would propel the growth in the forecasted period. These systems offer a suite of features that enhance operational efficiency and optimize resource utilization, including real-time location tracking. This capability enables fleet managers to monitor the exact whereabouts of each vehicle, container, and shipment in the fleet.
According to 6Wresearch, Chile GPS Tracking Device Market size is projected to grow at a CAGR of 7.7% during 2023–2029. The market is expected to witness significant growth in the coming years owing to the increasing demand for fleet management solutions and the rising E-Commerce sector coupled with the Chilean government's 2022 exploration budget reaching 713 million, the mining sector's growth is anticipated, to drive increased demand for GPS tracking devices as these devices optimize fleet operations, enhance safety, and ensure operational excellence in mining activities. These factors are driving the Chile GPS Tracking Device Market Growth. Moreover, the inauguration of a 15,000 square meter Fulfilment Center in Pudahuel, Santiago de Chile, with an annual capacity of 10 million units along with the government plan to incentivize logistic sector investments through a $500 million tax credit, is poised to significantly elevate the demand for GPS tracking devices in the coming years.
“OBD devices claimed the highest market revenue and volume share in 2022 as they plug directly into a vehicle's On-Board Diagnostics (OBD) port, that offer a seamless and non-intrusive solution for real-time tracking and monitoring. With the ongoing growth in demand for GPS tracking devices, OBD devices are poised to sustain their leading market position.”
The sale of commercial vehicles in Chile surged by 44.44% from 2020 to 2022, indicating a growing demand in the transportation and logistics sector. This trend is expected to persist, driving the need for efficient fleet management solutions, with GPS tracking playing a pivotal role in monitoring and optimizing expanding fleets.
In 2022, The transportation sector has secured the highest revenue share in GPS Tracking Device Market in Chile owing to the escalating traffic challenges faced by major urban centers like Santiago which increases the need for efficient fleet management as it has become paramount in optimizing logistics operations, ensuring timely deliveries, and overcoming the complexities of urban traffic.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of the Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Chile GPS Tracking Device Market Overview |
3.1 Chile GPS Tracking Device Market Revenues & Volume, 2019-2029F |
3.2 Chile GPS Tracking Device Market Industry Life Cycle |
3.3 Chile GPS Tracking Device Market Porter’s Five Forces |
4. Chile GPS Tracking Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Chile GPS Tracking Device Market Trends & Evolution |
6. Chile GPS Tracking Device Market Overview, By Types |
6.1 Chile GPS Tracking Device Market Revenue Share and Revenues, By Type, 2019-2029F |
6.1.1 Chile GPS Tracking Device Market Revenues, By OBD Device, 2019-2029F |
6.1.2 Chile GPS Tracking Device Market Revenues, By Standalone Tracker, 2019-2029F |
6.1.3 Chile GPS Tracking Device Market Revenues, By Advance Tracker, 2019-2029F |
6.2 Chile GPS Tracking Device Market Volume Share and Volume, By Type, 2019-2029F |
6.2.1 Chile GPS Tracking Device Market Volume, By OBD Device, 2019-2029F |
6.2.2 Chile GPS Tracking Device Market Volume, By Standalone Tracker, 2019-2029F |
6.2.3 Chile GPS Tracking Device Market Volume, By Advance Tracker, 2019-2029F |
7. Chile GPS Tracking Device Market Overview, By Deployment Type |
7.1 Chile GPS Tracking Device Market Revenue Share and Revenues, By Deployment Type, 2019-2029F |
7.1.1 Chile GPS Tracking Device Market Revenues, By Commercial Vehicles, 2019-2029F |
7.1.2 Chile GPS Tracking Device Market Revenues, By Cargo & Containers, 2019-2029F |
7.1.3 Chile GPS Tracking Device Market Revenues, By Others, 2019-2029F |
8. Chile GPS Tracking Device Market Overview, By Industry Types |
8.1 Chile GPS Tracking Device Market Revenue Share and Revenues, By Industry Type, 2019-2029F |
8.1.1 Chile GPS Tracking Device Market Revenues, By Transportation, 2019-2029F |
8.1.2 Chile GPS Tracking Device Market Revenues, By Construction & Heavy Equipment, 2019-2029F |
8.1.3 Chile GPS Tracking Device Market Revenues, By Government, 2019-2029F |
8.1.4 Chile GPS Tracking Device Market Revenues, By Mining Indstruy, 2019-2029F |
8.1.5 Chile GPS Tracking Device Market Revenues, By Others, 2019-2029F |
9. Chile GPS Tracking Device Market Key Performance Indicators |
10. Chile GPS Tracking Device Market Opportunity Assessment |
10.1 Chile GPS Tracking Device Market Opportunity Assessment, By Type, 2029F |
10.2 Chile GPS Tracking Device Market Opportunity Assessment, By Deployment Type, 2029F |
10.3 Chile GPS Tracking Device Market Opportunity Assessment, By Industry Type, 2029F |
11. Chile GPS Tracking Device Market Competitive Landscape |
11.1 Chile GPS Tracking Device Market Revenue Share, By Companies, 2022 |
11.2 Chile GPS Tracking Device Market Competitive Benchmarking, By Technical Parameters |
11.3 Chile GPS Tracking Device Market Competitive Benchmarking, By Operating Parameters |
12. Company Profiles |
12.1 Trimble Inc. |
12.2 Geotab Inc |
12.3 Quectel Wireless Solutions Co. Ltd. |
12.4 Tramigo Ltd. |
12.5 ORBCOMM Inc. |
12.6 Sinocastel Co. Ltd. |
12.7 Xirgo Global |
12.8 Teltonika Group |
12.9 GPS Chile S.P.A. |
12.10 Viasat Telematic Services Sl |
13. Key Strategic Recommendations |
14. Disclaimer |
List of Figures |
1. Chile GPS Tracking Device Market Revenues, 2019-2029F ($ Million, Units) |
2. Chile Logistical Issue with Online Purchase. |
3. Chile E-Commerce Sector Market, 2022 & 2027F ($ Billion) |
4. Chile GPS Tracking Device Market Revenue Share, By Type, 2019 & 2029F |
5. Chile GPS Tracking Device Market Volume Share, By Type, 2022 & 2029F |
6. Chile GPS Tracking Device Market Revenue Share, By Deployment Type, 2022 & 2029F |
7. Chile GPS Tracking Device Market Revenue Share, By Industry Type, 2022 & 2029F |
8. Mining Sector Contribution in Chile’s GDP, 2017-2021 |
9. Online Retain Sales in Chile, (Billion USD), 2017-2021 |
10. Chile GPS Tracking Device Market Opportunity Assessment, By Type (2029F) |
11. Chile GPS Tracking Device Market Opportunity Assessment, By Deployment Type (2029F) |
12. Chile GPS Tracking Device Market Opportunity Assessment, By Industry Type (2029F) |
13.Chile GPS Tracking Device System Market Company Revenue Share, 2022 Chile GPS Tracking Device System Market Company Revenue Share, 2022 |
14. Logistics & Mining Investments in Northern Chile |
List of Tables |
1. Chile GPS Tracking Device Market Revenues, By Type, 2019-2029F ($ Million) |
2. Chile GPS Tracking Device Market Volume, By Type, 2019-2029F ($ Million) |
3. Chile GPS Tracking Device Market Revenues, By Deployment Type, 2019-2029F ($ Million) |
4. Chile GPS Tracking Device Market Revenues, By Industry Type, 2019-2029F ($ Million) |
5. Major Minerals Production in Chile, 2022 |
6. Major Port in Chile, Capacity (Tonnes per Year), 2020 |
7. Mining Projects and Investments in Northern Chile (Million USD) |