| Product Code: ETC5605822 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cyprus is experiencing a significant surge in GPS tracking device imports, with key exporters being Denmark, USA, China, Israel, and the UK. The market shows a shift towards moderate concentration, indicating increased competition among suppliers. The impressive compound annual growth rate of 33.21% from 2020 to 2024 highlights the expanding demand for GPS tracking devices in Cyprus. Moreover, the remarkable growth rate of 55.79% from 2023 to 2024 underscores the accelerating pace of market development in the country. This trend signals promising opportunities for both local businesses and international suppliers in the GPS tracking device sector.
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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 Cyprus GPS Tracking Device Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus GPS Tracking Device Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus GPS Tracking Device Market - Industry Life Cycle |
3.4 Cyprus GPS Tracking Device Market - Porter's Five Forces |
3.5 Cyprus GPS Tracking Device Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cyprus GPS Tracking Device Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
3.7 Cyprus GPS Tracking Device Market Revenues & Volume Share, By Industry , 2021 & 2031F |
3.8 Cyprus GPS Tracking Device Market Revenues & Volume Share, By , 2021 & 2031F |
4 Cyprus GPS Tracking Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus GPS Tracking Device Market Trends |
6 Cyprus GPS Tracking Device Market Segmentations |
6.1 Cyprus GPS Tracking Device Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus GPS Tracking Device Market Revenues & Volume, By Standalone Trackers, 2021-2031F |
6.1.3 Cyprus GPS Tracking Device Market Revenues & Volume, By OBD Devices, 2021-2031F |
6.1.4 Cyprus GPS Tracking Device Market Revenues & Volume, By Advance Trackers, 2021-2031F |
6.2 Cyprus GPS Tracking Device Market, By Deployment Type |
6.2.1 Overview and Analysis |
6.2.2 Cyprus GPS Tracking Device Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
6.2.3 Cyprus GPS Tracking Device Market Revenues & Volume, By Cargo & Container, 2021-2031F |
6.3 Cyprus GPS Tracking Device Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Cyprus GPS Tracking Device Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.3.3 Cyprus GPS Tracking Device Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 Cyprus GPS Tracking Device Market Revenues & Volume, By Government, 2021-2031F |
6.3.5 Cyprus GPS Tracking Device Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.6 Cyprus GPS Tracking Device Market Revenues & Volume, By Metals & Mining, 2021-2031F |
6.3.7 Cyprus GPS Tracking Device Market Revenues & Volume, By Others, 2021-2031F |
6.4 Cyprus GPS Tracking Device Market, By |
6.4.1 Overview and Analysis |
7 Cyprus GPS Tracking Device Market Import-Export Trade Statistics |
7.1 Cyprus GPS Tracking Device Market Export to Major Countries |
7.2 Cyprus GPS Tracking Device Market Imports from Major Countries |
8 Cyprus GPS Tracking Device Market Key Performance Indicators |
9 Cyprus GPS Tracking Device Market - Opportunity Assessment |
9.1 Cyprus GPS Tracking Device Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cyprus GPS Tracking Device Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
9.3 Cyprus GPS Tracking Device Market Opportunity Assessment, By Industry , 2021 & 2031F |
9.4 Cyprus GPS Tracking Device Market Opportunity Assessment, By , 2021 & 2031F |
10 Cyprus GPS Tracking Device Market - Competitive Landscape |
10.1 Cyprus GPS Tracking Device Market Revenue Share, By Companies, 2024 |
10.2 Cyprus 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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