| Product Code: ETC5605861 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Maldives saw a significant increase in GPS tracking device import shipments in 2024, with top exporting countries being China, Germany, USA, South Korea, and the UK. The market experienced a shift from low to high concentration, indicating a more competitive landscape. Despite a slight decline in growth rate from 2023 to 2024, the impressive compound annual growth rate of 30.66% over the period 2020-2024 underscores the robust demand for GPS tracking devices in the Maldives. This trend suggests a growing reliance on advanced tracking technology for various applications in the region.
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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 Maldives GPS Tracking Device Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives GPS Tracking Device Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives GPS Tracking Device Market - Industry Life Cycle |
3.4 Maldives GPS Tracking Device Market - Porter's Five Forces |
3.5 Maldives GPS Tracking Device Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives GPS Tracking Device Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
3.7 Maldives GPS Tracking Device Market Revenues & Volume Share, By Industry , 2021 & 2031F |
3.8 Maldives GPS Tracking Device Market Revenues & Volume Share, By , 2021 & 2031F |
4 Maldives GPS Tracking Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fleet management solutions in Maldives |
4.2.2 Rising concerns for vehicle security and safety |
4.2.3 Government regulations mandating the use of GPS tracking devices in certain industries |
4.3 Market Restraints |
4.3.1 High initial investment cost for implementing GPS tracking devices |
4.3.2 Limited awareness and understanding of the benefits of GPS tracking technology in Maldives |
4.3.3 Lack of skilled professionals for maintenance and support of GPS tracking systems |
5 Maldives GPS Tracking Device Market Trends |
6 Maldives GPS Tracking Device Market Segmentations |
6.1 Maldives GPS Tracking Device Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives GPS Tracking Device Market Revenues & Volume, By Standalone Trackers, 2021-2031F |
6.1.3 Maldives GPS Tracking Device Market Revenues & Volume, By OBD Devices, 2021-2031F |
6.1.4 Maldives GPS Tracking Device Market Revenues & Volume, By Advance Trackers, 2021-2031F |
6.2 Maldives GPS Tracking Device Market, By Deployment Type |
6.2.1 Overview and Analysis |
6.2.2 Maldives GPS Tracking Device Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
6.2.3 Maldives GPS Tracking Device Market Revenues & Volume, By Cargo & Container, 2021-2031F |
6.3 Maldives GPS Tracking Device Market, By Industry |
6.3.1 Overview and Analysis |
6.3.2 Maldives GPS Tracking Device Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.3.3 Maldives GPS Tracking Device Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 Maldives GPS Tracking Device Market Revenues & Volume, By Government, 2021-2031F |
6.3.5 Maldives GPS Tracking Device Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.6 Maldives GPS Tracking Device Market Revenues & Volume, By Metals & Mining, 2021-2031F |
6.3.7 Maldives GPS Tracking Device Market Revenues & Volume, By Others, 2021-2031F |
6.4 Maldives GPS Tracking Device Market, By |
6.4.1 Overview and Analysis |
7 Maldives GPS Tracking Device Market Import-Export Trade Statistics |
7.1 Maldives GPS Tracking Device Market Export to Major Countries |
7.2 Maldives GPS Tracking Device Market Imports from Major Countries |
8 Maldives GPS Tracking Device Market Key Performance Indicators |
8.1 Average monthly active users of GPS tracking devices in Maldives |
8.2 Percentage increase in the adoption rate of GPS tracking devices year over year |
8.3 Average response time for customer support and issue resolution for GPS tracking devices in Maldives |
9 Maldives GPS Tracking Device Market - Opportunity Assessment |
9.1 Maldives GPS Tracking Device Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives GPS Tracking Device Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
9.3 Maldives GPS Tracking Device Market Opportunity Assessment, By Industry , 2021 & 2031F |
9.4 Maldives GPS Tracking Device Market Opportunity Assessment, By , 2021 & 2031F |
10 Maldives GPS Tracking Device Market - Competitive Landscape |
10.1 Maldives GPS Tracking Device Market Revenue Share, By Companies, 2024 |
10.2 Maldives 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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