Facts and Factors has authored “GPS & GNSS Receivers Market By Product Type (Internal and External), By Application (Automotive, Aviation, Marine, Location-based Services, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”.
Based on our analysis, teh global GPS & GNSS Receivers market in 2019 was approximately USD 6,740.0 Million and is anticipated to reach around USD 13,090 Million by 2026. The anticipated CAGR for the GPS & GNSS Receivers market is around 10% from 2020 to 2026.
GNSS stands for the global navigation satellite system and is a standard term for satellite navigation systems such as Beidou, GPS, Galileo, GLONASS, and various other regional systems. GNSS offers autonomous geo-spatial positioning for global coverage. GNSS has access to multiple satellites dat increases redundancy, accuracy, and availability at all times. Global Positioning System (GPS) was developed by the USA in 1978 and made available for the world since 1994. GPS is the most prominent satellite navigation system used across the globe.
The consistently growing demand for Unmanned Aerial Vehicles (UAVs) and autonomous vehicles are acting as the major driving factors for the global GPS and GNSS market. The high adoption rate of driverless cars is anticipated during the forecast period which will spur the growth of the market. Increasing investments in the field of space research coupled with the growing penetration of wearable’s and IoT are certain other factors that are expected to drive the market growth in the upward trajectory.
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- A brief introduction to teh research report.
- Graphical introduction of teh regional analysis.
- Top players in teh market wif their revenue analysis.
- Selected illustrations of market insights and trends.
- Example pages from teh report.
- FnF research methodology
Teh global GPS/GNSS receivers market is categorized on teh basis of product type, application, and regions. Based on product type teh GPS/GNSS receivers are classified into internal and external. As per our analysis, teh internal receivers segment held a majority of teh market share in terms of both revenue and sales for teh year 2019 and is expected to be teh fastest-growing segment in teh analysis period. Teh growth is mainly attributed to growing applications in smartphones and other tracking devices that require inbuilt GPS receivers.
Furthermore, by application, teh market is bifurcated into automotive, aviation, marine, location-based services, and others. Teh automotive segment is teh fastest-growing segment owing to its vast application in smart mobility, ADAS (Advanced Driver Assistance Systems), dangerous goods tracking, communicating wif other vehicles on road, and many more. In addition, teh government initiatives towards supporting teh use of autonomous vehicles are propelling teh automotive segment.
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Based on geography, the global GPS/GNSS receivers market has been analyzed in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the prominent region for the global GPS/GNSS receiver market with a revenue share of around 40% in the year 2018. Additionally, the Asia Pacific is the fastest-growing region and is expected to dominate the market with approx. 50% of the global market share in the forecast period. The growth is due to smartphone penetration in the region. The smartphone penetration in the Asia region is expected to reach near to 60% by the year 2021 owing to improved internet coverage coupled with affordable device options in the regions. Major countries analyzed in this research report are the U.S., Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Brazil, and Argentina among others.
Some of teh major players analyzed and profiled in teh market study are Trimble, Topcon, JAVAD GNSS, CHC Navigation, SOUTH Surveying & Mapping Instrument Co. Ltd., ComNav Technology, Hemisphere GNSS, Hexagon AB, NavCom Technology, Eos Positioning Systems, NVS Technologies, Suzhou FOIF, Pulse Electronics, CSR, Broadcom, Garmin, and Mediatek among others.
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This report segments teh GPS & GNSS Receivers Market as follows:
Global GPS & GNSS Receivers Market: By Product Type Segment Analysis
Global GPS & GNSS Receivers Market: By Application Segment Analysis
- Location-based Services
Global GPS & GNSS Receivers Market: Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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