The global demand for GPS Receiver Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
A satellite navigation device, colloquially called a GPS receiver, is a device that is used for navigation purposes. It is a global navigation satellite system that offers information about time and geo-location to the receiver anywhere in the world. GPS operates separately without the integration of the internet reception, but the use of the internet improves the usefulness of the GPS positioning information. The GPS is efficient in offering critical positioning to commercial, military, and civil users globally. GPS continuously transfers current position and time to the receiver. GPS is gaining traction due to more advanced and providing highly accurate results owing to technological developments.
Market Dynamics:
The global GPS market is likely to experience potential growth in the upcoming year owing to rising use in the military, defense sector, and wide range of civilian applications. The GPS system is implemented in a broad range of industrial applications, thus positively influencing the GPS market. Transportation, construction, aerospace, and farming are prominent users of the GPS system. It improves the operational efficacy of these industries and reduces operation costs. The growing penetration of smartphones with location-enabled services is expected to bolster the market growth in the next few years. The beginning of the high-speed mobile data technologies such as 4G supports the use of GPS across the world, which propels the global market. However, strict policies and licensing are some factors that are restricting market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of gps receiver. The growth and trends of gps receiver industry provide a holistic approach to this study.
Market Segmentation
This section of the gps receiver market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Wired Receiver
- Wireless Receiver
By Application
- Consumer Electronics
- Automotive
- Military & Defense
- Transportation & Logistics
- Fleet Management
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the GPS Receiver market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global GPS Receiver Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the gps receiver market include Trimble Inc., Topcon Corporation, Sokkia Co., Ltd., GEO Group, Inc., NavtechGPS, ComNav Technology Ltd., Hemisphere GNSS, Inc., NavCom Technology, Inc., Leica Geosystems AG and Garmin Ltd. among others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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