According the report, Growing Adoption of E-Hailing Services across the Globe is one of the primary growth factors for the market. Increasing Penetration of Smartphones with Integrated GPS System
is also expected to contribute significantly to the Positioning Systems market. Overall, Navigation
applications of Positioning Systems, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Positioning Systems market identified that the demand is rising in many different parts of the world as "Increasing Mergers and Acquisitions between Component Manufacturers and Integrators
". Furthermore, some recent industry insights like "In 2018, Esterline Avionics Systems had completed ground and flight tests of its satellite-based augmentation systems (SBAS)-capable CMA-5024 GPS/SBAS landing system unit (GLSSU) on Boeing 737 aircraft. Esterline's CMA-5024 is an FAA-approved DO-260B ADS-B positioning source that can be paired with any DO-260-B transponder, helping operators meet the looming automatic dependent surveillance-broadcast compliance date." is constantly making the industry dynamic. One of the challenges that industry facing is "Clock Inaccuracy and Orbit Shift of Satellites"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Positioning Systems market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Positioning Systems market and other related sub-markets covered in the study.
o Key & emerging players in the Positioning Systems market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Positioning Systems market size is calculated using market estimation process, the Positioning Systems market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Positioning Systems market size has been validated using both top-down and bottom-up approaches.