About GPS (Positioning System)
The Positioning system (GPS) is a satellite-based navigation system made from a minimum of 24 satellites. GPS works in any weather, anywhere within the world, twenty-four hours a day. Every satellite transmits a unique signal and orbital parameters that permit GPS devices to decrypt and compute the precise location of the satellite. GPS receivers use this info and trilateration to calculate a user's exact location. Primarily, the GPS receiver measures the distance to each satellite by the amount of time it takes to receive a transmitted signal. With distance measurements from a few more satellites, the receiver can determine a user's position and show it electronically to measure running route, find a way home, map a golf course, among others. The positioning system is extensively used in numerous applications such as road, aviation, marine, surveying, among others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the GPS market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for GPS market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global GPS (Positioning System) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Qualcomm Inc. (United States), Hexagon AB (Sweden), Broadcom Inc. (United States), Trimble Navigation Limited (United States), MiTAC Digital Technology Corporation (Navman) (United States), TomTom N.V (Netherlands), Rockwell Collins Inc. (United States), AvidyneCorporation (United States), FurunoElectric (Japan), JohnsonOutdoors (United States) and Navico (Norway) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Texas Instruments Inc. (United States), Garmin Ltd. (Switzerland) and Mio Technology Corporation (Taiwan).
Segmentation Overview
AMA Research has segmented the market of Global GPS (Positioning System) market by Type (Civilian and Military), Application (Road, Aviation, Marine, Location-Based Services, Surveying and Mapping and Others) and Region.
On the basis of geography, the market of GPS (Positioning System) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the GPS (Positioning System) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Need of in-built Equipped GPS
Market Growth Drivers:
Rising Number of Smart Phone Users, Awareness of Public Safety and Demand for Portable Navigation System
Restraints:
Security Issue, Lack of Network Infrastructure in Underdeveloped Areas and Accuracy of Location
Opportunities:
Emerging Demand from Economies
Market Leaders and their expansionary development strategies
In May 2018, Hexagon has declared the launch of new PIM7500 Global Navigation Satellite System (GNSS) receiver explicitly designed for autonomous automotive platform development and solutions. This single-sided receiver features a compact form factor that solders down directly for easy integration with electronic control modules and Artificial Intelligence (AI) development platforms.
In Sept. 2018, Qualcomm Technologies, Inc., in association with a leading precise positioning service provider Qianxun Spatial Intelligence, Inc. and Quectel Wireless Solutions, have announced a comprehensive high-precision positioning global navigation satellite system (GNSS) solution for China’s automotive industry.
Key Target Audience
Positioning System (GPS) devices Manufacturers, Positioning System (GPS) devices Distributors, System Security, Software investors, Defense and Government, Police Department, Private Companies, Component Suppliers, Investors and Venture Capitalist, Technology Integrators and Research/Consultancy firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.