Press release
GPS Receiver Market Analysis To Grow At CAGR Of 15.78% Over period 2017-2021
Global positioning system (GPS) is a satellite-based navigation system consisting of a network of 31 satellites that orbit the Earth. Twenty-four of them are currently operational and orbiting the earth, while seven are acting as backups in case one fails. The GPS was developed by the US military that implemented this satellite network for military navigation purposes but later opened it up for commercial use. These 3,000- to 4,000-pound solar-powered satellites circle the globe at speeds of nearly 12,000 miles/hour (19,300 km/hour), making two complete rotations every day. The arrangement of the orbits is such that at least four satellites are visible in the sky at any given point in time.
Technavios analysts forecast the global GPS receiver market to grow at a CAGR of 15.78% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global GPS receiver market for 2017-2021. To calculate the market size, the report considers the sales of GPS receiver in various applications such as automobiles, LBS, aviation, industrial machinery, and maritime.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global GPS Receiver Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Broadcom
STMicroelectronics
u-blox
Other prominent vendors
Esterline Technologies
FURUNO ELECTRIC
Honeywell International
Japan Radio
Maxim Integrated
MediaTek
Qualcomm
Rockwell Collins
Telecom Design
Leadtek Research
Wi2Wi
Market driver
Use of GPS receivers in mHealth
For a full, detailed list, view our report
Market challenge
High cost of GPS receivers for industrial use
For a full, detailed list, view our report
Market trend
Advent of autonomous driving
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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