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GPS Antenna Market Growth and its Detail Analysis by Top Key players like Harxon Corporation, Hemisphere GNSS, Javad GNSS, NovAtel, Inc., Orolia, Sokkia
GPS Antenna Market
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What is GPS Antenna?
GPS antenna is used to receive and transmit information by radio waves from a GPS satellite. When connected to a GPS receiver, the GPS transmits and receives the specific radio frequency signals needed for a GPS device to perform its time, location, and navigation functions. GPS antennas can be used in a variety of applications including road, aviation and automotive.
MARKET SEGMENTATION
• Based on type, the global GPS antenna market is segmented into internal and external.
• Based on application, the GPS antenna market is segmented into aviation industry, automotive, transportation and healthcare.
MARKET DYNAMICS
Drivers
• The GPS system used in transportation provides various benefits to users including ease of travelling and accurate monitoring of operations and assets.
• Increasing smart mobility applications, such as fleet management, navigation, satellite road traffic monitoring and several other, are expected to bolster the growth of the global GPS antenna market.
Restraints
• The high cost of installation and increased competition issues are some of the factors restraining the growth for GPS antenna market.
The key players profiled in this study includes Harxon Corporation, Hemisphere GNSS, Javad GNSS, Inc., Leica Geosystems, NavCom Technology, Inc., NovAtel, Inc., Orolia, Sokkia, Tallysman, Topcon Positioning Systems, Inc., etc.
The research provides answers to the following key questions:
1. What is the estimated growth rate of the market for the forecast period 2021–2028? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the GPS Antenna market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the GPS Antenna market?
4. What are the prominent market trends influencing the development of the GPS Antenna market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the GPS Antenna market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?
IMPACT OF COVID-19 ON GPS ANTENNA MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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