openPR Logo
Press release

Global Positioning Systems (GPS) Market is expected to gain increased traction in the Upcoming Year

01-10-2018 07:18 AM CET | Associations & Organizations

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Global Positioning Systems (GPS) Market is expected to gain

global positioning systems market is expected to gain increased traction in the next few years.

Global positioning technology, also called the NAVSTAR technology, short for navigation system for timing and ranging, came to reality owing to the efforts put in by the United States' Department of Defense to establish a reliable satellite-based navigation system. Consisting a network of between 24 and 32 satellites orbiting the earth, global positioning systems (GPS) works across the globe in all weather conditions, helping users track routes, locations, and objects.

This report on the global market for global positioning systems presents a comprehensive overview of the present growth dynamics of the market and its key segments. The report also includes projections about the growth prospects of the market over the period between 2016 and 2024, based on quantitative and qualitative details pertaining to aspects such as recent trends, growth drivers, challenges, opportunities, regulations, and level of competition.

Request Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1242

A detailed overview of the competitive landscape is also included in the report wherein business profiles of some of the key vendors in the market, and market data about aspects such as their recent strategies, technological advancements, and involvement in activities such as mergers and acquisitions is included. A detailed SWOT analysis of all companies examined in the report is also included. The competitive landscape is further examined with the help of Porter’s five forces analysis.

Global Positioning System Market: Drivers and Restraints

From its use mostly restricted to military and defense purposes to being used across a vast range of civilian applications, the market for global positioning systems has come a long way in a matter of few decades. A large number of industrial applications put GPS to use for a number of purposes and the set of these applications continues to rise on a rapid pace. Industries such as construction, farming, transportation, and aerospace are among the key users of global positioning systems.

The use of the GPS technology helps these industries improve their operational efficiency and bring about a notable reduction in overall operation costs. The transportation industry, especially, is presenting a multitude of new application areas through in-build GPS units in passenger vehicles or through smartphone apps specifically made to guide travelers through unknown routes.

Browse Our Report: https://www.transparencymarketresearch.com/positioning-systems-market.html

Global positioning systems have also significantly helped in improving the response time in terms of emergency across a number of end-use areas, leading to a stark improvement in safety of resources operating in remote areas. With the vast rise in the number of consumers using location services-enabled smartphone across the globe, the global positioning systems market is expected to gain increased traction in the next few years. High-speed mobile data technologies such as 3G and 4G have further supported the use of GPS across the globe. One of the key restraints for the market is the concern of licensing owing to strict regulatory policies.

Global Positioning System Market: Segmentation

The global market for global positioning systems has been segmented on the basis of criteria such as application, type, and geography. Based on product type, the market is segmented into GPS-enabled mobile phones, marine systems, automotive systems, GPS cameras, and aviation systems. On the basis of application, the market is segmented into navigation and position tracking, security, and traffic control. From a geographical perspective, the market has been examined for Asia Pacific, North America, Europe, and Middle East and Africa.

Pre Book Now This Report: https://www.transparencymarketresearch.com/positioning-systems-market.html

Some of the key players operating in the global market for global positioning systems profiled in the report are Furono Electronics, FEI-Zyfer, Avidyne Corporation, Polar Electro Oy, MiTAC International, Garmin International, Raytheon Company, ECT Industries, Orolia SA, KVH Industries Inc, SiRF Technology, Hemisphere GPS, Trimble, Johnson Outdoors, Navico, Rockwell Collins, Symmetricom, TomTom NV, and Novatel.

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Positioning Systems (GPS) Market is expected to gain increased traction in the Upcoming Year here

News-ID: 892732 • Views:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for GPS

GPS Market Potential Surge Evaluating GPS Market Growth Opportunities Ahead - 20 …
In recent years, the global GPS Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on GPS Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis,
AirBolt GPS Tracker Reviews USA: Is AirBolt GPS Tracker The World's Smartest GPS …
AirBolt GPS Tracker Reviews USA: Is AirBolt GPS Tracker The World's Smartest GPS Tracker? All You Need To Know About AirBolt GPS Tracker Before You Buy. Looking for a game-changer in the realm of GPS trackers? Enter the AirBolt GPS, a revolutionary device that transcends the limitations of traditional Bluetooth trackers and bulky GPS units. Boasting four years of dedicated refinement, AirBolt presents a masterpiece of technology that redefines tracking
Global GPS Equipment Market | Global GPS Equipment Industry | Global GPS Equipme …
GPS or Global Positioning System equipment is used to find the real-time location-based accurate information of any vehicle, or other types of assets. GPS detects the person or vehicle that uses the GPS to track its exact location. The location information is stored & transmitted to others, which are connected by the internet using radio, cellular, or satellite modem embedded in the unit. It comprises a GPS module for receiving
Global GPS Equipment Market | Global GPS Equipment Industry | GPS Equipment Mark …
Global Positioning System or GPS equipment market comprises of sales of global positioning systems equipment & related services to determine the ground position of an object through GPS satellites. It is a satellite navigation system that transmits accurate signals that allow GPS equipment to decode or measure the desired location of the satellite. These equipments are smaller in size. With the advent of technologies, it has been possible to develop
Global GPS Fleet Tracking System Market 2020 Industry Analysis by Manufacturers …
The market research report entitled Global GPS Fleet Tracking System Market 2020 by Company, Type and Application, Forecast to 2025 provides analysis on market conditions, trends, capability, key players, opportunities, and geographical analysis. The report proves to be an ultimate solution when it comes to a better understanding of the industry and leads the business growth. The report covers an overview of the segments and sub-segmentations including the product types,
GPS Market analysis report- with Leading players and Major Applications: GPS-Ena …
GPS Market Worldwide Market Reports has announced the addition of the “Global GPS Market Size, Status and Forecast 2019-2025”, The report classifies the global Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. Global positioning system (GPS) is a global navigation satellite system that provides information about time and geolocation to the receiver anywhere on or near the earth where four