The Global Positioning Systems (GPS) Market was valued at $40.54 Billion in 2017 and is forecast to grow at a modestxx.17 % CAGR between 2018 and 2025, culminating in 2025 global sales of $153.67Billion.
Global Positioning Systems (GPS) is a satellite-based navigation system which is works in any condition anywhere in the world. GPS uses at least 24 satellites. GPS is used for location, navigation, tracking, Mapping, timing. GPS is extremely relevant today & used in different industries for maintaining accurate location, tracking position, navigating, surveys & maps. GPS is used in many applications for civilians like navigation which is used by navigators for precise & orientation velocity measurements, used for detecting the direct false motion measurement in earthquakes, used for geotagging in which map overlays can be created by applying location coordinates to photographs &another kind of documents. GPS is the main source of application which is used in defense sectors like in search & rescue mission or operation. Military weapon system uses GPS to track air targets & potential ground before they are hostile or flagged.
“Optimal Price Point (OPP) for Global Positioning Systems (GPS)”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in theU.S.Global Positioning Systems (GPS) materials are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Global Positioning Systems (GPS)Market “byApplication Categories”
We have segmented the Global Positioning Systems (GPS)based on Application categories as Aviation, Marine, Surveying, Location-Based Services, Road.
We have observed the significant growth of global positioning system by Location-based services application which demands the market because this type of services can be query-based& provides the end user with useful information’s which demands the market of Global Positioning System (GPS) during the forecast period.
Global Positioning Systems (GPS) Market by “Deployment”
We have segmented the Global Positioning Systems (GPS) market based on Deployment are Standalone Trackers, Portable Navigation Devices, Automotive Telematics Systems, Consumer Devices, Others.
We have observed the significant growth of Global positioning system by the deployment of consumer devices which dominate the market. Hence it is anticipated to grow during the forecast period.
North America accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Global Positioning System market followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include Asia Pacific, Europe, North America, Latin America and the Middle East and Africa. In 2017, Asia Pacific held the largest share for the global positioning System (NDT) market due to the demand for Defense & civil application. The Asia Pacific is expected to have the highest growth due to China & this would be followed by Europe.
The demand for Standalone Trackers, Portable Navigation Devices, Automotive Telematics Systems, Consumer Devices, Others with the rising numbers of smartphone user generates a demand for the global positioning system. We are observing that a global positioning system are a good option as it can create a good impact for defense sectors.
“Competitive Landscape “and “Merger & Acquisition Insights”
The key market participants include Mio Technology Corporation, Garmin Ltd, Texas Instruments Inc, Rockwell Collins Inc, TomTom N.V, MiTAC Digital Technology Corporation, Trimble Navigation Limited, Broadcom Incare few major players in Global Positioning Systems (GPS)markets. The market of Global Positioning Systems (GPS)s is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Global Positioning Systems (GPS) market by application Categories (Revenue, Million, 2014 – 2025)
- Location-Based Services
Global Positioning Systems (GPS) Market by Deployment (Revenue, Million, 2014 – 2025)
- Standalone Trackers
- Portable Navigation Devices
- Automotive Telematics Systems
- Consumer Devices
Global Positioning Systems (GPS)Market Regional Outlook (Revenue,USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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