Global GPS Market is expected to grow to US$83.353 billion by 2022 from US$34.888 billion in 2017, at a CAGR of 19.03% over the forecast period
Increasing usage of wireless devices and growing demand for the location-enabled services are some of the key factors for the growth of GPS market. Other factors such as high adoption rate in consumer electronic devices like tablets, smartwatch, camera, mobile phones and other, and the emergence of new technologies like 4G also favor the growth of GPS market during the forecast period.
Telecommunication sector is expected to witness the highest growth due rapid infrastructural development. Asia Pacific is expected to grow at a high rate due to the rapid growth of consumer electronic and automation market in this region.
Key industry players profiled as part of this section are Avidyne Corporation, FEI-Zyfer, Furuno Electric Co. Ltd., Johnson Outdoors Inc., Hemisphere GNSS, Navico, NSE Industries, Garmin Ltd., KCH Industries and MiTAC International among others.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. GPS Market Forecast by Product Type (US$ billion)
6. GPS Market Forecast by Application (US$ billion)
7. GPS Market Forecast by Geography (US$ billion)
8. Competitive Intelligence
9. Company Profiles
- Avidyne Corporation
- Furuno Electric Co. Ltd.
- Johnson Outdoors Inc.
- Hemisphere GNSS
- NSE Industries
- Garmin Ltd.
- KCH Industries
- MiTAC International
For more information about this report visit https://www.researchandmarkets.com/research/2238b5/global_gps_market