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.
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GPS Receiver Market to grow at a CAGR of 15.78% during the period 2017-2021.
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GPS Receiver Market is divided into the following segments based on geography are Americas, APAC and EMEA.
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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.
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This 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.
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.
GPS Receiver Market Report also includes a discussion of the key vendors operating in this market.
Key vendors are Broadcom, STMicroelectronics and u-blox.
Other prominent vendors Are Esterline Technologies, FURUNO ELECTRIC, Honeywell International, Japan Radio and more.
Market driver are Use of GPS receivers in mHealth.
Market challenge are High cost of GPS receivers for industrial use.
Market trend are Advent of autonomous driving.
List of GPS Receiver Market Exhibits are:
Exhibit 01: Global GPS receiver market: Overview
Exhibit 02: Global GPS receiver market 2016-2021 ($ billions)
Exhibit 03: Five forces analysis
Exhibit 04: Global GPS receiver market by application 2016 (% share of revenue)
Exhibit 05: Global GPS receiver market by geography 2017-2021 (% share of revenue)
Exhibit 06: Global GPS receiver market by automobiles 2016-2021 ($ billions)
Exhibit 07: Automotive GPS applications and their requirements
Exhibit 08: Global GPS receiver market by LBS 2016-2021 ($ billions)
Exhibit 09: Global GPS receiver market by aviation 2016-2021 ($ billions)
Exhibit 10: Global GPS receiver market by industrial machinery 2016-2021 ($ billions)
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