Global GPS Receiver Market 2017-2021

Overview of the global GPS receiver market

Technavio's market study identifies the increasing application of GPS in multimodal logistics to be one of the primary growth factors for the GPS receiver market. Multimodal transport is carried out through the carriage of goods via two or more transport modes. National and international businesses are operated easily with the aid of multimodal transport. GPS provides reliable, flexible, and cost-effective solutions, in addition to, improving the security, efficiency, and safety of multimodal logistics. GPS provides in-transit visibility with the use of connected devices and GPS sensors. Our market research analysts estimate that the market will grow steadily at a CAGR of almost 16% by 2021.

Military sector uses GPS in the designation of precise target coordinates and delivery of conventional munitions. GPS provides a direct link between the target and the weapon, consequently providing extreme accuracy. Usage of GPS and other positioning techniques increases the efficiency of the force and reduces the risk of individual soldiers. According to our industry research report, the increasing usage of GPS in defense will be one of the key trends that will gain traction in the GPS receiver market throughout the next few years.

Competitive landscape and key vendors

The GPS receiver market is highly fragmented due to the presence of several key players offering differentiated products. Key players compete intensely to strengthen their presence in the market and increase their target consumer base. Large players are increasing engaging in M&A and acquiring the regional and local players. M&A expands the geographical presence and production facilities of the GPS receiver manufacturers in the GPS antenna market.

The leading vendors in the market are

• Broadcom
• STMicroelectronics
• u-blox

The other prominent vendors in the market are Esterline Technologies, FURUNO ELECTRIC, Honeywell International, Japan Radio, Maxim Integrated, MediaTek, Qualcomm, Rockwell Collins, Telecom Design, Leadtek Research, and Wi2Wi.

Segmentation by application and analysis of the GPS receiver market

• Automobiles
• LBS
• Aviation
• Industrial machinery
• Maritime

In the automobiles sector, GPS technology is used for several applications in addition to, being used in navigation systems. Additionally, large scale services such as European eCall initiatives uses GPS to locate the mobile users in US. Electronic toll collection systems also use the GPS technology to track the vehicles passing the toll stations.

Geographical segmentation and analysis of the GPS receiver market

• Americas
• APAC
• EMEA

In APAC, Japan, China, India, and South Korea are witnessing high growth potential due to the high use of smartphones for e-mailing, navigation, streaming, and gaming. This region is a bandwidth-hungry and tech-savvy large consumer base, contributing to the growth of the GPS receiver market in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global GPS receiver market?
• What are the key market trends impacting the growth of the global GPS receiver market?
• What are the challenges to market growth?
• Who are the key vendors in the global GPS receiver market?
• What are the market opportunities and threats faced by the vendors in the global GPS receiver market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global GPS receiver market?

Technavio also offers customization on reports based on specific client requirement.

The upcoming market research report on the global GPS receiver market is an integral part of the hardware and semiconductor portfolio under the fast-growing subdivision like embedded systems. This report presents a detailed analysis of the major trends and drivers that influence the growth of the embedded systems industry.  

Technavio's market research analysts follow a meticulous process of data collection including primary and secondary research techniques like telephone and online surveys, vendor briefings, webinars, and podcasts, and industry journals and publications to help clients devise effective growth strategies and keep up-to-speed with the dynamic market landscape. Moreover, vendors such as Leica Geosystems, Hemisphere GNSS, Navcom Technology, Sokkia Topcon, and Keysight Technologies are covered under this upcoming industry research report on the global GPS receiver market.

This upcoming report on the global GPS services market also covers various geographies like the Americas, APAC, and EMEA to help clients identify potential market opportunities and expand in niche markets. This industry report also offers insights into fast-growing segments within the hardware and semiconductor industry, including sectors like computing devices and displays. Additionally, this report also presents insights into the dynamic competitive landscape to give clients a realistic picture of the future direction of the industry.