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The gps market size is valued to increase by USD 111.6 million, at a CAGR of 22.1% from 2023 to 2028. Growing investment in satellite deployment will drive the gps market.
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Modern agriculture increasingly relies on data-driven approaches to optimize productivity and sustainability. Effects of microbial communities soil health and assessment methods soil organic matter content are foundational for improving nitrogen use efficiency crops and optimizing potassium fertilization strategies. Application humic substances improving nutrient uptake, analysis of phosphorus management techniques, and the relationship between root system architecture nutrient access support targeted nutrient management, while impact of precision irrigation systems yield and measuring crop water stress remote sensing enhance water-use efficiency.
Evaluation techniques photosynthetic efficiency and role of plant growth regulators stress tolerance inform strategies for improving crop disease resistance and impact of abiotic stress crop yield. Comparison different weed management strategies and methods for pest control organic farming further optimize crop protection, while development strategies sustainable intensification agriculture provide long-term guidance for resilient systems. Integration remote sensing data farm management systems and evaluation of different sensor network deployments enables precise monitoring, supporting decision-making in real time. By analyzing agricultural data improve decision making, farmers can implement optimized planting, fertilization, and irrigation schedules, ultimately enhancing productivity, sustainability, and profitability while reducing resource inputs and environmental impacts.
The significant expansion of investment in satellite deployment serves as the primary catalyst for market growth.
The increasing demand for advanced GPS devices represents a notable market trend. GPS technology continues to evolve, with growing consumer interest in more sophisticated devices.
The growth of the industry is significantly impacted by connectivity issues, which represent a major challenge for GPS technology.
The gps industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The gnss segment is estimated to witness significant growth during the forecast period.
The Global Positioning System (GPS) market continues to evolve, driven by the growing demand for real-time asset tracking and optimization in various industries. In agriculture, precision farming techniques employ GPS technology for enhancing crop quality parameters through phosphorus solubilization, soil nutrient cycling, and genomic selection methods. In logistics, GPS-enabled fleet management ensures improved drought tolerance naturally in crops, reduces salinity stress, and boosts agricultural productivity metrics by up to 20%. This technology also plays a crucial role in biotic stress resistance, enabling field trial evaluations and enzyme activity assays for metabolic pathway analysis.
Furthermore, GPS technology aids in heavy metal remediation, pest control efficacy, and soil health improvement through microbial inoculants and sustainable agriculture practices. The integration of GPS with phenotypic characterization, abiotic stress mitigation, and water use efficiency significantly contributes to yield enhancement strategies and root development promoters.
The GNSS segment was valued at USD 31.70 million in 2018 and showed a gradual increase during the forecast period.
Europe is estimated to contribute 31% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is experiencing significant growth, particularly in the European automotive sector. With Europe being home to major automobile manufacturers like Volkswagen AG, BMW AG, AUDI AG, and Ford Motor Company, the region is witnessing an influx of investments in setting up new manufacturing plants. This trend is driven by the increasing demand for commercial, electric, and hybrid vehicles. The European Union's mandate for eCall systems in all passenger cars is another crucial factor fueling market growth. These systems, which automatically dial 112, Europe's emergency number, in case of severe accidents and transmit the exact location, aim to reduce road accidents and save lives.
According to industry reports, the market is projected to reach over 100 billion units installed base by 2025, with automotive applications accounting for a substantial market share. This growth can be attributed to the operational efficiency gains and cost reductions associated with real-time location based tracking and emergency response systems.
Customer Landscape of GPS Industry
Companies are implementing various strategies, such as strategic alliances, gps market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
CalAmp - The company specializes in providing advanced GPS technology, with offerings such as the IFD Series, including the IFD540 and IFD440 models. These navigators deliver precise location information and navigation capabilities, enhancing user experience and safety on the move.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled GPS Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
145 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 22.1% |
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Market growth 2024-2028 |
USD 111.6 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
17.8 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
Nutrient cycling processes form the foundation for sustainable intensification in modern agriculture, enhancing soil organic matter content and carbon sequestration potential while optimizing water use efficiency metrics. Crop breeding programs, combined with genetic modification techniques, aim to improve yield stability and quality parameters assessment, ensuring farm productivity metrics meet economic feasibility studies. Integrated pest management strategies, alongside precision farming tools and agricultural technology adoption, contribute to input cost reduction and profitability optimization while mitigating environmental risk factors and supporting climate change adaptation.
Data integration platforms, remote sensing imagery, and geographical information systems facilitate informed decision-making through decision support systems, enabling farmers to refine farming practices evolution and optimize agricultural machinery usage. Enzyme activity assays and plant hormone biosynthesis research provide insights into plant physiological responses, informing targeted interventions that enhance crop resilience and productivity. Regulatory compliance issues and risk management strategies remain critical to ensure agricultural practices align with environmental and safety standards while sustaining long-term economic and ecological viability.
What is the expected growth of the GPS Market between 2024 and 2028?
USD 111.6 million, at a CAGR of 22.1%
What segmentation does the market report cover?
The report is segmented by Application (GNSS, A-GPS, and DR-GPS), Geography (Europe, North America, APAC, Middle East and Africa, and South America), End-use Industry (Automotive, Transportation & Logistics, Consumer Electronics, Aerospace & Defense, Agriculture, Mining, Construction, Healthcare, and Retail & E-commerce), Type (Handheld GPS Devices, Vehicle GPS Devices, Personal GPS Devices, Asset Tracking Devices, and Smartphone GPS), and Technology (GNSS, A-GPS, and DR-GPS)
Which regions are analyzed in the report?
Europe, North America, APAC, Middle East and Africa, and South America
What are the key growth drivers and market challenges?
Growing investment in satellite deployment, Connectivity issues with GPS
Who are the major players in the GPS Market?
CalAmp, CanTrack, Concox, Garmin Ltd., GoSafe, Jimi IoT, Meitrack, ORBCOMM, Qualcomm Technologies, Queclink Wireless Solutions, Ruptela, Suntech, Teletrac Navman, Teltonika, TomTom International B.V., TrackingFox, Trimble Inc., U-blox AG, Verizon Communications Inc., and Xiaomi Corporation
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-use Industry
8 Market Segmentation by Type
9 Market Segmentation by Technology
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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