GPS Market Growing Popularity and Emerging Trends Near Future

GPS Market
GPS Market

HTF MI published a latest report, titled, “GPS Market is Segmented by Type (Handheld GPS, Embedded GPS, Wearable GPS), Application (Navigation, Mapping, Fleet Tracking): Global Opportunity Analysis and Industry Forecast, 2024-2032”. The GPS Market have seen a market size of USD 80 billion in 2023 and estimated to reach USD 120 billion by 2030, growth at a CAGR of 8 %. Historically, back in 2019 the GPS market have seen a value of USD 60 billion and since then market have recovered completely and showing robust growth.

Some of the major players such as Garmin, TomTom, Navcom Technology, Trimble, Qualcomm, Google, Apple, Rockwell Collins, Leica Geosystems, Magellan, Northrop Grumman, AT&T, Hexagon, Panasonic, Mitel

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ ๐Ÿ‘‰ย https://www.htfmarketreport.com/sample-report/4203334-global-gps-market-size-outlook-and-forecast-2022-2029?utm_source=Krati_Talentindia&utm_id=Krati

Definition:

GPS (Global Positioning System) is a satellite-based navigation system that provides location and time information globally. Initially developed for military use, GPS has become integral to various civilian applications, including navigation, mapping, and fleet tracking. The demand for location-based services continues to rise, driven by advancements in mobile applications and the increasing need for precise location tracking in various sectors, including transportation and logistics. However, competition from alternative positioning systems and concerns about data accuracy can challenge the market’s growth. As technology evolves, the role of GPS in smart city infrastructure and autonomous vehicles is expected to expand.

Market Trends:

Rise in autonomous vehicles, Focus on smart city infrastructure

Market Drivers:

Growing demand for location-based services, Increase in mobile applications

Market Challenges:

Competition from alternative positioning systems, Data accuracy concerns

๐†๐ž๐ญ ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ ๐จ๐Ÿ 20% ๐จ๐ง ๐ˆ๐ฆ๐ฆ๐ž๐๐ข๐š๐ญ๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐žย  ๐Ÿ‘‰ย https://www.htfmarketreport.com/request-discount/4203334-global-gps-market-size-outlook-and-forecast-2022-2029?utm_source=Krati_Talentindia&utm_id=Krati

Important Features that are under offering & key highlights of the GPS market report:

1) What Market data break-up does a basic version of this report cover other than players’ information?
GPS Product Types In-Depth: Handheld GPS, Embedded GPS, Wearable GPS
GPS Major Applications/End users: Navigation, Mapping, Fleet Tracking
Geographical Analysis: North America, Europe have shown robust growth in GPS market and Asia-Pacific region is growing at fastest pace.

2) What are the companies profiled in the basic version of the report? Is it possible to customize the list
Players that are currently profiled in the study are “Garmin, TomTom, Navcom Technology, Trimble, Qualcomm, Google, Apple, Rockwell Collins, Leica Geosystems, Magellan, Northrop Grumman, AT&T, Hexagon, Panasonic, Mitel”. Yes, the list can also be customized, a maximum of 5-6 players can be swapped with the list of your target competition.

The list of players mentioned may vary in the final report subject to Name Change / M&A activity in recent years. Final confirmation about the players would be provided by the research team depending upon the difficulty of the survey.

๐…๐จ๐ซ ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐จ๐ง ๐ญ๐ก๐ž ๐ฏ๐ž๐ง๐๐จ๐ซ ๐ฅ๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž ๐š๐ง๐ ๐ข๐ญ๐ฌ ๐จ๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ, ๐๐ฎ๐ฒ ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐„๐๐ข๐ญ๐ข๐จ๐ง ๐๐จ๐ฐ ๐Ÿ‘‰ย https://www.htfmarketreport.com/buy-now?format=1&report=4203334-global-gps-market-size-outlook-and-forecast-2022-2029?utm_source=Krati_Talentindia&utm_id=Krati

3) What all regions or countries are covered? Can we have a list of countries of my choice?
Currently, the basic version research report focuses on regions such as North America, Europe, Asia-Pacific etc. The list of countries can be customized as per your interest and final confirmation would be dependent upon the feasibility test and data availability in the research repository.

4) How can we include Segmentation / Market breakdown of Business Interest? Is it possible to get information on Market Makers
Yes, the inclusion of additional segments is very much possible subject to data availability and the difficulty of the survey. At times our client requests market makers’ information that can be covered on special request after considering requirements with the Analyst group of HTF MI.

** Depending upon the requirement the deliverable time and quote will vary.

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐…๐ฎ๐ฅ๐ฅ ๐’๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒย ๐Ÿ‘‰ https://www.htfmarketreport.com/reports/4203334-global-gps-market-size-outlook-and-forecast-2022-2029

Actual Numbers & In-Depth Risk & Return Analysis of GPS Market with Opportunities Available in Final Report.

 

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like Complete America, LATAM, Europe, Nordic regions, Oceania or Southeast Asia, or Just Eastern Asia.

 

About Author:
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