DUBLIN–(BUSINESS WIRE)–Added Global GPS Market 2022-2028 report ResearchAndMarkets.com Offer.
The global GPS market is anticipated to grow at a substantial CAGR of 10% during the forecast period.
An increasing number of multifunctional devices such as smartphones, laptops and tablets are contributing to the growth of the GPS market due to the easy integration and low cost of other technologies including IoT (Internet of Things). These devices are also used in automotive telemetry systems, portable navigation systems, and others.
The GPS is segmented by type and application. Based on the type, the market is segmented into covert GPS tracker, standalone GPS tracker and others.
Further, the market is further segmented into Transportation & Logistics, Government & Defense, Healthcare, and Others based on application. Among the application segments, the healthcare sub-segment is considered to be the fastest growing as GPS is more demanded in this industry as it is used in various devices like remote patient monitoring, surgically implanted devices and also healthcare mobile application. Increasing demand from healthcare providers and the introduction of new technologies are witnessing the fastest growth in the market.
Geographically, the market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America dominates the market due to the increasing adoption of GPS technology in the transportation & logistics and healthcare segments. Additionally, the high penetration of military spending by governments and regulators in the region and increasing penetration of mobile devices are factors attributed to rising demand for the GPS market.
In addition, various key players in the region are investing heavily in the development of technology-based products and entering into partnerships with others to be competitive in the region. In April 2021, General Motors released a new Maps+ in-vehicle navigation system, which is an upgrade of GM’s OnStar turn-by-turn navigation tool and can be used by 900,000 vehicles.
Market players contribute significantly to the market growth by adopting various strategies including mergers and acquisitions, partnerships, collaborations, financing, and new product launches to stay competitive in the market. For example, in July 2021, Garmin released new handheld devices with the Indian Space Research Organization’s Navigation with Indian Constellation (NavIC).
The two devices GPSMAP 66sr and GPSMAP 65s designed for aviation, marine, fitness, outdoor recreation, tracking, mobile apps and others. GPSMAP 66sr has special features with night vision goggles. GPSMAP 65s, handheld navigation satellite system (GNSS) with sensors for elevation data, barometer for weather monitoring.
The report covers
Comprehensive research methodology of the global GPS market.
This report also includes a detailed and comprehensive market overview with key analyst insights.
A comprehensive analysis of the macro and micro factors affecting the market, guided by key recommendations.
Analysis of regional regulations and other government policies affecting the global GPS market.
Insights into market determinants stimulating the global GPS market.
Detailed and extensive market segments with regional distribution of the forecast sales.
Extensive profiles and current developments of market participants.
Main topics covered:
1. Summary of the report
2. Market overview and insights
2.1. scope of the report
2.2. Analyst insights and current market trends
2.2.1. Important Findings
3. Competitive landscape
3.1. Key Company Analysis
3.1.2. financial analysis
3.1.3. SWOT analysis
3.1.4. Recent Developments
3.2. key strategy analysis
3.3. Impact of Covid-19 on key players
4. Market Segmentation
4.1. Global GPS Market by Type
4.1.1. Covert GPS tracker
4.1.2. Standalone GPS tracker
4.2. Global GPS Market by Application
4.2.1. Transportation & Logistics
4.2.2. government and defense
4.2.4. Other (construction)
5. Regional Analysis
5.1. North America
5.2.1. United Kingdom
5.2.6. rest of Europe
5.3. Asia Pacific
5.3.4. South Korea
5.3.5. Rest of Asia Pacific
5.4. rest of the world
6. Company Profiles
6.1. AC Global Systems
6.2. Actsoft, Inc.
6.3. AirIQ, Inc.
6.4. APEX PROTECT GPS, LLC
6.5. ATrack Technology, Inc.
6.6. Avidyne Corp.
6.7. Boston Global Tracking
6.8. CalAmp Wireless Networks Corp
6.9. Casa Global Sdn. Bhd.
6.10. ClearPathGPS, Inc.
6.11. FURUNO ELECTRIC CO., LTD.
6.12. Garmin Ltd.
6.13. Global Telemetry Ltd.
6.14. Global Tracking Group, LLC.
6.15. Google Inc.
6.16. Hemisphere GNSS, Inc.
6.17. Johnson Outdoors, Inc.
6.18. KVH Industries, Inc.
6.19. Maestro Wireless Solutions Ltd.
6.20. Meitrack Group
6.21. MiTAC Holdings Corp.
6.22. Hexagon autonomy and positioning
6.23. Queclink Wireless Solutions Co., Ltd.
6.24. roadpoint ltd
6.25. Rock Seven Mobile Services Ltd.
6.26. Sierra Wireless, Inc.
6.27. Starcom Systems Ltd.
6.28. Trimble, Inc.
6.29. V Zone International LLC
6.30. Xirgo Technologies, Inc.
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