Global GPS Market 2024-2028
GPS Market 2024-2028
The gps market is forecasted to grow by USD 111.6 mn during 2023-2028, accelerating at a CAGR of 22.1% during the forecast period. The report on the gps market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing investment in satellite deployment, rise in demand for personal and enterprise navigation services, and growing investment in lte network.
Technavio's gps market is segmented as below:
By Application
- Logistics and transportation
- Construction and mining
- Others
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the growing demand for advanced gps devices as one of the prime reasons driving the gps market growth during the next few years. Also, government mandates regarding integration of gps tracking devices into vehicles and growing usage of digital map will lead to sizable demand in the market.
The report on the gps market covers the following areas:
- GPS Market sizing
- GPS Market forecast
- GPS Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gps market vendors that include Avidyne Corp., Broadcom Inc., FEI Zyfer Inc., Garmin Ltd., GPS Insight, Hexagon AB, JSC Teltonika, MiTAC Holdings Corp., Qualcomm Inc., Queclink Wireless Solutions Co. Ltd., RTX Corp., Sensata Technologies Inc., Shenzhen Concox Information Technology Co. Ltd., SquareGPS Inc., Stonex Srl, Texas Instruments Inc., TomTom NV, TOPFLYtech Co. Ltd., Trimble Inc., and UAB Ruptela. Also, the gps market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.