Global (GPS) Global Positioning Systems Market, By Deployment (Standalone Trackers, Portable Navigation Devices, Automotive Telematics Systems, Consumer Devices, Others), Application (Road, Aviation, Marine, Location-Based Services, Surveying and Mapping, Others) – Industry Trends and Forecast to 2029.
Global (GPS) Global Positioning Systems Market Analysis and Size
The global positioning systems market has grown very quickly and largely in a few decades. This technology is employed in a wide range of civilian applications. Companies in the market could also take advantage of the growing demand for GPS in various industrial applications, which is likely to continue to grow at a rapid pace. Consequently, the global (GPS) global positioning systems market is projected show lucrative growth over forecasted timeline.
- Global (GPS) Global Positioning Systems Market was valued at USD 75.75 billion in 2021 and is expected to reach USD 302.57 billion by 2029, registering a CAGR of 8.30% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Global (GPS) Global Positioning Systems Market Definition
The Global Positioning System (GPS) is a space-based global navigation satellite system that gives accurate location and timing information in all-weather situations, anyplace on or near the Earth where four or more GPS satellites are visible. The GPS device establishes radio links with several satellites orbiting more than 12000 kilometers above the earth's surface to determine its precise geographical position. It is a widely used worldwide navigation satellite system that is situated in orbit. Many industries benefit from its capabilities, including aviation and maritime transportation and on-road and off-road applications in the mining industry. By accurately synchronizing the signals sent from each satellite to the receiver, GPS receivers can identify their position, speed, and direction.
Report Scope and Market Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2019 - 2014) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
By Deployment (Standalone Trackers, Portable Navigation Devices, Automotive Telematics Systems, Consumer Devices, Others), Application (Road, Aviation, Marine, Location-Based Services, Surveying and Mapping, Others) |
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Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa |
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Market Players Covered |
Calamp (U.S.), Orbocomm (U.S.), Qualcomm Technologies, Inc (U.S.), Sierra Wireless (Canada), Hexagon (Sweden), Queclink Wireless Solutions Co., Ltd. (China), Shenzhen Concox Information Technology Co. Ltd., (China), Laird (U.K), TomTom International BV (Netherlands), Meitrack Group (China), Teltonika (Lithuania), TomTom International BV. (Amsterdam), ATrack Technology Inc. (Taiwan), Verizon (U.S.), Trackimo (U.S.), and Geotab Inc. (Canada) |
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Market Opportunities |
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(GPS) Global Positioning Systems Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Surging Requirement Across the End Users
Growing usage of (GPS) global positioning systems for navigation is the primary driver for the market’s growth. Furthermore, the expanding smart transportation applications such as navigation, fleet management, satellite road traffic monitoring, and others are also projected to bolster the market growth over the anticipated period.
- Emergence Of Advanced Technologies
The advanced technologies such as IoT, 4G, and 5G, as well as big data, cloud computing, and advanced analytics tools, are likely to drive market expansion. Furthermore, enterprises can use these technologies to collect and analyze location-based data, which helps them improve the customer experience by providing customized services. As a result, market growth is expected to accelerate in the approaching years.
Furthermore, the increasing penetration of smartphones alongside rising GPS-enabled vehicles fuels the market growth. The billowing use of social media across developing countries along with the increasing industrial vehicle sales also acts as a market driver. Additionally, the high range of mergers and acquisitions between part makers and integrators area unit is estimated to bolster the market's overall growth.
Opportunities
- Increasing Demand for Iot and Cloud Technology
The increasing demand for IoT, big data, 4G and 5G and cloud technology are estimated to generate lucrative opportunities for the market, which will further expand the (GPS) global positioning systems market's growth rate in the future. Additionally, the growing demand for such technologically advanced products will also offer numerous growth opportunities.
Restraints/Challenges Global (GPS) Global Positioning Systems Market
- Network and Technological Issues
The lack of network infrastructure in underdeveloped areas and the accuracy of location are estimated to act as a market restraint. Global positioning systems are likely to face technological hurdles due to clock inaccuracies and satellite orbit movement.
- Stringent Licensing Regulations
Strict rules and regulations regarding licensing are also hampering the market's growth. The regulatory approval for licensing are projected to be challenge for the (GPS) global positioning systems market over the forecast period.
This (GPS) global positioning systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the (GPS) global positioning systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post Covid-19 Impact on (GPS) Global Positioning Systems Market
The (GPS) global positioning systems market was positively by the outbreak of COVID-19. There was massive growth in the demand for the digital technologies worldwide during the pandemic. The digital technologies such as GPS, Big Data, and AI are increasingly being used to track infected persons and monitor those in quarantine in order to stop the spread of the coronavirus. Furthermore, governments all across the world are creating mobile-based programs to track people as they travel within their own country.
For instance, the Indian government launched the AarogyaSetu app, which uses Bluetooth and GPS technologies. Similarly, the Irish government has established a tracker and contact tracing software to aid in tracking affected people and the control of the virus's spread. As a result, the GPS technology has immensely grown during the pandemic. The market is estimated to grow at a same pace post COVID-19.
Recent Developments
- In January 2021, Garmin® International and Garmin Services, both Garmin Ltd. divisions, announced the acquisition of GEOS Worldwide Limited and its subsidiaries in their entirety. The International Emergency Response Coordination Center (IERCC) is the nerve centre for SOS rescue attempts triggered by Garmin's inReach® personal satellite communicators. GEOS Worldwide is a privately held, industry leading provider of emergency monitoring and incident response services. Since 2007, the IERCC's trained response coordinators have handled more than 83,000 emergency occurrences around the world, including more than 5,000 SOS calls from Garmin customers
Global (GPS) Global Positioning Systems Market Scope
The (GPS) global positioning systems market is segmented on the basis of deployment and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Deployment
- Standalone Trackers
- Portable Navigation Devices
- Automotive Telematics Systems
- Consumer Devices
- Others
On the basis of deployment, the (GPS) global positioning systems market is segmented into standalone trackers, portable navigation devices, automotive telematics systems, consumer devices and others.
Application
- Road
- Aviation
- Marine
- Location-Based Services
- Surveying and Mapping
- Others
On the basis of application, the (GPS) global positioning systems market is segmented into road, aviation, marine, location-based services, surveying and mapping and others.
(GPS) Global Positioning Systems Market Regional Analysis/Insights
The (GPS) global positioning systems market is analyzed and market size insights and trends are provided by country, deployment and application as referenced above.
The countries covered in the (GPS) global positioning systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the (GPS) global positioning systems market because of an upswing in the demand for location-based services along with the availability of advanced automobiles within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the growing would like for anti-poaching patrols watching within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and (GPS) Global Positioning Systems Market Share Analysis
The (GPS) global positioning systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to (GPS) global positioning systems market.
Some of the major players operating in the (GPS) global positioning systems market are
- Calamp (U.S.)
- Orbocomm (U.S.)
- Qualcomm Technologies, Inc (U.S.)
- Sierra Wireless (Canada)
- Hexagon (Sweden)
- Queclink Wireless Solutions Co., Ltd. (China)
- Shenzhen Concox Information Technology Co. Ltd., (China)
- Laird (U.K)
- TomTom International BV (Netherlands)
- Meitrack Group (China)
- Teltonika (Lithuania)
- TomTom International BV. (Amsterdam)
- ATrack Technology Inc. (Taiwan)
- Verizon (U.S.)
- Trackimo (U.S.)
- Geotab Inc. (Canada)
Research Methodology : Global (GPS) Global Positioning Systems Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-gps-global-positioning-systems-market
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