DUBLIN--(BUSINESS WIRE)--The "Global GPS Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.
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, owing to easy integration and low cost of other technologies including IoT (Internet of Things) these factors are contributing to the GPS market growth. These devices are also used in automotive telemetries systems, portable navigation systems, and others.
The GPS is segmented on the basis of type and application. Based on type, the market is segmented into a covert GPS tracker, standalone GPS trackers, and others.
Furthermore, based on application, the market is sub-classified into transportation & logistics, government and defense, healthcare, and others. Among, the application segment, the healthcare sub-segment is attributed to be the fastest growing owing to the GPS being more in demand by this industry owing to it are used in various devices such as remote patient monitoring, surgically implanted devices, and also healthcare mobile application. The increasing demand by healthcare providers and the adoption of new technology is witnessing the fastest growth in the market.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is dominating the market owing to an increase in the adoption of GPS technology in the transportation and logistics and healthcare segment. Moreover, high military expenditure penetration by governments and regulatory bodies in the region and increasing penetration of mobile devices are factors attributed to the increase in the demand for the GPS market.
Furthermore, various key players in the region are investing heavily in the development of technology-based products and partnering with others to be competitive in the region. In April 2021, General Motors launched a new in-vehicle navigation system Maps+, which is an upgrade from GM's OnStar turn-by-turn navigation tool, and 900,000 vehicles can leverage it.
The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2021, Garmin launched new handheld devices with the Indian Space Research Organization's Navigation with Indian Constellation (NavIC).
The two devices GPSMAP 66sr and GPSMAP 65s that is designed for aviation, marine, fitness, outdoor recreation, tracking, mobile apps, and others. GPSMAP 66sr has specialized features with night vision goggles. GPSMAP 65s, navigation satellite system (GNSS) handheld with sensors for elevation data, barometer to monitor the weather.
The Report Covers
- Comprehensive research methodology of the global GPS market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global GPS market.
- Insights about market determinants that are stimulating the global GPS market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Key Topics Covered:
1. Report Summary
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
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
4.1.3. Others
4.2. Global GPS Market by Application
4.2.1. Transportation & Logistics
4.2.2. Government and Defense
4.2.3. Healthcare
4.2.4. Others (Construction)
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
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 Telemetrics 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.
For more information about this report visit https://www.researchandmarkets.com/r/rlerv9
