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GPS Receiver Market - Segmentation Analysis and Forecast by TechnavioThe GPS receiver market is expected to grow at an impressive CAGR of almost 16% during the forecast period, according to Technavio's latest market research. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171026005920/en/ 
Technavio has published a new report on the global GPS receiver market from 2017-2021. (Graphic: Business Wire) In this market research report, Technavio covers the market outlook and growth prospects of the GPS receiver market for 2017-2021. The market is further categorized into five application segments that include automobiles, aviation, industrial machinery, maritime, and LBS. Technavio's research analysts segment the GPS receiver market into the following regions:
Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. APAC: largest GPS receiver market In 2016, APAC held the largest share in the global positioning system receiver market among all the regions and accounted for over 42% of the global revenues. Furthermore, this region is expected to showcase the fastest growth during the forecast period. Japan, China, India, and South Korea are the four countries that are expected to dominate all GPS applications in APAC. Japan and South Korea are expected to reach their potential faster than the other countries because of the high use of smartphones for e-mailing, navigation, streaming, and gaming. "In Japan, th internal market is served by a GPS-based augmented system like MTSAT Satellite Augmentation System. In the future, it is forecasted to be led by Quasi-Zenith satellite system, which is a group of seven satellites that is expected to be launched in orbit by 2020. India's ground-based GPS augmentation system that is the GPS-Aided GEO Augmented Navigation system, focuses on domestic demand in the country," says Jujhar Singh, a lead embedded systems research expert from Technavio. This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. GPS receiver market in the Americas The Americas accounted for around 31% of global revenues in 2016 and occupied the second-largest share in the market. It is expected to see a steady growth during the forecast period. Smartphones significantly outnumber other LBS devices in terms of shipments. Thus, smartphones present a great opportunity for app developers to realize economies of scale owing to so many units. The revenues of GPS systems are expected to grow swiftly because of the growing context-aware smartphone app market. Personal tracking devices witnessed the highest growth rate across all LBS categories due to the reducing prices of devices and growing consumer awareness. "Personal locator beams have become very popular in North America, and the increasingly higher consumption of GPS in PLBs is contributing to the increasing GPS receiver shipments. Within the aviation segment, North American organizations dominate the manufacture of aircraft and lead the way in terms of research and development and regulatory improvement," says Jujhar. GPS receiver market in EMEA EMEA accounted for around 27%, thus contributing to the least share in the global revenues in 2016. In components manufacturing for automobile, surveying, and maritime applications, European vendors of GPS receivers are strong performers. In the development of value-added GPS applications, Europe is a strong performer and is driven by a few large companies and a plethora of innovative SMEs and start-ups that are GPS manufacturers. Relative revenue growth of European firms is one of the factors that will be responsible for the fluctuating performance of Europe during the forecast period. The top vendors in the GPS receiver market as highlighted in this market research analysis are: Browse Related Reports:
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