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The Global Gps Receiver Market Is Forecasted To Grow At A Cagr Of 15.78% During The Period 2017-2021LONDON, Nov. 7, 2017 /PRNewswire/ -- About GPS Receiver Global positioning system (GPS) is a satellite-based navigation system consisting of a network of 31 satellites that orbit the Earth. Twenty-four of them are currently operational and orbiting the earth, while seven are acting as backups in case one fails. The GPS was developed by the US military that implemented this satellite network for military navigation purposes but later opened it up for commercial use. These 3,000- to 4,000-pound solar-powered satellites circle the globe at speeds of nearly 12,000 miles/hour (19,300 km/hour), making two complete rotations every day. The arrangement of the orbits is such that at least four satellites are visible in the sky at any given point in time. Download the full report: https://www.reportbuyer.com/product/5166319 Technavio's analysts forecast the global GPS receiver market to grow at a CAGR of 15.78% during the period 2017-2021. Covered in this report The market is divided into the following segments ased on geography: • APAC • EMEA Technavio's report, Global GPS Receiver Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors Other prominent vendors Market driver Market challenge Market trend Key questions answered in this report Download the full report: https://www.reportbuyer.com/product/5166319 About Reportbuyer For more information: View original content:http://www.prnewswire.com/news-releases/the-global-gps-receiver-market-is-forecasted-to-grow-at-a-cagr-of-1578-during-the-period-2017-2021-300551529.html SOURCE ReportBuyer 
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