Market Overview:
The global GPS market is expected to grow from USD 9.02 billion in 2018 to USD 16.53 billion by 2030, at a CAGR of 7.0% during the forecast period. The growth of the market can be attributed to the increasing demand for GPS-enabled mobile phones and automotive systems, rising adoption of GPS technology in security and navigation applications, and growing demand for position tracking across various industries.
Product Definition:
GPS is a technology that enables users to determine their location and track movements in real-time. It consists of a network of satellites that orbit the Earth and receivers that use triangulation to calculate a user's position. The importance of GPS lies in its ability to provide navigation capabilities, as well as real-time tracking for military, commercial, and civilian purposes.
Automotive Systems:
Automotive systems is a set of electronic components that are used in automobiles for the purpose of propulsion, safety, comfort, and security. The automotive system includes GPS as one of its major applications.
GPS technology has evolved over the years and has become an essential part of automobile navigation devices along with entertainment systems and mapping applications.
GPS-Enabled Mobile Phones:
GPS-enabled mobile phones are those phones which can receive information from Global Positioning System (GPS) satellites. The GPS technology was initially designed for use in the military and is now used by a large number of applications including navigation, fleet tracking, location-based services, and satellite monitoring among others. The global positioning system has been witnessing an unprecedented demand owing to its application in mobile phones as well as other devices such as tablets and laptops among others.
Application Insights:
The navigation segment dominated the global GPS market, accounting for over 40% of the revenue share in 2017. The growth can be attributed to increasing demand for automotive and aviation navigation systems. Increasing use of smartphones has also been contributing significantly to the overall market growth. Navigation is one of the key applications that allows users to find their way from one place to another with ease while avoiding traffic jams or getting lost on route. Moreover, it helps drivers find more efficient routes by providing alternative shorter routes between destinations, which is likely to fuel further demand over next few years.
Traffic control application is expected register significant gains owing to its growing adoption across a variety of industries including transportation & logistics and construction among others where precise positioning technology provides accurate information regarding vehicle locations.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016. The growth can be attributed to the presence of key companies such as Garmin Ltd., Trimble Navigation Ltd., and Telesensors Inc. In addition, increasing demand for high-precision GPS systems by industries such as mining, construction, and automotive is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing adoption of smartphones with integrated Global Positioning System (GPS) units by users worldwide. Furthermore, growing popularity of navigation devices used for traveling across cities among users worldwide is also expected boost regional product demand in near future.
Growth Factors:
- Increasing demand for location-based services (LBS) from various verticals such as automotive, logistics, retail, and travel & tourism.
- Proliferation of smartphones and other connected devices with GPS capabilities.
- Development of innovative applications that make use of GPS technology for various purposes such as navigation, tracking, fleet management, etc.
- Growing demand for precision agriculture and land management solutions enabled by GPS technology.
Scope Of The Report
Report Attributes
Report Details
Report Title
GPS Market Research Report
By Type
Automotive Systems, GPS-Enabled Mobile Phones, Aviation Systems, Marine Systems, GPS cameras
By Application
Traffic Control, Security, Navigation, Position Tracking
By Companies
Orolia, Furono Electronics, Polar Electro Oy, ECT Industries, Avidyne Corporation, Raytheon Company, FEI-Zyfer, Garmin International, MiTAC Internationa, Novatel, SiRF Technology, KVH Industries, Navico, Trimble, Rockwell Collins, Hemisphere GPS, TomTom NV, Johnson Outdoors, Symmetricom
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global GPS Market Report Segments:
The global GPS market is segmented on the basis of:
Types
Automotive Systems, GPS-Enabled Mobile Phones, Aviation Systems, Marine Systems, GPS cameras
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Traffic Control, Security, Navigation, Position Tracking
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Orolia
- Furono Electronics
- Polar Electro Oy
- ECT Industries
- Avidyne Corporation
- Raytheon Company
- FEI-Zyfer
- Garmin International
- MiTAC Internationa
- Novatel
- SiRF Technology
- KVH Industries
- Navico
- Trimble
- Rockwell Collins
- Hemisphere GPS
- TomTom NV
- Johnson Outdoors
- Symmetricom
Highlights of The GPS Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automotive Systems
- GPS-Enabled Mobile Phones
- Aviation Systems
- Marine Systems
- GPS cameras
- By Application:
- Traffic Control
- Security
- Navigation
- Position Tracking
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the GPS Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
GPS is a navigation system that uses satellites to provide location and time information.
Some of the key players operating in the gps market are Orolia, Furono Electronics, Polar Electro Oy, ECT Industries, Avidyne Corporation, Raytheon Company, FEI-Zyfer, Garmin International, MiTAC Internationa, Novatel, SiRF Technology, KVH Industries, Navico, Trimble, Rockwell Collins, Hemisphere GPS, TomTom NV, Johnson Outdoors, Symmetricom.
The gps market is expected to grow at a compound annual growth rate of 7%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 GPS Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 GPS Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 GPS Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the GPS Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global GPS Market Size & Forecast, 2020-2028
4.5.1 GPS Market Size and Y-o-Y Growth
4.5.2 GPS Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Automotive Systems
5.2.2 GPS-Enabled Mobile Phones
5.2.3 Aviation Systems
5.2.4 Marine Systems
5.2.5 GPS cameras
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Traffic Control
6.2.2 Security
6.2.3 Navigation
6.2.4 Position Tracking
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global GPS Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 GPS Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Automotive Systems
9.6.2 GPS-Enabled Mobile Phones
9.6.3 Aviation Systems
9.6.4 Marine Systems
9.6.5 GPS cameras
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Traffic Control
9.10.2 Security
9.10.3 Navigation
9.10.4 Position Tracking
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Automotive Systems
10.6.2 GPS-Enabled Mobile Phones
10.6.3 Aviation Systems
10.6.4 Marine Systems
10.6.5 GPS cameras
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Traffic Control
10.10.2 Security
10.10.3 Navigation
10.10.4 Position Tracking
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Automotive Systems
11.6.2 GPS-Enabled Mobile Phones
11.6.3 Aviation Systems
11.6.4 Marine Systems
11.6.5 GPS cameras
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Traffic Control
11.10.2 Security
11.10.3 Navigation
11.10.4 Position Tracking
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Automotive Systems
12.6.2 GPS-Enabled Mobile Phones
12.6.3 Aviation Systems
12.6.4 Marine Systems
12.6.5 GPS cameras
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Traffic Control
12.10.2 Security
12.10.3 Navigation
12.10.4 Position Tracking
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Automotive Systems
13.6.2 GPS-Enabled Mobile Phones
13.6.3 Aviation Systems
13.6.4 Marine Systems
13.6.5 GPS cameras
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Traffic Control
13.10.2 Security
13.10.3 Navigation
13.10.4 Position Tracking
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 GPS Market: Competitive Dashboard
14.2 Global GPS Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Orolia
14.3.2 Furono Electronics
14.3.3 Polar Electro Oy
14.3.4 ECT Industries
14.3.5 Avidyne Corporation
14.3.6 Raytheon Company
14.3.7 FEI-Zyfer
14.3.8 Garmin International
14.3.9 MiTAC Internationa
14.3.10 Novatel
14.3.11 SiRF Technology
14.3.12 KVH Industries
14.3.13 Navico
14.3.14 Trimble
14.3.15 Rockwell Collins
14.3.16 Hemisphere GPS
14.3.17 TomTom NV
14.3.18 Johnson Outdoors
14.3.19 Symmetricom
