Global GPS Market By Type Overview
The Global Positioning System is a US-owned utility that provides positioning, navigation, and timing services to users. Global Positioning system consists of three segments: space segment, control segment and user segment GPS is a positioning system based on a network of satellites that continuously transmits coded information. The information transmitted from the satellites means that the receivers can accurately determine the locations on the Earth by measuring the distance from the satellites. GPS is a satellite-based navigation system consisting of a network of 24 satellites sent into orbit by the United States Department of Defense. GPS was designed for military purposes but was made available to civilians by the government in the 1980s. Receivers can use the information sent by the satellites to accurately determine locations on Earth by measuring the distance from the satellites. Global Positioning System tracking devices are used to obtain accurate, real-time location-based information about an adult, child, vehicle, or other type of property owned by a person. Global positioning system is used in cell phones and wristwatches to bulldozers, shipping containers, and ATM's. Stringent regulatory policies fueling licensing concerns are projected to hamper the growth of the global GPS market. However, it can be said that the adoption of 4G and other high-speed mobile data technologies is driving GPS demand worldwide. Global Positioning System Market size accounted for US$ 41.25 billion in 2020 and is estimated to be US$ 122.69 million by 2030 and is anticipated to register a CAGR of 11.5%.
Global GPS Market By Type Dynamics
Increasing need for cloud and IoT technologies
The growing need for cloud and IoT technologies will drive the market growth during the forecast period. For tracking, GPS tracking devices are used in various industries including healthcare, automotive and more. GPS tracking devices are available in sizes smaller than smartphones and are expected to get even smaller in the near future, the needs of GPS for monitoring has risen at a rapid rate in recent years. Global positioning system devices may provide a poor user experience due to poor GPS tracking device quality, including low performance GPS receiver antennas and poor positioning algorithms; and may interfere with the performance of GPS tracking devices. Despite the great benefits associated with the adoption of GPS tracking devices, poor user experience due to non-standard products and the impact of environmental factors act as restraints to the growth of the GPS tracking device market.
Technological advancement
Global positioning system technology is mainly used in consumer devices such as smartphones and tablets. These technology is also used in other devices such as automotive telematics systems, portable navigation systems and standalone trackers, Smartphone plays an important role in daily life. The technological revolution helps manufacturers to introduce a various type of smartphones at lower prices. Advances in technology and various software applications allow smartphone users to access global positioning system signals to track vehicles, with recent technological advances, it is possible to develop thumbnail-sized GPS receivers and small batteries, develop the GPS tracking units a long-lasting application. The inbuilt non-rechargeable battery in a global positioning system tracker has an average lifespan of 3-4 years; these help in smooth functioning. Enterprises or individuals using global positioning system tracking devices will experience a higher return on investment, with a shorter payback period. Advanced GPS tracker provides various valuable information related to vehicle engine diagnostics, temperature control and others these devices is used in monitor vehicles from a remote location.
Global GPS Market By Type Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The Global positioning market is segmented based on type, application, and region.
On the basis of type, Global GPS Market is segmented into Automotive Systems, GPS-Enabled Mobile Phones, Aviation Systems, Marine Systems, and GPS Cameras. On the basis of Application, Global GPS Market is segmented into Traffic Control, Security, Navigation, and Position Tracking.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Global GPS Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as India and China, and technological advancements. Moreover, rising presence of industrial corridor is anticipated to increase demand for Global GPS Market in the region. During the forecast period 2018-2026, North America is projected to lead the international GPS market. In recent times, the region has already demonstrated its dominance in the market, mainly due to the demand for top-end navigation and increasing use of advanced technology. More or less, the same growth factors are projected to work in favor of the regional market for the next few years.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2030 |
|
Market representation |
Revenue in USD Bllion & CAGR from 2020 to 2030 |
|
Market Segmentation |
By Type - Automotive Systems, GPS-Enabled Mobile Phones, Aviation Systems, Marine Systems, and GPS Cameras By Application - Traffic Control, Security, Navigation, and Position Tracking
|
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global GPS Market report based on Type, Application and Region:
Global GPS Market by Type:
-
-
- Automotive Systems
- GPS-Enabled Mobile Phones
- Aviation Systems
- Marine Systems
- GPS Cameras
-
Global GPS Market by Application:
-
-
- Traffic Control
- Security
- Navigation
- Position Tracking
-
Global GPS Market by Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Global GPS Market By Type Key Players
The key players operating the Global GPS Market includes Orolia SA, Furono Electronics, Polar Electro Oy, ECT Industries, Avidyne Corporation, Raytheon Company, FEI-Zyfer, Garmin International, MiTAC International, and Topcon. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, In June 2022, Topcon launches GNSS network correction service in Finland, The new network offers users a full-constellation service, which uses all four GNSS satellite systems for greater accuracy and reliability. These include the Beidou and Galileo systems as well as the standard GLONASS and GPS.
Global GPS Market By Type Company Profile
- Orolia SA*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Furono Electronics
- Polar Electro Oy
- ECT Industries
- Avidyne Corporation
- Raytheon Company
- FEI-Zyfer
- Garmin International
- MiTAC International
- Topcon
“*” marked represents similar segmentation in other categories in the respective section
Global GPS Market By Type Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- PORTER’s
- Investment Outlook
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for GPS Strategies
- Key Questions this Study will Answer
-
Global GPS market by type:
- Automotive Systems
- GPS-Enabled Mobile Phones
- Aviation Systems
- Marine Systems
- GPS Cameras
Global GPS market by application:
- Traffic Control
- Security
- Navigation
- Position Tracking
Global GPS market by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Regional Analysis
- Regional Revenue Analysis
- Regional By segment Analysis
- Reasons for regional growth
- Key Player of particular region
- Countries Include in the report:
-
-
- North America (U.S., Canada)
- Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
- Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)
-
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Competitive Overview
- Competitive Benchmarking
- Market Share Analysis
- Key Developments In The Global GPS Market
- Key Developments: Mergers & Acquisitions
- Key Developments: Collaboration
- Key Developments: Contracts & Agreements
- Key Developments: Expansion
- Key Developments: Product Developments
- Company Profiles
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SWOT Analysis
-
- Orolia SA
- Furono Electronics
- Polar Electro Oy
- ECT Industries
- Avidyne Corporation
- Raytheon Company
- FEI-Zyfer
- Garmin International
- MiTAC International
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global GPS Market report segments the market on the basis of type, application, and region.
The market for GPS (Global Positioning System) tracking devices is expanding due to a rise in the acceptance of superior technology across a variety of industries. The increasing use of e-hailing services around the world is expected to drive up demand for GPS-enabled smartphones.
Europe dominates the GPS tracking device market due to the rise in the need for GPS tracking devices.
The leading players operating in the Global GPS Market includes Orolia SA, Furono Electronics, Polar Electro Oy, ECT Industries, Avidyne Corporation, Raytheon Company, FEI-Zyfer, Garmin International and MiTAC International.