Global Positioning Systems (GPS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018
Albany, NY -- (SBWIRE) -- 07/07/2016 -- During the 1970s, global positioning systems (GPS) found application only in military and defense purposes. It was post 1999 that GPS signals were released for civilian use. Boosted by the proliferation of wireless technologies, GPS applications successfully penetrated into construction, aerospace, farming, and transportation over the last decade.
A new report by Transparency Market Research (TMR), titled "Global Positioning Systems (GPS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018," provides a comprehensive overview of the global positioning systems market. It studies the various factors influencing the market's trajectory between 2012 and 2018. The impact of the prevailing regulatory framework and the latest government policies on the overall market dynamics has also been examined in the report in detail.
The implementation of GPS system has helped in improving safety and emergency response time across various industries. Apart from the aforementioned sectors, the recreational and fitness industry is also emerging as a lucrative application segment for global positioning systems (GPS). The increasing demand for wireless technologies and the rising popularity of location-based smartphones around the world are the key factors driving the global positioning systems market. The advent of novel technologies such as 3G have also had a positive impact on the prospects for GPS. 3G helps in resolving problems related to signal loss, which in turn has boosted the deployment of GPS worldwide.
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The global GPS market can be broadly classified on the basis of type, application, and geography. Based on type, the global GPS market can be segmented into marine, aviation, automotive, GPS cameras, and GPS enabled mobile phones. In terms of application the market can be categorized into navigation, traffic control, security, and position tracking. Regionally, the global positioning systems market can be classified into Asia Pacific, North America, Europe, and Asia Pacific.
The report presents a holistic analysis of the growth exhibited by the market across the key regional segments. Factors influencing demand for GPS in these regional markets have been evaluated in the report in detail. Apart from this, the report also presents insights into the factors encouraging and inhibiting the growth of the GPS market across the aforementioned regional segments.
To study the competition prevailing in the market, companies such as Avidyne Corporation, FEI-Zyfer, Garmin International, Johnson Outdoors, MiTAC International, ECT Industries, Furono Electronics, Hemisphere GPS, KVH Industries Inc, Novatel, and others have been profiled in the report. Using SWOT analysis, strengths and weaknesses of these companies are weighed out. The analysis also helps the report in identifying the opportunities and threats that these companies could face over the forecast period.
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TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.