The global rail navigation market is anticipated to grow briskly at CAGR of around 34% during 2015-2020, says RNCOS.
Noida, UP -- (SBWIRE) -- 09/08/2015 -- GNSS, which was initially born as a military initiative has now become a technology, used in a wider sector catering to various needs and requirements, such as in vehicle navigation, fleet management, asset tracking, surveying/mapping, public safety, aeronautical, aviation, marine, and consumer GNSS markets. Its market has witnessed colossal growth during the last decade backed by growing competition among countries for regional navigation systems.
According to our report, Railways are a mode of transport commonly used by people in industrial and public transportation. In transportation industry reliability, availability, maintainability, and safety are the key factors. Considering several parameters, such as transferring huge amount of goods and passengers with a high level of security and saving of fuel as well as less environmental impacts have been creating a huge demand for GNSS technology implementation in railways. But now, with growing application of GNSS technology for safer rail transportation, global rail navigation market is anticipated to grow briskly at CAGR of around 34% during 2015-2020.
The report, "Global Navigation Satellite Systems Market Outlook 2020", spread over 135 pages, covers comprehensive research and thorough analysis of the GNSS market across the globe. The report provides a critical analysis and an unbiased view into the state of the global GNSS industry, including the current and future market size for various industry segments. The report features GNSS market for various application areas such as location based services, transportation, surveying and agriculture.
Further, the report analyzes global GNSS industry performance on geographical front. The research includes an in-depth country level analysis of major GNSS markets viz. US, Canada, UK, France, Germany, Russia, Japan, China, South Korea and India. This section deals with the study of current market scenario and future market outlook of the above country's navigation markets.
Additionally, the report also talks about different trends and driver, boosting industry growth along with the potential growth areas. Furthermore, the report also provides profound knowledge of opportunities in the industry for different companies in the chapter opportunity assessment. Also, our study also delves into the competitive landscape covering business overview, key financials, product analysis and strength & weakness analysis of major GNSS players worldwide. Overall, the report will facilitate clients in analyzing the driving forces and understand the existing opportunities in the industry.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.