Global GNSS Market Exhibiting Remarkable Growth

The global GNSS market is expected to grow at a CAGR of more than 9% during 2015-2020, says RNCOS in its latest research report.


Noida, UP -- (SBWIRE) -- 04/17/2015 -- Global Navigation Satellite System (GNSS) market is growing immensely largely driven by growing application area across various industries such as construction, agriculture etc. Over the coming years, the number of GNSS devices will increase due to the increased penetration in regions outside Europe and North America. Further, Worldwide regulatory measures are being undertaken in several areas to promote the use of GNSS. For instance, regulatory requirements for emergency location sharing, such as the European eCall, the mobile 911 (North America) and 112 (Europe), or Search and Rescue (SAR) services, promise to provide further drive the growth in Europe and North America over the next few years. As per our research, the GNSS market is expected to flourish with new technological applications and is anticipated to grow at a CAGR of more than 9% during 2015-2020.

Research Analysis & Highlights

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.

Some of the key findings of the report are:

- Growth is Anticipated for GNSS in Indoor Positioning
- New GNSS Integrated Products: A Burgeoning Market Opportunity
- GNSS Jamming, Emerging as a Global Concern
- Rail Navigation: Untapped Area for GNSS Growth

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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.