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) -- 04/21/2015 -- On the back of the growing applications across the various industries, GNSS market is exhibiting a tremendous growth from the past few years. GNSS has received worldwide acceptance with ongoing technological advances and a growing number of potential commercial and consumer applications. GNSS applications have drastically grown worldwide with increased use of the technology in the areas of fleet management, aerospace applications, transport navigational systems and public safety, among others.
According to our report, GNSS devices' manufacturing companies are looking for new business segments as the sales of individual PND devices is falling in most of the developed countries due to the availability of same features in smart-phones & other devices like tablets, watches etc. Various recreational & new products like fitness cycles, swimmer watches, helmet with built in navigation system etc. are coming up with GNSS-enabled technologies.
The report, "Global Navigation Satellite Systems Market Outlook 2020", 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.