GPS Receiver Market 2017 Growth, Opportunities, Analysis and Forecast to 2021

(IT-NEWSWIRE.COM, February 14, 2018 ) Global positioning system (GPS) is a satellite-based navigation system consisting of a network of 31 satellites that orbit the Earth. Twenty-four of them are currently operational and orbiting the earth, while seven are acting as backups in case one fails. The GPS was developed by the US military that implemented this satellite network for military navigation purposes but later opened it up for commercial use. These 3,000-to 4,000-pound solar-powered satellites circle the globe at speeds of nearly 12,000 miles/hour (19,300 km/hour), making two complete rotations every day. The arrangement of the orbits is such that at least four satellites are visible in the sky at any given point in time.

Publisher's analysts forecast the global GPS receiver market to grow at a CAGR of 15.78% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the global GPS receiver market for 2017-2021. To calculate the market size, the report considers the sales of GPS receiver in various applications such as automobiles, LBS, aviation, industrial machinery, and maritime.

The market is divided into the following segments based on geography:
-Americas
-APAC
-EMEA

Publisher's report, Global GPS Receiver Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
-Broadcom
-STMicroelectronics
-u-blox

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Other prominent vendors
-Esterline Technologies
-FURUNO ELECTRIC
-Honeywell International
-Japan Radio
-Maxim Integrated
-MediaTek
-Qualcomm
-Rockwell Collins
-Telecom Design
-Leadtek Research
-Wi2Wi
Market driver
-Use of GPS receivers in mHealth
-For a full, detailed list, view our report

Market challenge
-High cost of GPS receivers for industrial use
-For a full, detailed list, view our report

Market trend
-Advent of autonomous driving
-For a full, detailed list, view our report

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GPS Receiver Market 2017 Growth, Opportunities, Analysis and Forecast to 2021