Global GPS Market Research and Forecast, 2018-2023

Global GPS market, size, share, market intelligence, company profiles, market trends, growth, strategy, research and analysis report, forecast 2018-2023

The global positioning system (GPS) market is estimated to be growing at a significant rate during the forecast period. The key factors contributing to the growth of the global GPS market include increasing demand of GPS enabled devices, rising adoption of GPS technology in transportation and logistics, a growing number of a multifunctional mobile devices such as smartphone and tablet, and low cost and easy integration into other technologies such as IoT (Internet of Things). However, electronic data retention and privacy concerns serve as the barrier to the growth of the market. moreover, the increasing trend of location-based services and increasing collaboration among market players create a future opportunity for the growth of the market.

The global GPS market is segmented on the basis of type and application. Based on the type, the global GPS market is segmented into a covert GPS tracker, standalone GPS tracker, and others. Moreover, on the basis of application, the market is further diversified into transportation & logistics, government and defense, healthcare and others such as surveying in the construction industry. Furthermore, the market is analyzed on the basis of the geographical regions that are contributing significantly towards the growth of the market. North America is estimated to hold a dominant position in the global GPS market attributed to the increasing demand for GPS enabled devices and rising adoption of GPS technology in transportation and logistics. Further, the Asia-pacific region is projected to exhibit significant growth in the global GPS market during the forecast period. This is due to growing number of a multifunctional mobile device such as smartphone & tablet and low cost & easy integration into other technologies.

Some of the key players operating in the global GPS market include Google Inc., MiTAC International Corp., Garmin Ltd., Starcom Systems Ltd., and others. These players adopt a number of strategies such as partnership and collaboration, and merger and acquisition. The primary strategy adopted by the company is partnership and collaboration. The players adopt such strategies to sustain in the competitive market and enhance their market presence globally.

The report covers

• Comprehensive research methodology of the global GPS market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key                             recommendations.
• Analysis of regional regulations and other government policies impacting the global GPS market.
• Insights about market determinants which are stimulating the global GPS market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

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