Noida, UP -- (SBWire) -- 11/10/2014 --GNSS applications have grown drastically on the globe with increased use of the technology in the areas of fleet management, aerospace applications, transport navigational systems and public safety. On regional front, the Asia region is likely to witness strong growth in the GNSS market as countries in the region such as Japan, China, India etc. are performing fairly well in the market. Also, these countries are focusing on deploying their own GNSS systems to make themselves independent from US GPS system.
According to our report “GNSS Market Outlook 2020”, global GNSS market is exhibiting a tremendous growth on the back of ongoing technological advances and rising number of potential commercial and consumer applications. Moreover, with increasing availability of GNSS enabled devices and their continuously declining prices, the GNSS market growth is likely to be on fast track. With this, the GNSS market is anticipated to grow at a CAGR of more than 9% during 2014-2020.
The report provides a comprehensive analysis and an unbiased view into the state of the global GNSS industry, including the current and future market size for various industry segments. Our report features GNSS market for various application areas such as such as location based services, transportation, surveying and agriculture. Further, the report covers 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.
Besides that, it also delves into the competitive landscape covering business overview, key financials, product analysis and strength & weakness analysis of major GNSS players worldwide. In addition to that, the report also delves into different trends and driver which are boosting industry growth along with the potential growth areas. Overall, the report will facilitate clients in analyzing the driving forces and understand the existing opportunities in the industry.
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GNSS Market in Asia Region Exhibiting Tremendous Growth
The global GNSS market is expected to grow at a CAGR of more than 9% during 2014-2020, says RNCOS in its latest research report.