Noida, UP -- (SBWire) -- 06/25/2015 --GNSS technology has broadly advanced science and society's ability to pinpoint smallest information, from driving directions to tracking ground motions. Although GNSS positioning is accurate in many different settings, indoor positioning remains both elusive and a very active area of current research. New services such as GPS L5 or Galileo E5 may provide a quantum leap in indoor positioning accuracy over earlier signal designs.
According to our report, measuring position has been a dramatic success for outdoor navigation systems, and there is a strong push to repeat that indoors. Being able to locate a person inside a building can help in many different ways, from finding the right office in a tower block to locating a required department or even a specific product in a shop, or providing highly targeted deals as you walk around the supermarket. Nowadays a lot of companies are launching products for indoor positioning due to the recurring difficulties encountered by GNSS signals in such environments. With location industry consolidation, several companies are looking at established players to grow niche markets. On the back of all this the global GNSS market is growing at a CAGR of around 9% during 2015-2020.
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.
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Growth Is Anticipated for GNSS in Indoor Positioning
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.