According to the report, Need of in-built Equipped GPS is one of the primary growth factors for the market. Rising Number of Smart Phone Users
is also expected to contribute significantly to the GPS (Positioning System) market. Overall, Road
applications of GPS (Positioning System), and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The , such as , is boosting the GPS (Positioning System) market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global GPS (Positioning System) market identified that the demand is rising in many different parts of the world as "Emerging Demand from Economies". Furthermore, some recent industry insights like "On 19 Sept. 2018, Qualcomm Technologies, Inc., in association with a leading precise positioning service provider Qianxun Spatial Intelligence, Inc. and Quectel Wireless Solutions, have announced a comprehensive high-precision positioning global navigation satellite system (GNSS) solution for China’s automotive industry. and On 24 May 2018, Hexagon has declared the launch of new PIM7500 Global Navigation Satellite System (GNSS) receiver explicitly designed for autonomous automotive platform development and solutions. This single-sided receiver features a compact form factor that solders down directly for easy integration with electronic control modules and Artificial Intelligence (AI) development platforms." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global GPS (Positioning System) market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the GPS (Positioning System) market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.