GPS & GNSS Receivers Market Size, Share Global Analysis Report, 2019 – 2026

Industry Insights

[110+ Pages Report] According to the report published by Facts Factors, the global GPS & GNSS receivers market size was worth around USD 6,740.0 million in 2019 and is predicted to grow to around USD 13,090 million by 2026 with a compound annual growth rate (CAGR) of roughly 10% between 2020 and 2026. The report analyzes the global GPS & GNSS receivers market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the GPS & GNSS receivers market.

We have included industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the GPS & GNSS receivers market in our study.

The report encompasses the forecast as well as an analysis of the GPS & GNSS Receivers market on a global and regional level. The study displays historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million) and Sales Volume (K Units). Additionally, the market growth drivers, opportunities, limitations, and trends are also included in the GPS & GNSS Receivers market report.

Key Insights from Primary Research

• As per our primary respondents, the global GPS & GNSS Receivers is set to grow annually at a rate of around 10%
• It was established through primary research that the GPS & GNSS Receivers market was valued at around USD 6,740 Million in 2019
• As per the inputs from the primary respondents, Asia Pacific is presently holding the largest revenue share among all the regions and is further expected to maintain its position throughout the forecast period
• In 2019, the “internal” category, on the basis of product type segmentation, was the leading revenue-generating category accounting for around 70% share
• Further, primary respondents mentioned that, on the basis of application segmentation, the “location-based services” industry segment held the leading revenue share at more than 35%, in 2019

Key Recommendations from Analysts

• As per our analysts, the global GPS & GNSS Receivers market is expected to grow significantly over the forecast period at a CAGR of around 10%.
• The strategic and competitive advantage provided by the deployment of location-based devices to a country in defense-related matter is anticipated to be the key factor driving this market globally
• Our team of analysts has identified, automotive and location-based services as the two major segment generating revenue for the market
• As per our findings, the marine segment is projected to offer potential opportunities for the players operating in this market during the analysis period
• Heavy investment and R&D activities in the field of space research are also propelling the market growth in the forecast period  

Our study also includes an analysis of Porter&rsquo's Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis of players.

The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the GPS & GNSS Receivers market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the GPS & GNSS Receivers market.

The study provides a decisive view of the GPS & GNSS Receivers market by segmenting the market based on product type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Smart mobility, ADAS (Advanced driver-assistance systems), and the use of GPS systems in the military and defense sector as well as in the vast range of civilian applications are projected to trigger market growth during the analysis period. GPS systems are widely used in transportation systems, farming, defense, and the construction sector. However, strict government policies and licensing are some of the restraining factors for the global GPS and GNSS market.

Report Scope

The global GPS/GNSS receivers market is segmented on the basis of product type, application, and region. Internal and external are the segments included in the product type segment. The internal receiver segment is anticipated to hold the maximum share (in terms of both revenue and sales) of the product type segment for 2019 and is expected to be the fastest-growing segment in the analysis period. Further, the application segment is categorized into automotive, aviation, marine, location-based services, and others.

The automotive segment is the fastest-growing segment owing to its vast application in autonomous vehicles, smart mobility, and driverless cars. Major countries included in the scope of the research report are the U.S., Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Brazil, Argentina, GCC Countries, and South Africa among others.

Key players operating in the GPS & GNSS Receivers industry are

• Trimble
• Topcon
• JAVAD GNSS
• NavCom Technology
• Eos Positioning Systems
• NVS Technologies
• Suzhou FOIF
• Pulse Electronics
• CSR
• CHC Navigation
• SOUTH Surveying & Mapping Instrument Co. Ltd.
• ComNav Technology
• Hemisphere GNSS
• Hexagon AB
• Broadcom
• Mediatek
• Garmin

This report segments the GPS & GNSS Receivers market as follows:

Global GPS & GNSS Receivers Market: By Product Type Segment Analysis

• Internal
• External

Global GPS & GNSS Receivers Market: By Application Segment Analysis

• Automotive
• Aviation
• Marine
• Location-based Services
• Others

Global GPS & GNSS Receivers Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle-East Africa

Key Pointers Addressed by the Report

• Historical data and forecast analysis of the market
• Drivers and Restraints affecting market dynamics
• Exhaustive analysis of the future market trends
• Comprehensive information about the leading market segments and regions
• Potential opportunities for the players in the market
• Business strategies by the major players operating in the global market
• Strategic developments made by the competitive players and in-depth analysis of its impact on market growth