Global Navigation Satellite System Market to See One-Digit Growth, Expects Infiniti Research in New Report Available at MarketPublishers.com
24 Oct 2016 • by Natalie Aster
LONDON – Tablets and smartphones have been witnessing a considerable increase in the sales over the last couple of years. This trend is likely to stay completely unchanged in the years to come.
Ever-rising popularity of IoT forms the number one driver of the market for smartphones given the fact that IoT makes use of mobile apps being installed on smartphones and tablets in order to execute control over other devices.
Technological advances along with the adoption of the BYOD policy by some organizations are amongst other favorable factors.
Growth of the global market for navigation satellite systems (GNSS) is directly dependent on the growth in the tablet and smartphone marketplace. That is why the GNSS market will showcase certain growth in the upcoming years.
Emergence of the multimodal logistics will be one of the prominent trends in the GNSS space.
There are just few vendors in the global marketplace, and the competition between them is quite fierce. Qualcomm, STMicroelectronics as well as FURUNO are some of the vendors.
The global market is forecast to grow at a CAGR of slightly over 4% over the period 2016-2020.
New research report “Global Navigation Satellite System Market 2016-2020” worked out by Infiniti Research, a renowned research company, offers a comprehensive guide to the world’s GNSS marketplace. The study provides a bird’s eye view of the global space and gives estimation of its sizing. The five forces analysis of this marketplace is available in the report, too.
The research study explores the most prominent trends in the marketplace and limelights driving forces and challenges this space has. It delves deep into the competitive landscape and profiles top vendors. The report discusses strengths as well as weaknesses each of those players has. Future market outlook is also on hand in the research report.
More new studies by Infiniti Research can be found at our partner’s page.