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(Hosting-NewsWire.com, October 11, 2018 ) Global GPS and GNSS Receivers in Aviation Market Analysis
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According to Verified Market Intelligence, The Global GPS and GNSS Receivers in Aviation Market was valued at USD 5.41 billion in 2017 and is projected to reach USD 10.73 billion by 2025, growing at a CAGR of 9.1% from 2018 to 2025.
What is GPS and GNSS Receivers?
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
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GNSS is a satellite based network responsible for the satellite positioning. GNSS stands for Global Navigation Satellite System. Global Positioning system (GPS) is an application of GNSS used to track the positioning of a continuously moving entity and it was first developed for military personals. GNSS and GPS receivers are now widely used in both military and civil. Its role in aviation market is to continuously track and study the positioning of aircrafts with low power consumption and more efficient and precise information. GNSS and GPS receivers are primarily used in air navigation, sea vessels and industrial machinery. Thus, these factors contributes in the growth of GPS and GNSS receivers in aviation market.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global GPS and GNSS Receivers in Aviation Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global GPS and GNSS Receivers in Aviation Market Outlook
Growing demands of GNSS and GPS receivers in military and civilian aircrafts along with rapid advancement in technical features of GNSS and GPS amplification has been driving the global GPS and GNSS receivers in aviation market. However, increased satellite dependency might hamper the overall market at a global level.
Global GPS and GNSS Receivers in Aviation Market Competitive Landscape
The “Global GPS and GNSS Receivers in Aviation Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Qualcomm, Broadcom, Garmin, Trimble, Geo++, Novatel, Navcom Technology, Pulse Electronics and many more. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global GPS and GNSS Receivers in Aviation Market Segmentation, by Product
On the basis of product, Global GPS and GNSS Receivers in Aviation Market is classified into:
The market size of the wireless receivers segment dominated the market in 2017 and is expected to grow at the highest CAGR over the forecast period.
Global GPS and GNSS Receivers in Aviation Market Segmentation, by Application
On the basis of application, Global GPS and GNSS Receivers in Aviation Market is categorized into:
Military Aviation accounted for the majority share of the market in 2017 followed by civil aviation and is projected to grow at the highest CAGR over the forecast period.
Global GPS and GNSS Receivers in Aviation Market Geographic Scope
Rest of Europe
Rest of Asia Pacific
Rest of the World
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