The Asia Pacific GPS (Global Positioning System) Market would witness market growth of 22.5% CAGR during the forecast period (2019-2025). Global positioning systems are navigation systems focused on satellites that provide object location in real time. GPS is commonly used in a range of civil applications, such as road, rail, transportation, survey and mapping, heavy vehicle guidance, social and financial services. GPS transmitters use data to provide the object's precise location. In addition, in any weather condition, a GPS will work which makes it more flexible and reliable.
Due to the increasing deployment of GPS technology in smartphones, tablets, networking devices, IoT devices and connected vehicles, the location-based services and road segments are expected to contribute significant revenue on the global market during the forecast period. Growing mobile penetration and growing customer preference towards digital services such as online retail, cab services and door-to-door food are likely to fuel market growth over the forecast period. Increasing investments by large market players in developing countries like China, India, and Indonesia are also expected to boost overall adoption through partnerships with local suppliers. In the coming years, this will help the Asia Pacific market gain popularity.
Based on Deployment, the market is segmented into Consumer Devices, Automotive Telematics Systems, Standalone Trackers, Portable Navigation Devices and Others. Based on Application, the market is segmented into Location-Based Services, Road, Aviation, Marine, Surveying & Mapping and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
Free Valuable Insights: GPS (Global Positioning Systems) Market in Asia Pacific is expected to register a CAGR of 22.5% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include United Technologies Corporation (Rockwell Collins, Inc.), Hexagon AB, Qualcomm, Inc., Broadcom, Inc., Trimble, Inc., Garmin Ltd., KVH Industries, Inc., TomTom N.V., Geotab, Inc. and MiTAC Holdings Corporation.
Market Segmentation:
By Deployment
By Application
By Country
Companies Profiled
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