The global positioning system (GPS) equipment market be made up of sales of global positioning systems apparatus and related services for formative the ground position of an object during GPS satellites. GPS is a satellite navigation system which transmits specific signals that permits GPS equipment to decode and amount the exact position of the satellite.
According to the study, ‘GPS
Equipment Global Market Report 2020-30: Covid 19 Impact and Recovery’
definite that there are quite an heap of key players that at this section
active additional with accomplishment for sticking out the leading operative
enlargement of the market and attaining the ingenious competitive edge all the
same acceptive the innovative profitable ways at intermissions throughout the
course of that and guidelines like joint ventures, mergers and acquisitions,
organisation, unification and produce development includes Calamp Corporation,
Sierra Wireless, Inc., Orbocomm Inc., Queclink Wireless Solutions Co., Ltd,
Laird PLC., Tomtom International Bv, Concox Wireless Solution, Xirgo
Technologies, Inc., Shenzhen Concox Information Technology Co. Ltd. and Maestro
Wireless Solutions. The software combined with GPS trackers has industrialised
quickly. The usage of advanced software can provide real time data on an exact
location. The advanced software has helped enhance mapping capabilities and the
capability to integrate with resources like Google Earth and predictive diagnosis.
However, Security threat within GPS tracking applications is predictable to
hinder the expansion of the market. Hackers can interfere with the signals from
GPS equipment and take benefit of the vehicle within ways unimaginable. The
signals could be jammed throughout the transmission. The vulnerability of GPS
will permit a hacker to track the locations of thousands of vehicles and even
substituting the engines off while they are within motion causing a
complication.
Based on product type GPS equipment market in separated into data loggers, data pushers, data pullers, and covert GPS trackers. It is in addition deliberated by end-use industry into transportation & logistics, construction, oil & gas, metals & mining, government, others (hospitality, education, retail, agriculture, and healthcare). Based on application it is divided into road, aviation, marine, location-based services, surveying and mapping, others.
The countries covered in the global
GPS equipment market report are Brazil, China, France, Germany, India,
Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. Japan is
predictable to be the maximum market share as a result of existence of a good
number of customers inside the region. Whereas, South Korea is in accumulation
probable to be the determined expansion rate within the forecast period
2020-2030.
Additionally, augmented usage of
GPS tracking devices in commercial vehicles subsidized to the expansion of the
GPS equipment market. GPS tracking devices assistance in monitoring commercial
vehicles like trucks, buses, heavy commercial vehicles, and construction
vehicles. Concluded monitoring and handling these vehicles within real time
with GPS trackers, corporations can get real time updates, optimize routes,
upsurge efficiency, and progress fuel effectiveness among others. Businesses
are progressively using GPS for tracking vehicles and will have an edge over
their competitors within giving a better consumer experience. Therefore, the
usage of GPS equipment in commercial vehicles is a key factor prominent to the
development of the GPS equipment market.
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