LONDON, Aug. 17, 2015 /PRNewswire/ -- Global Navigation Satellite System (GNSS) is a technology that allows any user having a compatible device to determine their position, velocity and local time by processing signals from satellites in space. GNSS signals are provided by a variety of satellite positioning systems, including GPS, Galileo, Glonass, BeiDou or regional SBAS. The GNSS market comprises both products (receivers and devices) and services using GNSS-based positioning as a significant enabler. The global core GNSS market is forecasted to grow at a CAGR of 9% during 2015-2020.
In their latest research study "Global Navigation Satellite Systems Market Outlook 2020", RNCOS' analysts have identified and deciphered the market dynamics in important segments thus clearly highlighting the areas offering promising possibilities for companies to boost their growth. The report studies the market by its major application and location based services, transportation (further divided into road navigation, rail navigation, air navigation and marine navigation), surveying activities and agriculture. The GNSS application market is further studied by region viz. North America, Europe, Asia-Pacific, and RoW.
The report provides a complete overview of the GNSS market globally. All the current trends & drivers coupled with potential growth areas of the GNSS industry have been evaluated in the report. Furthermore, the report provides a profound knowledge of opportunities in the industry for different companies in the chapter named 'Opportunity Assessment.'
Additionally, to provide an exhaustive knowledge of the prospects for GNSS players on the geographical front, our report provides a comprehensive knowledge of 10 most worthwhile GNSS markets around the world that are US, Canada, UK, France, Germany, Russia, Japan, China, South Korea and India. It includes information about the present state and future outlook of the LBS and Telematics market in these countries along with information about their personal navigation systems such as US' GPS, China's BeiDou, Europe's Galileo, Russia's GLONASS, Japan's QZSS and India's IRNSS.
Finally, our study looks into the competitive landscape covering business overviews, key financials, product analyses, recent developments and strengths & weaknesses analyses of each of the players. All in all, the report would help clients analyze the driving forces and understand the opportunities existing in this industry.
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