In a recent published report, Kenneth Research has updated the market report for GPS and GNSS Receivers in Aviation Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for GPS and GNSS Receivers in Aviation Market products.
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At Verified Market Intelligence, we provide a market study that encompasses both qualitative and quantitative assessments of latest trends for the market segmentations classified by our analysts. According to our research team, 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. Our research study mainly includes an in-depth study of the market which includes major drivers, restraints, opportunities and challenges faced in the market along with the latest industrial trends.
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.
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 market. However, increased satellite dependency might hamper the overall market at a global level.
The “Global GPS and GNSS Receiver in Aviation Market†study report will provide a valuable insight with an emphasis on the 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.
As a part of market estimation, the study also comprises a list of tables and figures for the “Global GPS and GNSS Receiver in Aviation Market†which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of product, application and geography. Asia Pacific accounts for the fastest growing market due to the presence of numerous developing countries in this region along with their emerging markets. The Chinese market has a major share in this region.
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