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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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