The navigation system is used to locate the navigation details in any area. With the help of GPS map and wireless nodes, it helps in the navigation process by transmitting the signal to the nodes. There is high use of GPS navigation map for vehicles, in automotive industry and in defense applications. There is high scope for the Navigation Systems Market in various regions with high adoption during 2015-2020.
Scope and Regional Forecast of the Navigation Systems Market:
According to the IndustryARC research analysis studies on the Navigation Systems Market, GPS mobile and GPS PC are expected to witness high demand in industry. The ring laser gyros are expected to witness the highest growth due to high sensitivity and reaction times compared to others.
North America occupies the largest portion of market share of revenue in the Navigation Systems Market closely followed by Europe. The increasing use of car with navigation system and utilization of navigation systems in ships and military equipment are expected to boost the demand through 2020 as per IndustryARC analysis.
Asia Pacific is anticipated to witness higher growth in the Navigation Systems Market compared to other regions. The growth of automotive industry and demand for cars with automation is driving the scope for this market during 2015-2020.
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Segmentation and Key Players of the Navigation Systems Market:
The Navigation Systems Market is segmented into various categories in the IndustryARC marketing research report by technology, by application and by geography as follows:
By technology: Ring Laser Gyro, Mechanical Gyro, Fibre Optic Gyro, Hemispherical Resonator Gyro and Vibrating Gyro and others
By application: Defense, Commercial, Aerospace, Automotive, Space, Surveying and Mapping and others
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Navigation Systems Market according to the IndustryARC research report are as follows:
- Northrop Grumman Corporation
- Rockwell Collins
- Thales Group
- Honeywell International Inc.
- FARO Technologies
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The Navigation Systems Market is a rapidly growing market with high use of navigation system in various end user applications in various sectors across the globe. This market is expected to witness high growth due to high investment for improving system navigation, growth in use of navigation app and installation of navigation GPS for assistance and increasing demand for automotive navigation system and auto GPS in automotive industry in various regions across the globe during 2015-2020.
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