The precision GNSS market is moving into period of sustained growth that will result in a near doubling of shipments and revenues by 2016, according to a recent report from the technology market intelligence firm ABI Research. Markets such as agriculture, construction, aviation, GIS mapping and military are all expected to show strong growth. The market is also expanding rapidly into new regions. China was regarded as the second largest market for GNSS receivers in 2010, a market that essentially didn’t exist 10 years ago.
“A combination of small, low-cost receivers are enabling new devices, services and markets to open up, such as laptops, handhelds, communications devices, etc.,” said senior analyst, telematics and navigation, Patrick Connolly. “Flexible receiver design is also vital, as new GNSS constellations and increasing availability of augmentation technologies proliferate, e.g. RTK, CORS, GLONASS, Compass, Galileo, LocataTech, etc. GNSS receiver manufacturers are increasingly moving to firmware upgrades to support these technologies in a cost effective way for users.”
With the cost of hardware OEM equipment set to fall sharply, companies are looking to generate increasing revenues from software, firmware upgrades, applications, connectivity, distributor support, and other services. Connectivity and real-time data enable the industry to monitor and analyze information, streamlining processes and bring new levels of performance.
For more information, visit www.abiresearch.com.
High-Precision GNSS Market Set to Double in Five Years
October 27, 2011