Global Autonomous Navigation Market

The navigational, measuring, electro-medical, and control instrument helps to navigate, assess, monitor, and regulate the efficiencies of electrical inputs, and outputs in real time. The main types of navigational, measuring, electromedical, and control instruments are search, detection, and navigation instruments, automatic environmental control, industrial process variable instruments, totalizing fluid meter and counting device, electricity, and signal testing instruments, analytical laboratory instrument, watch, clock, measuring device and magnetic and optical media. Industrial process variable instruments are used to measure and control process variables within a production or manufacturing area. Level, pressure, temperature, humidity, flow, pH, force, speed, and other process variables are used in industries. The instruments are sold through OEM, and aftermarket sales channels and are used for medical, electronic, oil & gas, consumer goods, chemicals, and other applications. The navigational, measuring, electro medical and control instruments market research report is one of a series of new reports from The Business Research Company that provides navigational, measuring, electro medical and control instruments market statistics, including navigational, measuring, electro medical and control instruments industry global market size, regional shares, competitors with a navigational, measuring, electro medical and control instruments market share, detailed navigational, measuring, electro medical and control instruments market segments, market trends and opportunities, and any further data you may need to thrive in the navigational, measuring electro medical and control instruments industry. This navigational, measuring, electromedical, and control instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global navigational, measuring, electro medical and control instruments market grew from $643.2 billion in 2022 to $700.18 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The navigational, measuring, electro medical and control instruments market is expected to grow to $956.74 billion in 2027 at a CAGR of 8.1%. The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster products and applications. Technological development is a key to attracting both consumers and business users for either replacing or upgrading the older products with advanced versions. Digital technologies such as the internet of things (IoT) and the latest communication technologies such as 5G are expected to aid in the development of innovative electronic products. This is expected to increase the demand for electronic products such as navigational, measuring, electromedical, and control instruments which will ultimately drive market growth during the forecast period. Rising sustainability issues and stringent new regulation standards are compelling navigational, measuring, electromedical, and control instruments manufacturers to review the entire environmental impact of their products, from the use of harmful chemicals in manufacturing, energy consumption during consumer use to waste disposal at the end of the product's life. These rising new regulation standards are likely to be a major hindrance to navigational, measuring, electromedical, and control instruments manufacturers, especially for multinational organizations that have to keep up with different regulatory standards across different regions. New advancements in smartwatches using AI are one of the latest trends in the navigational, measuring, electromedical, and control instruments manufacturing market. Smartwatches equipped with additional features such as AI are gaining popularity among watch users. An AI-enabled smartwatch is a wearable device that offers various features to its users such as calculations, translations, messaging, and health tracking, and is directly connected to the internet. The AI-enabled smartwatch uses sensors to detect the electrical signals given by the wearer's heart and can monitor blood pressure, can analyse the glucose levels of a patient. For instance, in 2020, PKvitality, a French-based producer of bio-wearable, partnered with Beurer GmBH, a Germany-based medical product, and Well-being Company, to develop painless and discreet continuous glucose monitoring (CGM) device in the form of a smartwatch to monitor glucose levels. Major companies in the navigational, measuring, electro medical and control instruments market include Thermo Fisher Scientific, Siemens AG, Apple, Honeywell International Inc., Schneider Electric SE, Compagnie Financiere Richemont SA, Agilent Technologies, Inc., Hexagon AB, Emerson Electric Co, the swatch group Asia-Pacific was the largest region in the navigational, measuring, electro medical and control instruments market in 2022. North America was the second largest region in the navigational, measuring, electro medical and control instruments market. The regions covered in the navigational, measuring, electro medical and control instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the navigational, measuring, electro medical and control instruments market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The navigational, measuring, electro medical and control instruments market consists of sales of compasses, aeronautical and space navigation instruments, nautical navigation instruments, radio navigational aid apparatus, airflow controllers, air conditioning and refrigeration, heating and cooling system controls, heating regulators, boiler controls, buoyancy instruments, chromatographs, combustion control instruments, gas consumption meters, water consumption meters, parking meters, taxi meters, gauges for motor vehicles and equipment for collecting fare, circuit and continuity testers, volt meters, ohm meters, watt meters, multimeters, semiconductor test equipment, element analysis, separation analysis, molecular analysis, alarm clocks, clock materials and parts, time clocks, wall clocks, electrodes, level and bulk measuring instruments, nanofluidic measurement and control devices, orifice plates, blank audio tapes, blank video tapes, blank diskettes, mass duplicating (i.e., making copies) audio, video, software, and other navigational, measuring, electro medical and control instruments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global navigational, measuring, electro medical and control instruments market is segmented - 1) By Type: Search, Detection, And Navigation Instruments, Automatic Environmental Control, Industrial Process Variable Instruments, Totalizing Fluid Meter And Counting Device, Electricity And Signal Testing Instruments, Analytical Laboratory Instrument, Watch, Clock, Measuring Device, Magnetic And Optical Media 2) By Application: Medical, Electronic, Oil & Gas, Consumer Goods, Chemicals, Other Applications 3) By Sales Channel: OEM, Aftermarket

The search, detection, and navigation instruments refer to the instruments used by nautical navigators and pilots as tools for their trade. Search, detection, and navigation instruments are used for searching, detecting, recording, and guiding to determine the speed, and direction to arrive at the point of destination. The main types of search, detection and navigation instruments are compasses, aeronautical and space navigation instruments, nautical navigation instruments and radio navigational aid apparatus. A compass is a tool for navigation and geographic orientation that displays the cardinal directions. It usually consists of a magnetized needle or another element that can pivot to align itself with magnetic north, such as a compass card or compass rose. The various technologies used are radio frequency identification based (RFID), cellular, network, Bluetooth, remote sensing services, real-time kinetic and others that are used for marine, aviation, military and other applications. The search, detection, and navigation instruments market research report is one of a series of new reports from The Business Research Company that provides search, detection, and navigation instruments market statistics, including search, detection, and navigation instruments industry global market size, regional shares, competitors with a search, detection, and navigation instruments market share, detailed search, detection, and navigation instruments market segments, market trends and opportunities, and any further data you may need to thrive in the search, detection, and navigation instruments industry. This search, detection, and navigation instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global search, detection, and navigation instruments market size will grow from $283.87 billion in 2022 to $309.49 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global search, detection, and navigation instruments market size is expected to grow to $424.16 billion in 2027 at a CAGR of 8.2%. The increasing demand from civilian and defense aircraft manufacturing industries drove the market for search, detection and navigation instruments. The increasing demand was supported by rising disposable income, increasing air travel and military usage. Rise in working group and middle-class demography will affect the demand positively. For instance, in 2020, Airbus invested $1 billion to manufacture 63 A320 Family aircraft per month, beginning in 2021. Therefore, the increasing demand from civilian and defense aircraft manufacturing companies is expected to drive the market for search, detection and navigation instruments. Stringent regulations on tariffs limited the growth of search, detection and navigation instruments manufacturing. Governments across the world are imposing tariffs owing to trade wars between countries, national defense or curtailment of monopoly powers, volatile oil prices and volatility in international trade. The World Trade Organization permitted the USA to tax European exports as much as $7.5 billion annually. As a result, the USA has imposed tariffs of 10% on imports of large civil aircraft, and industrial products among other goods from the European Union. The tariffs could raise prices for American companies importing goods and machinery thereby increasing the expenses. The increase in the import duties and taxes has a negative impact on search, detection, and navigational instruments market growth. Companies in the marine industry are preferring navigation instruments incorporated with augmented reality (AR). AR is a technology that reflects the digital information in the real world. Navigation systems integrated with AR technology provide great support to the sailors in ship keeping and related operations. For instance, Mitsui O.S.K. Lines (MOL) planned to install AR navigation systems on 21 very large crude oil carriers (VLCCs) operated by them. This navigation system will superimpose real-time video imagery and voyage information and provide support to crewmembers during their watch-keeping and ship operations visually. The benefits provided by AR technology in real time will increase the demand for instruments with such advanced technology. In January 2020, BAE systems, a British multinational defense, security and aerospace company acquired military GPS business from United Technologies for $1.93 Billion. The acquisition of GPS business from United Technologies will strengthen the professional and technical capabilities of BAE Systems to provide more comprehensive portfolio of solutions and adds new technology for BAE Systems that is compatible with industry-standard equipment and helps for the increasing product line. United Technologies is an American multinational conglomerate which operates in the fields of research and manufacturing products in numerous areas, including aircraft engines, aerospace systems and industrial products. Major players in the search, detection and navigation instruments market are BAE Systems PLC., Leonardo S.p.A, Raytheon, Thales Group, United Technologies Corp., Agilent Technologies, Siemens Medical Solutions, Boeing, Thermo Fisher Scientific, and Medtronic PLC. Asia-Pacific was the largest region in the search, detection and navigation instruments market in 2022. North America was the second-largest region in the global search, detection, and navigation instruments market. The regions covered in the global search, detection, and navigation instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the search, detection and navigation instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The search, detection, and navigation instruments market consists of sales of compasses, aeronautical and space navigation instruments, nautical navigation instruments, radio navigational aid apparatus, and other search, detection, and navigation instruments. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global search, detection, and navigation instruments market is segmented - 1) By Type: Compasses, Aeronautical and Space Navigation Instruments, Nautical Navigation Instruments, Radio Navigational Aid Apparatus 2) By Technology: Radio Frequency Identification based(RFID), Cellular, Network, Bluetooth, Remote Sensing Services, Real Time Kinetic, Other Technologies 3) By Application: Marine, Aviation, Military, Other Applications

The measuring and control instruments produce navigational, measuring, electromedical, and control instruments. Examples of products made by these establishments are aeronautical instruments, appliance regulators and controls (except switches), laboratory analytical instruments, navigation and guidance systems, and physical properties testing equipment. The main types of measuring and control instruments are other electrical equipment, electronic products, and components, navigational, measuring, electro medical, and control instruments. Navigational instruments are used as tools by nautical navigators and pilots to determine one's current location and the speed and direction required to arrive at a port or point of destination. The equipment is operated through online and offline modes. The various sales channels include OEM and aftermarket that are used for medical, electronic, oil & gas, consumer goods, chemicals, and other applications. The measuring and control instruments market research report is one of a series of new reports from The Business Research Company that provides measuring and control instruments market statistics, including measuring and control instruments industry global market size, regional shares, competitors with a measuring and control instruments market share, detailed measuring and control instruments market segments, market trends and opportunities, and any further data you may need to thrive in the measuring and control instruments industry. This measuring and control instruments market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global measuring and control instruments market grew from $765.17 billion in 2022 to $833.17 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The measuring and control instruments market is expected to grow to $1139.15 billion in 2027 at a CAGR of 8.1%. Governments around the world are investing in the creation of smart cities, this is expected to increase the demand for measuring and control instruments for a variety of applications. Smart cities use search, detection, and navigation devices to ensure the safety of the citizens. They also use global positioning systems (GPS), machine-to-machine (M2M) communication, Wi-Fi, and radio frequency identification (RFID) technologies for effective communication. Overall, the smart city experience involves systems and objects interconnected through various technologies, such as local, wide, and wireless networks. The concept of smart cities is also gaining traction in developing nations such as China and India as well as in developed nations such as the EU. For instance, in China and India, almost 300 smart city pilots are currently planned. Further, the EU is actively promoting smart city initiatives, with funds for research and sustainability targets for member states. The establishment of smart cities will increase the demand for various types of navigational, measuring, electromedical, and control instruments, boosting the growth of the measuring and control instruments manufacturing market. Interest rates globally are forecasted to rise in most of the developing and developed economies, during the forecast period, this is expected to limit new investments in the measuring and control instruments manufacturing market. Most countries across the world are raising interest rates to control inflation and also to limit the flow of capital out of the country. This is likely to affect new investments in terms of expansion, research, and development of new products. For instance, the US interest rates rose to 3.5% in 2021. These factors are expected to have a negative impact on the electrical and electronics manufacturing market as borrowing money becomes expensive, thus limiting the growth of the measuring and control instruments manufacturing market. Companies in the measuring and control instruments manufacturing market are investing in the development of new 3D microscopes with the ability to increase productivity and improve diagnosis and research capabilities.3D microscopes are capable of capturing images from different positions and generating 3D images. Unlike the traditional microscopes, these 3D microscopes do not require the specimen to be cut into pieces but preserve the specimen for additional study. Following the trend, in May 2020, Researchers at the University of Bath, a UK-based public university developed a 3D printable laboratory-grade microscope, with a cost of $18. This microscope is affordable and easy to use and is a fully automated device with motorized focus control, a precise mechanical stage, and sample positioning. Major companies in the measuring and control instruments market include Thermo Fisher Scientific, Siemens AG, Apple, Jabil Circuit Inc., Honeywell International Inc., Schneider Electric SE, Compagnie Financiere Richemont SA, Agilent Technologies, Inc., Hexagon AB and Emerson Electric Co. Asia-Pacific was the largest region in the measuring and control instruments market in 2022. North America was the second largest region in the measuring and control instruments market. The regions covered in the measuring and control instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the measuring and control instruments market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The measuring and control instruments market consists of sales of superconductors, photoelectric sensors, automotive dc-dc converters, photoresist and photoresist ancillaries, surface inspection, temperature sensors, and other measuring and control instruments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global measuring and control instruments market is segmented - 1) By Type: Other Electrical Equipment, Electronic Products And Components, Navigational, Measuring, Electro medical And Control Instruments 2) By Application: Medical, Electronic, Oil & Gas, Consumer Goods, Chemicals, Other Applications 3) By Sales Channel: OEM, Aftermarket 4) By Mode: Online, Offline Subsegments Covered: Carbon And Graphite Product, General Electrical Equipment And Component, Vaporizers, E-Cigarettes, And other Electronic Nicotine Delivery Systems (ENDS), Search, Detection, And Navigation Instruments, Automatic Environmental Control, Industrial Process Variable Instruments, Totalizing Fluid Meter And Counting Device, Electricity And Signal Testing Instruments, Analytical Laboratory Instrument, Watch, Clock, Measuring Device, Magnetic And Optical Media

Real-time location systems (RTLS) refer to a system that is used to automatically recognize and track the location in real-time. A real-time location system (RTLS) is one of several systems that recognizes a target's present geolocation, which can range from a vehicle to a manufacturing plant product to a human. The RTLS is used for fleet tracking, navigation, inventory and asset tracking, personnel tracking, and network security. The main types of components in real-time location systems (RTLS) are hardware, software, and service. In RTLS hardware, a transmitter is attached to an individual or property and uses a wireless signal to provide identification and location data to receivers. Signals from tagged assets are received by RTLS receivers placed across the facility, which identify the location. They can detect location either by the tag's proximity to receivers or by a mathematical technique called trilateration, based on the wireless technology employed. The different technologies include RFID, Wi-Fi, ultra-wideband (UWB), Bluetooth low energy (BLE), ultrasound, infrared (IR), GPS, and others and are used in inventory or asset tracking and management, personnel or staff locating and monitoring, access control and security, environmental monitoring, supply chain management, and operational automation or visibility, others. It is implemented in various verticals such as transportation and logistics, healthcare, retail, manufacturing and processing, and others. The real-time location systems (RTLS) market research report is one of a series of new reports from The Business Research Company that provides real-time location systems (RTLS) market statistics, including real-time location systems (RTLS) industry global market size, regional shares, competitors with a real-time location systems (RTLS) market share, detailed real-time location systems (RTLS) market segments, market trends and opportunities, and any further data you may need to thrive in the real-time location systems (RTLS) industry. This real-time location system (RTLS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global real-time location systems (RTLS) market size grew from $7.13 billion in 2022 to $9.2 billion in 2023 at a compound annual growth rate (CAGR) of 29.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The real-time location systems (RTLS) market size is expected to grow to $25.29 billion in 2027 at a CAGR of 28.8%. The increasing demand for smartphones is expected to propel the growth of the real-time location system (RTLS) market in the coming years. A smartphone is a portable electronic device that connects to a cellular network. Smartphones enable users to make phone calls, deliver text messages and connect to the internet. The growing population across the globe has led to an increase in the demand for smartphone. Smartphones are used for incident response and emergency management because of real-time location system (RTLS) innovation, which is used to automatically spot and track the destination of objects or people in real-time. For instance, according to the Mobile User Statistics report, in 2021, there will be 3.8 billion smartphone users worldwide, accounting for 48.33% of the global population. Therefore, the increasing demand for smartphones drives the growth of the real-time location system (RTLS) market. The growing technological advancements are shaping the real-time location system (RTLS) market. Major firms operating in the real-time location system (RTLS) sector are focused on developing technological solutions for real-time locating and monitoring of assets and employees. For instance, in July 2020, Advantech, a China-based provider of industrial computing platform solutions, launched a real-time location system (RTLS) solution-ready package (SRP) based on multi-mode sensing dynamic fusion (MSDF) technology. The MSDF technology, which uses a software algorithm to decrease interference from barriers, improves positioning effectiveness in challenging indoor environments, making it perfect for hospitals, nursing homes, and clinics. In February 2020, Qorvo, a US-based company that designs, develops, manufactures and markets a variety of high-performance analogue and mixed-signal integrated circuits, acquired Decawave for an undisclosed amount. With this acquisition, the Decawave team has become the Ultra-Wideband Business Unit (UWBU) within Qorvo Mobile Products. Decawave is a Europe-based company that provides real-time location tracking services. Major players in the real-time location systems market are Zebra Technologies Corp., Stanley Healthcare, CenTrak Inc., Ubisense Group PLC., TeleTracking Technologies Inc., Sonitor Technologies AS, AeroScout Industrial, DecaWave Limited, MidmarkRtls Solutions Inc., AiRISTA Flow Inc., SaviTechnology, Lockheed Martin Corporation, GE Healthcare, Impinj, Identec Group AG, and Ekahau. North America was the largest region in the real-time location systems (RTLS) in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the real-time location systems (RTLS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the real-time location systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The realtime location center market includes revenues earned by entities by showing real time tracking status of objects and providing data-based insights. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global real time location systems rtls market is segmented - 1) By Component: Hardware, Software, Service 2) By Technology: RFID, Wi-Fi, Ultra-wideband (UWB), Bluetooth Low Energy (BLE), Ultrasound, Infrared (IR), GPS, Other Technologies 3) By Application: Inventory Or Asset Tracking And Management, Personnel Or Staff Locating And Monitoring, Access Control And Security, Environmental Monitoring, Supply Chain Management And Operational Automation Or Visibility, Other Applications 4) By End Use Industry: Transportation And Logistics, Healthcare, Retail, Manufacturing And Processing, Other End User Industries

The GPS equipment refers to various devices and tools required for the functioning of satellite navigation system. A GPS is a satellite navigation system that determines an object's location on the ground. The main product types of GPS equipment are data loggers, data pushers, data pullers, and covert GPS trackers. Data loggers are electronic devices that monitor and record environmental parameters automatically over time, allowing conditions to be measured, documented, analyzed, and validated. The various applications of GPS equipment include road, aviation, marine, location-based services, surveying and mapping and others that are used by transportation and logistics, construction, oil and gas, metals and mining, government, among others. The GPS equipment market research report is one of a series of new reports from The Business Research Company that provides GPS equipment market statistics, including GPS equipment industry global market size, regional shares, competitors with a GPS equipment market share, detailed GPS equipment market segments, market trends and opportunities, and any further data you may need to thrive in the GPS equipment industry. This GPS equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global GPS equipment market size will grow from $2.4 billion in 2022 to $2.54 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global GPS equipment market size is expected to grow to $3.12 billion in 2027 at a CAGR of 5.4%. Increased use of GPS tracking devices in commercial vehicles contributed to the growth of the GPS equipment market. GPS tracking devices help in monitoring commercial vehicles such as trucks, buses, heavy commercial vehicles, and construction vehicles. Through monitoring and handling these vehicles in real-time with GPS trackers, companies can get real-time updates, optimize routes, increase efficiency, and improve fuel efficiency among others. Businesses are increasingly using GPS for tracking vehicles and will have an edge over their competitors in giving a better customer experience. Therefore, the use of GPS equipment in commercial vehicles is a key factor leading to the growth of the GPS equipment market. Security threat in GPS tracking applications is expected to hinder the growth of the market. Hackers can interfere with the signals from GPS equipment and take advantage of the vehicle in ways unimaginable. The signals could be jammed during the transmission. The vulnerability of GPS will allow a hacker to track the positions of thousands of vehicles and even switching the engines off while they are in motion causing a complication. For instance, in September 2021, according to a research study conducted by Bitsight, a US-based cybersecurity ratings company, stated the vulnerabilities of threats on GPS tracking, stated that the MiCODUS API server contains the password vulnerability known as CVE-2022-2107. It has a 9.8 CVSS score and enables remote attackers to send SMS commands to a target's GPS tracker by using a hardcoded master password to access into the web server. A 9.8 CVSS rating was also given to CVE-2022-2141 because to faulty authentication. An attacker could be able to use this vulnerability to send the tracking device SMS commands without being verified. The hacker claimed that he could track vehicles in many countries, including South Africa, MorocCo., India, and the Philippines. The vulnerabilities in GPS equipment causing complications in smooth operations restrict the growth of the market. The software integrated with GPS trackers has developed rapidly. The use of advanced software can deliver real time data on a specific location. The advanced software has helped improve mapping capabilities and the ability to integrate with resources such as Google Earth and predictive diagnosis. For instance, in September 2022, Trackem, a US-based platform for monitoring resources, supplies, and job progress, has launched its most recent version of its GPS tracking platform for clients. The new system includes tools for tracking fuel bills, fleet-wide fuel usage, mileage analysis, and driver scorecards. Scorecards for drivers make it easier to see those who frequently accelerate quickly or drive too fast, both of which increase fuel consumption. This data may be employed for disciplinary or instructional purposes. Numerous places in the fleet that can be modified for fuel economy can be found with the use of detailed reports. Additionally, the new Maintenance area can help fleet managers or business owners stay current and repair their vehicles to maximize fuel efficiency. The development of an enhanced GPS tracker is gaining traction and contributes to the growth of the market. In January 2020, BAE Systems, Inc., a UK-based aerospace and security company acquired Collins Aerospace’s military global positioning system (GPS) business for $1.925 billion and Raytheon’s Airborne Tactical Radios (ATR) business for cash of $275 million. The acquisitions of GPS and ATR business is aimed to strengthen BAE Systems, Inc. in defense electronics and communication systems business. Collins Aerospace, a USA-based company, specialized in avionics and information technology systems business. Raytheon, a USA-based company, specialized in the manufacturing of military and commercial electronics. Major players in the GPS equipment market are Calamp Corporation, Sierra Wireless, Inc., Orbocomm Inc., Queclink Wireless Solutions Co., Ltd., Laird PLC., Tomtom International Bv, Concox Wireless Solution, Xirgo Technologies, Inc., Shenzhen Concox Information Technology Co. Ltd., and Maestro Wireless Solutions. The Asia-Pacific was the largest region in the GPS equipment market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global GPS equipment market during the forecast period. The regions covered in the global GPS equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the GPS equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global positioning system (GPS) equipment market consists of sales of equipment for determining the ground position of an object through GPS satellites. GPS is a satellite navigation system that transmits specific signals that allow GPS equipment to decode and measure the satellite's exact location. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global GPS equipment market is segmented - 1) By Product Type: Data loggers, Data pushers, Data pullers, Covert GPS Trackers 2) By End-Use Industry: Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government, Other End-Use Industries (Hospitality, Education, Retail, Agriculture, and Healthcare) 3) By Application: Road, Aviation, Marine, Location-based services, Surveying and Mapping, Other Applications

Information technology (IT) is the use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. The main type of information technology (IT) are IT services, computer hardware, telecom, and software products. Computer hardware is the physical components that a computer system requires to function and encompasses everything within a PC or laptop. The services are used by large, small, and medium enterprises of financial services, retail and wholesale, manufacturing, healthcare and others. The information technology (IT) market research report is one of a series of new reports from The Business Research Company that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global information technology market grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The information technology market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%. The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 60% of computing workloads were running in the public cloud in 2019. Similarly, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the information technology market in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of 'lock down,' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the information technology market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology market. The regions covered in the information technology market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology market. The regions covered in the information technology market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global information technology market is segmented - 1) By Type: IT Services, Computer Hardware, Telecom, Software Products 2) By Organization Size: Large Enterprise, Small and Medium Enterprise 3) End User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End User Industries Subsegments Covered: Hardware Support Services, Software And BPO Services, Cloud Services, Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers, Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers, Operating Systems & Productivity Software Publishing, Database, Storage & Backup Software Publishing, Business Analytics & Enterprise Software, Video Game Software, Design, Editing & Rendering Software

The location-based services refer to software-based services for mobile devices that are to provide information on a location. These services are based on the location of a mobile user as determined by the device’s geographical location and use real-time geodata from a smartphone to provide information, entertainment, or security. Location-based services use the device location for the information and are applicable in areas such as directions, local advertisements, and local news. The different components of location-based services include platforms, hardware, and services. Platforms are used to provide the infrastructure for seamless positioning. Platforms can transmit information using augmented technology and maps. The different location types for location-based services include indoor and outdoor. The location-based services technologies include GPS, assisted GPS, enhanced GPS, enhanced observed time difference, observed time difference, cell id, Wi-Fi, and other technologies, used for applications in location-based advertising, business intelligence & analytics, fleet management, mapping & navigation, proximity marketing, asset tracking, and other applications. The location-based services market research report is one of a series of new reports from The Business Research Company that provides location-based services market statistics, including location-based services industry global market size, regional shares, competitors with a location-based services market share, detailed location-based services market segments, market trends and opportunities, and any further data you may need to thrive in the location-based services industry. This location-based services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global location-based services market size grew from $70.27 billion in 2022 to $88.42 billion in 2023 at a compound annual growth rate (CAGR) of 25.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The location-based services market size is expected to grow to $226.16 billion in 2027 at a CAGR of 26.5%. An upsurge in the use of smartphones and GPS-enabled devices is expected to propel the growth of location-based services. Location-based services combine the internet, geospatial technologies, and other information and communication technologies to provide targeted information to individuals on their smartphones based on geographic location in real-time. According to the data by the Indian Cellular and Electronics Association, the number of users using smartphones is expected to reach 829 million by 2022. Also, according to forecasts from Ericsson and The Radicati Group, the number of smartphone users is expected to increase from 6.05 billion in 2020 to nearly 7.33 billion by 2025. Therefore, an upsurge in the use of smartphones and GPS-enabled devices drives the location-based services market. Advancement in technology is a key trend gaining popularity in location-based services. Many companies are launching new advancements in location-based services to gain an edge over their competitors. For example, in February 2020, Cisco, a company operating in the location-based services market based in the United States, launched a Multiscreen-as-a-Service (MaaS) Location Based Services (LBS) app that enables features such as indoor routing and navigation, off-route notifications, location sharing, customizable points of interest, simple real-time map management, additional real-time location services, native map experience, and landmark routing, which delivers navigation and wayfinding functionality across any campus or facility while simplifying and streamlining the underlying integration and management of hardware and software. In June 2021, Verizon, an American wireless network operator acquired Senion for an undisclosed amount. With this acquisition, Verizon’s location-based portfolio will be expanded and empower the companies for the better safety of the enterprises. Senion is a UK-based company operating in location-based services. Major players in the location-based services market are Apple Inc., Cisco Systems, Inc., Google LLC, Intel Corporation, Ericsson, Microsoft Corporation, Oracle Corporation, Qualcomm Inc., Navigine, IBM, CommScope, HERE, ALE International SAS, AT&T Inc., AiRISTA Flow, Quuppa, and NTT Docomo. North America was the largest region in the location-based services market in 2022. Asia-Pacific was the second largest market in location-based services market. The regions covered in the location-based services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the location-based services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The location-based services market includes revenues earned by entities by providing location-based services such as mapping, routing, assistance navigation services, tracking services, and information services by using geospatial and information & communication technologies to provide targeted information to individuals based on their geographic location in real-time. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global location based services market is segmented - 1) By Component: Platform, Hardware, Services 2) By Location Type: Indoor, Outdoor 3) By Technology: GPS, Assisted GPS (A-GPS), Enhanced GPS (E-GPS), Enhanced observed time difference (E-OTD), Observed Time Difference, Cell ID, Wi-Fi, Other Technologies 4) By Application: Location-based Advertising, Business Intelligence And Analytics, Fleet Management, Mapping And Navigation, Social Networking And Entertainment, Proximity Marketing, Asset Tracking, Other Applications

Location analytics is the process of using location intelligence software for the visualization and analysis of geospatial data. The main location types in location analytics include outdoor location and indoor location. The outdoor location enables the identification of prospective customers based on online behavior, the visualising of location data and other factors, helping companies in geo-marketing, asset management, and business planning further by understanding the behaviour of consumers. The different components include solutions and services and are deployed in various modes, such as on-premise and cloud. It is used in a variety of applications such as risk management, customer experience management, remote monitoring, supply chain planning and optimization, emergency response management, location selection and optimization, and others, and is implemented in a variety of industries including transportation and logistics, retail, BFSI, IT & telecommunications, healthcare, energy and utilities, manufacturing, and others. The location analytics market research report is one of a series of new reports from The Business Research Company that provides location analytics market statistics, including location analytics industry global market size, regional shares, competitors with a location analytics market share, detailed location analytics market segments, market trends and opportunities, and any further data you may need to thrive in the location analytics industry. This location analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global location analytics market size grew from $18.78 billion in 2022 to $21.63 billion in 2023 at a compound annual growth rate (CAGR) of 15.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The location analytics market size is expected to grow to $37.67 billion in 2027 at a CAGR of 14.9%. Increasing use of spatial data and analytical tools is expected to propel the growth of the location analytics market going forward. By incorporating layers of geographic data such as traffic, weather, geography, and others, spatial data and analytical tools improve understanding, insights, decision making, and prediction. Location data has the power to forecast demand, identify supply chain disruptions, facilitate infrastructure planning, and more. For instance, according to Impact Networking, a US-based integrated business technology company, the average return on investment for enterprises using business intelligence and analytics is 1300%. Also, according to a 2020 survey by Forbes, an American business magazine, 75% of retailers regarded location intelligence (LI) as crucial for their revenue growth strategy. Therefore, the increasing use of spatial data and analytical tools drives the growth of the location analytics market. The integration of artificial intelligence solutions has emerged as a key trend in the location analytics market. An AI-fueled approach to location intelligence can help in automating processes, detecting patterns within large sets of data, and making predictions. Developers can incorporate these insights into their applications and businesses using AI, which understands the features of location data. For instance, in November 2021, Noogata, an Israel-based no-code artificial intelligence (AI) data analytics company, launched an AI-based location analytics library for bricks and mortar insights. This enables sales and marketing directors to use AI to acquire actionable insights, such as creating and scoring leads for future sales prospects, by gaining a better understanding of the places that are relevant to their company. In February 2021, PlaceIQ Inc., a US-based software company operating in location data, analytics, and insights acquired Skyhook Wireless Inc for an undisclosed amount. Through this acquisition, PlaceIQ Inc aims to expand its location intelligence solutions. Skyhook Wireless Inc is a US-based software company. Major players in the location analytics market are Alteryx Inc., Cisco Systems Inc., CleverMaps, Environmental Systems Research Institute Inc., (ESRI), GaliGeo, Google LLC, Here technologies, Hexagon, Indoor Atlas Ltd., Lepton Software, Microsoft corporation, Pitney Bowes Inc., PlaceIQ, Precisely, Purple, SAP, SAS Institute Inc., Sparkgeo Consulting Inc., TIBCO Software Inc., Tom Tom, Zebra Technologies Corporation., CARTO, GapMaps, Hardcastle GIS, Locale.ai, Mapidea, Newgrove Limited, Orbica, and Placense North America was the largest region in the location analytics market in 2022. The regions covered in the location analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the location analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The location analytics market includes revenues earned by entities by providing solutions that understand, analyze, and derive insights from geospatial data by utilizing services such as RFID, radio tracking, near-filed communication, internet tracking global positioning systems (GPS)& satellite tracking technologies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global location analytics market is segmented - 1) By Location Type: Outdoor Location, Indoor Location 2) By Component: Solutions, Services 3) By Deployment Mode: On Premise, Cloud 4) By Application: Risk Management, Customer Experience Management, Remote Monitoring, Supply Chain Planning and Optimization, Emergency Response Management, Location Selection And Optimization, Other Applications 5) By Industry Vertical: Transportation And Logistics, Retail, BFSI, IT And Telecommunication, Healthcare, Energy and Utilities, Manufacturing, Other Industry Verticals