US responsible for 42.9% of global GPS/GNSS devices market

US responsible for 42.9% of global GPS/GNSS devices market

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US: The US is the highest spender on military GPS/GNSS navigation, and is responsible for 42.9% of the global military GNSS devices market, according to a report revealed by Reportstack. The report on ‘The Global Military GPS/GNSS Market 2013-2023’ offers a detailed analysis of the global military GPS/GNSS market over the next 10 years, alongside potential market opportunities to enter the industry, using detailed market size forecasts.

Others major spenders in this sector include Russia, the UK, China and India, according to the report.

A major factor driving this market is the integration of satellite navigation technology with other navigation systems, such as the inertial navigation system (INS) and gyro, as GPS devices are to be used in order to decipher data correctly, Reportstack said.

Source: Reports n Reports