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Autonomous Vehicles: Pushing the GNSS Market Forward

Jul 22, 2016

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The GNSS industry has witnessed growth in recent years on account of increased technological development fueled by the determination of various countries to have their own navigation satellite system. The growth in this segment has been led by inclining government investment and the private players operating in the country. With these developments The GNSS market revenues have grown at a CAGR of 10% from 2016-2022, says RNCOS in its latest research report.
 
According to our report, Global Navigation Satellite Systems Market Outlook 2022, GNSS will play a vital role in providing accurate information for automated vehicle. GNSS market has generated huge business opportunities where several automotive manufacturers are investing heavily in the development of the technology. The magnitude of opportunities has also attracted new players to the automotive market, including Google and its Self-Driving Car.
 
While Mercedes S-Class Sedan is capable of following traffic, automatically braking and maintaining its lane already, General Motors is planning to launch a new Cadillac using advanced cruise control on highways. With all these successful testings going on, it is easy to predict that more and more such vehicles would be put on road. Hence, immense opportunities are present in the GNSS sector for private players to invest.
 
With the ability to sense the environment, navigate and combination of connected vehicle solutions to communicate with other vehicles, the autonomous vehicle would take over the traditionally performed activities by the driver. Thus, driving the GNSS market in the near future
 
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM835.htm
 
Check Related REPORTS on: http://www.rncos.com/wireless-industry.htm


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