Global Aircraft Global Positioning Systems market will reach 440 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2018/12/12

The Global Positioning System (GPS) is a space-based radionavigation system owned by the United States Government (USG) and operated by the United States Air Force (USAF).

North America will still play the giant role in the Aircraft Global Positioning Systems market which occupies 83.4% of global market in 2017. Any changes from United States might affect the development trend of Aircraft Global Positioning Systems. In 2017, North America market size reached 230 million USD in 2017 and will be 349 million USD in 2025, with a CAGR of 5.3%.

EU also plays important roles in global market, with market size of 32.2 million USD in 2017 and will be 52 million USD in 2025, with a CAGR of 6.2%.

The Asia-Pacific will witness the highest growth rate in the Aircraft Global Positioning Systems market and will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

The global Aircraft Global Positioning Systems market is valued at 290 million US$ in 2017 and will reach 440 million US$ by the end of 2025, growing at a CAGR of 5.5% during 2018-2025.

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