The emergence of connected need for accurate and real time tracking and the emergence of internet led to the development and the growth of navigation system market. Due to its application features the navigation systems are widely being used by different industry sectors
What is Navigation Systems?
Navigation systems are defined as instruments which helps in determining the position of a particular place or person. It acts as a guide map. The navigation systems are basically segmented based on the source the signal frequency is emitted. They include radio, electronic and satellite emitted frequencies
What are the uses of Navigations Systems?
The use Global Navigation Satellite Systems helps us in improving the traffic flow, guides users and also helps in tracking parcels and shipments. The navigation system also helps in tracking weather alerts depending on the type of device. The use of navigation systems proves to be cost saving for fleet management companies. The navigation systems provides safety and security for vehicles, as vehicles which has an installed navigation system can be easily tracked
Market Research and Market Trends of Navigation Systems Market:
- Inertial Sense are the leading providers of high –performance precision GPS-Inertial navigation system. The company has raised a funding of $2 million in seed funding. The funding was supported by Data Tribe and Atomic Ventures. The company will use these funds in the developing their market position and will investment in the development of additional micro-navigation solutions and 3D sensors.
- Mapbox is a leading provider of location-based services. The company has raised a funding of $164million in a new funding round. The funding was supported by SoftBank. The company will use this funds in building their own car based technology such as in car navigation system and self driving vehicle systems. The company will also use this funds in expanding their augmented and virtual reality technologies and spread their market across Southeast Asia , China and Europe.
Who are the Major Players in Adaptive Security Software Market?
The companies referred in the market research report are Inertial Sense, Mapbox , Google and others.
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