Assisted GNSS

Location Based Services Market to Reach $402.4 Billion, Globally, by 2031 at 24.6% CAGR: Allied Market Research

Retrieved on: 
Friday, March 24, 2023

PORTLAND, Ore., March 24, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Location Based Services Market by Component (Hardware, Software, Services), by Technology (GPS, Assisted GPS (A-GPS), Enhanced GPS (E-GPS), Enhanced Observed Time Difference, Observed Time Difference, Cell ID, Wi-Fi, Others), by Application (Mapping and Navigation, Business Intelligence and Analytics, Fleet Management, Location-based Advertising, Local Search and Information, Social Networking and Entertainment, Proximity Marketing, Asset Tracking, Others), by Industry Vertical (Transportation and Logistics, Manufacturing, Government and Public Utilities, Retail, Healthcare and Life Sciences, Media and Entertainment, IT and Telecom, BFSI, Hospitality, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global location-based services industry generated $45.4 billion in 2021, and is anticipated to generate $402.4 billion by 2031, witnessing a CAGR of 24.6% from 2022 to 2031.

Key Points: 
  • According to the report, the global location-based services industry generated $45.4 billion in 2021, and is anticipated to generate $402.4 billion by 2031, witnessing a CAGR of 24.6% from 2022 to 2031.
  • Increase in adoption of social media & smart phones, easy availability of GPS, emergence of location-based technology, and the increase in number of smartphone users and internet accessibility drive the growth of the global location based services market.
  • However, inflated cost of installation and maintenance and operational challenges are hampering the location-based services market growth.
  • The outbreak of the Covid-19 pandemic had a negative impact on the global location-based services market, owing to implementation of the global lockdown.

Location Based Services Market to Reach $402.4 Billion, Globally, by 2031 at 24.6% CAGR: Allied Market Research

Retrieved on: 
Friday, March 24, 2023

PORTLAND, Ore., March 24, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Location Based Services Market by Component (Hardware, Software, Services), by Technology (GPS, Assisted GPS (A-GPS), Enhanced GPS (E-GPS), Enhanced Observed Time Difference, Observed Time Difference, Cell ID, Wi-Fi, Others), by Application (Mapping and Navigation, Business Intelligence and Analytics, Fleet Management, Location-based Advertising, Local Search and Information, Social Networking and Entertainment, Proximity Marketing, Asset Tracking, Others), by Industry Vertical (Transportation and Logistics, Manufacturing, Government and Public Utilities, Retail, Healthcare and Life Sciences, Media and Entertainment, IT and Telecom, BFSI, Hospitality, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global location-based services industry generated $45.4 billion in 2021, and is anticipated to generate $402.4 billion by 2031, witnessing a CAGR of 24.6% from 2022 to 2031.

Key Points: 
  • According to the report, the global location-based services industry generated $45.4 billion in 2021, and is anticipated to generate $402.4 billion by 2031, witnessing a CAGR of 24.6% from 2022 to 2031.
  • Increase in adoption of social media & smart phones, easy availability of GPS, emergence of location-based technology, and the increase in number of smartphone users and internet accessibility drive the growth of the global location based services market.
  • However, inflated cost of installation and maintenance and operational challenges are hampering the location-based services market growth.
  • The outbreak of the Covid-19 pandemic had a negative impact on the global location-based services market, owing to implementation of the global lockdown.

Telit SE873K5 GNSS Receiver Brings Compact Form Factor and Advanced Power Modes

Retrieved on: 
Thursday, June 16, 2022

Based on AG3335 series from Airoha, the SE873K5 is a new multi-constellation receiver in the ultra-high L1 frequency band, with a 7x7x2.25 mm QFN-like semiconductor package including embedded SPI flash, RTC and TCXO.

Key Points: 
  • Based on AG3335 series from Airoha, the SE873K5 is a new multi-constellation receiver in the ultra-high L1 frequency band, with a 7x7x2.25 mm QFN-like semiconductor package including embedded SPI flash, RTC and TCXO.
  • Due to its compact size, the latest generation chipset and the advanced power modes, the SE873K5 brings the benefits of low cost, small form factor and good electrical and thermal performance, which is ideal for applications such as wearables, fleet tracking, drones and more.
  • The SE873K5 simultaneously tracks and navigates all four GNSS constellations GPS, Galileo, GLONASS and Beidou providing GNSS information over a UART, I2C or SPI interface serial port using the NMEA Protocol.
  • Additionally, the internal flash memory allows firmware updates and customization, as well as ephemeris predictions storage.