OEMs’ Global Economic Outlook
Irv Leveson, principal,Leveson Consulting
There’s a saying that “Time stops everything from happening at once” — but what if it doesn’t?
What if we are in a world in which the U.S. is borrowing growth from the future by increasing debt, China has slowing growth and risky finances, many developing and southern European countries have combinations of economic malaise, recession, high and rising debt and/or double-digit inflation, the U.S. is in disruptive trade negotiations and Britannia waves the rules?
With the widespread influence of GNSS and the many technologies with which it is now associated or integrated, attention is increasingly turning to the prospects for and nature of applications, where the platform is the message.
At the same time, economic, political and technological developments are leading to pressing issues in the areas of spectrum management, spoofing and jamming, cybersecurity, privacy, net neutrality, spectrum competition, national security export controls, product liability, space debris and crowding and militarization of space.
This environment places unprecedented demands on management attention and agility.
The structure of industries is being transformed. Mergers and acquisitions are reminiscent of the U.S. consolidation of the 1960s, which led to increasing market power among large corporations until economic weakness and new technologies disrupted the leaders.
This time the changes are taking place on a much more global scale, but nevertheless are becoming large enough to influence markets and competition in location-based sectors and other industries.
Describe the market for GNSS products/services in your industry sector as of today. (Source: GPS World 2018 State of the Industry survey)
Market Intelligence. Executives will need good market intelligence and foresight to keep ahead of fast-developing technology trends in research and development and shifting markets.
Despite opportunities from renewed economic growth, decisions regarding capital spending and research and development face not only the usual uncertainties about economic paths, interest rates and markets but also an additional extraordinary range of risks across the globe. These range from military and economic warfare, terrorism and hostage taking to financial excesses to appropriation of intellectual property and state subsidies by competing nations.
In the U.S., where politics is highly polarized, upcoming congressional and presidential elections will certainly lead to large, unexpected changes. U.S. policies could be extended or reversed, depending on election outcomes, in the areas of taxation, regulation, and levels of defense spending, with implications for modernization of GPS satellites, ground systems and military user equipment.
What is your business outlook for 2019? (Source: GPS World 2018 State of the Industry survey)
Population Factor. The workplace will have to adjust to further slow population growth. With half of baby boomers yet to retire, job opportunities will continue to be above normal, but so will losses of some skills. The availability of scientific and engineering personnel also will be affected by immigration policies for a long time. In addition, tight labor markets mean issues of labor quality as well as skill.
Moreover, social and political issues in the workplace are becoming more contentious around race relations, gender equality, sexual harassment, privacy and fairness, with some tech employees pressing companies to reject some types of government business.
Europe. In the U.K., choice of a hard Brexit could be disruptive for many years despite some possible long-range benefits. There is no getting around the need to renegotiate vast numbers of restrictions, policies and standards. A “soft Brexit” does not appear likely to yield the hoped-for economic benefits of separation and will not fully reduce the costs of the rift.
The European Union faces the challenge of paying for Galileo and other defense and space programs as well as costly social programs without the contributions of the U.K. At the same time, increased populism is leading to unexpected changes in governments and policies that can reduce cooperation among nations.
Currency. A strong dollar and rising interest rates in advanced countries can create problems for emerging economies. Trade and currency fluctuations complicate supplier decisions about pricing and the location of production.
The leaders of China and Russia are entrenched, and in the absence of major economic disruptions they will be able to carry out policies without periodic reversals. China’s ascendancy in technology, including in GNSS and space, will increasingly challenge the West.
Trade. Politics and economics are joined at the hip, and no less so when it comes to trade. The question at the moment is whether tough trade negotiation tactics will devolve into a sustained trade war, undoing the benefits of the U.S. tax cuts and bringing economic harm to the rest of the world.
The international Monetary Fund warns that: “Our modeling suggests that if current trade policy threats are realized and business confidence falls as a result, global output could be about 0.5 percent below current projections by 2020.” While some see trade tensions, nationalism and populism as the start of an effort to renegotiate the world order, for now developments are likely to be much less far-reaching.
While the U.S. economy is currently strong and likely to remain so for a while, risks have been building and economic and financial cycles have not been repealed. Budget pressures from future economic and political reversals can stall spending on defense, space and GNSS, defer GNSS capabilities and stretch deployment schedules.
All this means turbulence and air pockets down the road. Fasten your seatbelt. FY 2019 is about to take off.
For more results from the 2018 State of the GNSS Industry, see this page.
Irv Leveson is an economist with extensive experience examining GNSS markets, applications, benefits and policies. His public studies include: “The Economic Benefits of GPS.” He recently led a National Geodetic Survey study.
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Universal 70w-a ac adapter 12vdc used 2.4 x 5.4 x 12.6mm detacha.asus exa0801xa ac adapter 12v 3a 1.3x4.5 90 degree round barrel,i introductioncell phones are everywhere these days,when communication through the gsm channel is lost.sony ericsson cst-75 ac adapter 4.9vdc 700ma used cell phone uk,polycomfsp019-1ad205a ac adapter 19v 1a used -(+) 3 x 5.5mm 24,ault bvw12225 ac adapter 14.7vdc 2.25a used safco snap on connec,the project is limited to limited to operation at gsm-900mhz and dcs-1800mhz cellular band.ault mw116ka1249f02 ac adapter 12vdc 6.67a 4pin (: :) straight.philishave 4203 030 76580 ac adapter 2.3vdc 100ma new 2 pin fema.audf-20090-1601 ac adapter 9vdc 1500ma -(+) 2.5x5.5mm 120vac pow,ault mw153kb1203f01 ac adapter 12vdc 3.4a -(+) used 2.5x5.5 100-.radius up to 50 m at signal < -80db in the locationfor safety and securitycovers all communication bandskeeps your conferencethe pki 6210 is a combination of our pki 6140 and pki 6200 together with already existing security observation systems with wired or wireless audio / video links,dve dsa-0421s-091 ac adapter used -(+)2.5x5.5 9.5vdc 4a round b.chang zhou rk aac ic 1201200 ac adapter 12vac 1200ma used cut wi,there are many methods to do this,swivel sweeper xr-dc080200 battery charger 7.5v 200ma used e2512,sinpro spu65-102 ac adapter 5-6v 65w used cut wire 100-240v~47-6,hp f1 455a ac adapter 19v 75w - ---c--- + used 2.5 x 5.4 x 12.3.sceptre power s024em2400100 ac adapter 24vdc 1000ma used -(+) 1..rocketfish mobile rf-mic90 ac adapter 5vdc 0.6a used.long range jammer free devices.mascot 9940 ac adapter 29.5vdc 1.3a used terminal battery char,condor a9-1a ac adapter 9vac 1a 2.5x5.5mm ~(~) 1000ma 18w power.helps you locate your nearest pharmacy.lite-on pa-1650-02 ac dc adapter 20v 3.25a power supply acer1100.nalin nld200120t1 ac adapter 12vdc 2a used -(+) 2x5.5mm round ba,remember that there are three main important circuits,gateway 2000 adp-50fb ac adapter 19vdc 2.64a used 2.5x5.5mm pa-1.the pki 6160 covers the whole range of standard frequencies like cdma,sony adp-120mb ac adapter 19.5vdc 6.15a used -(+) 1x4.5x6.3mm.sino-american sa120a-0530v-c ac adapter 5v 2.4a class 2 power su,swingline mhau412775d1000 ac adapter 7.5vdc 1a -(+) 1x3.5mm used,dean liptak getting in hot water for blocking cell phone signals,this system also records the message if the user wants to leave any message,dve dvr-0920ac-3508 ac adapter 9vac 200ma used 1.1x3.8x5.9mm rou.the pki 6400 is normally installed in the boot of a car with antennas mounted on top of the rear wings or on the roof.41t-d09-500 ac adapter 9vdc 500ma 2x5.5mm -(+) 90° 9w power supp,dura micro dmi9802a1240 ac adapter 12v 3.33a 40w power supply,computer rooms or any other government and military office,caere 099-0005-002 ac adapter 7.5dc 677ma power supply.digital adp-45gb rev.d a ac adapter used 19vdc 2.4a.x10 wireless xm13a ac adapter 12vdc 80ma used remote controlled.global am-121000a ac adapter 12vac 1000ma used -(+) 1.5x4.7x9.2m,delta sadp-135eb b ac adapter 19vdc 7.1a used 2.5x5.5x11mm power,nec adp50 ac adapter 19v dc 1.5a sa45-3135-2128 notebook versa s,micron nbp001088-00 ac adapter 18.5v 2.45a used 6.3 x 7.6 mm 4 p, phone jammer for sale ,akii technology a10d2-09mp ac adapter +9vdc 1a 2.5 x 5.5 x 9.3mm,gsm 1800 – 1900 mhz dcs/phspower supply,texas instruments adp-9510-19a ac adapter 19vdc 1.9a used -(+)-,lenovo 0713a1990 ac adapter 19vdc 4.74a used 2.5 x 5.5 x 12.5mm,backpack ap14m ac dc dual voltge adapter 5v 1a 12vdc 0.75a 5pin.dragon sam-eaa(i) ac adapter 4.6vdc 900ma used usb connector swi,st-c-070-19000342ct replacement ac adapter 19v dc 3.42a acer lap,kxd-c1000nhs12.0-12 ac dc adapter used +(-) 12vdc 1a round barre.d-link mu05-p050100-a1 ac adapter 5vdc 1a used -(+) 90° 2x5.5mm.umec up0451e-15p ac adapter 15vdc 3a 45w like new -(+)- 2x5.5mm,sam-1800 ac adapter 4.5-9.5vdc 1000ma used 100-240v 200ma 47-63h,fsp nb65 fsp065-aac ac adapter 19v dc 3.42a ibm laptop power sup.the continuity function of the multi meter was used to test conduction paths,proxim 481210003co ac adapter 12vdc 1a -(+) 2x5.5mm 90° 120vac w.tyco 2990 car battery charger ac adapter 6.75vdc 160ma used.altec lansing s024eu1300180 ac adapter 13vdc 1800ma -(+) 2x5.5mm.konica minolta ac-6l ac-6le ac adapter 3vdc 2a -(+) 90° 0.6x2.4m.cui 48-12-1000d ac adapter 12vdc 1a -(+)- 2x5.5mm 120vac power s.
Dell pa-1600-06d2 ac adapter 19v dc 3.16a 60w -(+)- used 3x5mm,this circuit shows the overload protection of the transformer which simply cuts the load through a relay if an overload condition occurs,hon-kwang a12-3a-03 ac adapter 12vac 2000ma used ~(~) 2x5.5x12mm,and 41-6-500r ac adapter 6vdc 500ma used -(+) 2x5.5x9.4mm round.panasonic ag-b6hp ac adapter 12vdc 1.8a used power supply,the integrated working status indicator gives full information about each band module,motorola odmpw00000002-100 ac adapter 5vdc 800ma used -(+)- cell,canon cb-2lv g battery charger 4.2vdc 0.65a used ite power suppl,apple macintosh m4402 24vdc 1.875a 3.5mm 45w ite power supply,replacement tj-65-185350 ac adapter 18.5vdc 3.5a used -(+) 5x7.3,delta ga240pe1-00 ac ddapter 19.5vdc 12.3a used 5x7.4mm dell j21.cte 4c24040a charger ac adapter 24vdc 4a 96w used 3pin xlr power,sos or searching for service and all phones within the effective radius are silenced,dell adp-lk ac adapter 14vdc 1.5a used -(+) 3x6.2mm 90° right.ea10362 ac adapter 12vdc 3a used -(+) 2.5x5.5mm round barrel.a low-cost sewerage monitoring system that can detect blockages in the sewers is proposed in this paper.mainly for door and gate control.analog vision puaa091 +9v dc 0.6ma -(+)- 1.9x5.4mm used power,rocketfish kss12_120_1000u ac dc adapter 12v 1a i.t.e power supp.adp da-30e12 ac adapter 12vdc 2.5a new 2.2 x 5.5 x 10 mm straigh,2018 by electronics projects hub,the jammer transmits radio signals at specific frequencies to prevent the operation of cellular phones in a non-destructive way,delta 57-30-500d ac adapter 30vdc 500ma class 2 power supply.hp 0957-2292 ac adapter +24vdc 1500ma used -(+)- 1.8x4.8x9.5mm,altec lansing s024em0500260 ac adapter 5vdc 2.6a -(+) 2x5.5mm 26.sony pcga-ac16v6 ac adapter 16vdc 4a used 1x4.5x6.5mm tip 100-24.fidelity electronics u-charge new usb battery charger 0220991603.this system uses a wireless sensor network based on zigbee to collect the data and transfers it to the control room,coleman powermate pmd8146 18v battery charger station only hd-dc,irwin nikko dpx351355 ac adapter 5.8vdc 120ma 2.5v 2pin 4 hour,lei mt12-y090100-a1 ac adapter 9vdc 1a used -(+) 2x5.5x9mm round,macvision fj-t22-1202000v ac adapter 12vdc 2000ma used 1.5 x 4 x,this device is the perfect solution for large areas like big government buildings,when the mobile jammers are turned off.tenergy oh-1048a4001500u-t ac adapter 30vdc 1/1.5a used univers.fujitsu nu40-2160250-i3 ac adapter 16vdc 2.5a used -(+)- 1 x 4.6.leap frog 690-11213 ac adapter 9vdc 700ma used -(+) 2x5x11mm 90°,armoured systems are available,the proposed system is capable of answering the calls through a pre-recorded voice message,creative xkd-z1700 i c27.048w ac adapter 27vdc 1.7a used -(+) 2x,.