Overview
Market Research Future (MRFR) report on the global navigation satellite system (GNSS) market is a critical evaluation that offers a succinct overview of the industry. The study covers the COVID-19 analysis of the global navigation satellite system (GNSS) market and offers a comprehensive and reliable illustration of market segments, recent trends, growth estimates, and market challenges from 2018 to 2023 (forecast period) with a view to identifying economic opportunities.
The navigation satellite system market to grow to USD 321.73 billion in 2030 at a CAGR of 11% in forecast period 2022-2030
The Global Navigation Satellite System (GNSS) is used to identify a user’s geographical location anywhere in the world. GNSS helps electronic receivers to locate the exact location of a person by using geospatial frequencies. The GNSS uses the triangulation method to locate the user with the aid of calculations involving information from a variety of satellites. Common GNSS systems are the United States’ Global Positioning System (GPS), the Russian Federations Global Orbiting Navigation Satellite System (GLONASS), and Europe’s Galileo. Every satellite system transmits coded signals at precise intervals. The receiver receives the signal and converts it into information related to velocity, position, and time estimates. With this information, any receiver near the surface of the earth can calculate the exact distance between the transmitter and the receiver and the actual location of the transmitting satellite.
In the event of a failure of satellite systems, the GNSS receivers immediately pick up signals from other adjacent systems. The four criteria used to measure the performance of GNSS are accuracy, integrity, continuity, and availability. Accuracy depends on the difference between the measured value of the receiver and the actual position. Integrity is the capacity of the system to provide notifications before any system error is detected. Continuity is the ability of the system to function without interruption. Availability is a measure of the time the signal takes to fulfill all the accuracy, integrity, and continuity criteria.
Key Players
The industry leaders in the navigation satellite system (GNSS) market are Qualcomm Technologies International Ltd. (US), Trimble Navigation Ltd. (US), AgJunction, Inc. (US), Garmin Ltd. (Switzerland), Hexagon (Sweden), Raytheon Company (US), Topcon Corporation (Japan), Rockwell Collins (US), Furuno Electric Co Ltd. (Japan), and TomTom NV (Netherlands) among others.
Trimble Inc. is one of the major players in the GNSS industry. Trimble provides products and solutions regarding GNSS like Integrated GNSS Systems, Modular GNSS Systems, Data Radios, Software-Based Receivers, Handheld GNSS Systems, and Antennas.
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Market Segmentation
The global navigation satellite systems market has been segmented into application and technology.
By application, the global navigation satellite systems market has been segmented into agriculture, aviation, location-based services, maritime, road, rail, surveying, and time & synchronization. Location-based services are further divided into smartphones, tablets, digital cameras, portable computers, sport & wearable’s, personal tracking devices, search & rescue (PLB). Maritime is further divided into search & rescue (plb), search & rescue (epirb), traffic management, merchant navigation, homeland security, inland water transport (iww) navigation, recreational navigation, ports, marine engineering, and fishing vessels. Surveying is further divided into cadastral, construction – machine control, construction – person based mining, mapping, and marine surveying. Timing & synchronization is further divided into telecommunication, energy, and finance.
By technology, the global navigation satellite systems market has been segmented into global constellations and satellite-based augmentation systems (SBAS). Global constellations are segmented into GPS, GLONASS, Galileo, and BeiDou. Satellite-based augmentation systems is divided into EGNOS (Europe), WAAS (North America), GAGAN (India), and MSAS (Japan).
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Regional Analysis
By region, the global navigation satellite systems market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
North America is expected to dominate the navigation satellite systems market in the forecast period. The US, Canada, and Mexico lead the navigation satellite systems market in the North American region. In the United States, this market is growing steadily as they have their own GNSS (global navigation satellite system) name NAVSTAR GPS.
The market for navigation satellite systems in Asia Pacific is also expected to develop faster during the forecast period due to the presence of large telecommunications industries. Consumer electronics like mobile phones, which increase scope of application for navigation systems in the Asia Pacific region. Recently, India’s PSLV launched 31 satellites in a single flight in which 2 satellites are from other countries.