Home » Computer & Software » Navigation Satellite System (GNSS) Market Competitive Landscape, Sales Revenue, Comprehensive Research Study Till 2027

Navigation Satellite System (GNSS) Market Competitive Landscape, Sales Revenue, Comprehensive Research Study Till 2027

Market Analysis

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 Navigation Satellite System 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.

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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.

Regional Analysis

The geographical overview of the global market has been analyzed in four major regions, comprising North America, the Asia Pacific, Europe, and the rest of the world.

In the forecast period North America is expected to dominate the navigation market for satellite systems. Satellite navigation system market in the North American region is dominated by the US, Canada, and Mexico. This market is growing very rapidly in the United States as they have their own GNSS (global navigation satellite system) called NAVSTAR GPS. The Global Navigation Satellite System Market in the Europe region is driven largely by the high demand for accurate navigation systems for maritime surveillance, transportation, and in the military and defense sector in this area. Due to the presence of major telecom industries, the Asia-Pacific market for satellite navigation systems is also expected to expand at a faster pace during the forecast period. Consumer electronics such as mobile phones which increase the reach of navigation systems applications in the Asia-Pacific region. India\-\-s PSLV recently launched 31 single-flight satellites of which 2 are from other countries. Due to the growing penetration of smartphones, increased demand for real-time navigation solutions and the integration of GNSS in agriculture, aviation and other sectors, the Asia Pacific region is projecting substantial growth in the global navigation satellite system market in the region.

Market Dynamics

The growing emphasis on positioning, navigation, and timing (PNT) tools in industrial, military, commercial, and government applications and increasing demand for indoor positioning and navigation devices and consumer privacy solutions are boosting the Navigation Satellite System Market However, ease of accessibility that leads to cyber threats and issues related to the storage of unstructured data restricts the GNSS industry\-\-s growth.

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).

Competitive Analysis

The major market players operating in the global market as identified by MRFR are Qualcomm Technologies International Ltd. (US), AgJunction, Inc. (US), Garmin Ltd. (Switzerland), Hexagon (Sweden), Furuno Electric Co Ltd. (Japan), Raytheon Company (US), Trimble Navigation Ltd. (US), Topcon Corporation (Japan), Rockwell Collins (US), and TomTom NV (Netherlands) among others.

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Posted by on 17. May 2021. Filed under Computer & Software. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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