Navigation Satellite Systems Market By Component (Devices, Services), By Type (Global Constellations, Regional Constellations, Satellite-based Augmentation Systems), By Application (Consumer and Health Solutions, Road and Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Global navigation satellite system (GNSS) refers to a constellation of satellites, which provides signals from the space that relays positioning, navigation, and timing data to the GNSS receiver. It provides accurate real-time positioning and timing services to users across the globe.
The growth of the global navigation satellite system market has propelled due to increase in the adoption of autonomous vehicles for several applications and growth in dependence on location-based services. However, cyber-attacks impacting navigation satellite systems and inaccuracy in GNSS data are the factors that restrain the growth of the market. Furthermore, fusion of 5G and GNSS is the factor expected to offer growth opportunities during the forecast period.
Space research agencies are focusing on utilization of signals from multiple global navigation satellite system (GNSS) constellations to complete space missions. The GNSS constellations is expected to provide reliable timing & navigation data to support space missions. For instance, in January 2021, under its Space Communications and Navigation (SCaN) program, NASA is developing a navigation architecture which is anticipated to provide precise and reliable Position, Navigation and Timing (PNT) data for the Artemis missions. GNSS signals is projected to be a part of this architecture and is expected to provide Artemis missions to the Moon with reliable timing and navigation data.
The navigation satellite system market is segmented on the basis of type, component, application, and region. By type, it is segmented into global constellations, regional constellations, and satellite-based augmentations. By component, it is classified into devices and services. By devices, it is further bifurcated into smartphones, mobiles & PDAs, personal tracking devices, sport & wearables, and other devices. By services, it is further bifurcated into added-value services and augmentation services. By application, it is fragmented into consumer and health solutions, road & automotive, and others.
Based on consumer and health solutions, it is further bifurcated into navigation & tracking, health & lifestyle, and tourism & corporate. By road & automotive, it is further fragmented into personal navigation device, road user charging, public transport buses, in-vehicle system, road fleet management, connected & automated driving, and others.
On the basis of others, it is further classified into aviation & drones, agriculture, maritime & inland waterways, infrastructure, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the navigation satellite market analysis from 2021 to 2031 to identify the prevailing navigation satellite market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the navigation satellite market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global navigation satellite market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
Devices
Services
By Type
Global Constellations
Regional Constellations
Satellite-based Augmentation Systems
By Application
Consumer and Health Solutions
Road and Automotive
Others
By Region
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Furuno Electric
Hemisphere GNSS
Hexagon
L3 Harris Corporation
Laird Plc
Navtech GPS
Qualcomm Inc
Texas Instruments
Topcon Corporation
Trimble Inc.
Garmin Ltd
Raytheon Technologies Corp.
SkyTraq Technology, Inc.
STMicroelectronics
Broadcom Inc.
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