Global Navigation Satellite System (GNSS) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Global Navigation Satellite System (GNSS) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Global Navigation Satellite System Market

The global navigation satellite system market size was valued at USD 160.69 billion in 2020, and the market is now projected to grow from USD 175.19 billion in 2021 to USD 320.73 billion by 2028, exhibiting a CAGR of 9.02% during the forecast period of 2021-2028.

The pandemic has significantly impacted various market industries, with high growth regions affecting product manufacturing, new product supply, and raw material supply. Despite this, the global market has continued to grow at a stellar rate, with the sensitivity and growth of the market being defined by the following details.

Unmanned robotic vehicles (URV) have visible a surge in global call for because of their greater skills in numerous industries. These cars, such as UAVs, UUVs, and UGVs, require integration of navigation satellite system receivers to degree unique actual-time positioning information. The statistics is essential in applications like surveying, search and rescue, mapping, self-reliant transport, and military combat missions. Advanced GNSS/INS receivers allow UAVs to perform effectively even in weak sign reception regions, growing call for GNSS/INS included UAVs. This increase is expected to fuel the global navigation satellite system market growth for the duration of the forecast length.

Advanced navigation machine technology is critical for the efficient and reliable operation of unmanned cars (UAVs). Global navigation satellite gadget receivers provide actual-time region and time data, enabling I-JGVs and UAVs to navigate competently and hold a secure distance. The increasing development of those cars in developing economies like China offers opportunities to help marketplace growth throughout the forecast length.

Comprehensive Analysis of Global Navigation Satellite System Market

In 2020, the global constellation segment of the navigation satellite market is expected to dominate, with satellite constellations like GPS, GLONASS, and Galileo providing global coverage for navigation services. Regional constellations include NAVIC and QZSS, providing regional coverage for navigation services. The satellite-based augmentations (SBAS) segment is expected to grow due to the lack of realization of this technology until mid-2020. Public SBAS systems like EGNOS, WAAS, MSAS, and GAGAN are expected to strengthen market growth. The market is segmented into rail, surveying, agriculture, LBS, timing synch, road, maritime, aviation, and others based on application. Road applications hold key shares in 2020, with navigation satellites used for various applications in LBS, enterprise applications, safety and emergency, sports, games, augmented reality, personal tracking, and social networking. Smart mobility applications, such as navigation, fleet management, and traffic control, are gaining popularity due to increased use of technologies for safety and efficiency. Navigation satellites are also widely used for cadastral surveying, construction surveying, machine control applications, urban planning, environmental, cartographic purposes, and mine surveying and infrastructure monitoring.

The North America region lead the global navigation satellite system market share by benefitting a market size of USD 65.90 billion in 2020 due to its multi-sensor facts acquisition gadget for song mapping. Mexico and Canada are adopting Driver Advisory System (DAS) for rail packages, boosting the marketplace. Positive Train Control (PTC) implementation in the U.S. Combines control, communications, statistics structures protection, security, precision, and efficiency for train moves, which includes GNSS for train positioning.

The digital components market is fragmented due to sturdy product portfolios from fundamental corporations in advanced and emerging nations. However, mild access barriers are predicted to boom home players entering the global marketplace by 2028. Key producers consist of Qualcomm, Texas Instrument, Trimble, Rockwell Collins, Harris Corporation, Cobham Plc., and Laird Plc. Key vendors include Harris Corporation, Cobham Plc., and Laird Plc. OEMs on this market must attention on modern merchandise, services, software, strategic acquisitions, partnerships, and collaborations.

Thales Alenia Space, ASECNA, Geoflex, and NigComSat are collaborating on the development of A-SBAS, a satellite-based augmentation system for Africa and the Indian Ocean, to provide precise point positioning and risk warnings for various African applications.

Segmentation Table

ATTRIBUTE DETAILS

Study Period2017-2028

Base Year2020

Estimated Year 2021

Forecast Period2021-2028

Historical Period2017-2019

UnitValue (USD billion)

SegmentationBy Type

Global Constellations

Regional Constellations

Satellite-based Augmentation

By Application

Rail

Aviation

Maritime

Surveying

Time Synch

Agriculture

LBS

Road

Others

By Region

North America (By Type, By Application, By Country)

U.S. (By Type)

Canada (By Type)

Europe (By Type, By Application, By Country)

U.K. (By Type)

Germany (By Type)

France (By Type)

Italy (By Type)

Russia (By Type)

Rest of Europe (By Type)

Asia Pacific (By Type, By Application, By Country)

Japan (By Type)

China (By Type)

India (By Type)

Australia (By Type)

South Korea (By Type)

Southeast Asia (By Type)

Rest of Asia Pacific (By Type)

Latin America (By Type, By Application, By Country)

Brazil (By Type)

Argentina (By Type)

Rest of Latin America (By Type)

The Middle East& Africa (By Type, By Application, By Country)

South Africa (By Type)

Saudi Arabia (By Type)

Egypt (By Type)

Rest of the Middle East & Africa (By Type)

Please Note: It will take 5-6 business days to complete the report upon order confirmation.