Global Global Navigation Satellite System (GNSS) Market Growth (Status and Outlook) 2023-2029

Global Global Navigation Satellite System (GNSS) Market Growth (Status and Outlook) 2023-2029

Global Navigation Satellite System (GNSS) is the infrastructure that allows users with a compatible device to determine their position, velocity and local time by processing signals from satellites in space. GNSS signals are provided by a variety of satellite positioning systems, including global Constellations and Satellite-Based Augmentation Systems. Global Navigation Satellite System (GNSS) plays a significant role in high precision navigation, positioning, timing, and scientific questions related to precise positioning. Of course in the widest sense, this is a highly precise, continuous, all-weather and a real-time technique.

The GNSS market comprises products (receivers and devices) and services using GNSS-based positioning as a significant enabler. This Market Report primarily considers the core GNSS market . For multi-function devices (e.g. smartphones), the core market includes the value of GNSS functionality only, rather than the full device price and service revenues directly attributable to GNSS functionality (e.g. data downloaded by smartphones over cellular networks to use Location-Based Services). For multi-function devices, a correction factor is taken into account.

LPI (LP Information)' newest research report, the “Global Navigation Satellite System (GNSS) Industry Forecast” looks at past sales and reviews total world Global Navigation Satellite System (GNSS) sales in 2022, providing a comprehensive analysis by region and market sector of projected Global Navigation Satellite System (GNSS) sales for 2023 through 2029. With Global Navigation Satellite System (GNSS) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Global Navigation Satellite System (GNSS) industry.

This Insight Report provides a comprehensive analysis of the global Global Navigation Satellite System (GNSS) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Global Navigation Satellite System (GNSS) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Global Navigation Satellite System (GNSS) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Global Navigation Satellite System (GNSS) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Global Navigation Satellite System (GNSS).

The global Global Navigation Satellite System (GNSS) market size is projected to grow from US$ 161360 million in 2022 to US$ 229730 million in 2029; it is expected to grow at a CAGR of 5.2% from 2023 to 2029.

The Global Navigation Satellite System (GNSS) industry plays a vital role in the ability of the countries to determine the position, velocity and local time from satellites in space. Over the past few years, the rapid growth in GNSS commercial applications has been observed by the firms building navigation satellites and equipments. The advancement in technology and increasing interest in positioning techniques based on Global Navigation Satellite Systems (GNSS) such as Global Positioning System (GPS), cellular network infrastructure or on the integration of the two technologies for applications such as Automatic Vehicle Location (AVL), tracking systems, navigation has led to development in the navigation system of various countries such as US, India, China etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Global Navigation Satellite System (GNSS) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Global Constellations Systems
Regional Constellations Systems
Satellite-Based Augmentation Systems (SBAS)

Segmentation by application
Location-Based Services (LBS)
Road & Rail
Aviation
Maritime
Agriculture
Surveying
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Qualcomm
Broadcom
MediaTek
SkyTraq
Intel
STMicroelectronics
FURUNO
Raytheon Company
Rockwell Collins
TomTom NV
Topcon Corporation
Trimble Navigation Ltd
U-blox

Please note: The report will take approximately 2 business days to prepare and deliver.