Global Navigation Satellite System (GNSS) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Navigation Satellite System (GNSS) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The navigation satellite system is a satellite system that covers the whole world with autonomous geographical positioning, allowing a small electronic receiver to determine its location, and the time signal transmitted along the line of sight via satellite broadcast is accurate to within 10 meters. The precise time and position calculated by the receiver can be used as a reference for scientific experiments.

Market Overview:

The latest research study on the global Navigation Satellite System (GNSS) market finds that the global Navigation Satellite System (GNSS) market reached a value of USD 180562.45 million in 2022. It’s expected that the market will achieve USD 295070.82 million by 2028, exhibiting a CAGR of 8.53% during the forecast period.

Compared with other industries, GNSS can better deal with crises

The global COVID-19 epidemic is having an impact on every industry in the world, and it is also having a serious impact on the satellite industry. There is no doubt that every practitioner loves the industry they are engaged in very much, but when the global epidemic spreads and nearly 90% of the countries and regions in the United States and Europe are under lockdown, the strength and resilience of all walks of life will be extreme. Tests, we can't just rely on the enthusiasm of work to overcome the current challenges. The global blockade will have devastating economic effects on certain industries such as travel, entertainment, retail and various service industries. On the contrary, the economic forecasts of some industries are better than those of other industries. The areas that are expected to be able to better respond to the crisis include the aerospace and satellite fields. From a demand perspective, the navigation satellite system industry is better than the overall economy. Because this industry is highly dependent on the government, it can provide technical support to emergency personnel and provide appropriate services to general consumers.

Indispensable industry

In some areas of the GNSS industry, for example, as many as 70% of contracts for Earth observation are government contracts, coupled with the high reliability and robustness of GNSS, it is very important for communication and backup services in disaster situations. The characteristics prevent the industry from being severely affected by the global epidemic. Another important factor that keeps the GNSS industry in a relatively stable state is that it is recognized by the government as an indispensable industry. Therefore, the GNSS industry can continue to operate despite the blockade order. The Satellite Industry Association (SIA) emphasized the necessary role of the industry as follows: GNSS navigation and timing functions keep mobile cellular phone services running and help report the spread of the epidemic on a global scale. GNSS also provides a large number of emergency communications, remote sensing and other services that are important to the world to government customers such as the Department of Defense and the Department of Homeland Security.

The three major market demands continue to expand, and the market outlet highlights the value of configuration

The special agency market is showing an expansion trend due to the growth of defense spending and the tightening of international geopolitical relations, and the navigation satellite system (GNSS) performs well in military and police applications and disaster relief, and is expected to maintain long-term growth; navigation satellite system (GNSS) is in the industry The transportation, power dispatch, agriculture and fishery, weather detection and other aspects of the end market are widely used, and there is a demand for increment and quality assurance. The market scale will be further expanded in the future; the mass application of navigation satellite system (GNSS) has been widely used in mass consumption, The lifestyle changes brought about by the sharing economy and people's livelihood will be more deeply rooted in the hearts of the people, and more demand will be ushered in. These factors have also promoted the development of the GNSS market.

PVT precision technology limitations

With the introduction of GNSS into various fine operations, the current PVT accuracy has become increasingly difficult to meet the requirements. People eagerly hope that GNSS can provide more accurate PVT solution results. The improvement of PVT calculation accuracy is affected by measurement errors. Several main types of measurement errors and the pseudo range measurement errors introduced are given. In addition to the above measurement errors, the spatial geometric layout of the constellation that affects the accuracy of the PVT solution is also known as DOP. The larger the DOP, the greater the attenuation of the PVT accuracy.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

Hexagon is one of the major players operating in the Navigation Satellite System (GNSS) market, holding a share of 2.13% in 2022.

Hexagon

Hexagon AB is a global technology group headquartered in Sweden. The company focuses on precision measurement technology and is divided into three business areas: geospatial measurement, industrial metrology and technology.

Trimble Navigation

Trimble Inc. is a software-as-a-service technology company located in Sunnyvale, California. Trimble serves the global agriculture, construction, geospatial, natural resources and utilities, government, transportation and other industries. Trimble is also engaged in the hardware development of global navigation satellite system receivers, laser rangefinders, drones, inertial navigation systems and software processing tools.

Segmentation Overview:

By type, Added-value services segment accounted for the largest share of market in 2021.

Device

At present, there are six major satellite navigation systems in the world, including four global satellite navigation systems: China's Beidou Satellite Navigation System (BDS), EU's Galileo (Galileo), the United States' GPS, Russia's GLONASS (GLONASS) ; And two regional satellite navigation systems: Japan’s Quasi-Zenith Satellite System (QzSS) and Indian Regional Navigation Satellite System (IRNSS). The user equipment part is mainly composed of GPS receivers, sensors and satellite antennas. GPS receivers are classified into geodetic survey type, total station type, timing type, handheld type and integrated type according to the model. According to their purpose, they are divided into vehicle-mounted, ship-borne, air-borne, air-borne and missile-borne.

Augmentation services

Augmentation services of a global navigation satellite system (GNSS) is a method of improving the navigation system's attributes, such as accuracy, reliability, and availability, through the integration of external information into the calculation process. There are many such systems in place and they are generally named or described based on how the GNSS sensor receives the external information.

Added-value services

GNSS is currently in the leading position in terms of service accuracy and reliability, and is ready to provide non-life-safe applications, including road services and location-based services. GNSS was originally considered a purely military application, but now value-added services have expanded to include users in government agencies, industries, and even consumer markets. Typical value-added services may include service guarantees, precise timing services, the provision of ionospheric delay models, local differential correction signals for extreme position determination, and other services based on system information data broadcasting.

Application Overview:

The market's largest segment by application is the segment Road, with a market share of 52.58% in 2021.

Key Companies in the global Navigation Satellite System (GNSS) market covered in Chapter 3:

Honeywell
Fugro
Trimble Navigation
Intel
SkyTraq
Broadcom
Garmin
STMicroelectronics
Oceaneering
Rockwell Collins
Tomtom NV
Topcon Corporation
Hexagon
MediaTek
Qualcomm
U-Blox
UniStrong

In Chapter 4 and Chapter 14.2, on the basis of types, the Navigation Satellite System (GNSS) market from 2018 to 2029 is primarily split into:

Device
Augmentation services
Added-value services

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Navigation Satellite System (GNSS) market from 2018 to 2029 covers:

Rail
Surveying
Agriculture
LBS
Timing Sync
Road

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)