GNSS Market Size & Share Report
Rising applications across automotive, aviation, and consumer electronics, which increasingly depend on GNSS for precise positioning and navigation solutions.
AUSTIN, TX, UNITED STATES, November 20, 2024 /
EINPresswire.com/ -- Market Size & Industry Insights
As Per the SNS Insider,“The global
Global Navigation Satellite System (GNSS) Market Size was valued at USD 270.51 billion in 2023 and is expected to reach USD 617.27 billion by 2032, and grow at a CAGR of 9.6% over the forecast period 2024-2032.”
Increased Demand for Location-Based Services
As consumers and businesses continue to rely on real-time data for navigation, asset tracking, and remote monitoring, GNSS technology has become indispensable. The integration of GNSS with advanced technologies like IoT and AI has enhanced its functionality in critical applications such as fleet management, smart city planning, and agriculture. Moreover, innovations in satellite technology and government-backed initiatives to enhance regional navigation systems are further boosting the adoption of GNSS solutions worldwide, paving the way for unprecedented market growth.
Global Navigation Satellite Systems (GNSS): Ensuring Reliable Position, Navigation, and Timing across the Globe
GNSS converts satellite positioning data into digital signals, enabling systems like the European Galileo, the US NAVSTAR GPS, Russia's GLONASS, and China’s BeiDou to offer precise location-based information. To ensure reliability, companies must have disaster recovery plans addressing signal transmission and reception accuracy. System integrity provides warnings about potential failures, helping to prevent service disruptions. GNSS ensures continuous access to essential location-based services, supporting uninterrupted operations across various sectors globally.
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SWOT Analysis of Key Players as follows:
- Qualcomm Inc
- Texas Instrument
- Trimble Inc.
- Rockwell Collins
- Broadcom Inc.
- Hexagon
- Furuno Electric
- Laird Plc
- Cobham Pl
- Harris Corporation
- Topcon Corporation
- Aglunction
- Topcon Corporation
- TomTom NV
- Rockwell Collins
Global Navigation Satellite System (GNSS) Market Soars: Global Constellations Lead, While SBAS and LBS Drive Rapid Growth Across Industries
By Type
Global Constellations, currently dominate the GNSS market with their global coverage, extensive industry adoption, and high reliability across sectors like aviation, transportation, and defense. These systems meet the high demand for accurate, universal location-based services. Meanwhile, Satellite-Based Augmentation Systems (SBAS) are emerging as the fastest-growing segment due to their ability to enhance GNSS signal accuracy, reliability, and integrity. This capability is especially critical in high-precision applications, such as aviation and autonomous navigation, and the demand for advanced safety and positioning features across various sectors is fueling rapid SBAS adoption.
By Application
The Navigation segment currently dominates the GNSS market, driven by extensive adoption in consumer, automotive, and maritime industries. With millions of vehicles, smartphones, and wearable devices equipped with navigation systems, it holds the largest share among GNSS applications, fueled by the high demand for precise, real-time navigation data. Meanwhile, Location-Based Services (LBS) are the fastest-growing segment, propelled by rising demand for real-time location data in e-commerce, advertising, and emergency response. As LBS becomes essential in smart cities, mobile marketing, and IoT applications, its adoption is rapidly accelerating, positioning it as a key growth area in the GNSS market.
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KEY MARKET SEGMENTS:
BY TYPE
Global Constellations
Regional Constellations
Satellite based Augmentation
BY APPLICATION
Navigation
Mapping
Surveying
Telematics
Location based services (lBS)
Other
BY END-USER
Rail
Agriculture
Aviation
Others
"North America Leads the Navigation Satellite System Market Amid Global Expansion"
North America stands at the forefront of the Navigation Satellite System Market, boasting the world’s most advanced tracking technology and extensive adoption of high-tech solutions, with Europe and Asia-Pacific following closely. As global demand surges, many countries are actively developing enhanced systems to meet market needs. North America, Europe, and Asia-Pacific are forecasted to experience substantial market growth, with North America—comprising the United States, Mexico, and Canada—emerging as a key driver through 2031. With growing investments and increasing demand, the navigation satellite market is positioned for accelerated expansion globally.
Recent Development
-In July 2021, Thales Alenia Space, ASECNA, Geoflex, and NigComSat advanced the development of A-SBAS (Satellite-Based Augmentation System) to provide precise point positioning and risk warnings across Africa and the Indian Ocean.
-In May 2020, Trimble expanded its CenterPoint
® RTX Fast correction service to cover much of North America, enhancing autonomous applications and positioning accuracy for both on- and off-road markets, improving safety, efficiency, and productivity.
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Key Takeaways
-The GNSS market is witnessing significant growth due to rising demand across consumer, automotive, and industrial sectors.
-North America dominates the market with robust technology infrastructure, while Asia-Pacific emerges as the fastest-growing region, driven by strong government initiatives and rising industrial applications.
-Recent advancements and partnerships are enhancing GNSS accuracy and efficiency, paving the way for new applications across multiple sectors.
Table of Content - Major Points Analysis
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Research Methodology
Chapter 4. Market Dynamics Impact Analysis
Chapter 5. Statistical Insights and Trends Reporting
Chapter 6. Competitive Landscape
Chapter 7. GNSS (Global Navigation Satellite System) Market Segmentation, by Type
Chapter 8. GNSS (Global Navigation Satellite System) Market Segmentation, by Application
Chapter 9. GNSS (Global Navigation Satellite System) Market Segmentation, by End-User
Chapter 10. Regional Analysis
Chapter 11. Company Profiles
Chapter 12. Use Cases and Best Practices
Chapter 13. Conclusion
Continued…
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