The Global
Navigation Satellite System (GNSS) market is foreseen to grow by 8.8%, from USD
169.52 Billion in 2021 to USD 332.85 Billion in 2029. Growing adoption of
unmanned vehicles/autonomous vehicles for various applications, high demand for
positioning, navigation, and time-sync (PNT) dependable services, launch of
innovative and advanced IoT based electronic devices is to drive the market for
the upcoming forecast period. However, growing need to protect navigation
satellite systems from cyber attacks, high initial cost associated with GNSS upstream
component remains one factor hindering the market growth over the anticipated
period.
Market Definition
What is Global Navigation
Satellite System (GNSS)?
Global Navigation Satellite Systems (GNSS) include
constellations of Earth-orbiting satellites that broadcast their locations in
space and time, of networks of ground control stations, and of receivers that
calculate ground positions by trilateration. GNSS are used in all forms of
transportation: space stations, aviation, maritime, rail, road and mass
transit.
Market Overview
The
Global Navigation Satellite System (GNSS) market search study helps to
thoroughly understand the current trend in the market competitive analysis of
the players in the emerging market. Moreover, the DRO in the Global Navigation
Satellite System (GNSS) market offers valuable perspicuity and a current
scenario for making the right decision. The research study covers the eminent
players in the market with a detailed analysis of the company and a financial
overview containing their net sales, business mix and geographical reach It
mainly focuses on the key developments of the products/services offered by the
company in recent years. Besides, we at Zettabyte have the expertise to analyses
the Global Navigation Satellite System (GNSS) market player's competitive
landscape helping the client comprehend their specific strategic growth
approaches.
Global
Navigation Satellite System (GNSS) market study by "Zettabyte
Analytics" offers details about the market scope, market segmentation,
technological advancement in the Global Navigation Satellite System (GNSS)
market and highlights the optimistic, competitive landscape and trends enduring
over the years.
Major players in the
Global Navigation Satellite System (GNSS) market include Avidyne Corporation,
FEI-Zyfer Inc., Furuno USA Inc., Garmin International Inc., Harris Corporation,
Hemisphere GNSS Inc., Hexagon AB, KVH Industries Inc., Leica Geosystems AG,
Magellan Navigation Inc., Microsemi Corporation, Mio Application Benelux N.V.,
MiTAC International Corporation, NavCom Application Inc., Navico Inc., NovAtel,
Inc., Orolia Group, Raytheon Company, Rockwell Collins Inc., TomTom
International B.V., Topcon Corporation, Trimble Navigation Limited.
COVID-19 Impact on Global
Navigation Satellite System (GNSS) Market
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. the impact of COVID-19 on the Global Navigation
Satellite System (GNSS) market has forced the companies to change their
sourcing, pricing, and promotion strategies. the Global Navigation Satellite
System (GNSS) market players are seen focusing more on optimizing the e-commerce
networks with the rising innovations in the digital sector, which are creating
new business models for the aerospace and space industry player.
Research Scope
The report
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). the market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
Key industry
dynamics, regulatory scenarios, major material dynamics and Global Navigation
Satellite System (GNSS) market future markets are analyzed to understand their
impact on demand for the forecast period. growth rates have been estimated
using correlation, regression and time-series analysis.
Market Segmentation
For the purpose
of this report, the Global Navigation Satellite System (GNSS) market segmented
on the basis of Type, Application, End User, and region:
Type Outlook:
On the basis of
type, the market is segmented into global constellations, regional
constellations, satellite-based augmentation.
Figure 1 Global Navigation Satellite System
(GNSS) Market By Type (Market Size And Forecast By Value - USD Million, 2021
& 2029)