Global Navigation Satellite System Global Market Report 2023: Intelligent Highway & ITS Favor Adoption of GNSS - ResearchAndMarkets.com

The "Global Navigation Satellite System (GNSS) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Navigation Satellite System (GNSS) Market to Reach $453 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Global Navigation Satellite System (GNSS) estimated at US$199.2 Billion in the year 2022, is projected to reach a revised size of US$453 Billion by 2030, growing at a CAGR of 10.8% over the analysis period 2022-2030. Road, one of the segments analyzed in the report, is projected to record a 10.8% CAGR and reach US$223.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Location-based Services (LBS) segment is readjusted to a revised 11% CAGR for the next 8-year period.

The U.S. Market is Estimated at $54.3 Billion, While China is Forecast to Grow at 14.9% CAGR

The Global Navigation Satellite System (GNSS) market in the U.S. is estimated at US$54.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$101.8 Billion by the year 2030 trailing a CAGR of 14.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 8.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$66.9 Billion by the year 2030.

Select Competitors (Total 57 Featured) -

• 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 Technology Benelux N.V.
• MiTAC International Corporation
• NavCom Technology Inc.
• Navico Inc.
• NovAtel, Inc.
• Orolia Group
• Raytheon Company
• Rockwell Collins Inc.
• TomTom International B.V.
• Topcon Corporation
• Trimble Navigation Limited

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Global Navigation Satellite System (GNSS): A Prelude
• GPS, GLONASS, Beidou/BDS, Galileo and NAVIC: A Comparison of GNSS Platforms
• Recent Market Activity
• Economic Benefits Offered Create Conducive Environment for Wider Proliferation
• Expanded Use Case & Wide Addressable Market Keep Market Momentum Intact
• High Tide in Satellite Services Sector Lends Platform for Market Growth
• Global Positioning System (GPS): The Widely Adopted GNSS Platform
• Full-Fledged Roll Out of GPS III to Further Augment Commercial Use of GPS
• Developed Regions: Key Revenue Contributors
• High-Growth Opportunities in Developing Regions
• Bright Prospects Ahead for GNSS Solutions Market
• Global Navigation Satellite System (GNSS) - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Road Applications: Important End-Use Category for GNSS Solutions
• As Satellite Navigation Becomes a Core Technology Block for Connected Car Systems & Autonomous Driving, Automotive Industry Emerges as a Key Revenue Pocket
• Intelligent Highway & ITS Favor Adoption of GNSS
• Expanding Role of Telematics in Fleet Management & Asset Tracking Augurs Well
• Driverless Cars: A Bright Prospect for High-End GNSS Systems
• Mining Entities Prefer GNSS for Machine Control Applications
• GNSS Gains Prominence in Infrastructure Development & Road Construction
• Increased Uptake of LBS Propagates Huge Growth Opportunities
• Advanced Surveying/Mapping Technologies Widen Scope & Span of GNSS
• Integration of GNSS Improves Architectural Survey Process
• Growing Lenience towards GIS Instigates New Opportunities for GNSS
• Aviation: A Niche End-Use Market for GNSS
• Healthy Commercial Aviation Outlook Bodes Well
• Rise of Unmanned Aircraft Extends New Set of Opportunities
• GNSS Extends its Proficiency in Marine Applications As Well
• Military & Defense: The Traditional Application Segment for GNSS/GPS Devices
• GNSS Continues to be a Specialized Tool for Timing Applications
• GNSS Assumes Critical Importance in Agriculture Sector
• Precision Farming Programs Lend Platform for GNSS in Agriculture Sector
• GNSS Emerges as Viable Tool for Georeferencing
• GNSS for Ecology & Geology Study Programs
• GNSS Seeks to Emerge as Disaster Prediction Tool
• GPS and HazMat Tracking - A Critical Use
• GNSS Makes Huge Progress in Mobile Devices
• Convergence with Smartphones: The Path-breaking Development for GNSS
• Handheld GNSS/GPS Devices Gain Mass Market Appeal
• Smart GPS Devices Outwit Traditional GPS Units - Attract New Opportunities
• Traditional GNSS Device Manufacturers Focus on Innovations amid Growing Competition from Smartphones
• Fitness & Sports: Fast Emerging Application Areas
• Technology Developments: The Lifeline for Commercial GPS Devices
• High-Precision Receivers Elevate Performance of GPS
• Augmentation Technologies Enhance Geographic Reach & Reliability of GPS
• Growing Availability and Declining Device Prices Provide Growth Impetus
• Availability of Economical GPS Chips Boost Commercial Application
• Affordable GPS Devices Rise in Popularity
• Wireless Connectivity Drives GPS Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

A selection of companies mentioned in this report includes

• 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 Technology Benelux N.V.
• MiTAC International Corporation
• NavCom Technology Inc.
• Navico Inc.
• NovAtel, Inc.
• Orolia Group
• Raytheon Company
• Rockwell Collins Inc.
• TomTom International B.V.
• Topcon Corporation
• Trimble Navigation Limited

For more information about this report visit https://www.researchandmarkets.com/r/ct6hew

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