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The Global Navigation Satellite System (GNSS) Market size of the market is forecasted to increase by USD 119.57 billion at a CAGR of 9.44% between 2022 and 2027.
The growth of the market depends on several factors, including the rising investments in satellite navigation programs, advancements in satellite technology, and the development of autonomous systems. Additionally, the expansion of satellite constellations, the integration of technology like Snapdragon, and the use of satellite mapping for surveillance contribute to market growth. Furthermore, improvements in frequency management and signal processing enhance navigation accuracy and reliability.
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The navigation satellite market is crucial for ensuring the availability and safety of various applications and industries worldwide. Utilizing advanced navigation satellites like Beidou and GPS, this market provides timing and synchronization for a wide range of sectors, including the telecommunication industry, Homeland Security, and government verticals. From search & rescue operations to surveillance range and weather forecasting, these satellites offer invaluable value-added services, electronic transmitters, radio-controlled aircraft, target designators, and customized solutions. They play a vital role in road & rail navigation, aviation & drones, and maritime & inland waterways navigation, ensuring accurate positioning and enabling continuous mobile positioning and high-accuracy orientation.
As the demand for location-based services (LBS) and satellite imagery continues to rise, the navigation satellite market remains at the forefront of technological innovation, serving diverse industries and applications with precision and reliability. Our researchers studied the data with 2022 as the base year and 2023 as the estimated year. A holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The expansion of satellite navigation programs is propelling the growth of the GNSS market. It plays a crucial role in various missions, including navigation, surveillance, and reconnaissance. They offer continuous coverage and enable early detection of intercontinental ballistic missile launches. Military satellite networks have been developed by numerous countries, either independently or through partnerships, to enhance their strategic and tactical capabilities.
Initiatives aimed at developing control and command solutions for satellite monitoring present new opportunities. Notably, the US Defense Advanced Research Projects Agency (DARPA) is working on cost-effective reconnaissance satellite prototypes. Additionally, countries worldwide are launching satellites to bolster their military and defense prowess. For example, Space X deployed the GPS 3 satellite in January 2023 to enhance global positioning and navigation accuracy. Consequently, the increasing investments in programs are anticipated to fuel the growth of the market in the forecast period.
The increasing preference for green propulsion technologies is a key trend in the market. Most space exploration programs use chemical propellants that pose environmental concerns at various levels. Therefore, space agencies and satellite operators have undertaken green initiatives to reduce the dependence on chemical-powered propulsion systems. For instance, NASA is developing an environment-friendly alternative fuel for the next generation of launch vehicles and spacecraft through the Green Propellant Infusion Mission (GPIM).
The preference for green propulsion is expected to fuel investments in electric propulsion technologies. NASA has been developing solar electric propulsion technology to power spacecraft. Hybrid propulsion systems are also being used in satellites. These systems use polypropylene as fuel and nitrogen dioxide as an oxidizer to generate moderately high specific impulses and perform minor adjustments through onboard electric propulsion systems. Such developments are expected to positively impact navigation & tracking market growth during the forecast period.
The rising volume of satellite orbital debris in space is challenging the market growth. Space debris includes natural and artificial fragments. Some examples of artificial debris include non-functional spacecraft, abandoned launch vehicles, mission-related debris, and fragmentation debris. Explosions and collisions between satellites generate small debris, which collects in the Earth's orbit. The rising number of satellite launches has increased the amount of orbital debris. The high speed of space debris poses a significant risk to space shuttles, space stations, and satellites present in the Earth's orbit.
NASA has introduced guidelines to deal with each potential threat. It has collaborated with the US Department of Defense (DoD) to characterize the satellite environment, including orbital debris. Space debris is monitored continuously, but the predictions may be incorrect due to the anomalies caused by solar flares or changes in the gravitational pull of the Earth. This can result in collisions. Countries such as the US, Russia, China, and India have developed anti-satellite (ASAT) missiles to target, search, and destroy LEO satellites. Such developments have raised concerns about ASAT warfare and the risk of floating debris. Thus, the presence of satellite orbital debris can impede the growth of the market during the forecast period.
The Market report includes an analysis of the adoption life cycle of the market from the innovator’s stage to the laggard’s stage. It focuses on the adoption rates of major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alps Alpine Co. Ltd. - The company offers navigation satellite systems such as UMSZ6 Series GNSS.
Advent International Corp. - The company offers navigation satellite systems such as Sea Tel 1500.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market players, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
This market extensively covers market segmentation by application (navigation, LBS, surveying, mapping, and others), type (global constellations systems and satellite-based augmentation systems), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The navigation segment will account for a significant share of market growth during the forecast period. Various industries use navigation applications to carry out daily operations efficiently. For instance, in the road & rail navigation sector, the position has developed over time, with a focus on intelligent transportation systems (ITS), smart mobility, and Automotive/Road vehicles.
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The navigation segment was valued at USD 44.47 billion in 2017 and continued to grow until 2021. In the marine sector, services are used in marine applications and operations, including fleet management, cargo tracking, port operations, and ship security. In the aviation sector, the importance is expected to expand. Such applications of navigational data are expected to continue during the forecast period. The development of smart cities, IoT, and autonomous vehicles is anticipated to further drive the growth of the segment during the forecast period.
The global constellation systems segment is expected to account for a significant share of market growth during the forecast period. A constellation can provide permanent global coverage. A constellation transmits signals to a receiver on the ground, which then uses the time delay in signals from multiple satellites to calculate the user's position. Various global constellation systems are used in the market. For instance, the Global Positioning System (GPS) is a satellite navigation system that determines an object's current ground position. Quasi-Zenith Satellite System (QZSS) is used in car navigation systems and smartphones. Thus, the growing applications of global constellation systems are expected to drive the growth of the global constellation systems segment in the market during the forecast period.
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North America is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
The US, Canada, and Mexico are the key revenue contributors to the growth of the market in North America. These countries have advanced infrastructure and are involved in various space exploration programs. In the US, the demand from the commercial sector has been increasing. Various developments, investments, and satellite programs have resulted in consistent year-over-year (YoY) growth and steady progress of the market in the US. The use in commercial and civil applications has gained acceptance in the region. Therefore, many small and private technology providers are investing in the design and launch. Such developments are expected to fuel the demand during the forecast period.
Market Analyst Overview
The space industry is witnessing a surge in demand, particularly with the increasing deployment of satcom networks and the extensive government support for space exploration and communications initiatives. Technological advancements and technology degradation in big data, artificial intelligence (AI), augmented reality (AR/VR) and the Industrial Internet of Things (IIoT) are revolutionizing navigation capabilities, enabling ground stations to provide differential and precise point positioning (PPP). Spectrum management is becoming increasingly crucial in optimizing GNSS chip performance, especially in in-vehicle systems and consumer electronics.
The emergence of 5G technology, coupled with advancements in Qualcomm Technologies, Inc.'s Snapdragon platforms, is enhancing the accuracy of navigation systems, particularly with dual-frequency GNSS and integration with regional systems like navigation with Indian Constellation (NavIC). These developments are driving the adoption of Location Based Services (LBS),location-sensitive building, Low Earth orbit (LEO) and Medium Earth orbit (MEO) across various sectors such as automotive, agriculture, mHealth, fitness devices and smartphone apps. Moreover, the fusion of 5G and GNSS is enabling satellite-based augmentations and augmentation services to provide precise positioning for personal tracking devices, asset tracking, and healthcare solutions.
In addition to civilian applications, NSS plays a crucial role in civil defense operations, military missions, geostationary satellites, geographical mapping, surveillance, and natural calamity response. With the integration of artificial intelligence and machine learning systems, are poised to revolutionize various industries, including autonomous delivery, unmanned ground vehicles, unmanned aerial vehicle (UAVs), and maritime navigation.
The market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Navigation Satellite System Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.44% |
Market growth 2023-2027 |
USD 119.57 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.67 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 43% |
Key countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alps Alpine Co. Ltd., Advent International Corp., Beijing UniStrong Science and Technology Co. Ltd., Broadcom Inc., ComNav Technology Ltd., Frequency Electronics Inc., Furuno Electric Co. Ltd., GNS Electronics GmbH, Hexagon AB, Intel Corp., Microsemi Corp., NavtechGPS Inc., Qualcomm Inc., Safran SA, SkyTraq Technology Inc., STMicroelectronics NV, Trimble Inc., u blox AG, Collins Aerospace, and MediaTek Inc. |
Market dynamics |
Parent market analysis,Market forecasting , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
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