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Navigation Satellite System (Gnss) Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, China, India, UK, Germany - Size and Forecast 2024-2028

Navigation Satellite System (Gnss) Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, China, India, UK, Germany - Size and Forecast 2024-2028

Published: Jul 2024 187 Pages SKU: IRTNTR70651

Market Overview at a Glance

$128.7 B
Market Opportunity
9.44%
CAGR
8.41
YoY growth 2023-2024(%)

Navigation Satellite System (Gnss) Market Size 2024-2028

The navigation satellite system (gnss) market size is forecast to increase by USD 128.7 bn at a CAGR of 9.44% between 2023 and 2028.

  • The market is experiencing significant growth due to several key factors. One major trend driving market growth is the rising investments in satellite navigation programs by governments and private entities worldwide. Another trend is the increasing preference for eco-friendly propulsion technologies, which reduce the environmental impact of satellite launches. However, the market also faces challenges such as the rising volume of satellite orbital debris in space, which poses a threat to operational satellites and requires effective management solutions. Overall, the GNSS market is expected to continue its growth trajectory, driven by these trends and the increasing demand for accurate and reliable satellite navigation services.

    • What will be the Size of the Navigation Satellite System (Gnss) Market during the Forecast Period?

    Navigation Satellite System (Gnss) Market Size

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  • The market encompasses a diverse range of satellite-based technologies that provide positioning, navigation, and timing data to various industries and applications. This market, a critical component of the space industry, includes systems such as GPS, GLONASS, Beidou, Galileo, and others. The 21st century has seen significant technological advancement in this sector, driven by digitalization and the integration of big data and artificial intelligence (AI) to enhance GNSS-enabled solutions. Homeland security, defense, marine, search and rescue, and other sectors rely on these systems for critical operations. Government support and investment continue to fuel the growth of this market, which is expected to expand significantly In the coming years.
  • The GNSS market is characterized by the development of multiconstellation-based receivers, interoperability between different frequency band signals, and the increasing use of PNT (Positioning, Navigation, and Timing) solutions in various applications. The space industry's ongoing digitization and the integration of satellite communication networks further expand the potential applications of GNSS technology.

    • How is this Navigation Satellite System (Gnss) Industry segmented and which is the largest segment?

    The navigation satellite system (gnss) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

    • Application
      • Navigation
      • LBS
      • Surveying
      • Mapping
      • Others
    • Type
      • Global constellations systems
      • Satellite-based augmentation systems
    • Geography
      • North America
        • US
      • APAC
        • China
        • India
      • Europe
        • Germany
        • UK
      • Middle East and Africa
        • South America

        By Application Insights

        The navigation segment is estimated to witness significant growth during the forecast period. The market plays a vital role in various industries, including road, aviation, maritime, agriculture, infrastructure, and more. In the road sector, GNSS has evolved from providing basic in-car navigation and fleet management to supporting intelligent transportation systems (ITS), smart mobility, and autonomous vehicles. The market has experienced significant growth In the consumer market over the past five years, with an annual growth rate exceeding 60% and a shift towards more affordable devices. GNSS technology is essential for the development of future cars and digital mobility services, enabling precision positioning, navigation, and timing data for road applications. Additionally, GNSS is integrated with artificial intelligence, machine learning systems, and IoT devices to enhance its capabilities and provide value-added services.

        Other industries, such as aviation, drones, agriculture, maritime inland waterways, infrastructure, and emergency services, also benefit from GNSS technology. GNSS receiver providers offer multiconstellation-based receivers and interoperability solutions to cater to the diverse needs of these industries. The electronic industry is digitalizing applications, and 5G-capable infrastructure is being developed to support the increasing demand for GNSS-enabled solutions.

        Navigation Satellite System (Gnss) Market Size

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        The Navigation segment was valued at USD 48.90 bn in 2018 and showed a gradual increase during the forecast period.

        Regional Analysis

        North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

        Navigation Satellite System (Gnss) Market Share by Geography

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        The North American region represents a significant market for The market, with the US, Canada, and Mexico being major contributors. Advanced space exploration programs In these countries, led by agencies such as NASA and companies like SpaceX, are driving the demand for new satellite systems. The commercial sector In the US, particularly In the areas of navigation, communication, and location-based services (LBS), is experiencing increasing demand for GNSS. The US civilian space sector is overseen by NASA, which focuses on four primary activities: aeronautics research, exploration systems, science, and space operations. GNSS plays a crucial role in various industries, including autonomous vehicles, aviation, drones, agriculture, maritime inland waterways, infrastructure, and more.

        The integration of GNSS with emerging technologies like 5G, artificial intelligence (AI), and machine learning systems is expanding its applications in sectors such as unmanned aerial vehicles (UAVs), underwater vehicles, unmanned ground vehicles, surveying, military missions, mapping, autonomous delivery, and location-based services (LBSs). GNSS-enabled solutions provide Positioning, Navigation, and Timing (PNT) data, essential for industries requiring high precision and accuracy. Companies like UniStrong (Hemispheric GNSS) offer multiconstellation-based GNSS receivers and customized solutions for various industries. The GNSS market is witnessing technological advancements and digitalization, with the integration of AI, data analytics, IoT devices, satellite ground stations, and signal modulation algorithms.

        The market is expected to grow further with the development of 5G-capable infrastructure, smartphone companies, navigation chips, and driverless technologies.

        Market Dynamics

        Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

        What are the key market drivers leading to the rise In the adoption of market?

        Rising investments in satellite navigation programs is the key driver of the market.Navigation satellite systems, such as GPS, GLONASS, Beidou, Galileo, and others, utilize satellites in Space to provide Positioning, Navigation, and Timing data to various industries and applications. These systems are essential for Autonomous vehicles, Road and Automotive, Aviation Drones, Agriculture, Maritime Inland Waterways, Infrastructure, and numerous other sectors. GNSS receiver providers, including UniStrong (Hemispheric GNSS), offer interoperability between multiconstellation-based GNSS receivers, enhancing the value of these systems. Artificial intelligence and machine learning systems are revolutionizing the use of satellite data for Unmanned Aerial Vehicles, Underwater Vehicles, and Unmanned Ground Vehicles. Surveying, Military missions, Mapping, Autonomous Delivery, Location-based services (LBSs), Geo-data, Satellite Imagery, Flood, Rescue events, Natural Calamities, and Weather Forecasting are some of the significant applications.

        The Space industry, Satcom network, Government support, Big Data, Artificial intelligence (AI), Data analytics, IoT devices, Satellite ground stations, Signal modulation algorithms, Frequency distribution, and Spectrum management are integral components of this dynamic ecosystem. Value-added services, Customized solutions, and Technology degradation are essential considerations for the 21st-century digitalization and technological advancement. 5G technology, Fitness tracking apps, Wearables, Augmented reality, Homeland security, Defense, Marine, Search and Rescue, and Space industry applications are some of the emerging areas for GNSS-enabled solutions. PNT (Positioning, Navigation, and Timing) is a crucial aspect of various applications, including rail, LBS, Timing synch, Road, Maritime, and Aviation.

        The GNSS market is driven by the increasing demand for precision agriculture, Emergency Locator Transmitters, Automatic Dependent Surveillance-Broadcast, GNSS/INS receivers, Consumer electronic devices, and space infrastructure. Cyber attacks and global/regional constellations are some of the challenges faced by the industry. Satellite-based augmentations and rail LBS are significant trends.

        What are the market trends shaping the Navigation Satellite System (Gnss) market?

        Increasing preference for green propulsion technologies is the upcoming market trend.Navigation Satellite Systems (GNSS) market is witnessing significant growth In the 21st century due to technological advancements and digitalization. GNSS relies on satellites in Space for providing Positioning, Navigation, and Timing data to various industries such as Autonomous vehicles, Road automotive, Aviation drones, Agriculture, Maritime inland waterways, Infrastructure, and more. GNSS receiver providers like UniStrong (Hemispheric GNSS) offer multiconstellation-based solutions for interoperability with systems like GPS, GLONASS, Beidou, Galileo, and Quasi-Zenith Satellite System. The integration of Artificial Intelligence (AI) and Machine Learning systems in GNSS-enabled solutions enhances the functionality of Unmanned Aerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs), Underwater vehicles, and Surveying tools.

        Applications include Military missions, Mapping, Autonomous delivery, Location-based services (LBSs), Geo-data, Satellite imagery, Flood, Rescue events, Natural calamities, Weather forecasting, Civil defense operations, and more. Key players In the market include satellite ground station operators, signal modulation algorithms developers, frequency distribution, and spectrum management companies. Value-added services, customized solutions, and technology degradation are significant market dynamics. The emergence of 5G technology, IoT devices, and Smartphone companies integrating navigation chips in consumer electronic devices further boosts the market growth. Driverless Technologies, UAVs, and unmanned vehicles are revolutionizing industries like rail, LBS, timing synch, road, maritime, aviation, and more. GNSS/INS receivers, Emergency Locator Transmitters, Automatic Dependent Surveillance-Broadcast, and GNSS-enabled applications are becoming essential components of various sectors.

        The market is expected to continue growing due to the increasing demand for precision agriculture, satellite-based augmentations, and cybersecurity concerns in homeland security and defense.

        What challenges does the market face during its growth?

        Rising volume of satellite orbital debris in space is a key challenge affecting the industry growth.Navigation Satellite Systems (GNSS) market encompasses the use of satellites in Space for providing Positioning, Navigation, and Timing (PNT) data to various industries and applications. GNSS technologies include GPS, GLONASS, Beidou, Galileo, and others. The market caters to numerous sectors such as Autonomous vehicles, Road and Automotive, Aviation Drones, Agriculture, Maritime Inland Waterways, Infrastructure, and more. GNSS receiver providers offer interoperability between multiconstellation-based GNSS receivers, ensuring uninterrupted service. Artificial Intelligence (AI) and Machine Learning systems are increasingly being integrated with GNSS-enabled solutions for applications like Unmanned Aerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs), Underwater Vehicles, Surveying, Military missions, Mapping, Autonomous Delivery, Location-based services (LBSs), Geo-data, Satellite Imagery, and more.

        Flood, Rescue events, Natural calamities, and Weather forecasting are some critical applications where GNSS plays a crucial role. 5G technology, Fitness tracking apps, Wearables, Augmented Reality, Homeland security, Defense, Marine, Search and Rescue, Space industry, Satcom network, Government support, Big data, and Data analytics are some of the areas where GNSS is making a significant impact. IoT devices, Satellite ground stations, Signal modulation algorithms, Frequency distribution, Spectrum management, Value-added services, and Customized solutions are essential components of the GNSS ecosystem. Technology degradation and cyber attacks pose challenges to the market. In the 21st century, digitalization and technological advancement have led to the development of GNSS-enabled solutions for Precision Agriculture, Emergency Locator Transmitters, Automatic Dependent Surveillance-Broadcast, GNSS/INS receivers, Consumer Electronic Devices, and Smartphone applications.

        The market is continuously evolving, with new applications and services emerging regularly.

        Exclusive Customer Landscape

        The navigation satellite system (gnss) market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the navigation satellite system (gnss) market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

        Navigation Satellite System (Gnss) Market Share by Geography

         Customer Landscape

        Key Companies & Market Insights

        Companies are implementing various strategies, such as strategic alliances, navigation satellite system (gnss) market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

        Advent International Corp. - The navigation satellite system market encompasses technologies and applications that enable precise location determination and navigation services. These systems utilize a constellation of satellites in Earth's orbit to transmit signals, which are received by ground receivers or integrated into various devices. One example of such a system is Sea Tel 1500, a navigation solution designed for maritime applications. This technology offers enhanced positioning accuracy and reliability, making it an essential tool for industries such as transportation, logistics, and defense. The market for these systems continues to grow due to increasing demand for real-time location information and the integration of satellite navigation into various consumer and industrial applications.

        The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

        • Advent International Corp.
        • Alps Alpine Co. Ltd.
        • Beijing UniStrong Science and Technology Co. Ltd.
        • Broadcom Inc.
        • Collins Aerospace
        • ComNav Technology Ltd.
        • Frequency Electronics Inc.
        • Furuno Electric Co. Ltd.
        • GNS Electronics GmbH
        • Hexagon AB
        • Intel Corp.
        • MediaTek Inc.
        • Microchip Technology Inc.
        • NavtechGPS Inc.
        • Qualcomm Inc.
        • Safran SA
        • SkyTraq Technology Inc.
        • STMicroelectronics International N.V.
        • Trimble Inc.
        • u blox AG

        Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

        Research Analyst Overview

        Navigation satellite systems (GNSS) have emerged as a critical component of modern technology, providing positioning, navigation, and timing data to various industries and applications. These systems, which include Global Positioning System (GPS), GLONASS, Beidou, Galileo, and others, have revolutionized the way we navigate and collect data In the 21st century. The market for GNSS receivers has experienced significant growth due to the increasing demand for autonomous vehicles, drones, and other unmanned systems In the transportation, agriculture, maritime, and infrastructure sectors. GNSS technology is also essential for autonomous delivery services, location-based services (LBS), geo-data, and satellite imagery applications. Autonomous vehicles, including road automotive and unmanned aerial vehicles (UAVs), rely on GNSS receivers to navigate and maintaIn their position.

        In the aviation industry, GNSS is used for precision approach and landing systems, while In the maritime industry, it is used for navigation and positioning of ships and inland waterways. The agriculture sector has also embraced GNSS technology for precision farming, enabling farmers to optimize crop yields and reduce costs. In the infrastructure sector, GNSS is used for surveying, mapping, and construction projects, providing accurate and reliable data for planning and execution. The integration of GNSS technology with artificial intelligence (AI) and machine learning systems has led to advanced applications such as flood and rescue events management, natural calamity response, and weather forecasting.

        GNSS-enabled solutions are also used in civil defense operations, smartphones, tracking devices, digital cameras, tablets, fitness devices, and various mobile applications. The consumer electronics industry, including smartphones, fitness tracking apps, wearables, and augmented reality, has also embraced GNSS technology. The emergence of 5G technology and digitalization has further accelerated the adoption of GNSS-enabled solutions. The GNSS market is characterized by technological advancement and digitalization, with an increasing focus on interoperability, multiconstellation-based GNSS receivers, and frequency band signals. The electronic industry is also investing in 5G-capable infrastructure, satellite ground stations, and signal modulation algorithms to enhance the performance and reliability of GNSS systems.

        The market for GNSS receivers is expected to continue growing, driven by the increasing demand for autonomous systems, digitalization, and technological advancement. However, challenges such as technology degradation, cyber attacks, and spectrum management remain key concerns for stakeholders In the GNSS ecosystem. In conclusion, the GNSS market is a dynamic and evolving industry, with a wide range of applications and use cases. GNSS technology is essential for various industries, including transportation, agriculture, maritime, infrastructure, and consumer electronics, and is expected to continue driving technological innovation and growth In the 21st century.

        Market Scope

        Report Coverage

        Details

        Page number

        187

        Base year

        2023

        Historic period

        		 2018-2022

        Forecast period

        2024-2028

        Growth momentum & CAGR

        Accelerate at a CAGR of 9.44%

        Market growth 2024-2028

        USD 128.7 billion

        Market structure

        Fragmented

        YoY growth 2023-2024(%)

        8.41

        Key countries

        US, China, India, UK, and Germany

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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        What are the Key Data Covered in this Navigation Satellite System (Gnss) Market Research and Growth Report?

        • CAGR of the Navigation Satellite System (Gnss) industry during the forecast period
        • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
        • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
        • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
        • Growth of the market across North America, APAC, Europe, Middle East and Africa, and South America
        • Thorough analysis of the market’s competitive landscape and detailed information about companies
        • Comprehensive analysis of factors that will challenge the navigation satellite system (gnss) market growth of industry companies

        We can help! Our analysts can customize this navigation satellite system (gnss) market research report to meet your requirements.

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        Table of Contents not available.

        Research Methodology

        Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

        INFORMATION SOURCES

        Primary sources

        • Manufacturers and suppliers
        • Channel partners
        • Industry experts
        • Strategic decision makers

        Secondary sources

        • Industry journals and periodicals
        • Government data
        • Financial reports of key industry players
        • Historical data
        • Press releases

        DATA ANALYSIS

        Data Synthesis

        • Collation of data
        • Estimation of key figures
        • Analysis of derived insights

        Data Validation

        • Triangulation with data models
        • Reference against proprietary databases
        • Corroboration with industry experts

        REPORT WRITING

        Qualitative

        • Market drivers
        • Market challenges
        • Market trends
        • Five forces analysis

        Quantitative

        • Market size and forecast
        • Market segmentation
        • Geographical insights
        • Competitive landscape

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        Frequently Asked Questions

        Navigation Satellite System (Gnss) market growth will increase by $ 128.7 bn during 2024-2028.

        The Navigation Satellite System (Gnss) market is expected to grow at a CAGR of 9.44% during 2024-2028.

        Navigation Satellite System (Gnss) market is segmented by Application( Navigation, LBS, Surveying, Mapping, Others) Type( Global constellations systems, Satellite-based augmentation systems, Europe, MEA, South America)

        Advent International Corp., Alps Alpine Co. Ltd., Beijing UniStrong Science and Technology Co. Ltd., Broadcom Inc., Collins Aerospace, ComNav Technology Ltd., Frequency Electronics Inc., Furuno Electric Co. Ltd., GNS Electronics GmbH, Hexagon AB, Intel Corp., MediaTek Inc., Microchip Technology Inc., NavtechGPS Inc., Qualcomm Inc., Safran SA, SkyTraq Technology Inc., STMicroelectronics International N.V., Trimble Inc., u blox AG are a few of the key vendors in the Navigation Satellite System (Gnss) market.

        North America will register the highest growth rate of 42% among the other regions. Therefore, the Navigation Satellite System (Gnss) market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

        US, China, India, UK, Germany

        • Rising investments in satellite navigation programsSatellites are primarily used for specific mission profiles is the driving factor this market.
        • such as surveillance is the driving factor this market.
        • reconnaissance is the driving factor this market.
        • and navigation. They can provide continuous coverage of an area and can be used for the early detection of the launch of intercontinental ballistic missiles. Satellites can perform both strategic and tactical operations. For instance is the driving factor this market.
        • besides monitoring the development of weapons by adversaries is the driving factor this market.
        • satellites can aid in strategic targeting by predetermining the deployment of military assets at strategic vantage points in the case of armed conflicts. This plays a positive role in increasing the demand for global navigation satellite system. Initially is the driving factor this market.
        • technologically advanced countries were pioneers in the development of satellites. However is the driving factor this market.
        • with the advent of smart sensors and miniature satellites is the driving factor this market.
        • several countries have either developed their military satellite networks or collaborated with technology partners to access technologies according to their needs. Several development projects will create potential market opportunities for control and command solutions to monitor such satellites. For instance is the driving factor this market.
        • the US Defense Advanced Research Projects Agency (DARPA) is developing a prototype line of cost-effective reconnaissance satellites for a program called Blackjack. The program aims to integrate reconnaissance and communication payloads into standard commercial satellites is the driving factor this market.
        • owing to their high launch rate is the driving factor this market.
        • to accelerate the formation of a constellation. The success of the plan will influence the space exploration program of the US is the driving factor this market.
        • which aims to set up a low Earth orbit (LEO) constellation of around 90 satellites by 2022. Several countries are launching satellites to enhance their military capabilities. For instance is the driving factor this market.
        • in January 2023 is the driving factor this market.
        • Space X launched the GPS 3 satellite into orbit to improve GPS and navigation capabilities. Thus is the driving factor this market.
        • rising investments in satellite navigation programs are one of the major drivers that are expected to drive the growth of the global navigation satellite system market during the forecast period. is the driving factor this market.

        The Navigation Satellite System (Gnss) market vendors should focus on grabbing business opportunities from the Navigation segment as it accounted for the largest market share in the base year.