Global Navigation Satellite System (GNSS) Market Drivers, Opportunities during the forecast period by 2025

January 10 16:02 2020
Global Navigation Satellite System (GNSS) Market Drivers, Opportunities during the forecast period by 2025
The “Global Navigation Satellite System Market-Analysis by Technology, Applications Region and Forecast 2025” report has been added to Reportocean.com’s offering.

Global Navigation Satellite System (GNSS) is an electric equipment that digitally obtains and processes signals from satellite to help in real-time navigation, positioning and timing solutions. GNSS allows to detect geographical position of a user’s receiver by using GNSS chip. Also, GNSS have various applications in mobile satellite communication, surveying & mapping, automobile, air navigation and other. Global GNSS market is expected to rise at a CAGR of 9% during forecast period 2015-2025.

Increasing penetration of smartphones strengthening the demand of GNSS

Smartphones are anticipated to account for largest market share in the GNSS market, owing to rise in demand of GNSS in countries such as Japan, India, China for real-time information related to exact location of vehicles and individuals. Rise in demand of smartphones, personal navigation devices, and tablets is expected to drive the global GNSS market, as these devices are equipped with GPS/GNSS receiver chips and navigation software. Additionally, GNSSs in smartphones are used for applications such as Location-Based Services (LBS), online games, and Mobile Geographic Information Systems (GISs). However, increase in demand of smartphones is boosting the demand of GNSS globally.

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As per the report published by Ericsson on mobility, global market is witnessing high penetration of smartphone, with around 2.6 billion smartphone users presents in 2014 which is expected to rise to 6.1 billion by the end of 2020. As per the Pew Internet Research Organization, China is one of the leading smart phone industries in Asia Pacific in 2017. About half of the Chinese population is expected to own a smart phone by the end of 2020. Further, as per the Pew Research Center, in 2015, approximate 68% of American population owned smart phones which is raised to 77% by the end of 2017. It has been expected that there would be 12% rise in smart phone ownership among households from 2015 to 2017 in America.

Increasing demand for Unmanned Aerial Vehicles (UAVs): Future opportunity for the global GNSS market

Many unmanned systems such as UAVs, UGVs and AUVs use GPS/GNSS for high degree of accuracy in positioning. Increase in demand of unmanned aerial vehicles in commercial sectors owing to rapid adoption of Global Navigation Satellite System (GNSS) increase the market of unmanned aerial vehicles drone globally. Innovation of technology and declining prices of unmanned systems can expand the market opportunities to use GNSS in unmanned aerial vehicles applications. Moreover, in response to this requirement, MOBNET designed a technologically advanced Search and Rescue (SAR) system that is likely to locate isolated victims in any emergency. By taking benefit of some features such as the cost and performance gains of SAR operations using UAVs, MOBNET utilizes DCT to detect the presence of people and help rescuers in their search. Furthermore, with the utilization of Galileo and EGNOS services lets the system to exactly spot the UAVs and time tag the ranging approximations with high accuracy, so that MOBNET is able to quickly find the trapped person. Hence, various GNSS components are used for accurate and precise positioning solutions used in UAVs is escalating the demand of GNSS.

Some of the key players in the Global Navigation Satellite System (GNSS) market are Qualcomm, Broadcom, MediaTek, SkyTraq, Intel, STMicroelectronics, Raytheon Company, Rockwell Collins, TomTom NV, Topcon Corporation, Trimble Navigation Ltd., AgJunction, Inc, Garmin Ltd. Furuno Electric Co Ltd., Hexagon and u-box are the key players in manufacturing Navigation Satellite System.

On the basis of region, the Navigation Satellite System market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America leads the world Navigation Satellite System market over the forecast period owing to major demand from electronics devices, military, and aviation industry. Asia Pacific market will influence by the presence of huge numbers of electronics companies coupled with the demand for smartphones.

Key Topics Covered:

  1. Research Frame work
  2. Research methodology
  3. Executive Summary
  4. Global Navigation Satellite System Industry Insights
  5. Global Navigation Satellite System Market Overview
  6. Global Navigation Satellite System Market, By Technology
  7. Global Navigation Satellite System Market, By Applications
  8. Global Navigation Satellite System Market, By Region
  9. Company Profiles

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