Market Research Future (MRFR) report on the global navigation satellite system (GNSS) market is a critical evaluation that offers a succinct overview of the
industry. The study covers the COVID-19 analysis of the global navigation
satellite system (GNSS) market and offers a comprehensive and reliable
illustration of market segments, recent trends, growth estimates, and market
challenges from 2020 to 2027 (forecast period) with a view to identifying
economic opportunities.
The Global Navigation Satellite System (GNSS) is used to identify a user's
geographical location anywhere in the world. GNSS helps electronic receivers to
locate the exact location of a person by using geospatial frequencies. The GNSS
uses the triangulation method to locate the user with the aid of calculations
involving information from a variety of satellites. Common GNSS systems are the
United States' Global Positioning System (GPS), the Russian Federations Global
Orbiting Navigation Satellite System (GLONASS), and Europe’s Galileo. Every
satellite system transmits coded signals at precise intervals. The receiver
receives the signal and converts it into information related to velocity,
position, and time estimates. With this information, any receiver near the
surface of the earth can calculate the exact distance between the transmitter
and the receiver and the actual location of the transmitting satellite.
In the event of a failure of satellite systems, the GNSS receivers
immediately pick up signals from other adjacent systems. The four criteria used
to measure the performance of GNSS are accuracy, integrity, continuity, and
availability. Accuracy depends on the difference between the measured value of
the receiver and the actual position. Integrity is the capacity of the system
to provide notifications before any system error is detected. Continuity is the
ability of the system to function without interruption. Availability is a
measure of the time the signal takes to fulfill all the accuracy, integrity,
and continuity criteria.
Market Dynamics
The growing emphasis on positioning, navigation, and timing (PNT) tools
in industrial, military, commercial, and government applications and increasing
demand for indoor positioning and navigation devices and consumer privacy
solutions are boosting the global navigation satellite system market. However,
ease of accessibility that leads to cyber threats and issues related to the
storage of unstructured data restricts the GNSS industry's growth.
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Market Segmentation
The global navigation
satellite systems market has been segmented into application and
technology.
By application, the global
navigation satellite systems market has been segmented into agriculture,
aviation, location-based services, maritime, road, rail, surveying, and time
& synchronization. Location-based services are further divided into
smartphones, tablets, digital cameras, portable computers, sport &
wearable’s, personal tracking devices, search & rescue (PLB). Maritime is
further divided into search & rescue (plb), search & rescue (epirb),
traffic management, merchant navigation, homeland security, inland water transport
(iww) navigation, recreational navigation, ports, marine engineering, and
fishing vessels. Surveying is further divided into cadastral, construction -
machine control, construction - person based mining, mapping, and marine
surveying. Timing & synchronization is further divided into
telecommunication, energy, and finance.
By technology, the global
navigation satellite systems market has been segmented into global
constellations and satellite-based augmentation systems (SBAS). Global
constellations are segmented into GPS, GLONASS, Galileo, and BeiDou.
Satellite-based augmentation systems is divided into EGNOS (Europe), WAAS
(North America), GAGAN (India), and MSAS (Japan).
Regional Analysis
By region, the global
navigation satellite systems market has been segmented into North America,
Europe, Asia Pacific, and the rest of the world.
North America is expected
to dominate the navigation satellite systems market in the forecast period. The
US, Canada, and Mexico lead the navigation satellite systems market in the
North American region. In the United States, this market is growing steadily as
they have their own GNSS (global navigation satellite system) name NAVSTAR GPS.
The market for navigation
satellite systems in Asia Pacific is also expected to develop faster during the
forecast period due to the presence of large telecommunications industries.
Consumer electronics like mobile phones, which increase scope of application
for navigation systems in the Asia Pacific region. Recently, India’s PSLV
launched 31 satellites in a single flight in which 2 satellites are from other
countries.
Key Players
The industry leaders in the
GNSS market are Qualcomm Technologies International Ltd. (US), Trimble
Navigation Ltd. (US), AgJunction, Inc. (US), Garmin Ltd. (Switzerland), Hexagon
(Sweden), Raytheon Company (US), Topcon Corporation (Japan), Rockwell Collins
(US), Furuno Electric Co Ltd. (Japan), and TomTom NV (Netherlands) among
others.
Trimble Inc. is one of the
major players in the GNSS industry. Trimble provides products and solutions
regarding GNSS like Integrated GNSS Systems, Modular GNSS Systems, Data Radios,
Software-Based Receivers, Handheld GNSS Systems, and Antennas.
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