image

GNSS Market Report Scope & Overview:

GNSS Market Size was valued at USD 270.51 billion in 2023 and is expected to reach USD 563.20 billion by 2031, and grow at a CAGR of 9.6% over the forecast period 2024-2031.

The Global Navigation Satellite System (GNSS) is a landscape feature that assists users in determining their location. Users' position, rotation, and time (PNT) are affected. Satellite positioning assists in determining user location and converting it into digital signals for people who use time variables to provide electronic information to system users. From the European Galileo to the US NAVSTAR Global Positioning System, GNSS is used all over the world (GPS). Russia's Global Orbiting Navigation Satellite System (GLONASS) and China's BeiDou Navigation System are also gaining market share. Companies must maintain a disaster recovery plan in the event of a system failure, which is determined by the accuracy of transmitting and receiving signals. Integrity means intimidation or notification prior to actual system failure or so-called system limit delays. System that ensures service continuity and access to all three.

GNSS Market Revenue Analysis

Get more information on GNSS Market - Request Sample Report

MARKET DYNAMICS:

KEY DRIVERS:

RESTRAINTS: 

  • High cost

  • Lack of awareness

  • Signal connectivity

OPPORTUNITIES:

  • Navy

  • Army

  • Agriculture

CHALLENGES: 

  • Increased usage of connected and smart devices

  • Safety and security concern

IMPACT OF COVID-19: 

Under the threat of COVID, which has halted all fields, the land can now be named. To some extent, all businesses face economic and political losses. During this time, we have seen some companies grow again, but we have also seen a significant loss of human life due to the global epidemic. However, the Global Navigation Satellite System (GNSS) programme has aided us in surviving this crisis. Each country has devised its own method of tracking people infected with the virus and isolating them from others until they are no longer a threat to their friends and family. By containing the affected area in local and hospital areas, GNSS has proven to be very profitable. Data storage has given the world a sense of belonging, allowing us to combat the scourge of human trafficking.

BASED ON APPLICATION Because it is linked to existing technologies, the Navigation Satellite System is widely distributed across all sectors. Aviation GNSS is used in agriculture, the navy, and the army. The use of GPS for daily navigation is an old example of GNSS. A portable computer, tracking health watches, clicking on images, and associating them with time and space are also on the list.

MARKET SEGMENTATION:

BY TYPE

  • Global Constellations

  • Regional Constellations

  • Satellite based Augmentation

BY APPLICATION

  • Navigation

  • Mapping

  • Surveying

  • Telematics

  • Location based services (lBS)

  • Other

BY END-USER

  • Rail

  • Agriculture

  • Aviation

  • Others

Need any customization research on GNNS Market - Enquiry Now

REGIONAL ANALYSIS:

North America is the leading country in the Navigation Satellite System Market Trend, with the world's most advanced tracking system and indulgence in high technology, followed by Europe and Asia-Pacific. According to the Navigation Satellite System Market Forecast, many countries are in the process of developing a better system to meet rising market demand.

The global market for navigation satellite systems is expected to grow at a rapid pace. The regional market for North America, Europe, and Asia Pacific is expected to grow during the forecast period. In comparison to the rest of the world, these markets will see increased demand, investment, and attractive growth opportunities. The North American market, which includes the United States, Mexico, and Canada, will emerge as a major market force between now and 2031. The market for navigation satellites is also expanding rapidly in the current situation.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

Key players in Global GNNS Market are Qualcomm Inc, Texas Instrument, Trimble Inc., Rockwell Collins, Broadcom Inc., Hexagon, Furuno Electric, Laird Plc, Cobham Pl, Harris Corporation, Topcon Corporation, Aglunction, Topcon Corporation, TomTom NV, Rockwell Collins and Other palyers.

Trimble Inc-Company Financial Analysis

Company Landscape Analysis

GNSS Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 270.51 Billion
Market Size by 2031 US$ 563.20 Billion
CAGR CAGR of 9.6% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Global Constellations, Regional Constellations, Satellite based Augumentation)
• by Application (Navigation, Mapping, Surveying, Telematics, Location based services (lBS), Other)
• by End-User (Rail, Agriculture, Aviation, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Qualcomm Inc, Texas Instrument, Trimble Inc., Rockwell Collins, Broadcom Inc., Hexagon, Furuno Electric, Laird Plc, Cobham Pl, Harris Corporation, Topcon Corporation, Aglunction, Topcon Corporation, TomTom NV, Rockwell Collins and Other palyers.
Key Drivers • Navigation satellite system
• Aircraft industry
RESTRAINTS • High cost
• Lack of awareness

Frequently Asked Questions

The GNSS market size was valued at 270.51 billion in 2023 at a CAGR of 9.6%.

High cost, Lack of awareness and Signal connectivity are limiting the GNSS Market's expansion.

Key players in the GNNS Market are Qualcomm Inc, Texas Instrument, Trimble Inc., Rockwell Collins, Broadcom Inc., Hexagon, Furuno Electric, Laird Plc, Cobham Pl, Harris Corporation, Topcon Corporation, Aglunction, Topcon Corporation (Japan), TomTom NV (Netherlands), Rockwell Collins (US) and Other.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Global GNSS Market Segmentation, by type

8.1Introduction

8.2 Global Constellations

8.3 Regional Constellations

8.4 Satellite based Augumentation

9. Global GNSS Market Segmentation, by application

9.1 Introduction

9.2 Navigation

9.3 Mapping

9.4 Surveying

9.5 Telematics

9.6 Location based services (lBS)

9.7 Other

10. Global GNSS Market Segmentation, By End-user

10.1 Introduction

10.2 Rail

10.3 Agriculture

10.4 Aviation

10.5 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2    Canada

11.2.3    Mexico

11.3        Europe

11.3.1    Germany

11.3.2    UK

11.3.3    France

11.3.4    Italy

11.3.5    Spain

11.3.6    The Netherlands

11.3.7    Rest of Europe

11.4        Asia-Pacific

11.4.1    Japan

11.4.2    South Korea

11.4.3    China

11.4.4    India

11.4.5    Australia

11.4.6    Rest of Asia-Pacific

11.5        The Middle East & Africa

11.5.1    Israel

11.5.2    UAE

11.5.3    South Africa

11.5.4    Rest

11.6        Latin America

11.6.1    Brazil

11.6.2    Argentina

11.6.3    Rest of Latin America

12. Company Profiles

12.1 Qualcomm Inc.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Texas Instrument

12.3 Trimble Inc.

12.4 Rockwell Collins

12.5 Broadcom Inc.

12.6 Hexagon

12.7 Furuno Electric

12.8 Laird Plc

12.9 Cobham Plc

12.10 Harris Corporation

12.11 Topcon Corporation

12.12 Aglunction

12.13 Topcon Corporation

12.14 TomTom NV

12.15Rockwell Collins

12.16 Other

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone