Global Navigation Satellite System (GNSS) - Global Strategic Business Report

The global market for Global Navigation Satellite System (GNSS) is estimated at US$223.4 Billion in 2023 and is projected to reach US$453.0 Billion by 2030, growing at a CAGR of 10.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the GNSS market is driven by several factors. The increasing adoption of GNSS in consumer electronics, particularly smartphones and wearable devices, is a significant driver, as these devices rely on precise location data for various applications. The expanding use of GNSS in transportation and logistics, where it enhances route optimization and fleet management, also fuels market growth. Additionally, the rise of smart cities and the Internet of Things (IoT) is generating demand for GNSS-enabled devices to support urban planning, traffic management, and public safety. The agricultural sector's shift towards precision farming techniques is another key factor, leveraging GNSS for enhanced productivity and resource management.

Moreover, the ongoing advancements in satellite technology and the launch of new GNSS constellations are improving system performance and reliability, further boosting adoption across different sectors. Finally, the growing interest in autonomous systems, which heavily depend on GNSS for accurate navigation and positioning, is propelling market expansion, as industries continue to explore and implement autonomous solutions.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Road Application segment, which is expected to reach US$223.3 Billion by 2030 with a CAGR of a 10.6%. The Location-based Services (LBS) Application segment is also set to grow at 10.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $60.3 Billion in 2023, and China, forecasted to grow at an impressive 14.8% CAGR to reach $101.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Global Navigation Satellite System (GNSS) Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Global Navigation Satellite System (GNSS) Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Global Navigation Satellite System (GNSS) Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Avidyne Corporation, FEI-Zyfer Inc., Furuno USA Inc., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 57 Featured):

• Avidyne Corporation
• FEI-Zyfer Inc.
• Furuno USA Inc.
• Garmin International Inc.
• Harris Corporation
• Hemisphere GNSS Inc.
• Hexagon AB
• KVH Industries Inc.
• Leica Geosystems AG
• Magellan Navigation Inc.
• Microsemi Corporation
• Mio Technology Benelux N.V.
• MiTAC International Corporation
• NavCom Technology Inc.
• Navico Inc.
• NovAtel, Inc.
• Orolia Group
• Raytheon Company
• Rockwell Collins Inc.
• TomTom International B.V.
• Topcon Corporation
• Trimble Navigation Limited