Press release
Satellite Navigation System Market - By Size, Regional Trends, Key Players And Forecast To 2033
Satellite Navigation System Market
Satellite Navigation System Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $224.9 billion In 2028 At A CAGR Of 8.3% :
The satellite navigation system market size has grown strongly in recent years. It will grow from $148.56 billion in 2023 to $163.21 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to military applications, commercialization of space, increasing demand for precise positioning, growth of transportation and logistics sectors, improving accuracy and reliability of satellite signals.
The satellite navigation system market size is expected to see strong growth in the next few years. It will grow to $224.9 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to rise in demand for unmanned aerial vehicles (UAVs) and drones, increasing use of satellite navigation in agriculture and precision farming, deployment of satellite navigation for disaster management and emergency response, expansion of satellite navigation. Major trends in the forecast period include rise in demand for real-time and high-precision positioning, growth of hybrid navigation systems combining satellite and terrestrial technologies, integration of satellite navigation with artificial intelligence (AI) and machine learning (ML) algorithms, expansion of satellite navigation services.
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=14183&type=smp
Satellite Navigation System Market Major Segments
The satellite navigation system market covered in this report is segmented -
1) By Solution: System, Services
2) By Constellation: Global Navigation, Regional Navigation, Augmented
3) By Orbit: Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Other Orbits
4) By Application: Road And Automotive, Consumer And Health Solutions, Other Applications
Key Driver - Autonomous Vehicles Fueling Satellite Navigation System Market Growth
The growing popularity of autonomous vehicles is expected to propel the growth of the satellite navigation system market going forward. An autonomous vehicle is a type of vehicle equipped with sensors and technology that enable it to perceive its surroundings and navigate without human intervention. Autonomous vehicles commonly utilize satellite navigation systems to determine their precise location, navigate to their destinations, and navigate safely and efficiently by providing precise positioning information. For instance, in August 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization for road safety, there will be 3.5 million self-driving automobiles on American highways by 2025 and 4.5 million by 2030. Therefore, the growing popularity of autonomous vehicles is driving the growth of the satellite navigation system market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=14183&type=smp
Prominent Trend - Global Leaders Embrace Innovation For Satellite Navigation Systems
Major companies operating in the satellite navigation system market are concentrating on the development of advanced innovations or solutions, such as the integration of NavIC L1 signals into Qualcomm's chipset platforms, to meet the evolving needs of customers, stay ahead of competitors, and capitalize on emerging opportunities in the industry. The solution is built on Qualcomm's location suite, which supports up to seven satellite constellations. For instance, in December 2023, Qualcomm Technologies Inc., a US-based multinational corporation that provides wireless telecommunications products and semiconductors, announced support for India's NavIC Satellite Navigation System L1 signals in commercial chipset platforms in collaboration with the Indian Space Research Organization (ISRO). This platform, expanding to seven satellite constellations simultaneously, accelerates NavIC adoption, enhancing geolocation capabilities for automotive and IoT applications. Additionally, it offers several features that enhance location-based services and navigation accuracy for devices equipped with Qualcomm chips and other compatible systems and make NavIC L1 signals a valuable addition to the global navigation satellite system landscape, offering improved accuracy and interoperability for location-based services and applications.
Satellite Navigation System Market Players
Major companies operating in the satellite navigation system market are Furuno Electric Co. Ltd., RTX Corporation, Lockheed Martin Corporation, Stonex Srl, Airbus SE, QualComm Technologies Inc., General Dynamics Corp, Northrop Grumman Corporation, Honeywell International Inc., Broadcom Inc., Safran SA, Texas Instruments Inc., Thales Group, L3Harris Technologies Inc., STMicroelectronics, Teledyne Technologies Inc., Hexagon AB, Trimble Inc., Kongsberg Gruppen, Cobham Plc., Topcon Corporation, u-blox, TomTom International BV, Laird Plc. (Advent International), Surrey Satellite Technology Ltd., Swift Navigation, Septentrio, SkyTraq Technology Inc., ComNav Technology Ltd., Magellan Systems Japan Inc.
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/satellite-navigation-system-global-market-report
Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the satellite navigation system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite navigation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Satellite Navigation System Market Report Structure
3. Satellite Navigation System Market Trends And Strategies
4. Satellite Navigation System Market - Macro Economic Scenario
5. Satellite Navigation System Market Size And Growth
…..
27. Satellite Navigation System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Satellite Navigation System Market - By Size, Regional Trends, Key Players And Forecast To 2033 here
News-ID: 3507066 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Navigation
Innovative Navigation Satellites Driving Advancements In Space-Based Navigation …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Space-Based Navigation Control Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market for space-based navigation control has experienced significant growth. Current predictions estimate an increase from $5.16 billion in 2024 to $5.57 billion in 2025, indicating a compound annual growth rate…
Navigation Satellite Chip Market
Navigation Satellite Chip Market Overview
The navigation satellite chip is a highly integrated chip that integrates 32-channel GPS positioning, GSM voice, and GPRS data communications. Its function is to receive positioning information sent by navigation satellites. It is used in my country's Beidou satellite navigation and positioning system. As the core baseband processing chip of end-user computers, it can realize the integration of precise timing, navigation and positioning, remote control, voice…
GPS Navigation Software Market Is Booming Worldwide : Magellan Navigation, Googl …
Advance Market Analytics published a new research publication on "GPS Navigation Software Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the GPS Navigation Software market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample…
BeiDou Navigation Satellite System Market 2019 Growth Factors - Beijing BDStar N …
Recent market research study Global BeiDou Navigation Satellite System Market 2019 Forecast to 2024 now available with MRInsights.biz provides a comprehensive market analysis based on past and current situation of the market. The report covers future trends, current growth drivers, thoughtful insights, facts, market valuation, competitive spectrum, regional share, and revenue predictions. The report shows the market size, share, business growth enhancers, and obstructers, prior and current trends being followed…
Navigation Systems Market Forecast to 2025 - Demand in Robotic Navigation, Autom …
Navigation Systems Market by Applications for Marine, Aviation, Transportation and Military to 2024 - Study on Status and Future Forecast. Download Free PDF Brochure of Navigation Systems Market Research Now at https://www.reportsnreports.com/contacts/requestsample.aspx?name=2039332 .
Demand for navigation systems surged, especially in the aftermarket where varied economical options were available to the consumers. The market for in-dash navigation systems has seen significant changes as well. The feature which was available as a part…
Global Navigation Satellite System Market 2017 : Qualcomm, Trimble Navigation, B …
Global Navigation Satellite System Market 2016-2017
A market study based on the " Navigation Satellite System Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Navigation Satellite System Market 2017’. The research report analyses the historical as well as present performance of the worldwide Navigation Satellite System industry, and makes predictions on the future status of Navigation Satellite System market on the basis of…
