Press release
Navigation Satellite System Global Market Report 2024 - By Report, Size, Share, Demand And Growth, Outlook By 2033
Navigation Satellite System Market
As per the report, the navigation satellite system market size has grown rapidly in recent years. It will grow from $216.95 billion in 2023 to $243.44 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The navigation satellite system market size is expected to see rapid growth in the next few years. It will grow to $364.48 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
Download Free Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=13493&type=smp
Autonomous Vehicle Adoption Driving Growth In Navigation Satellite System Market
The adoption of autonomous vehicles is expected to propel the growth of the navigation satellite system market going forward. Autonomous vehicles also referred to as self-driving or driverless vehicles, are automobiles equipped with advanced technology and systems that enable them to operate and navigate without direct human input or intervention. Navigation satellite systems are helpful for autonomous vehicles by providing accurate and reliable positioning, navigation, and timing information, which can improve safety and efficiency and reduce environmental impact. For instance, in December 2022, according to the National Association of Insurance Commissioners, a US-based non-profit organization, by 2025, it is expected that there will be 3.5 million autonomous vehicles on American roads, and by 2030, the number is expected to increase to 4.5 million. Additionally, according to the Institute of Electrical and Electronics Engineers, a US-based professional organizations company, by 2040, 75% of all vehicles on the planet's highways are going to be autonomous. Therefore, the adoption of autonomous vehicles is driving the growth of the navigation satellite system market.
Innovative Products and Advancements in Navigation Satellite Systems Market
Major companies operating in the navigation satellite system market are developing innovative products such as the Global Positioning System GPS III-6 Space Vehicle (SV06) navigation satellite to gain a competitive edge in the market. The Global Positioning System (GPS) III Space Vehicle 06 (SV06) navigation satellite is a new generation of global navigation satellite systems. For instance, in January 2023, SpaceX, a US-based spacecraft manufacturer and satellite communications company, launched the sixth spacecraft, the Global Positioning System (GPS) III Space Vehicle 06 (SV06) navigation satellite. The latest generation of GPS satellites is the most powerful, resilient GPS satellite ever built, with three times improved accuracy and eight times better jam-proofing. It also has a military channel that is more dependable and jam-proof, as well as improved civilian transmissions, compatibility with other navigation systems, and stronger search and rescue capabilities.
The navigation satellite system market covered in this report is segmented -
1) By Component: Devices, Services
2) By Satellite Technology: Constellations, Satellite-Based Augmentation Systems (SBAS), GPS, GLONASS, Galileo, BeiDou
3) By Application : Location Based Services (LBS), Automotive And Road, Surveying, Rail, Aviation, Agriculture, Other Applications
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=13493&type=discount
Major companies operating in the navigation satellite system market report are RTX Corporation, Qualcomm Technologies Inc., General Dynamics Corporation, Texas Instruments Inc., Intel Corporation, MediaTek Inc., L3Harris Technologies Inc., STMicroelectronics N.V., Hexagon AB, Garmin Ltd., Trimble Inc., Quectel Wireless Solutions Co. Ltd., Viasat Inc., Topcon Corporation, Iridium Communications Inc., u-blox, Furuno Electric Co. Ltd., Spirent Communications plc, TomTom N.V., SkyTraq Technology Inc., Globalstar Inc., Thuraya Telecommunications Company, Javad GNSS Inc., Tersus GNSS Inc., ComNav Technology Ltd., Hemisphere GNSS
Contents of the report:
1. Executive Summary
2. Navigation Satellite System Market Report Structure
3. Navigation Satellite System Market Trends And Strategies
4. Navigation Satellite System Market - Macro Economic Scenario
5. Navigation Satellite System Market Size And Growth
…..
27. Navigation Satellite System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @
https://www.thebusinessresearchcompany.com/report/navigation-satellite-system-global-market-report
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 Navigation Satellite System Global Market Report 2024 - By Report, Size, Share, Demand And Growth, Outlook By 2033 here
News-ID: 3573669 • Views: …
More Releases from The Business research company
Emerging Trends to Reshape the Surgical Energy Instruments Market: Innovative Te …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Surgical Energy Instruments Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the market size of surgical energy instruments has seen substantial growth. The market which is projected to be worth $4.68 billion in 2024, is expected to inflate to $5.2…
2025-2034 Spatial omics Market Evolution: Disruptions, Innovations, and Untapped …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Spatial omics Market Through 2025?
In recent years, the size of the spatial omics market has seen rapid expansion. The estimations show an increase to $0.33 billion in 2025 from $0.3 billion in 2024, marking a compound annual growth rate (CAGR) of…
Global Sigmoidoscope Market Projected to Grow at 6.1% CAGR, Reaching $3.38 Billi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Sigmoidoscope Industry Market Size Be by 2025?
In recent years, there has been a significant increase in the size of the sigmoidoscope market. The market is projected to expand from $2.53 billion in 2024 to $2.67 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
2025-2034 Refurbished MRI Systems Market Roadmap: Insights for Competitive Advan …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Refurbished MRI Systems Market Size By 2025?
The market size for refurbished MRI systems has experienced robust growth in the past few years. It is expected to rise from $0.77 billion in 2024 to $0.85 billion in 2025, showcasing a compound annual growth rate (CAGR)…
More Releases for Satellite
Military Satellite Market Size, Military Satellite Market Forecast, Military Sat …
According to The Insight Partners, "Military Satellite Market" report 2028, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Military Satellite Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Military Satellite Market is based on company profiles and their efforts on increasing product value…
Satellite Transponders Market to Witness Huge Growth by 2026| APT Satellite Comp …
Latest released the research study on Global Satellite Transponders Market, offers a detailed overview of the factors influencing the global business scope. Satellite Transponders Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Satellite Transponders.
The study covers emerging player's data, including: competitive…
Satellite Transponders Leasing Market Is Booming Worldwide | SingTel Optus, MEAS …
HTF MI recently introduced Global Satellite Transponders Leasing Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Intelsat, SES, Eutelsat, SingTel Optus, MEASAT satellite systems, Asia Broadcast…
Satellite Transponders Leasing Market 2019: Comprehensive Study by Key Players I …
The growing demand for C band and Ku band transponder by the commercial sector across the globe to spur the satellite transponders leasing market in the coming years. Along with the digitization of the broadcasting industry and emergence of enhanced TV media, such as HD and UHD TV the number of subscribers for advanced media broadcasting have increased. Also, the rising demand for OTT and demand based supply of channels…
Satellite Market by Type (Large Satellite, Mini Satellite, Micro Satellite, and …
The global satellite market is driven by increase in demand for direct to home (DTH) television, high definition TV conversion, and intercontinental transmission in developed economies. In addition, continuous growth of video diffusion and internet access, increase in demand for digital TV and growth in communication and broadcasting market fuels the market growth. However, technology risk, spectrum access risk, and increase in competition from fiber optical cable limit the market…
Satellite Market by Type (Large Satellite, Mini Satellite, Micro Satellite, and …
The global satellite market is segmented on the basis of type, end user, and application. Type segment covered in this study include large satellite, mini satellite, micro satellite, and nano satellite. Based on end user, the market is categorized into commercial, civil, government, and others. On the basis of application, the market is divided into scientific research, technology demonstration and verification, earth observation and remote sensing, scientific research, communication, and…
