Global Navigation Satellite System Market Size, Share, Industry Growth and Overview by 2032

In 2020, the global navigation satellite system (GNSS) market was valued at $160.69 billion. It is expected to increase from $175.19 billion in 2021 to $320.73 billion by 2028, growing at a rate of 9.02% annually from 2020 to 2028. North America led the market, holding 41.01% of the share in 2020. In the United States specifically, the GNSS market is anticipated to expand significantly, with a projected value of $79.33 million by 2029. This growth is fueled by new GNSS applications that are driving the market forward.

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𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐬𝐭𝐬 𝐭𝐡𝐞 𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐨𝐧 𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭:
• Qualcomm Inc. (The U.S.)
• Texas Instrument (The U.S.)
• Trimble Inc. (The U.S.)
• Rockwell Collins (The U.S.)
• Broadcom Inc. (The U.S.)
• Hexagon (Sweden)
• Furuno Electric (Japan)
• Laird Plc. (The UK)
• Cobham Plc. (The UK)
• Harris Corporation (The U.S.)
• Topcon Corporation (Japan)
• Other Players

𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐧𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐨𝐧 𝐬𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐬𝐲𝐬𝐭𝐞𝐦 (𝐆𝐍𝐒𝐒) 𝐦𝐚𝐫𝐤𝐞𝐭 𝐜𝐨𝐯𝐞𝐫𝐬:
• Extensivestudy of all the sections in the market
• Illuminatingfacts and figures
• Growth exhibitors and inhibitors
• Information about key players

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/global-navigation-satellite-system-gnss-market-103433

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫:

𝐖𝐢𝐝𝐞-𝐫𝐚𝐧𝐠𝐢𝐧𝐠 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐟 𝐆𝐍𝐒𝐒 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐆𝐫𝐨𝐰𝐭𝐡
The growing adoption of GNSS in precision agriculture for enhanced agriculture production, better crop yield, and low emission effect will have a tremendous impact on the global market during the forecast period. The utilization of GPS in GNSS in several sectors such as maritime, military, geometrics, railways, and aviation will further incite the development of the industry in the foreseeable future. The growing cognizance about GNSS in agriculture and farming owing to its benefits such as assistance with optimal path and digital displays for reducing risks of overlapping will create lucrative opportunities. Moreover, the utilization of GNSS in automatic steering and biomass monitoring, soil condition monitoring, forest management, virtual fencing, and livestock tracking will fuel its demand in agriculture. Furthermore, the increasing application of GNSS in aircraftperformance-based navigation for safety, efficiency, and reliable operation will further enable speedy expansion of the market in the forthcoming years. In addition, the increasing implementation of 5G, IoT, artificial intelligence (AI) and industrial automation will enhance the growth of the market. Likewise, the high adoption of consumer electronic devices will accelerate the demand of GNSS in the foreseeable future.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝐏𝐫𝐞𝐬𝐞𝐧𝐜𝐞 𝐨𝐟 𝐌𝐚𝐣𝐨𝐫 𝐎𝐄𝐌𝐬 𝐭𝐨 𝐀𝐢𝐝 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞
The market in North America is expected to witness a high growth rate during the forecast period owing to the increasing adoption of the driver advisory system (DAS) in rail applications to optimize traffic flow, less energy, and low cost. The growing implementation of (PTC)positive train control in the US will promote the healthy growth of the market in the forthcoming years. Europe is expected to grow rapidly during the forecast period. The growth in the region is attributed to the presence of major components manufacturers in the region. The increasing adoption of GNSS in the road, Surveying, and maritime applications will further enhance the development of the market in Europe. The market in Asia Pacific is predicted to flourish during the forecast period owing to the growing demand for electronic devices, smartphones, and positioning devices. The growing focus towards robust navigation satellites by India will propel the market in Asia Pacific.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟐𝟎𝟏𝟗: Texas Instruments, U.S. based company registered a patent for the GNSS signal tracking receiver. A GNSS receiver is developed to track low power GNSS satellite signals, which includes a frequency locked loop (FLL) to measures a current doppler frequency of the satellite signal.

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https://www.fortunebusinessinsights.com/enquiry/get-a-quote/global-navigation-satellite-system-gnss-market-103433

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
𝟓𝐆 𝐢𝐧 𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/industry-reports/5g-in-aviation-market-101778

𝐒𝐀𝐓𝐂𝐎𝐌 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/satellite-communication-satcom-market-102679

𝐒𝐦𝐚𝐥𝐥 𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/industry-reports/small-satellite-market-101917

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