Transformative Trends Impacting the Space-Based Navigation Market Landscape: New Navigation Chip Supports Dual-Frequency For Greater Precision

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How Large Will the Space-Based Navigation Market Size By 2025?
The market size for space-based navigation has seen a swift expansion in the recent past. A growth from $14.42 billion in 2024 to $16.12 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.8%, is expected in this sector. The upward trend in previous years can be linked to an escalating demand for more accurate global positioning, expansion in commercial aviation and maritime sectors, and an increase in applications for defense and military purposes. The emergence of mobile and handheld navigation appliances, as well as strengthening global partnerships on global navigation satellite system (GNSS) has further contributed to this growth.

How Big Is the Space-Based Navigation Market Size Expected to Grow by 2029?
The market size for space-based navigation is anticipated to experience a swift upsurge in the coming years, reaching $24.94 billion by 2029 with a compound annual growth rate (CAGR) of 11.5%. This projected growth during this period can be credited to the increasing use of autonomous vehicles, the escalating growth of location-based services, advances in space exploration and the proliferation of satellite mega-constellations, urban expansion and development of smart cities, and heightened investments in modernizing and augmenting global navigation satellite systems (GNSS). Key trends expected to influence this phase include the integration of AI and machine learning, the usage of multi-constellation GNSS, the broadening of augmentation systems, downsizing and reduction of costs for GNSS receivers and an emphasis on cybersecurity and signal integrity.

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Which Key Market Drivers Powering Space-Based Navigation Market Expansion and Growth?
The surge in satellite launches is anticipated to boost the expansion of the space-based navigation market. Satellite launches, implying the deployment of artificial satellites into space via launch vehicles or rockets, are on the rise due to the escalating demand for global connectivity. As more areas require dependable internet access, satellite-based broadband services are becoming increasingly essential. Space-based navigation aids these satellite launches by enabling precise trajectory planning and in-orbit positioning, thereby ensuring the accuracy of the mission. It also improves the efficiency of launches by offering real-time tracking and timing, enhancing the overall trustworthiness of space missions. For example, the Government Accountability Office, a US government agency, reported in September 2022 that there were nearly 5,500 active satellites in orbit. Furthermore, they predict an additional 58,000 launches by 2030. Consequently, the rising number of satellite launches is fostering the growth of the space-based navigation market.

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Which Fast-Growing Trends Are Poised to Disrupt the Space-Based Navigation Market?
Leading firms in the space-based navigation arena are honing their focus on the creation of superior products like the Navigation with Indian constellation (NavIC) chipsets. This initiative is aimed at progressing accuracy, minimizing reliance on foreign systems, and fostering self-reliance in the global positioning technology sector. Navigation with Indian constellation (NavIC) chipsets delineate high-tech semiconductor parts constructed to receive and decipher signals from India's local satellite navigation system offering accurate positioning and timing functions. As an illustration, Elena Geo Systems, an Indian space technology corporation, initiated the release of the NavIC chip in April 2023. This compact, multi-core, and minimal energy dependent chip leverages India's indigenous navigation satellite system, NavIC (IRNSS), alongside accommodating signals from GPS (USA) and GLONASS (Russia). It endorses dual-frequency operation on L5 and S bands, considerably refining location precision even amidst challenging landscapes such as city canyons or secluded places. Infusing the NavIC chip into consumer-focused and industrial utilities like smartphones, vehicular tracking platforms, and precision farming not only boosts India's technological independence but also presents a rival alternative to worldwide navigation systems.

What Are the Emerging Segments in the Space-Based Navigation Market?
The space-based navigation market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Application: Military And Defense, Commercial, Scientific Research, Other Applications
3) By End-User: Government, Private Sector, Other End Users

Subsegments:
1) By Hardware: Receivers, Antennas, Processors, Transmitters, Sensors, Integrated Circuits (ICs)
2) By Software: Navigation Algorithms, Simulation And Modeling Software, Data Analytics And Processing Software, Mission Planning Software, User Interface Software, Security Software
3) By Services: System Integration, Consulting And Advisory, Maintenance And Support, Training And Education, Data Management Services, Upgradation And Modernization Services

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Who Are the Global Leaders in the Space-Based Navigation Market?
Major Companies operating in the space-based navigation market are RTX Corporation, Airbus SE, Boeing Company, Lockheed Martin Corporation, Intel Corporation, China Aerospace Science and Technology Corporation, Qualcomm Technologies Inc., Northrop Grumman Corporation, Honeywell International Inc., Broadcom Inc., Thales Group, MediaTek Inc., L3Harris Technologies Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Roscosmos, SBG Systems, Indian Space Research Organisation, Aceinna.

Which are the Top Profitable Regional Markets for the Space-Based Navigation Industry?
North America was the largest region in the space-based navigation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the space-based navigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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