GNSS Positioning System Market Scope
A GNSS (Global Navigation Satellite System) positioning system is a technology that utilizes a network of satellites to provide accurate positioning, navigation, and timing information to users anywhere on or near the Earth's surface. The most well-known and widely used GNSS is the Global Positioning System (GPS), which is operated by the United States. Other major GNSS systems include GLONASS (Russia), Galileo (European Union), BeiDou (China), and NavIC (India). These systems consist of multiple satellites in orbit around the Earth, transmitting signals that are received and processed by GNSS receivers on the ground.
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|Key Companies Profiled||Hemisphere GNSS (United States), Texas Instruments (United States), L3 Harris Corporation (United States), Hexagon (Sweden), Furuno Electric Co., Ltd. (Japan), Raytheon Technologies Corp. (United States), Qualcomm Inc. (United States), Topcon Corporation (Japan), Navtech GPS (United States) and Broadcom Inc. (United States)|
Manufacturers can focus on continuous technological advancements to improve the accuracy, reliability, and functionality of their GNSS positioning systems. This can involve investing in research and development to introduce new features, enhance signal reception in challenging environments, and develop specialized applications for specific industries. Apart from this, Major players have adopted various strategies such as product portfolio expansion, mergers and acquisitions, geographic expansion, agreements, and collaborations to increase their market share and strengthen their foothold in the industry. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global GNSS Positioning System market throughout the predicted period.
Hemisphere GNSS (United States), Texas Instruments (United States), L3 Harris Corporation (United States), Hexagon (Sweden), Furuno Electric Co., Ltd. (Japan), Raytheon Technologies Corp. (United States), Qualcomm Inc. (United States), Topcon Corporation (Japan), Navtech GPS (United States) and Broadcom Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Trimble Inc. (United States) and Garmin Ltd. (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global GNSS Positioning System market by Type , by Application (Rail and Road, Aviation, Maritime, Surveying and Others) and Region with country level break-up.
On the basis of geography, the market of GNSS Positioning System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn April 2022, Qualcomm Incorporated announced its acquisition of Arriver from SSW Partners, enhancing Qualcomm Technologies' ability to deliver open, fully integrated, and competitive Advanced Driver Assistance System (ADAS) solutions to automakers and Tier-1 suppliers at scale. and In July 2020, Furuno acquired Denmark-based vessel system provider EMRI, which specializes in autopilots, steering control, joystick dynamic positioning, and maneuvering systems. This acquisition of EMRI complements the company’s existing and growing presence in the marine market and reinforces the strategy to enhance safety and efficiency at sea with core competencies of sensing, processing, communication, integration, and now, action control systems.
In September 2021, Broadcom Inc. announced low power L1/L5 GNSS receiver chip, the BCM4778, intended for mobile and wearable applications. The third-generation chip is 35% smaller and uses five times less power than the previous generation, owing to the newest GNSS improvements.
The European GNSS system, called Galileo, is overseen by the European Global Navigation Satellite Systems Agency (GSA). The GSA is responsible for the development, operation, and promotion of Galileo.
Influencing Trend:Use of GNSS in Smart Agriculture and Smart High-Speed Rail
Market Growth Drivers:Increase in the Adoption of Autonomous Vehicles for Several Applications and Advances in Satellite Technology, Including the Launch of New Satellites and the Development of More Advanced Signal Transmission and Processing Techniques, Improve the Performance and Capabilities of GNSS Positioning Systems Drive the Overall Market
Challenges:High Initial Cost Associated with GNSS Upstream Component
Restraints:Cyber-Attacks Impacting Navigation Satellite Hamper the Growth of the Market
Opportunities:Launch of Innovative and Advanced IoT Based Electronic Devices and Development in 5G Technologies to Create Significant Growth Opportunities
Key Target AudienceGNSS Positioning System Manufacturers, IT and Software Firms, Government & Research Organizations, Potential Venture Capitalists and Investors, Market Research & Consulting Firms and Others