FEATURED COMPANIES
- Avidyne Corporation
- Garmin International Inc.
- Hexagon AB
- Magellan Navigation Inc.
- Navico Inc.
- Raytheon Company
- MORE
Global Global Navigation Satellite System (GNSS) Market to Reach $228.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Global Navigation Satellite System (GNSS) estimated at US$155.1 Billion in the year 2020, is projected to reach a revised size of US$228.7 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Road, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$109 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Location-based Services (LBS) segment is readjusted to a revised 6.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $42 Billion, While China is Forecast to Grow at 8.6% CAGR
The Global Navigation Satellite System (GNSS) market in the U.S. is estimated at US$42 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$47.8 Billion by the year 2027 trailing a CAGR of 8.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Survey/Mapping Segment to Record 7.4% CAGR
In the global Survey/Mapping segment, USA, Canada, Japan, China and Europe will drive the 6.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.5 Billion in the year 2020 will reach a projected size of US$5.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$30.8 Billion by the year 2027, while Latin America will expand at a 8.7% CAGR through the analysis period.
Select Competitors (Total 57 Featured):
Amid the COVID-19 crisis, the global market for Global Navigation Satellite System (GNSS) estimated at US$155.1 Billion in the year 2020, is projected to reach a revised size of US$228.7 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Road, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$109 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Location-based Services (LBS) segment is readjusted to a revised 6.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $42 Billion, While China is Forecast to Grow at 8.6% CAGR
The Global Navigation Satellite System (GNSS) market in the U.S. is estimated at US$42 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$47.8 Billion by the year 2027 trailing a CAGR of 8.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Survey/Mapping Segment to Record 7.4% CAGR
In the global Survey/Mapping segment, USA, Canada, Japan, China and Europe will drive the 6.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.5 Billion in the year 2020 will reach a projected size of US$5.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$30.8 Billion by the year 2027, while Latin America will expand at a 8.7% CAGR through the analysis period.
Select Competitors (Total 57 Featured):
- Avidyne Corporation
- FEI-Zyfer Inc.
- Furuno USA Inc.
- Garmin International Inc.
- Harris Corporation
- Hemisphere GNSS Inc.
- Hexagon AB
- KVH Industries Inc.
- Leica Geosystems AG
- Magellan Navigation Inc.
- Microsemi Corporation
- Mio Technology Benelux N.V.
- MiTAC International Corporation
- NavCom Technology Inc.
- Navico Inc.
- NovAtel, Inc.
- Orolia Group
- Raytheon Company
- Rockwell Collins Inc.
- TomTom International B.V.
- Topcon Corporation
- Trimble Navigation Limited
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Avidyne Corporation
- Garmin International Inc.
- Hexagon AB
- Magellan Navigation Inc.
- Navico Inc.
- Raytheon Company
- MORE
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
III. MARKET ANALYSIS
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Global Navigation Satellite System (GNSS): A Prelude
- GPS, GLONASS, Beidou/BDS, Galileo and NAVIC: A Comparison of GNSS Platforms
- Recent Market Activity
- Economic Benefits Offered Create Conducive Environment for Wider Proliferation
- Expanded Use Case & Wide Addressable Market Keep Market Momentum Intact
- High Tide in Satellite Services Sector Lends Platform for Market Growth
- Global Positioning System (GPS): The Widely Adopted GNSS Platform
- Full-Fledged Roll Out of GPS III to Further Augment Commercial Use of GPS
- Developed Regions: Key Revenue Contributors
- High-Growth Opportunities in Developing Regions
- Bright Prospects Ahead for GNSS Solutions Market
- Avidyne Corporation (USA)
- Collins Aerospace (USA)
- FEI-Zyfer, Inc. (USA)
- Furuno USA, Inc. (USA)
- Garmin International, Inc. (USA)
- Hemisphere GNSS Inc. (Canada)
- Hexagon AB (Sweden)
- Leica Geosystems AG (Switzerland)
- NovAtel, Inc. (Canada)
- KVH Industries, Inc. (USA)
- L3Harris Technologies, Inc. (USA)
- Microsemi Corporation (USA)
- MiTAC International Corporation (Taiwan)
- Magellan Navigation, Inc. (USA)
- Mio Technology Benelux N.V. (Belgium)
- Navman New Zealand (New Zealand)
- NavCom Technology, Inc. (USA)
- Navico, Inc. (USA)
- Orolia Group (France)
- Raytheon Company (USA)
- TomTom International B.V. (The Netherlands)
- Topcon Corporation (Japan)
- Trimble Navigation Limited (USA)
- Road Applications: Important End-Use Category for GNSS Solutions
- As Satellite Navigation Becomes a Core Technology Block for Connected Car Systems & Autonomous Driving, Automotive Industry Emerges as a Key Revenue Pocket
- Intelligent Highway & ITS Favor Adoption of GNSS
- Expanding Role of Telematics in Fleet Management & Asset Tracking Augurs Well
- Driverless Cars: A Bright Prospect for High-End GNSS Systems
- Mining Entities Prefer GNSS for Machine Control Applications
- GNSS Gains Prominence in Infrastructure Development & Road Construction
- Increased Uptake of LBS Propagates Huge Growth Opportunities
- Advanced Surveying/Mapping Technologies Widen Scope & Span of GNSS
- Integration of GNSS Improves Architectural Survey Process
- Growing Lenience towards GIS Instigates New Opportunities for GNSS
- Aviation: A Niche End-Use Market for GNSS
- Healthy Commercial Aviation Outlook Bodes Well
- Rise of Unmanned Aircraft Extends New Set of Opportunities
- GNSS Extends its Proficiency in Marine Applications As Well
- Military & Defense: The Traditional Application Segment for GNSS/GPS Devices
- GNSS Continues to be a Specialized Tool for Timing Applications
- GNSS Assumes Critical Importance in Agriculture Sector
- Precision Farming Programs Lend Platform for GNSS in Agriculture Sector
- GNSS Emerges as Viable Tool for Georeferencing
- GNSS for Ecology & Geology Study Programs
- GNSS Seeks to Emerge as Disaster Prediction Tool
- GPS and HazMat Tracking - A Critical Use
- GNSS Makes Huge Progress in Mobile Devices
- Convergence with Smartphones: The Path-breaking Development for GNSS
- Handheld GNSS/GPS Devices Gain Mass Market Appeal
- Smart GPS Devices Outwit Traditional GPS Units - Attract New Opportunities
- Traditional GNSS Device Manufacturers Focus on Innovations amid Growing Competition from Smartphones
- Fitness & Sports: Fast Emerging Application Areas
- Technology Developments: The Lifeline for Commercial GPS Devices
- High-Precision Receivers Elevate Performance of GPS
- Augmentation Technologies Enhance Geographic Reach & Reliability of GPS
- Growing Availability and Declining Device Prices Provide Growth Impetus
- Availability of Economical GPS Chips Boost Commercial Application
- Affordable GPS Devices Rise in Popularity
- Wireless Connectivity Drives GPS Market
III. MARKET ANALYSIS
- UNITED STATES
- CANADA
- JAPAN
- CHINA
- EUROPE
- FRANCE
- GERMANY
- ITALY
- UNITED KINGDOM
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA-PACIFIC
- AUSTRALIA
- INDIA
- SOUTH KOREA
- REST OF ASIA-PACIFIC
- LATIN AMERICA
- ARGENTINA
- BRAZIL
- MEXICO
- REST OF LATIN AMERICA
- MIDDLE EAST
- IRAN
- ISRAEL
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
- AFRICA
- Total Companies Profiled: 57
Note: Product cover images may vary from those shown
- Avidyne Corporation
- FEI-Zyfer Inc.
- Furuno USA Inc.
- Garmin International Inc.
- Harris Corporation
- Hemisphere GNSS Inc.
- Hexagon AB
- KVH Industries Inc.
- Leica Geosystems AG
- Magellan Navigation Inc.
- Microsemi Corporation
- Mio Technology Benelux N.V.
- MiTAC International Corporation
- NavCom Technology Inc.
- Navico Inc.
- NovAtel, Inc.
- Orolia Group
- Raytheon Company
- Rockwell Collins Inc.
- TomTom International B.V.
- Topcon Corporation
- Trimble Navigation Limited
Note: Product cover images may vary from those shown
