FEATURED COMPANIES
- Avidyne Corporation
- Garmin International Inc.
- Hexagon AB
- Magellan Navigation Inc.
- Navico Inc.
- Raytheon Company
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
Frequently Asked Questions about the Global Market for Global Navigation Satellite System (GNSS)
What is the estimated value of the Global Market for Global Navigation Satellite System (GNSS)?
What is the growth rate of the Global Market for Global Navigation Satellite System (GNSS)?
What is the forecasted size of the Global Market for Global Navigation Satellite System (GNSS)?
Who are the key companies in the Global Market for Global Navigation Satellite System (GNSS)?
FEATURED COMPANIES
- Avidyne Corporation
- Garmin International Inc.
- Hexagon AB
- Magellan Navigation Inc.
- Navico Inc.
- Raytheon Company
I. METHODOLOGYII. EXECUTIVE SUMMARY4. GLOBAL MARKET PERSPECTIVE
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
III. MARKET ANALYSIS
IV. COMPETITION
A selection of companies mentioned in this report includes:
- 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
