Leading players profiled in the navigation satellite system market include TomTom NV (Netherlands), Rockwell Collins (the U.S.), Trimble Navigation Ltd. (the U.S.), Topcon Corporation (Japan), Raytheon Company (the U.S.), Raytheon Company (the U.S.), Furuno Electric Co Ltd. (Japan), Garmin Ltd. (Switzerland), AgJunction, Inc. (the U.S.), Qualcomm Technologies International Ltd. (the U.S.) and Rockwell Collins (the U.S.).
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The navigation satellite system market is predicted to grow at a favorable CAGR over the forecast period (2018-2023). GNSS or the global navigation satellite system simply put, is any satellite constellation which offers PNT (positioning, navigation, timing) services both on a regional and global basis. The applications using the GNSS signals are applied on maritime, air, rail and road transport along with other areas such as environmental earth observation, mineral prospecting, agriculture, geodesy and telecommunications. The performance level of navigation satellite system is measured based on four criteria- availability, continuity, integrity and accuracy. When it comes to the benefits of using navigation satellite systems the list can go on and on. Some of those that are worth mentioning include- improve vehicle efficiency and traffic flow, guide users, track shipments and parcels, track lost pets, facilitate the civil protection operations especially in harsh environments, offer critical tools to border control authorities and coastguard, speed up the rescue operations and conduct scientific research in geodesy, troposphere and meteorology.
Some of the market trends and factors in this market as per an analysis conducted by Market Research Future (MRFR) include increased focus on PNT tools in government, commercial, military and industrial applications, increasing demand for navigation devices and indoor positioning, customer privacy solutions, low transaction cost, extra revenues from the value-added services and minimal environmental impact. However, unstructured data storage and ease of availability resulting in cyber threats is likely to hamper the navigation satellite system market growth.
Market Research Future report provides a comprehensive segmental analysis of the global navigation satellite system market on the basis of application and technology.
Based on application, it is segmented into time and synchronization, surveying, rail, road, maritime, location-based services, aviation and agriculture. The location-based services are further segmented into search and rescue (PLB), personal tracking devices, sports and wearable, portable computer, digital cameras, tablets and smartphones. Maritime is further segmented into fishing vessels, marine engineering, traffic management, ports, recreational navigation, merchant navigation, inland water transport (iww), homeland security, traffic management, search and rescue (epirb) and search and rescue (plb). Surveying is further segmented into marine surveying, mining, construction-person based mapping, construction-machine control and cadastral. Time and synchronization is further segmented into finance, energy and telecommunication.
Based on technology, the navigation satellite system market is segmented into satellite-based augmentation systems (SBAS) and global constellations. Satellite-based augmentation is further segmented into MSAS (Japan), GAGAN (India), WAAS (North America) and EGNOS (Europe). Global constellation is further segmented into BeiDou, Galileo, GLONASS and GPS.
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Based on region, the global navigation satellite system market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, North America dominates the market owing to rising reliance on online navigation systems in different domains of application and rising utilization of smartphones. In Europe this market is driven largely by increasing need of exact navigation systems for defense and military sector, transport and maritime surveillance. The Asia Pacific region has a significant market growth due to growing penetration of smartphones, incorporation of GNSS in aviation, agriculture and other sectors and increasing demand for real-time navigation solutions.
The navigation satellite system market is dominated by a large number of vendors who offer navigation satellite system solutions. There is a tough competition amid key vendors based on various aspects such as solutions, security and quality.
Nov 2018- China has included in its existing BeiDou Navigation Satellite System (BDS) two more satellites thereby being the fourth following the US GPS system, GLONASS (Russia) and European Union’s Galileo. BeiDou will go global around 2020 and by then it will have over 30 satellites.
September 2018- Polynesian Exploration Inc has announced about its high-accuracy navigation solution, PolyNav 2000P, which has specially been made for the emerging applications mainly autonomous driving and UAVs.
TABLE OF CONTENTS
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Markets Structure
3. Market Research Methodology
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
4. Market Landscape
LIST OF TABLES
Table1 Global Navigation Satellite System Market, By Country, 2018-2023
Table2 North America: Navigation Satellite System Market, By Country, 2018–2023
Table3 Europe: Satellite Navigation System Market, By Country, 2018–2023
Table4 Asia-Pacific: Satellite Navigation System Market, By Country, 2018–2023
Table5 Latin America: Navigation Satellite System Market, By Country, 2018–2023
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LIST OF FIGURES
Figure 1 Global Navigation Satellite System Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis Of Global Navigation Satellite System Market
Figure 4 Value Chain Of Global Navigation Satellite System Market
Figure 5 Share Of Navigation Satellite System Market In 2018, By Country (In %)
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