What is Navigation Satellite System Technology Market?
Navigation satellite system technology furnishes detailed information on GPS, GLONASS, Galileo, BeiDou, and other regional and augmented systems, provides practical guidance for surveying, mapping, and navigation with GNSS, sheds light on the latest developments and modern trends of GNSS, includes a detailed glossary of related terms and contains many illustrations that complement the text.
The market study is being classified, by Application (Agriculture, Aviation, Location-Based Services, Maritime and Time & Synchronization) and major geographies with country level break-up.
Qualcomm (United States), Broadcom Corporation (United States), MediaTek Inc. (Taiwan), Intel (United States), STMicroelectronics (Switzerland), Furuno Electric Co., Ltd. (Japan), Raytheon Company (United States), Collins Aerospace Systems (United States), TomTom (Netherlands) and Topcon (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Trimble Navigation (United States) and u-blox (Switzerland).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Navigation Satellite System Technology market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Navigation Satellite System Technology market by Type, Application and Region.
On the basis of geography, the market of Navigation Satellite System Technology 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Applications in the Agricultural Industry
- High Demand from Aircraft Industry
Market Trend
- Advancements in Technology and Increasing Internet in Positioning Techniques
Restraints
- Limitations Associated with Navigation Satellite System Technology
Opportunities
- Growth in the Agricultural Industry Worldwide
- Increasing Penetration of the Internet
Challenges
- The GPS signal can not pass through walls or solid structure
Key Target Audience
Navigation Satellite System Technology Providers, Emerging Companies, Research Professionals and End-users