Navigation System Sensor Market Scope
A navigation system sensor is used to determine a user's geographic location anywhere on the planet. It gives location positioning, high-precision navigation, scientific questions, and timing. With the help of a global navigation system sensor, the signal received from the satellite is transformed into location, velocity, and time estimates. Mobile satellite communications, surveying and mapping, outdoor sports, marine, and location-based services in end uses such as consumer electronics, automotive, travel & tourism, military & defense, and industrial are some of the applications they have. The market is expanding rapidly and will continue to do so in the future. The fact that it provides value-added services at a reasonable cost with no environmental impact is a major driving factor for the worldwide navigation system sensor market's growth. It's also being used by satellites to determine exact orbits. They also have applications in photography, where the digital camera employed offers information on the location, time, and position of the shot taken, among other things. Furthermore, they are utilized to live track vessels and automobiles in marine and cab services, respectively.
The Navigation System Sensor market study is segmented by Type (Global Positioning System (GPS), Galileo, Global Orbiting Navigation Satellite System (GLONASS) and Beidou), by Application (Mobile Satellite Communications, Surveying, Mapping, Outdoor Sports, Maritime, Location-Based Services and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Navigation System Sensor market throughout the predicted period.
Garmin Ltd(United States), Google (United States), Trimble Inc.(United States), Topcon Corporation (Japan), Safran Electronics &Defense (France), Thales Group (France), The Raytheon Company (United States), General Electric Company (United States), Broadcom(United States) and Honeywell (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 Pulse Electronics Corporation (United States), Javad Gnss(United States) and VectroNav Technologies LLC (United States).
About Approach
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 total available market.
Segmentation Overview
AMA Research has segmented the market of Global Navigation System Sensor market by Type, Application and Region.
On the basis of geography, the market of Navigation System Sensor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Saudi Arabia, Turkey, Israel, United Arab Emirates, South Africa, Rest of Africa), North America (United States, Canada, Mexico).
June 2021 – Garmin launches NavIC enabled Standalone Handheld Devices and July 2020 – Honeywell Expands Navigation Offerings To Provide More Options For Precise Data In Areas Without GPS
Market Trend
- Increasing Demand for Accuracy in Navigation
- 5G Technology
Market Drivers
- Provides Value Added Service at Low Cost and Minimal Environment Impact
- Adopted by Spacecraft for Precise Orbit Determination
Opportunities
- Growing Applications in Photography Where the Digital Camera Used Provides Information Regarding the Location, Time, Position
- Surge in Usage in Consumer Electronics
- Growing Technological Advancements
Restraints
- High System Cost
- Concerns Regarding Cyber and Data Security
Challenges
- Lack of Supporting Infrastructure in Developing Countries