About Navigation Satellite Systems
Navigation Satellite Systems is satellite-based connectivity, which is defined as the internet access offered through communications satellites. It is utilized in various applications including communication, mapping and navigation, earth observation and remote sensing, scientific research, and others. There are various types of services including one-way satellite communication link service and two-way satellite communication link service.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented by key markets that are focusing on production technologies, enhancement efficiency, and product life. Rising opportunities are captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Navigation Satellite Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Rockwell Collins (United States), Qualcomm Technologies International Ltd. (United States), AgJunction, Inc. (United States), Garmin Ltd. (United States), Furuno Electric Co Ltd. (Japan), Hexagon (Canada), Raytheon Company (United States), Topcon Corporation (Japan), Trimble Navigation Ltd. (United States) and TomTom NV (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Shanghai Huace Navigation Technology Ltd. (China), Javad Gnss (United States) and NovAtel Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Navigation Satellite Systems market by Type (GPS (global positioning system), GLONASS (global orbiting navigation satellite system), Galileo and Beidou), Application (Outdoor Sports and Recreational Activities, Surveying and Mapping, Mobile Satellite Communications, Emergency and Location-Based Services, Maritime and Others) and Region.
On the basis of geography, the market of Navigation Satellite Systems 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). If we see Market by Industry Verticals, the sub-segment i.e. Consumer Electronics will boost the Navigation Satellite Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Hardware-Based GNSS Receivers will boost the Navigation Satellite Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancements Such as Innovation of Various Applications
Market Growth Drivers:
Rising Usage Across Various Industry Verticals and Growing Requirement for Enhancement of the Performance in Positioning Solution Majorly in Adverse Environments
Challenges:
High cost associated with Navigation Satellite Systems
Restraints:
Some of the major issues including low available bandwidth & poor quality of voice and data in inadequate signal circumstances are expected to confine growth in the predictable future.
Opportunities:
An increasing number of Government initiatives to implement satellite-based connectivity services and rising requirements from the developing markets will generate new opportunities for market expansion.
In January 2024, China has launched two satellites into medium-Earth orbits (MEO) for its BeiDou Navigation Satellite System, reported the China Satellite Navigation Office.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Navigation Satellite Systems Service Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.