PUBLISHER: Allied Market Research | PRODUCT CODE: 1140107
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140107
Global navigation satellite system (GNSS) refers to a constellation of satellites, which provides signals from the space that relays positioning, navigation, and timing data to the GNSS receiver. It provides accurate real-time positioning and timing services to users across the globe.
The growth of the global navigation satellite system market has propelled due to increase in the adoption of autonomous vehicles for several applications and growth in dependence on location-based services. However, cyber-attacks impacting navigation satellite systems and inaccuracy in GNSS data are the factors that restrain the growth of the market. Furthermore, fusion of 5G and GNSS is the factor expected to offer growth opportunities during the forecast period.
Space research agencies are focusing on utilization of signals from multiple global navigation satellite system (GNSS) constellations to complete space missions. The GNSS constellations is expected to provide reliable timing & navigation data to support space missions. For instance, in January 2021, under its Space Communications and Navigation (SCaN) program, NASA is developing a navigation architecture which is anticipated to provide precise and reliable Position, Navigation and Timing (PNT) data for the Artemis missions. GNSS signals is projected to be a part of this architecture and is expected to provide Artemis missions to the Moon with reliable timing and navigation data.
The navigation satellite system market is segmented on the basis of type, component, application, and region. By type, it is segmented into global constellations, regional constellations, and satellite-based augmentations. By component, it is classified into devices and services. By devices, it is further bifurcated into smartphones, mobiles & PDAs, personal tracking devices, sport & wearables, and other devices. By services, it is further bifurcated into added-value services and augmentation services. By application, it is fragmented into consumer and health solutions, road & automotive, and others.
Based on consumer and health solutions, it is further bifurcated into navigation & tracking, health & lifestyle, and tourism & corporate. By road & automotive, it is further fragmented into personal navigation device, road user charging, public transport buses, in-vehicle system, road fleet management, connected & automated driving, and others.
On the basis of others, it is further classified into aviation & drones, agriculture, maritime & inland waterways, infrastructure, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
Key Market Segments
By Component
By Type
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By Region