Navigation Satellite System (GNSS) Market (By Solution: System, Service; By Type: Global Constellations, Regional Constellations, Satellite-based Augmentation; By Application: Rail, Aviation, Maritime, Surveying, Time Synch, Agriculture, LBS, Road, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032


The global navigation satellite system (GNSS) market size reached USD 231.24 billion in 2022 and it is expected to be worth around USD 596.78 billion by 2032, poised to grow at a CAGR of 9.95% during the forecast period 2023 to 2032.

Navigation Satellite System (GNSS) Market Size 2023 To 2032

To Access our Exclusive Data Intelligence Tool with 15000+ Database, Visit: Precedence Statistics

Key Takeaways

  • North America has held highest revenue share in 2022.
  • Asia-Pacific region is estimated to observe the fastest expansion during the forecast period.
  • By Solution, the service segment captured the largest market share in 2022.
  • By Solution, the system segment is projected to grow at the fastest CAGR over the projected period.
  • By Type, the global constellations has held highest revenue share in 2022.
  • By Type, the regional constellation segment is expected to expand at a fastest CAGR during the projected period.
  • By Application, the road segment contributed the largest market share in 2022.

Navigation Satellite System (GNSS) Market in the U.S. 2023-2032

The U.S. navigation satellite system (GNSS) market size accounted for USD 64.72 billion in 2022 and is estimated to reach around USD 167.02 billion by 2032, growing at a CAGR of 9.95% from 2023 to 2032.

U.S. Navigation Satellite System (GNSS) Market Size 2023 To 2032

North America has held largest revenue share in 2022. The presence of several prominent GNSS technology providers, such as Garmin, Trimble, NovAtel, and Hemisphere GNSS has contributed to the growth and innovation in the GNSS market across the region. It is widely adopted across various sectors in North America such as transportation for vehicle navigation, logistics, and fleet management. In agriculture, precision farming practices rely on GNSS for accurate positioning and guidance. Additionally, GNSS is vital for aviation, maritime, surveying, and public safety applications in the North America region.

Navigation Satellite System (GNSS) Market Share, By Region, 2022 (%)

Asia-Pacific estimated to observe the fastest expansion in the navigation satellite system (GNSS) market in 2022. The region witnessed a significant increase in the adoption of GNSS technology across various sector including transportation, agriculture, construction, telecommunications, and others. Furthermore, several countries in the Asia-Pacific region have developed or are in the process of developing their regional GNSS systems. For instance, India has its Indian rgional navigation satellite system (IRNSS), also known as NavIC, while Japan has the Quasi-Zenith Satellite System (QZSS). These regional systems may enhance positioning accuracy and reliability within their respective areas of coverage.

Europe had a well-established and active navigation satellite system (GNSS) market, with a strong emphasis on the development and utilization of GNSS technology. One of the standout features of the European GNSS market is the Galileo system, which is owned and operated by the European Union. Galileo is designed to provide independent positioning, navigation, and timing services to users worldwide. It aims to offer increased accuracy and resilience compared to other global GNSS systems. Galileo is used in various sectors, including transportation, agriculture, telecommunications, and emergency services.

Market Overview

Navigation satellite system (GNSS) depends on constellations of satellites orbiting Earth, such as the global positioning system (GPS), to transfer signals that are received and processed by GNSS receivers globally. These receivers, are integrated into an array of devices and applications, which enable users to precisely determine their geographical velocity, location, and time information.

The GNSS market encompasses various facets, including the deployment and maintenance of satellite constellations, the development of GNSS receivers, ground-based infrastructure, and monitoring stations. Its applications span across numerous sectors, such as transportation, with GPS navigation in vehicles and the advancement of autonomous driving, aviation, where GNSS aids in aircraft navigation and air traffic control, maritime navigation for ships and vessels, precision agriculture with tools for farming and crop monitoring, land surveying and mapping, search and rescue operations, and critical timing and synchronization for telecommunications and financial transactions.

Growth Factors

The growth of the navigation satellite system (GNSS) market can be attributed to various factors such as increasing demand for location-based services (LBS) across various industries, including transportation, logistics, and retail. GNSS technology enables real-time tracking, precise navigation, and personalized services, enhancing user experiences and business operations. GNSS technology also plays a critical role in safety and emergency services. Governments and organizations rely on GNSS for accurate location data in search and rescue operations, maritime safety, and emergency response, contributing to its continued growth.

The rise of autonomous vehicles is another pivotal growth driver such as self-driving cars, drones, and other autonomous systems rely heavily on GNSS for accurate positioning and navigation. As the autonomous vehicle industry matures and gains traction, the demand for high-precision GNSS solutions is expected to surge. Moreover, the agricultural sector is witnessing an expansion in precision farming practices. Farmers utilize GNSS-based guidance systems for tasks such as precision planting and yield monitoring, which not only boost crop production efficiency but also reduce resource consumption.

  • For instance, in February 2022, GEODNET, provides high-precision  and multi-band GNSS, that track satellite data, launched a real-time kinematic (RTK), centimeter precision, GNSS corrections service for original equipment manufacturers (OEMs) and systems integrators at the FIRA international agricultural robotics forum. It provides fast and reliable performance with the best achievable accuracy.

Navigation Satellite System (GNSS) Market Scope

Report Coverage Details
Growth Rate from 2023 to 2032 CAGR of 9.95%
Market Size in 2023 USD 254.13 Billion
Market Size by 2032 USD 596.78 Billion
Largest Market North America
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Solution, By Type, and By Application
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa


Navigation Satellite System (GNSS) Market Dynamics

Driver

Increasing popularity of location-based services (LBS)

In today's interconnected world, LBS have become ubiquitous, seamlessly integrating into our daily lives and a wide array of industries. Consumer's growing reliance on location-aware applications is one of the primary drivers for the navigation satellite system (GNSS) market. Smartphone users depend on GPS-enabled apps for turn-by-turn navigation, finding nearby businesses, and tracking fitness activities. Additionally, ride-sharing and food delivery services heavily rely on GNSS technology for real-time location updates, making them indispensable in urban environments.

Moreover, businesses across multiple sectors leverage LBS to provide personalized experiences and targeted marketing to customers. Retailers use location data to send promotional offers to nearby shoppers, enhancing customer engagement and driving foot traffic to physical stores. Logistics and delivery companies optimize routes and provide customers with real-time package tracking, improving efficiency and customer satisfaction.

In transportation and fleet management, GNSS-based solutions enhance safety and efficiency. Public transportation systems use real-time tracking to provide accurate arrival times to commuters, while logistics companies benefit from route optimization to reduce fuel consumption and delivery times. Thus, the increasing demand for LBS in everyday life, commerce, and various industries underscores the vital role of GNSS technology. For instance, in June 2023, Point One Navigation partnered with Septentrio to expand their precision location solutions throughout Western Europe. It is suitable for various demanding applications, such as precision agriculture, industrial autonomy, logistics and delivery, robots and autonomous vehicles.

Moreover, its accuracy, reliability, and global coverage make GNSS the backbone of location-based services, driving continued growth and innovation in the GNSS market as it continues to serve a diverse range of applications and industries.

Restraints

Growing security concerns

GNSS has become an indispensable tool for precise positioning, navigation, and timing services, several security-related challenges have emerged that raise apprehensions among users and organizations. Vulnerability of GNSS signals to interference and jamming is one of the major concern for the market. Deliberate jamming or unintentional interference can disrupt GNSS signals, leading to inaccurate positioning information. This vulnerability has significant implications for critical sectors such as aviation, maritime, and defense, where precise navigation is essential for safety and security.

Moreover, the threat of spoofing, where malicious actors generate counterfeit GNSS signals to deceive receivers, has gained attention. This can have severe consequences, from leading vehicles or vessels astray to compromising the security of critical infrastructure. The reliance on GNSS for critical infrastructure and services also makes it a potential target for cyberattacks.

Protecting GNSS infrastructure from cyber threats is a growing concern, as any disruption could have far-reaching consequences, affecting not only navigation but also financial transactions, telecommunications, and emergency services. As these security challenges persist and evolve, there is an increased need for robust security measures and backup navigation systems. Organizations and governments are actively exploring alternative positioning technologies and improving signal authentication methods to address these concerns.

Opportunities

Rapid development of autonomous cars, drones, and other self-driving vehicles

GNSS technology, comprising satellite constellations like GPS, GLONASS, Galileo, and BeiDou, plays a pivotal role in enabling the precise positioning, navigation, and timing necessary for the safe and efficient operation of these autonomous platforms. It also provides the foundational location data that autonomous vehicles rely on for real-time decision-making. Accurate GNSS data enables these vehicles to determine their exact positions on the road, calculate routes, and navigate complex environments, including highways and urban streets. Moreover, GNSS augmentation systems like real-time kinematic (RTK) and satellite-based augmentation systems (SBAS) offer centimeter-level accuracy, which is critical for ensuring the safety of passengers and pedestrians.

Drones, whether used for delivery services, aerial surveys, or surveillance, are increasingly dependent on GNSS technology. Precise positioning is essential for drone flight control, collision avoidance, and the execution of specific tasks. GNSS also aids in geofencing and defining no-fly zones, enhancing safety and security. As the autonomous vehicle and drone markets continue to grow and diversify, GNSS technology providers have an opportunity to innovate and develop more advanced solutions that cater to the unique requirements of these emerging industries.

  • For instance, in May 2023, Trimble launched PX-1 RTX solution for commercial drone delivery applications, it offers robust & accurate positioning and heading. It is equipped with trimble’s CenterPoint RTX corrections and small, high-performance GNSS-inertial hardware to offers centimeter-level positioning real-time, and highly precise inertial derived true heading measurements.

Impact of COVID-19:

The COVID-19 pandemic presented challenges to the GNSS market, particularly in terms of supply chain disruptions and economic uncertainty. However, it also highlighted the technology's importance in maintaining essential services and enabling remote work and telemedicine. As industries adapt to the new normal and prioritize resilience, GNSS technology is likely to continue playing a crucial role in various applications, offering opportunities for growth and innovation.

The increased adoption of telemedicine and remote work during the pandemic emphasized the need for accurate timing and synchronization, which GNSS technology provides. This led to potential opportunities in the telecommunications sector. Furthermore, agriculture continued to rely on GNSS technology for precision farming, helping to optimize crop management and maintain food production during the pandemic. GNSS technology also played a vital role in disaster response and management, including tracking the movement of relief supplies and ensuring accurate coordination during emergencies.

Solution Insights

Based on the solution, service solution is anticipated to hold the largest market share in 2022. Service providers offer real-time positioning and navigation services that utilize GNSS technology. These services are commonly used for vehicle navigation, asset tracking, and location-based applications. GNSS correction services enhance the accuracy and reliability of GNSS signals. These services correct errors introduced by factors like atmospheric conditions and signal delays, ensuring more precise positioning for applications that require high accuracy.

On the other hand, the system is projected to grow at the fastest rate over the projected period. This includes GNSS receivers, which are devices or components integrated into various applications like smartphones, vehicles, aircraft, and surveying equipment. GNSS receivers capture satellite signals and calculate precise positioning and timing data.

Type Insights

According to the type, the global constellations has held highest revenue share in 2022. These global constellations allow users worldwide to access accurate location and timing information. They serve a wide range of industries and applications, including transportation, agriculture, telecommunications, and emergency services. The availability of multiple global constellations offers redundancy and resilience in GNSS services, ensuring that users have access to reliable navigation and positioning data in various regions and under different conditions. For instance, United States' GPS is the most well-known and widely used global GNSS system. It consists of a constellation of satellites orbiting the Earth and provides highly accurate positioning and navigation data to users across the globe.

The regional constellation type is anticipated to expand at a significantly CAGR during the projected period. These constellations provide coverage and navigation services within specific geographical regions or areas, focusing on enhancing positioning accuracy and reliability in those particular regions. For instance, NavIC is India's regional GNSS system, designed to cover the Indian subcontinent and surrounding areas. It consists of a constellation of satellites that provide highly accurate positioning and timing information for users in India and neighboring regions. NavIC is used in various applications, including transportation, agriculture, and disaster management.

Application Insights

Based on the application, road is anticipated to hold the largest market share in 2022 and is projected to grow at the fastest rate over the projected period. The Road application within the Navigation Satellite System (GNSS) market encompasses the use of GNSS technology for various purposes related to road transportation and navigation. GNSS plays a pivotal role in improving road safety, optimizing traffic management, and enhancing the overall efficiency of road networks. It is also used in road transportation for vehicle navigation, route optimization, and fleet management. It provides real-time traffic information, assists in autonomous vehicle navigation, and enhances overall road safety.

Recent Developments:

  • September 2023: etherWhere partnered with Xona Space Systems to create a receiver that is capable of tracking Xona’s multi-frequency and high performance PULSAR signals.
  • August 2023: Harxon launched TS122 family of smart antennas for challenging precision agriculture applications to surge GNSS accuracy, availability, and reliability. 
  • July 2023: Semtech collaborated with UnaBiz to enable Sigfox 0G technology on Semtech’s LoRa Connect and the LoRa Edge platforms. LoRa Connect and the LoRa Edge transceivers equipped with ultra-low power Wi-Fi, GNSS scanning, and multi-band connectivity capabilities in a single monolithic silicon. It allow customers to use enhanced IoT use cases such as asset management through ultra-low power geolocation in industries.

Navigation Satellite System (GNSS) Market Players

  • Qualcomm Inc. (U.S.)
  • Texas Instrument Inc. (U.S.)
  • Trimble Inc. (U.S.)
  • Rockwell Collins (U.S.)
  • Broadcom Inc. (U.S.)
  • Hexagon AB (Sweden)
  • Furuno Electric Co. Ltd. (Japan)
  • Laird Plc. (U.K.)
  • Cobham Plc. (U.K.)
  • L3Harris Corporation (U.S.)
  • Topcon Corporation (Japan)

Segments Covered in the Report:

(Note*: We offer reports based on sub-segments as well. Kindly, let us know if you are interested)

By Solution

  • System
  • Service

By Type

  • Global Constellations
  • Regional Constellations
  • Satellite-based Augmentation

By Application

  • Rail
  • Aviation
  • Maritime
  • Surveying
  • Time Synch
  • Agriculture
  • LBS
  • Road
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

What is the navigation satellite system (GNSS) market size?
The global navigation satellite system (GNSS) market size is expected to increase USD 596.78 billion by 2032 from USD 231.24 billion in 2022.
What will be the CAGR of global navigation satellite system (GNSS) market?
The global navigation satellite system (GNSS) market will register growth rate of 9.95% between 2023 and 2032.
Who are the prominent players operating in the navigation satellite system (GNSS) market?
The major players operating in the navigation satellite system (GNSS) market are Qualcomm Inc., Texas Instrument Inc., Trimble Inc., Rockwell Collins, Broadcom Inc., Hexagon AB, Furuno Electric Co. Ltd., Laird Plc., Cobham Plc., L3Harris Corporation, Topcon Corporation, and Others.
Which are the driving factors of the navigation satellite system (GNSS) market?
The driving factors of the navigation satellite system (GNSS) market are the increasing popularity of location-based services (LBS), the rise of autonomous vehicles, and the demand for high-precision GNSS solutions is expected to surge.
Which region will lead the global navigation satellite system (GNSS) market?
North America region will lead the global navigation satellite system (GNSS) market during the forecast period 2023 to 2032.
How prevalent is the navigation satellite system (GNSS) market?
GNSS technology is widely used in everyday life. It is integrated into smartphones, tablets, and navigation systems, allowing individuals to access accurate location information for various purposes, including driving, hiking, and finding nearby businesses.
What is the role of navigation satellite system (GNSS) in the expansion of the market?
The navigation satellite system (GNSS) plays a pivotal role in the expansion of its own market by enabling and enhancing a wide range of applications across various industries.

PROCEED TO BUY :

   USD 4900
   USD 3800
   USD 2100
   USD 2100
   USD 7500

ASK FOR SAMPLE

No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client

Get a Sample