The Global Navigation Satellite System (GNSS) Market is projected to grow at a CAGR of around 7.23% during the forecast period, 2022-27.                                                              

Global Navigation Satellite System Market Dynamics:

Key Driver: Rise in E-commerce Services to Lead the Demand for Navigation Satellite Systems

The global e-commerce industry has gone through rapid growth & has numerous requirements for location-based services, which include tracking orders for delivery in real time and providing information to customers in order to maintain customer satisfaction and avoid delays, which are some of the major reasons for increased demand for satellite navigation systems. Further, the advent of navigation services for individual customers has also enabled the growth of the individual business to operate through online channels & effectively deliver goods to distant locations.

In response to this phenomenon, many communication device manufacturers are integrating navigation-based equipment for accessing navigation constellations such as BeiDou, GLONASS, GPS, QZSS, IRNSS, etc., to cater to a wider audience & build a robust eco-system to ensure navigation services work effectively across different geographies without disruption.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Navigation Satellite System Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2021

-Historical Period: 2017 to 2020

-Forecast Period: 2022-27

• By Type
  • Global Constellation
  • Regional Constellations
  • Satellite-Based Augmentation
• By Application
  • Rail
  • Aviation
  • Maritime
  • Surveying
  • Time Synch
  • Agriculture
  • Location-Based Service (LBS)
  • Road
  • Military
  • Others
• By Region
  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Qulacomm Inc, Texas Instruments, Trimble Inc, Broadcomm Inc, Hexagon, Furuno Electrics, Intel Inc, Cobham Limited, Rockwell Collins, Topcon Corporation, Garmin International Inc., L3 Harris, TomTom International BV, Raytheon Technologies, Others

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