GNSS Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: ITR 28805 Report Format: PDF + Excel

GNSS Equipment Market Overview

GNSS Equipment market size was valued at $160.30 billion in 2020, and it is estimated to grow at a CAGR of 12.80% during 2021-2026. GNSS stands for Global Navigation Satellite System and is integrated with Global Positioning System systems to manage precise location positioning anywhere on earth. The advancement in smartphone technologies, increasing use of mobile augmented reality and digitalization are some of the significant factors that propel the growth of the GNSS Equipment market globally. Moreover, the significant penetration of satellite positioning in-vehicle systems and growing demand for location-based services for personal tracking for efficient fleet operation solutions to manage warehouses along with the overall supply chain hub are set to drive the market. In addition, with the growing end users of consumer electronics and wearable with embedded GLSS equipment, along with the increasing investments by the companies like Tesla and Mercedes-Benz for denoting autonomous driving and other respective Automatic vehicle location features are estimated to boost the GNSS Equipment Industry.

Report Coverage

The report: “GNSS Equipment Industry Outlook - Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the GNSS Equipment market.

By Equipment: Smart antena, Receivers, Field Controllers, and others.
By Satellite system: GPS, Galileo, GLONASS, NavIC, QZSS and BeiDou.
By Applications: Time Synchronizing, Location Based Services, Unmanned systems, Surveying and mapping, Navigation, and others.
By End User: Construction, Media & Entertainment, Mining, Consumer electronics, Marine, Agriculture, Aviation, Astronautics, Transportation, Telecom & IT and others.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South Korea, Australia and Others), South America(Brazil, Argentina and others)and RoW (Middle east and Africa). 

Key Takeaways

  • The GNSS Receivers is estimated to hold the maximum market and grow at a 11.1% CAGR during the forecast period, owing to the constant enhancement of the entire GNSS infrastructure, along with the significant adoption of cost-effective and high reliability GNSS solutions.
  • The introduction of Government policies encouraging production of new technologies locally drives the growth of GNSS Equipment market.
  • Asia Pacific is accounted for the largest market size of the GNSS Equipment market and projected to grow 12.99% CAGR during the forecast period. The presence of the leading consumer electronics manufacturers, such as Quectel Wireless and Navika Electronics, and various on-going technological innovations are driving the growth of the market.


GNSS Equipment market share, By Region, 2020

GNSS Equipment market share
For More Details on This Report - Request for Sample

GNSS Equipment Market Segment Analysis – By Equipment 

By Equipment, the GNSS Equipment market is segmented into Smart antena, Receivers, Field Controllers, and others. The GNSS Receivers are estimated to hold the maximum market and grow at a 11.1% CAGR during the forecast period. The constant enhancement of the entire GNSS infrastructure, along with the significant adoption of cost-effective and high reliability GNSS solutions to denote various services, including automotive navigation system and more are contributing to the growth of the market. In September 2020, Bynav, a reliable developer and provider of high-precision GNSS products launched an IMU-enhanced GNSS RTK rugged enclosure receiver X1, in collaboration with Epson China Co Ltd. The GNSS high-precision positioning and heading receiver of Bynav is developed to offer 3D attitude data and reliable centimeter-level position in harsh environments. Therefore, the potential launches of higher performance and robust positioning accuracy devices and other satellite positioning systems are driving the growth of the GNSS Equipment Market.

GNSS Equipment Market Segment Analysis - By Application Type

By Application Type, the GNSS Equipment market is segmented into Time Synchronising, Location Based Services, Unmanned systems, surveying and mapping, and others. The Surveying and Mapping are analyzed to hold the major share and grow at a CAGR of 6.8% during the forecast period 2021-2026 owing to the growing adoption of GNSS devices across the units such as traffic, road and maritime. The promising demand for reliable and superior connectivity between the land and sea service has further accelerated the market growth. In April 2019, ZTE, a leading global provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, announced the business collaboration with Zhejiang Branch of China Mobile, and decided to launch “Heweitong”, a marine broadband satellite solution. The Heweitong, the marine broadband satellite is designed to deliver robust mobile network extension to the ocean. Thus, the innovations of varied GNSS equipment for surveying applications and other advancement of emergency locator transmitters are estimated to drive the GNSS Equipment Market.

GNSS Equipment Market Segment Analysis – By Geography

Asia Pacific is accounted for the largest market size of the GNSS Equipment market and is projected to grow 12.99% CAGR during the forecast period. The presence of the leading consumer electronics manufacturers, such as Quectel Wireless and Navika Electronics, and various on-going technological innovations, including wearable devices, smartphone and many more, in reference to real-time data for tracking as well as recording are estimated to drive market in this region. In fact, North America is analyzed to be the second largest holder of the GNSS Equipment market owing to the early adoptions of GPS-Aided GEO Augmented Navigation system, increasing implementation across personal device-based GPS coupled up with ADAS enables automotive technology by the major car companies like Tesla and Mercedes Benz. Autonomous driving generally implements artificial intelligence to steer and GLSS systems to locate the position, velocity, and direction of a vehicle. Based on the rising demand of visibility across the various industry-verticals, in December 2020, the leading GPS Tracking Systems provider, Rewire Security launched GPS & Telematics software for fleets to get the location of vehicles in real-time, driver route history and many more. The increasing implementation of train collision prevention systems like Positive train control in the United States and European Train Control System in Europe to calculate the distance between two accident prone trains are estimated to drive the market in these regions. In January 2019, Allystar launched a multi-band, multi-GNSS chip for devices. The HD8040 series helps portable devices in terms of greater accuracy, precision and available measurements. Therefore, the launches of new cost-effective technologies, such as automotive navigation system along with rising demand among consumers are estimated to drive the GNSS Equipment market in this region.

GNSS Equipment Market Drivers

Increasing applications of GLSS for improved location positioning

With technologies getting more and more accessible, there is also a rise in GNSS Equipment application. The use of GNSS in precision agriculture for enhanced agriculture production and a better crop yield. This use of GNS combined with artificial intelligence tools will help in better weather prediction in places where the production of crops is majorly dependent on rain and other weather conditions. Moreover, the use of GLSS equipment in unmanned driving of automobiles will further provide lucrative opportunities. In January 2020, Qualcomm Technologies, Inc. launched three new mobile platforms: the Qualcomm® Snapdragon™ 720G, 662 and 460, which provide improved user experiences across connectivity, entertainment and gaming. These new mobile platforms also offer fast 4G connectivity speeds, GNSS to improve location positioning and deliver key Wi-Fi 6 features. Therefore, the high adoption of consumer electronics like Mobile phones and wearables using GNSS, and other associated developments such as gravity-gradient stabilization solution are analyzed to accelerate the GNSS Equipment market.

Government policies encouraging production of new technologies locally

The introduction of new government policies in developing nations like ‘Make in India’ has motivated major companies like Apple and Samsung to establish their manufacturing plants in India. This has led to increased investment to manufacture technologies that implement GLSS in these developing countries. This will in turn reduce the prices of consumer electronics and make them accessible to more and more people. This is set to drive the market majorly in the APAC region. In August 2020, Sony announced the launch of high-precision GNSS Receiver for IoT and wearable devices. Hence, such advancements of Geosynchronous orbit systems and growing government initiatives are estimated to boost the GNSS Equipment market.

GNSS Equipment Market Challenges

Expensive GNSS components

With an increase in end users, there has been a significant increase in the demand for the infrastructure required to deliver the GNSS signals. The components like new satellites and advanced navigation based receiver systems which come at an exorbitant high price is a major challenge that hinders the growth of the GLSS market. 

GNSS Equipment Market Landscape

Technology launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the GNSS Equipment market. GNSS Equipment's top 10 companies include JAVAD GNSS, Huber+Suhner, U-blox, Cobham PLC, Inmarsat Communications, Iridium Communications, Inc., Intellian Technologies Inc., KVH Industries, Hughes (EchoStar)Harris Corporation and others.

Acquisitions/Technology Launches

  • In November 2020, Huber+Suhner launched a new updated lineup of Sencity Rail antennas that can receive signals from all four GNSS satellites: BeiDou, Galileo, GPS and GLONASS.
  • In November 2020, U-blox announced their new integrated GNSS platform that delivers high performance positioning applications and is extremely power efficient at the same time.
  • In June 2020, Intelligent positioning solutions provider, Position Partners announced the launch of MiRTK service for GNSS equipment for surveying and machine control.

Relevant Report Titles: 

Report Code: ESR 92500

Report Code: ITR 0018

For more Information and Communications Technology related reports, please click here

1. GNSS Equipment Market Overview
    1.1 Definitions and Scope
2. GNSS Equipment Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by Type
    2.3 Key trends segmented by Geography
3. GNSS Equipment Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. GNSS Equipment Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. GNSS Equipment Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. GNSS Equipment Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. GNSS Equipment Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Suppliers and Distributors
8. GNSS Equipment Market – By Equipment (Market Size -$Million/Billion)
    8.1 Smart Antennas
    8.2 Receivers
    8.3 Field Controllers
    8.4 Others
9. GNSS Equipment Market – By Satellite System (Market Size -$Million/Billion)
    9.1 GPS
    9.2 GLONASS
    9.3 NAVIC
    9.4 Galileo
    9.5 QZSS
    9.6 Beidou
    9.7 Others
10. GNSS Equipment Market – By Application (Market Size -$Million/Billion)
    10.1 Time Synchronizing
    10.2 Location Based Services
    10.3 Unmanned Systems
    10.4 Surveying and Mapping
    10.5 Navigation
    10.6 Others
11. GNSS Equipment Market – By End Use Industry (Market Size -$Million/Billion)
    11.1 Construction
    11.2 Media and Entertainment
    11.3 Mining
    11.4 Consumer Electronics
    11.5 Marine
    11.6 Agriculture
    11.7 Aviation
    11.8 Astronautics
    11.9 Transportation
    11.10 Telecom and IT
    11.11 Others
12. GNSS Equipment Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 South America
        12.2.1 Brazil
        12.2.2 Argentina
        12.2.3 Chile
        12.2.4 Colombia
        12.2.5 Others
    12.3 Europe
        12.3.1 Germany
        12.3.2 France
        12.3.3 UK
        12.3.4 Italy
        12.3.5 Spain
        12.3.6 Russia
        12.3.7 Netherlands
        12.3.8 Others
    12.4 APAC
        12.4.1 China
        12.4.2 Japan
        12.4.3 South Korea
        12.4.4 India
        12.4.5 Australia
        12.4.6 Indonesia
        12.4.7 Malaysia
        12.4.8 Others
    12.5 RoW
        12.5.1 Middle East
        12.5.2 Africa
13. GNSS Equipment Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. GNSS Equipment Market – Industry Competition Landscape (Premium)
    14.1 Market Share Global
    14.2 Market Share by Region
    14.3 Market Share by Industry
15. GNSS Equipment Market – Key Company List by Country Premium (Premium)
16. GNSS Equipment Market - Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10

LIST OF TABLES

1.Global GNSS MARKET, BY END USER Market 2019-2024 ($M)
1.1 RAIL Market 2019-2024 ($M) - Global Industry Research
1.2 AGRICULTURE Market 2019-2024 ($M) - Global Industry Research
1.3 AVIATION Market 2019-2024 ($M) - Global Industry Research
2.Global GNSS MARKET, BY END USER Market 2019-2024 (Volume/Units)
2.1 RAIL Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 AGRICULTURE Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 AVIATION Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America GNSS MARKET, BY END USER Market 2019-2024 ($M)
3.1 RAIL Market 2019-2024 ($M) - Regional Industry Research
3.2 AGRICULTURE Market 2019-2024 ($M) - Regional Industry Research
3.3 AVIATION Market 2019-2024 ($M) - Regional Industry Research
4.South America GNSS MARKET, BY END USER Market 2019-2024 ($M)
4.1 RAIL Market 2019-2024 ($M) - Regional Industry Research
4.2 AGRICULTURE Market 2019-2024 ($M) - Regional Industry Research
4.3 AVIATION Market 2019-2024 ($M) - Regional Industry Research
5.Europe GNSS MARKET, BY END USER Market 2019-2024 ($M)
5.1 RAIL Market 2019-2024 ($M) - Regional Industry Research
5.2 AGRICULTURE Market 2019-2024 ($M) - Regional Industry Research
5.3 AVIATION Market 2019-2024 ($M) - Regional Industry Research
6.APAC GNSS MARKET, BY END USER Market 2019-2024 ($M)
6.1 RAIL Market 2019-2024 ($M) - Regional Industry Research
6.2 AGRICULTURE Market 2019-2024 ($M) - Regional Industry Research
6.3 AVIATION Market 2019-2024 ($M) - Regional Industry Research
7.MENA GNSS MARKET, BY END USER Market 2019-2024 ($M)
7.1 RAIL Market 2019-2024 ($M) - Regional Industry Research
7.2 AGRICULTURE Market 2019-2024 ($M) - Regional Industry Research
7.3 AVIATION Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US GNSS Market Revenue, 2019-2024 ($M)
2.Canada GNSS Market Revenue, 2019-2024 ($M)
3.Mexico GNSS Market Revenue, 2019-2024 ($M)
4.Brazil GNSS Market Revenue, 2019-2024 ($M)
5.Argentina GNSS Market Revenue, 2019-2024 ($M)
6.Peru GNSS Market Revenue, 2019-2024 ($M)
7.Colombia GNSS Market Revenue, 2019-2024 ($M)
8.Chile GNSS Market Revenue, 2019-2024 ($M)
9.Rest of South America GNSS Market Revenue, 2019-2024 ($M)
10.UK GNSS Market Revenue, 2019-2024 ($M)
11.Germany GNSS Market Revenue, 2019-2024 ($M)
12.France GNSS Market Revenue, 2019-2024 ($M)
13.Italy GNSS Market Revenue, 2019-2024 ($M)
14.Spain GNSS Market Revenue, 2019-2024 ($M)
15.Rest of Europe GNSS Market Revenue, 2019-2024 ($M)
16.China GNSS Market Revenue, 2019-2024 ($M)
17.India GNSS Market Revenue, 2019-2024 ($M)
18.Japan GNSS Market Revenue, 2019-2024 ($M)
19.South Korea GNSS Market Revenue, 2019-2024 ($M)
20.South Africa GNSS Market Revenue, 2019-2024 ($M)
21.North America GNSS By Application
22.South America GNSS By Application
23.Europe GNSS By Application
24.APAC GNSS By Application
25.MENA GNSS By Application
26.GARMIN LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.QUALCOMM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.INTEL, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.MEDIATEK, INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.BROADCOM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.SKYTRAQ TECHNOLOGY, INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.STMICROELECTRONICS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.FURUNO ELECTRIC CO. LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.EFFIGIS GEO SOLUTIONS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.U-BLOX, Sales /Revenue, 2015-2018 ($Mn/$Bn)