Global Navigation Satellite Systems Market Expected to Grow at a CAGR of Around 8.2% During 2021-2027

News provided by

Nov 15, 2021, 10:15 ET

DUBLIN, Nov. 15, 2021 /PRNewswire/ -- The "Navigation Satellite Systems Market: Global Market Size, Forecast, Insights, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

The global navigation satellite system market is expected to grow at a CAGR of around 8.2% during 2021-2027.

This report on global navigation satellite systems market provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape.

The report presents a clear picture of the navigation satellite systems market by segmenting the market based on components, type, receiver, functions, end user, and region. Also, detailed profiles of companies operating in the global navigation satellite systems market are provided in this report.

Market Drivers

Increase in the demands of Unmanned Vehicles
Rapid penetration of consumer IoT

Market Challenges

High Initial cost and lack of digital infrastructure

Historical & Forecast Period

Base Year: 2020
Historical Period: 2016-2019
Forecast Period: 2021-2027

Market by Components

Hardware
Software
Services

Market by Type

Single channel
Multichannel

Market by Receivers

GPS
GLONASS
Galileo
BeiDou
Others

Market by Functions

Navigation
Mapping
Surveying
Location Based Services
Vehicle Assistance Systems
Others

Market by End User

Military & Defence
Automotive
Consumer Electronics
Aerospace
Marine
Others

Market by Region

Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa

Companies Mentioned

AgJunction Inc.
Broadcom Inc.
Cobham Plc.
Furuno Electrics
Garmin Ltd.
Harris Corporation
Hexagon
Laird Plc.
Qualcomm Inc.
Rockwell Collins
Texas Instruments
Trimble Inc.
Topcon Corporation

For more information about this report visit https://www.researchandmarkets.com/r/p3fv7n

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets