GNSS Devices Market size shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
GNSS Devices Market Growth and Trends
GNSS (or Global Navigation Satellite Systems) refer to devices to determine the accurate velocity and timing of a satellite system. Operating on an advanced geospatial technology, these machines record a favourable demand across the globe. The reasons behind this are mentioned hereby:
• Most of the aerospace and scientific research industries employ these devices for accurate and precise location.
• Today, consumer electronics such as mobiles, tablets and laptops are integrated with these devices, therefore stimulating their demand and accomplishing customer requirements.
• An increasing demand for IoT (Internet of Things) featured devices find an extensive popularity among the customers.
• Some of the factors which optimize their growing demand comprise:
Powerful and robust processing systems
Strong, precise and accurate satellite signals
Incredible power batteries
Multiple applications in engineering, IT and aviation sectors
• Many government policies support the applications of these devices.
• These equipment help in the propulsion of the smart city project in developed and developing countries.
• These machines also cater to underground navigation and indoor presence.
Challenges to GNSS Service Market
Despite multiple benefits, GNSS service devices fall short due to the following demerit:
• These devices are not power-efficient and consume massive amount of power supply during operations. This factors may hinder their optimal growth in the future.
GNSS Devices Market Regional Analysis
GNSS Devices Market Share and Competition
Key companies operating in this industry are: Qualcomm Technologies, Inc., Mediatek Inc., ST microelectronics N.V., Skyworks Solutions Inc., Furuno Electric Co. Ltd., and Intel Corporation.
GNSS Devices Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Device Type Analysis (Revenue, USD Million, 2020 - 2027)
• Personal Navigation Devices
• In-vehicle Systems
End-user Industry Analysis (Revenue, USD Million, 2020 - 2027)
• Aerospace & Defense
• Other End-use Industries
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
GNSS Devices Market Companies
• Qualcomm Technologies, Inc.
• Mediatek Inc.
• STmicroelectronics N.V.
• Skyworks Solutions Inc.
• Furuno Electric Co. Ltd.
• Intel Corporation
Available Versions: -
United States GNSS Devices Market Research Report
Europe GNSS Devices Market Research Report
Asia Pacific GNSS Devices Market Research Report
India GNSS Devices Market Research Report