Global GPS and GNSS Receiver Market, By Type (Survey and Precision), By Application (Automobiles, Aviation, Industrial Machinery, Maritime, Mining, Telecommunication and Agriculture), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2029

For navigation global positioning system has been commonly used by individual or group. GNSS is a satellite based network responsible for the satellite positioning. GNSS stands for Global Navigation Satellite System. Global Positioning System (GPS) is an application of GNSS used to track the positioning of a continuously moving entity and it was first developed for military personals. It comprises constellations of satellites orbiting over the earth's surface and continuously transmitting signals that enable users to determine their position. Ease of traveling and accurate monitoring of operations and assets are some benefits provided to the customers by this system in road applications. GNSS and GPS receivers are now widely used in both military and civil. Its role in aviation market is to continuously track and study the positioning of aircrafts with low power consumption and more efficient and precise information.

Navigation, security and target tracking are the major drivers which help in surging the growth of global GPS and GNSS receivers market. Growing demands of GNSS and GPS receivers in military and civilian aircrafts along with rapid advancement in technical features of GNSS and GPS amplification has been a blooming cause in rise of the target market. Capturing a high revenue share and increase overall profitability over the coming years can help the player market to merge between component manufacturers and system integrals. Moreover, widening base of social media users and increasing number GPS-enabled applications to share their real time locations are likely to stimulate the growth of the regional market during the forecast period. However, lack of network infrastructure in underdeveloped areas and accuracy of location are poised to restrict the market from realizing its utmost potential. Clock inaccuracy and orbit shift of satellites are likely to provide technical challenges to GPS usage. Licensing, strict rules, and regulations are also expected to act as a significant barrier for rendering services efficient may inhibit the growth of target market. The high cost of GPS receivers is also a drawback due to which many of the industries, spending highly on these GPS trackers is seen to be not worth.

The global GNSS and GPS market can be segmented on the basis of type, application, and region.

On the basis of type, the target market is divided into survey and precision. On the basis of application, the target market is classified into automobiles, aviation, industrial machinery, maritime, mining, telecommunication and agriculture. Aviation and automobile industry uses GPS and GNSS more efficiently than other industry due to its global location application. 

On the basis of region, Global Well cemented market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The target Market in North America is expected to dominate during the forecast period, owing to many local vendors in the market. Due to the presence of numerous developing countries in this region along with their emerging markets, Asia Pacific accounts the fastest growth of the target market in coming years.

The key players operating in the GNSS and GPS market are Qualcomm Inc., Hexagon AB, Broadcom Inc., Trimble Navigation Limited, MiTAC Digital Technology Corporation (Navman), TomTom N.V, Rockwell Collins Inc., Texas Instruments Incorp., Garmin Limited., and Mio Technology Corporation.