Published Date : Nov 14, 2016
ALBANY, NY, Nov 14, 2016 – The report, titled “Global Navigation Satellite System Market 2016-2020” offers an in-depth market reports after thorough primary and secondary research. Based on current trends and historical data, the report estimates that the global navigation satellite system (GNSS) will expand at a healthy CAGR of 4.5% from 2016 to 2020. It leverages Porter’s Five Forces Analysis, which analyzes supplier power, buyer power, competitive rivalry, threat of substitution, and threat of new entry, to derive insights into the competitive dynamics of the industry.
A global navigation satellite system employs a constellation of orbiting satellites working with a network of ground stations. It is used to pinpoint the geographic location of a user's receiver anywhere in the world. The signals sent by GNSS from space are complex, for they have a frequency of about 1.5 GHz (gigahertz) per 1.5 billion cycles per second. GNSS requires frequencies that are higher than FM radio, but lower than a microwave oven, for proper functioning. The market research report on the global navigation satellite system details the GNSS architecture component functionalities and the various equipment used.
The report discusses the various growth drivers in the market. Navigation requirements in various forms of road transportation, for example, have provided a fillip to its market. Another factor driving market growth is rising popularity of local based services (LBS), which typically use mobile devices with positioning ability, to provide service or information relevant to its user in that particular location. GNSS-based solutions also find application in smart cities and multimodal logistics.
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The report discusses market restraints stemming from multiconstellation compatibility and interoperability issues. Today, there are over 60 operational GNSS satellites in orbit from several systems transmitting a variety of signals on multiple frequencies. The number is predicted to reach 90 in five years’ time. With so many signals and frequencies, there is bound to be confusion and glitches. The report also details latest trends in the market. One such trend is the need for GNSS in driverless cars or autonomous vehicles. Designed to travel sans a human operator and on their way to becoming mainstream, they depend heavily on GNSS for accurate street directions.
In order to provide an insightful and comprehensive picture of the global navigation satellite system market, the report segments it based on various parameters and presents a comprehensive picture of each segment. By end-users it divides the market into LBS, road, aviation, surveying, rail, maritime, and agriculture. It presents a value chain reports of each and further subdivides them on the basis of geography. It unveils important data on revenue, market size, and growth prospects. The overall market too has been segmented on the basis of geography in the report into Asia Pacific (APAC); Americas; and Europe, Middle East, and Africa (EMEA). Some of the key vendors operating in the market are Broadcom, Intel, Qualcomm, SkyTraq, and MediaTek.
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