Future of Global Navigation Satellite System Market: Key Dynamics, Size & Share Analysis
The Navigation Satellite System Market is projected to grow at a CAGR of around 7.23% during the forecast period, 2022-27. The market has witnessed significant growth in the historical period of 2017-2021. With the rising demand for navigation-based services across various industries such as transportation, commercial businesses, e-commerce, delivery services, etc., the demand for navigation-enabled systems has grown in the respective period. The rise in the online sales of goods has contributed enormously to navigation-based systems with the growing need for real-time tracking of goods to ensure smooth deliveries.
Understanding the Core Segments in the Global Navigation Satellite System Market
By Type (Global Constellation, Regional Constellations, Satellite-based Augmentation), By Application (Rail, Aviation, Maritime, Surveying, Time Synch, Agriculture, Location-Based Service (LBS), Road, Military),
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Geographical Analysis of the Global Navigation Satellite System Market
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Who Dominates the Autonomous Global Navigation Satellite System Market Insights on Key Industry Players?
Companies are strengthening their presence in the Navigation Satellite System market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- Qulacomm Inc.
- Texas Instruments
- Trimble Inc.
- Broadcomm Inc.
- Hexagon
- Furuno Electrics
- Intel Inc.
- Cobham Limited
- Rockwell Collins
- Topcon Corporation
- Garmin International Inc.
- L3 Harris
- TomTom International BV
- Raytheon Technologies
- Others
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