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Global Navigation Satellite System (GNSS) Market Key Regions with Production, Consumption, Revenue, Share and Growth Rate: Radiant Insights

Global Navigation Satellite System (GNSS) Market Key Regions with Production, Consumption, Revenue, Share and Growth Rate: Radiant Insights

Global Navigation Satellite System (GNSS) Market report studies GNSS in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer.

Global Navigation Satellite System (GNSS) Market report studies GNSS in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer.

The worldwide Global Navigation Satellite System (GNSS) market is expected to develop at a steady growth rate over the forecast period (from 2016 to 2021), according to findings of a report on Radiant Insights, Inc.Rapid development of the tablet computer and smartphone industries is likely to be one of the key factors positively impactingthe market over the coming years.

A GNSS enables determination of time, velocity, and position by processing signals from various satellites. Global and regional constellationsgive signals to the GNSS. The navigation system is made of three layers,satellites orbiting the earth,stations on the ground to observe those satellites, and users dependent on these satellites to determine their time and position.

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The technology helps navigate by offering turn-by-turn indications to drivers using in-vehicle systems or Portable Navigation Devices (PNDs).By sending positioning details through telematics, this technology can also be helpful in fleet management, through which transport operators can observe their logistics activities.

A rise in demand for in-vehicle systems, adoption of GNSS for electronic tolling, and awareness regarding safety of using GNSS technology is anticipated to boost the market over coming years.Moreover, factors such as rise in demand for GPS-enabled devices,increasing spending on Internet of Things (IoT) technology and devices, and need for monitoring and tracking every movement of logistics are anticipated to boost market growth.

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Other factors driving the market are increased adoption of smart and connected devices, rapid development in robotics solutions, and high demand for safety and security.However, factors such as lack of awareness about this technology, high costs associated with it, and signal connectivityissues may hinder the growth of this market in future.

Advent of multimodal logistics is expected to be one of the key trendsthat will gain traction in the global market in future. GNSS-based data can also be merged with information about the status of the holder, freight, etc. and can be sent to customers and logistic administrators. This is projected to assist companies in improvingadequacy and proficiency of transport operations and tackling issues by determining place of impact.

Leica Geosystems, a leading company in measurement technology, launched a new smart antenna called “Leica Zeno GG04” for high-quality positioning data. It provides a great solution to enhance GNSS accuracy of mobile devices with Precise Point Positioning (PPP) and Real-Time Kinematic (RTK). The GG04 smart antenna uses advanced GNSS technology to track Galileo, GPS, Beidou, GNSS, and QZSS satellite systems.

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The global GNSS market is categorized as per product type, application or enduser, and region.Based on product type, the market is segmented intoGlobal Positioning System (GPS), Glonass, Galileo, and BeiDou Navigation Satellite System (BDS).Based on application, the market is categorized into rail, road, location-based services (LBS), aviation, and others.Based on region, the market is divided into Europe, North America, India, China, Japan, and Southeast Asia.

The global market is quite competitive. Major companies operating in this market include NovAtel Inc.; Trimble Inc.; Rockwell Collins, Inc.; Furuno Electric Co., Ltd.; AgJunction LLC; and FAW Group Corp. These players focuson R&D activities to introduce new products and differentiate them with a clear,unique value proposition to gain a competitive edge.

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