Bharat Book Bureau Provides the Trending Market Research Report on “GNSS Simulators Market by Component (Software, Hardware, and Services), GNSS Receiver (GPS, Galileo, GLONASS, and BeiDou), Application (Vehicle Assistance Systems, Location-based Services, and Mapping), Vertical, Type and Region - Global Forecast to 2027” under the Services Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
The global GNSS Simulators Market size is expected to grow from an estimated value of USD 184 million in 2022 to USD 287 million by 2027, at a Compound Annual Growth Rate (CAGR) of 9.3% from 2022 to 2027. Some of the factors that are driving the market growth includes increased use of 5G in connectivity and growing demand for UAVs.
By application, location-based services segment to account for a higher market share during the forecast period
Location tracking systems enable enterprises to identify, track, and manage their key assets, such as equipment, tools, containers, personnel/staff, and animals, by placing a tag on them. Location-based solutions and technologies support applications that integrate geographic-location information with business processes, thereby helping analyze location information. Location-based information is required in distinct business datasets for relating, comparing, and analyzing the relationship between the data. Software-based solutions include geocoding and reverse geocoding, Geospatial Transformation and Load (GTL), reporting and visualization, location analytics, context accelerator, geofencing, risk analytics, and threat prevention.
Hardware-based solutions include sensors and readers, tags, and transponders. Vehicle tracking systems use GPS to keep track of multiple fleets of vehicles in real-time. Fleet management solutions comprise data logging, satellite positioning, and data communication for managing transportation. These solutions also enable services, such as vehicle finance, vehicle maintenance, vehicle telematics (tracking and diagnosis), and fuel management. Smartphones, tablets, tracking devices, digital cameras, portable computers, and fitness gear use GNSS positioning for navigation, mapping, and determining consumer preferences.
By receiver, BeiDou to grow at the highest CAGR during the forecast period
The BeiDou Navigation Satellite System (BDS), also known as BeiDou-2, is China’s second-generation satellite navigation system. It is capable of providing PNT services to users on a continuous worldwide basis. The Chinese government approved the development and deployment of the BeiDou system in 2006, and the global BeiDou navigation satellite system is expected to become operational by 2020. By December 2011, the BeiDou system was officially announced to provide an initial operational service comprising initial passive PNT services for the APAC region with a constellation of 10 satellites (5 Geostationary Earth Orbit [GEO] satellites and five Inclined Geosynchronous Orbit [IGSO] satellites). In 2012, five additional satellites were launched, comprising 1 GEO satellite and four Medium Earth Orbit (MEO) satellites. There are currently 38 BeiDou satellites: 18 BeiDou-2 satellites and 20 BeiDou-3 satellites in orbit, providing various services to global users.
Breakdown of primary participants:
•By Company Type: Tier 1 = 25%, Tier 2 = 40%, and Tier 3 = 35%
•By Designation: C-Level Executives = 30%, Directors = 35% and Others = 35%
•By Region: North America = 15%, Europe = 25%, APAC = 30%, MEA = 10%, Latin America= 20%
Major vendors in the global GNSS simulators market include Spirent Communications (UK), Rohde & Schwarz (Germany), Hexagon (Sweden), Syntony GNSS (France), VIAVI Solutions (US), Keysight Technologies (US), u-blox (Switzerland), Averna (Canada), Accord Software & Systems (India), RACELOGIC (UK), GMV NSL (UK), CAST Navigation (US), IFEN (Germany), TeleOrbit (Germany), iP-Solutions (Japan), Jackson Labs Technologies (US), WORK Microwave (Germany), M3 Systems (France), Qascom (Italy), Saluki Technologies (Taiwan), MaxEye Technologies (India), Tersus GNSS (Australia), Digilogic (India), NOFFZ Technologies (Germany), Elkay (India).
The study includes an in-depth competitive analysis of the key players in the GNSS simulators market, with their company profiles, recent developments, and key market strategies.
The report segment the GNSS simulators market and forecast its size, by GNSS simulators market by Component (Hardware, software and services), by type (single channel and multi channel), by receiver, by application, by vertical and by region (North America, Europe, Asia Pacific, Middle East and Africa), and Latin America).
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key benefits of buying the report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall GNSS simulators market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
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