"Smart Market Solutions to Help Your Business Gain Edge over Competitors"
GNSS stands for the global navigation satellite system. GNSS simulators are providing global coverage with the help of satellite navigation systems. It is a technologically advanced device that includes GPS, Beidou, GLONASS, Galileo, and other regional satellite navigational systems. GNSS simulators are providing complete control over constellation signals, no unwanted signal effects, and cost-effective testing.
The factors expected to drive the market is the rapid penetration of consumer activity in the internet of things ( IoT). Moreover, the growing demand for wearables across the world is anticipated to boost the market. Growing demand for unmanned aerial vehicles (UAVs), the advent of software-defined radio, and GNSS simulators are the upcoming opportunities for the market. However, the lack of digital infrastructure is affecting the market growth.
Key Market Driver -
Increasing Focus on R&D by Government Agencies across the Globe
Key Market Restraint -
Lack of Digital Infrastructure
By type, the market is segmented into the single-channel and multichannel. Based on the component, the market is segmented into hardware and software. Based on the GNSS receiver, the market is categorized into GPS, Galileo, GLONASS, and BeiDou. Based on application, the market is segmented into vehicle assistance systems and location-based services. Based on vertical, the market is categorized into military & defense, automotive, consumer electronics, marine, aerospace, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and Rest of the world.
The major companies in the global GNSS simulators market report include Accord Software & Systems (India), CAST Navigation ( The U.S.), Hyper Tech (Israel), IFEN (Germany), IP-Solutions (India), Orolia ( The U.S.), Qascom (Italy), Rohde & Schwarz (Germany), Syntony GNSS (France), TeleOrbit (Germany), WORK Microwave (Germany), Jackson Labs Technologies ( The U.S.), M3Systems (France), RACELOGIC (The U.K.), Spirent Communications (The U.K.) and among others.
The GNSS simulators market has been segmented into North America, Europe, Asia Pacific, and Rest of the world. North America is estimated to be the largest market during the forecast period. The growth in the region is owing to advancements in GNSS-Enabled consumer IoT devices to fuel the demand for GNSS Simulators in the US. Furthermore, the government focus on geospatial innovation programs and the growing demand for UAVs in Canada projected to boost the market.
Asia-Pacific is expected to be the fastest-growing region during the forecast period. This growth is attributed to increasing focus on the use of beidou navigation satellite system in China. Additionally, government initiatives such as space development plan to create growth potential for GNSS Simulators in South Korea is helping to grow the market.
Europe registers significant growth during the forecast period. This growth is owing to the presence of multiple GNSS simulator vendors in Germany. In the U.K., the government’s focus on innovation and research is anticipated to boost the market. In the Rest of the world, increasing the adoption of geospatial information and technology in Latin America, and Middle East & Africa is propelling the market.
To gain extensive insights into the market, Request for Customization
By GNSS Receiver
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry