Global GPS & GNSS Receivers Market Revenue Projected Around USD 13,090 Million By 2026

06-Feb-2020 | Facts and Factors

Facts and Factors has authored “GPS & GNSS Receivers Market By Product Type (Internal and External), By Application (Automotive, Aviation, Marine, Location-based Services, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”. Based on our analysis, the global GPS & GNSS Receivers market in 2019 was approximately USD 6,740.0 Million and is anticipated to reach around USD 13,090 Million by 2026. The anticipated CAGR for the GPS & GNSS Receivers market is around 10% from 2020 to 2026.

GPS & GNSS Receivers Market Size

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GNSS stands for the global navigation satellite system and is a standard term for satellite navigation systems such as Beidou, GPS, Galileo, GLONASS, and various other regional systems. GNSS offers autonomous geo-spatial positioning for global coverage. GNSS has access to multiple satellites that increases redundancy, accuracy, and availability at all times. Global Positioning System (GPS) was developed by the USA in 1978 and made available for the world since 1994. GPS is the most prominent satellite navigation system used across the globe.

Browse the full GPS & GNSS Receivers Market By Product Type (Internal and External), By Application (Automotive, Aviation, Marine, Location-based Services, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026 report at https://www.fnfresearch.com/gps-gnss-receivers-market-by-product-type-internal

The consistently growing demand for Unmanned Aerial Vehicles (UAVs) and autonomous vehicles are acting as the major driving factors for the global GPS and GNSS market. The high adoption rate of driverless cars is anticipated during the forecast period which will spur the growth of the market. Increasing investments in the field of space research coupled with the growing penetration of wearable’s and IoT are certain other factors that are expected to drive the market growth in the upward trajectory.

The global GPS/GNSS receivers market is categorized on the basis of product type, application, and regions. Based on product type the GPS/GNSS receivers are classified into internal and external. As per our analysis, the internal receivers segment held a majority of the market share in terms of both revenue and sales for the year 2019 and is expected to be the fastest-growing segment in the analysis period. The growth is mainly attributed to growing applications in smartphones and other tracking devices that require inbuilt GPS receivers.

Furthermore, by application, the market is bifurcated into automotive, aviation, marine, location-based services, and others. The automotive segment is the fastest-growing segment owing to its vast application in smart mobility, ADAS (Advanced Driver Assistance Systems), dangerous goods tracking, communicating with other vehicles on road, and many more. In addition, the government initiatives towards supporting the use of autonomous vehicles are propelling the automotive segment.

Based on geography, the global GPS/GNSS receivers market has been analyzed in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the prominent region for the global GPS/GNSS receiver market with a revenue share of around 40% in the year 2018. Additionally, the Asia Pacific is the fastest-growing region and is expected to dominate the market with approx. 50% of the global market share in the forecast period.

The growth is due to smartphone penetration in the region. The smartphone penetration in the Asia region is expected to reach near to 60% by the year 2021 owing to improved internet coverage coupled with affordable device options in the regions. Major countries analyzed in this research report are the U.S., Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Brazil, and Argentina among others.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 6,740.0 Million

Projected Market Size in 2026

USD 13,090 Million

CAGR Growth Rate

10% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

Trimble, Topcon, JAVAD GNSS, CHC Navigation, SOUTH Surveying & Mapping Instrument Co. Ltd., ComNav Technology, Hemisphere GNSS, Hexagon AB, NavCom Technology, Eos Positioning Systems, NVS Technologies, Suzhou FOIF, Pulse Electronics, CSR, Broadcom, Garmin, and Mediatek, and Others

Key Segment

By Type, Application, Sales, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Some of the leading players in the global market include

Trimble, Topcon, JAVAD GNSS, CHC Navigation, SOUTH Surveying & Mapping Instrument Co. Ltd., ComNav Technology, Hemisphere GNSS, Hexagon AB, NavCom Technology, Eos Positioning Systems, NVS Technologies, Suzhou FOIF, Pulse Electronics, CSR, Broadcom, Garmin, and Mediatek among others.

This report segments the GPS & GNSS Receivers Market as follows:

By Product Type Segment Analysis

  • Internal
  • External

By Application Segment Analysis

  • Automotive
  • Aviation
  • Marine
  • Location-based Services
  • Others

By Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • The Middle-East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle-East Africa

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