Global GNSS Devices Market 2024-2028

Global GNSS Devices Market 2024-2028
The GNSS devices market is forecasted to grow by USD 32.1 bn during 2023-2028, accelerating at a CAGR of 9.52% during the forecast period. The report on the GNSS devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by government initiatives and support in providing assistance in mobile devices, rising investment in satellite navigation programs, and innovation in navigation and positioning devices.

Technavio's GNSS devices market is segmented as below:

By End-userConsumer electronicsAutomotive and transportationMilitary and defenseOthersBy ProductSmartphonesTablets and wearablesIn-vehicle systemsPersonal tracking devicesOthersBy Geographical LandscapeAPACNorth AmericaEuropeMiddle East and AfricaSouth AmericaThis study identifies the increasing demand for precise navigation as one of the prime reasons driving the GNSS devices market growth during the next few years. Also, adoption of GNSS technology in smart devices and expansion of GNSS applications in autonomous vehicles will lead to sizable demand in the market.

The report on the GNSS devices market covers the following areas:GNSS devices market sizingGNSS devices market forecastGNSS devices market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading GNSS devices market vendors that include Beijing UniStrong Science and Technology Co. Ltd., Broadcom Inc., ComNav Technology Ltd., Furuno Electric Co. Ltd., Garmin Ltd., Hexagon AB, Intel Corp., L3Harris Technologies Inc., MediaTek Inc., NavtechGPS Inc., Osmose Utilities Services Inc. , Qualcomm Inc., Raytheon Technologies Corp., SkyTraq Technology Inc., STMicroelectronics International N.V., Texas Instruments Inc., The GEO Group Inc., TOPCON CORP., Trimble Inc., and u blox AG. Also, the GNSS devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.