Global Satellite Navigation System Market Size study & Forecast, by Solution (System, Services) by Constellation (Global Navigation, Regional Navigation, Augmented), by Orbit (Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Others) and Regional Analysis, 2023-2030

October 2023 | 200 pages | ID: GBB1C2FD2A7BEN
Bizwit Research & Consulting LLP

Abstracts

Global Satellite Navigation System Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Satellite Navigation System is a global positioning system that uses a network of satellites to provide accurate geographic positioning information to receivers on Earth or in space. These systems enable precise location determination, navigation, and timing services for a wide range of applications. The most well-known and widely used satellite navigation systems is the Global Positioning System (GPS), developed and operated by the United States, and other similar systems like GLONASS (Russia), Galileo (European Union), BeiDou (China), and NavIC (India). The key factors driving the market growth is rising demand for location-based services, progressive development of space technologies, growing need for precise positioning and navigation data in various industries and cohesive government initiatives and investment.

Moreover, the government initiatives and investments play a crucial role in supporting the growth of the Satellite Navigation System Market. For instance, in May 2023, ISRO triumphantly initiated its second-generation navigation satellite series with the successful launch of a 2,232 kg satellite via a GSLV rocket from Sriharikota. This heaviest addition to the Indian Regional Navigation Satellite System (NavIC) contrasts the 1,425 kg weight of each of the seven satellites in the current constellation. Additionally, the technological advancements in navigation satellites and ground stations and emergence of new satellite constellations is anticipated to create lucrative opportunity for the market growth during forecast period 2023-2030. However, the lack of unified regulations and government policies stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Satellite Navigation System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising government investments in space initiatives, high domestic demand for satellite-based services, advancement in satellite navigation system technologies. Whereas, the Asia Pacific is expected to grow with the fastest growth rate during the forecast period, owing to factors such as the increasing government investments, rising technological advancements in satellite systems, and development of national infrastructure to support GNSS systems.

Major market player included in this report are:

Raytheon Technologies Corporation

Northrop Grumman Corporation

QualComm Technologies, Inc

Lockheed Martin Corporation

L3Harris Technologies Inc.

Hemisphere GNSS

SkyTraq Technology, Inc.

Texas Instruments

STMicroelectronics

Trimble Inc.

Recent Developments in the Market:

• March 2023, Lockheed Martin Corporation designed Horizon and Compass on an integrated and scalable modular architecture that is adaptable to specific needs of customers. They provide mission-critical features including as orbit management, autonomous operations, and formation flying for small, medium, and large constellations.

Global Satellite Navigation System Market Report Scope:

• Historical Data – 2020 - 2021
• Base Year for Estimation – 2022
• Forecast period - 2023-2030
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Segments Covered – Solution, Constellation, Orbit, Region
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Solution:

System

Services

By Constellation:

Global Navigation

Regional Navigation

Augmented

By Orbit:

Medium Earth Orbit (MEO)

Geostationary Earth Orbit (GEO)

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa

Contents

CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Satellite Navigation System Market, by region, 2020-2030 (USD Billion)
  1.2.2. Satellite Navigation System Market, by Solution, 2020-2030 (USD Billion)
  1.2.3. Satellite Navigation System Market, by Constellation, 2020-2030 (USD Billion)
  1.2.4. Satellite Navigation System Market, by Orbit, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SATELLITE NAVIGATION SYSTEM MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SATELLITE NAVIGATION SYSTEM MARKET DYNAMICS

3.1. Satellite Navigation System Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising demand for location-based services
    3.1.1.2. Growing need for precise positioning and navigation data in various industries
    3.1.1.3. Cohesive government initiatives and investments
  3.1.2. Market Challenges
    3.1.2.1. Lack of unified regulations and government policies
  3.1.3. Market Opportunities
    3.1.3.1. Technological advancements in navigation satellites and ground stations
    3.1.3.2. Emergence of new satellite constellations

CHAPTER 4. GLOBAL SATELLITE NAVIGATION SYSTEM MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economic
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL SATELLITE NAVIGATION SYSTEM MARKET, BY SOLUTION

5.1. Market Snapshot
5.2. Global Satellite Navigation System Market by Solution, Performance - Potential Analysis
5.3. Global Satellite Navigation System Market Estimates & Forecasts by Solution 2020-2030 (USD Billion)
5.4. Satellite Navigation System Market, Sub Segment Analysis
  5.4.1. System
  5.4.2. Services

CHAPTER 6. GLOBAL SATELLITE NAVIGATION SYSTEM MARKET, BY CONSTELLATION

6.1. Market Snapshot
6.2. Global Satellite Navigation System Market by Constellation, Performance - Potential Analysis
6.3. Global Satellite Navigation System Market Estimates & Forecasts by Constellation 2020-2030 (USD Billion)
6.4. Satellite Navigation System Market, Sub Segment Analysis
  6.4.1. Global Navigation
  6.4.2. Regional Navigation
  6.4.3. Augmented

CHAPTER 7. GLOBAL SATELLITE NAVIGATION SYSTEM MARKET, BY ORBIT

7.1. Market Snapshot
7.2. Global Satellite Navigation System Market by Orbit, Performance - Potential Analysis
7.3. Global Satellite Navigation System Market Estimates & Forecasts by Orbit 2020-2030 (USD Billion)
7.4. Satellite Navigation System Market, Sub Segment Analysis
  7.4.1. Medium Earth Orbit (MEO)
  7.4.2. Geostationary Earth Orbit (GEO)
  7.4.3. Others

CHAPTER 8. GLOBAL SATELLITE NAVIGATION SYSTEM MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Satellite Navigation System Market, Regional Market Snapshot
8.4. North America Satellite Navigation System Market
  8.4.1. U.S. Satellite Navigation System Market
    8.4.1.1. Solution breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Constellation breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Orbit breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Satellite Navigation System Market
8.5. Europe Satellite Navigation System Market Snapshot
  8.5.1. U.K. Satellite Navigation System Market
  8.5.2. Germany Satellite Navigation System Market
  8.5.3. France Satellite Navigation System Market
  8.5.4. Spain Satellite Navigation System Market
  8.5.5. Italy Satellite Navigation System Market
  8.5.6. Rest of Europe Satellite Navigation System Market
8.6. Asia-Pacific Satellite Navigation System Market Snapshot
  8.6.1. China Satellite Navigation System Market
  8.6.2. India Satellite Navigation System Market
  8.6.3. Japan Satellite Navigation System Market
  8.6.4. Australia Satellite Navigation System Market
  8.6.5. South Korea Satellite Navigation System Market
  8.6.6. Rest of Asia Pacific Satellite Navigation System Market
8.7. Latin America Satellite Navigation System Market Snapshot
  8.7.1. Brazil Satellite Navigation System Market
  8.7.2. Mexico Satellite Navigation System Market
8.8. Middle East & Africa Satellite Navigation System Market
  8.8.1. Saudi Arabia Satellite Navigation System Market
  8.8.2. South Africa Satellite Navigation System Market
  8.8.3. Rest of Middle East & Africa Satellite Navigation System Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Raytheon Technologies Corporation
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Northrop Grumman Corporation
  9.3.3. QualComm Technologies, Inc
  9.3.4. Lockheed Martin Corporation
  9.3.5. L3Harris Technologies Inc.
  9.3.6. Hemisphere GNSS
  9.3.7. SkyTraq Technology, Inc.
  9.3.8. Texas Instruments
  9.3.9. STMicroelectronics
  9.3.10. Trimble Inc

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption