Published On : 22 Jun 2018
The group of satellites that come under Global Navigation Satellite System (GNSS) seeks to up the degree of precision and the reach of various positioning technologies across the globe. GNSS has redefined the concept of interoperability and compatibility across several satellite navigation systems used in mobility applications. GNSS has leveraged the potential of precise positioning techniques to various applications and location-based services (LBS) in numerous industries, including aviation and transportation, agriculture, maritime, automotive, and defense. Some of the attractive applications include smart transportation systems, automatic vehicle location, emergency services tracking, pedestrian navigation, and air navigation.
Some of the prominent regional satellites under GNSS are Europe’s European Satellite Navigation System (GALILEO), Russian Federation's Global Orbiting Navigation Satellite System (GLONASS), US's Global Positioning System (GPS), and China’s BeiDou Navigation Satellite System (BDS).
Trends underpinning Rapid Evolution of GNSS Demand
According to estimates by QYResearchReports, the market for Global Navigation Satellite System is headed for a bright future. The growth is likely to hinge on emerging end-user requirements and advancements in technologies, notably in GNSS chips. The rapid expansion of the GNSS market will be also be tied to massive end-use industry efforts in integrating GNSS with other technologies.
The growing demand for satellite-based navigation in various positioning applications for a more precise and autonomous geo-spatial positioning across the globe is a key factor driving the demand for GNSS. The system has garnered popularity in several countries world over owing to the global reach it offers. The adoption of regional satellite-based augmentation systems to improve the performance of GNSS augurs well for the market. The move further builds up on the reliability and accuracy of the various GNSS components.
Need for Exciting Location-Based Services offers Robust Thrust to GNSS Adoption
In recent decades, GNSS has been occupying an increasingly crucial role in telecommunications, scientific research, and land surveying. GNSS also provides for an enticing technique in the exploration of solar systems. The integration of GNSS, geographic information systems, and wireless communications is also creating new avenues in the GNSS market. Advances in new wireless technologies, notably pertaining to LBS, are also support the attractiveness of the GNSS market.
Japan and China home to Vast Lucrative Opportunities for Market Players but Challenges Remain
On the regional front, countries of Asia Pacific are presenting substantial growth prospects for market players over the assessment period. In particular, Japan is displaying a vast market potential for GNSS. The rising uptake of satellite-based augmentation systems, particularly GPS-based Multi-functional Satellite Augmentation System (MSAS), is a key factor expanding the regional prospects. The increased focus on Quasi-Zenith Satellite System, a flagship project of the Japanese government in GNSS, has resulted in the development of four-satellite regional time transfer system and a satellite-based augmentation system in parts of Asia-Oceania. Efforts are ongoing for expanding the constellation size of satellites to seven by 2020 end.
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However, the dominance of regional players makes the entry of international companies in the GNSS market difficult. However, Japan will keep witnessing lucrative avenues owing to soaring expectation of consumers, medium level of risk, and the prospect of long-term profits in the regional market.
On the other hand, China is emerging as a potentially promising regional market for GNSS. The Government and several private players are expanding the capacity of BDS navigation system and hopes to make it global by the end of 2020. The exponential rise in number of cell phone users provides for a robust end-consumer base. However, even this regional market faces problems similar to Japan, with opaque regulatory norms, unfavorable legislations, and the lack of the governmental support.
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