Wilmington, Delaware, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "GNSS Simulators Market by Component (Hardware, Software and Services), GNSS Receiver (GPS, Galileo, GLONASS, BeiDou and Others), Application (Mapping and Surveying, Navigation, Vehicle Assistance System, Location-based Services and Others), End-Use Industry (Automotive, Aerospace, Defense, Consumer Electronics and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the GNSS simulators market was valued at $182.3 million in 2023, and is estimated to reach $431.6 million by 2033, growing at a CAGR of 9.1% from 2024 to 2033.
Prime determinants of growth
Growth in adoption of IoT-based electronics such as tablets, cameras and smartphones, advancement in autonomous technology, and increase in use in aerospace and military applications drive the market growth. Moreover, growth in 5G technologies and increase in space exploration and satellite development programs offer remunerative opportunities for the expansion of the global GNSS simulators market.
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Segment Highlights
By component, the hardware segment accounted for the largest market share, owing to simulating multiple GNSS signals and their interactions requiring a significantly high level of processing power. Hardware components, such as FPGAs (Field-Programmable Gate Arrays) and specialized RF signal processors are majorly used in GNSS simulators to handle the demanding task more efficiently.
On the basis of type, the multichannel segment dominated the market share as multichannel GNSS simulators are essential for accurately replicating the complex conditions that GNSS receivers face in real-world environments. Similarly, multichannel simulators can generate signals from multiple satellites simultaneously, accurately replicating the signals that a GNSS receives in the real world. Likewise, multichannel simulators can generate signals from different constellations, allowing appropriate testing of the receiver.
By GNSS receiver, the GPS segment accounted for the largest market share, owing to GPS signals free of charge for civilian use worldwide, making it an accessible tool for users across the globe without financial barriers. Moreover, the U.S. government is continuously investing in the development of the GPS by improving signal integrity and accuracy and enhancing its anti-jamming capabilities.
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On the basis of application, the mapping and surveying segment dominated the market share, owing to GNSS simulators providing highly accurate location data, often within a few meters, which is essential for detailed mapping and surveying. Additionally, GNSS simulators allow surveyors and mappers to work in remote or difficult-to-access locations without the need for local reference points or infrastructure.
By end-use industry, the consumer electronics segment dominated the market share owing to increase in demand for navigation services in smartphones and wearable devices. Modern smartphones and wearable devices offer turn-by-turn directions, route planning, and real-time traffic updates, which are extensively used in ride-sharing services, food delivery apps, and location-based games.
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Regional Outlook
Region wise, increase in investment in global navigation satellite systems in the North American region is driving the market in the region. In countries such as the U.S. and Canada, the widespread use of GNSS technology in various industries, such as aerospace, defense, transportation, and telecommunications, is driving the demand for GNSS simulators to test and improve navigation systems, satellite communication networks, and other location-based services. Moreover, the governments in the region are supporting the development through a strong regulatory environment and supportive and significant investment in research and development for the development of technology.
Players:
- Rohde & Schwarz
- Syntony GNSS
- CAST Navigation
- VIAVI Solutions
- u-blox
- Hexagon
- Spirent Communications
- Accord Software and System
- Keysight Technologies
- Orolia
The report provides a detailed analysis of these key players in the global GNSS Simulators market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Recent Development:
- In April 2023, Orolia announced its collaboration with Xona Space Systems. The partnership aims to provide GNSS simulation solutions tailored for low earth orbit constellations and navigation. This collaboration empowered Orolia to create a solution for enhancing Xona's PNT service, which is dedicated to elevating PNT security, precision, and resilience capabilities.
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