The global GNSS simulators market is expected to grow at a significant CAGR during the forecast period 2024-2031. The GNSS simulators stand for global navigation satellite systems simulators that are highly capable to access satellite navigation systems and offer wide coverage across the globe. The GNSS simulator was a complex device accomplished with advanced technological solutions including- Galileo, Beidou, GLONASS, GPS among other satellite navigation systems.
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The increasing emergence of consumer IoT (internet of things) and growing 5G network technologies for better connectivity impact the demand for GNSS simulators. This will contribute as a market driver and create new opportunities for the growth of the global GNSS simulators market during the forecast period.
The growing demand for consumer wearable devices and its ability to utilize location information propels the integration of GNSS Simulators and is expected to flourish the market growth during the forecast period across the globe. The rising mobile and smartphone adoption drives the market of GNSS simulators as the smartphones were designed with a global navigation satellite system to store the location details. This factor will result to elevate the market growth and register ample growth opportunities for the global GNSS simulators market. The increasing prevalence of GNSS in the aviation and airlines sector is positively impacting the global GNSS simulators market and is expected to accelerate the growth during an estimated forecast.
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Market Coverage
- Segment Covered-
o By Type
o By Component
o By GNSS Receivers
o By Application
o By Verticals
- Competitive Landscape- Hexagon, Syntony GNSS, VIAVI Solutions, Keysight Technologies, u-blox, CAST Navigation.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global GNSS Simulators Market by Segment
By Type
- Single Channel
- Multichannel
By Component
- Hardware
- Software
- Services
By GNSS Receivers
- GPS
- GLONASS
- Galileo
- BeiDou
- Others
By Application
- Navigation
- Mapping
- Surveying
- Location-Based Services (LBSs)
- Vehicle Assistance Systems
- Others
By Verticals
- Military and Defense
- Automotive
- Consumer Electronics
- Aerospace
- Marine
- Others
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