The MarkNtel Advisors has released its latest report titled "Global Navigation Satellite System Market : Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027." This comprehensive analysis provides valuable insights into the market, including market share data. The report encompasses competitive analysis, geographical research, and recent advancements in the market. Whether you are an investor, researcher, consultant, marketing strategist, or planning to enter the industry in any capacity, this analysis can greatly benefit you.

Global Navigation Satellite System Market Definition:

The Global Navigation Satellite System (GNSS) is a constellation of several satellites that provide signals from space to supply transmit, positioning, and timing-related data to the GNSS receiver, which further helps to determine the location. The demand for applications using location-based services has extensively grown with the increasing use of smartphones, digital cameras, tablets, smart wearables, etc. Moreover, the increasing air travel across the globe has led to an increased focus on air fleet adoption by commercial aviation companies.

Global Navigation Satellite System Market Overview

The Global Navigation Satellite System (GNSS) Market is projected to grow at a CAGR of around 7.23% during the forecast period, 2022-27.

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What are the trends in the industry?

Key Trend in the Market: AI-based Navigation Satellite System is Accelerating the Market Growth

Navigation services have become an essential part of the day-to-day operations of the businesses as well as have increasingly made customers reliant on navigation for the route rerouting in transportation. With the addition of AI in navigation-based services, the companies could easily reduce the errors made in the earlier experience as well as improve the overall customer experience. For military purposes, navigation services are being used for targeting mapping the path of aircraft, projectiles, etc. Moreover, with the mobile targets, the requirement for AI to be integrated into the navigation satellite systems to provide an optimum solution for rerouting in different terrains would be highly efficient for increasing the effectiveness

Competitive Landscape With Leading Key Players:

The report's analysis of the Global Navigation Satellite System market's competitive environment includes thorough profiles of the major industry competitors.

Among these important figures are:

-Qulacomm Inc.

-Texas Instruments

-Trimble Inc.

-Broadcomm Inc.

-Hexagon

-Furuno Electrics

-Intel Inc.

-Cobham Limited

-Rockwell Collins

-Topcon Corporation

-Garmin International Inc.

-L3 Harris

-TomTom International BV

-Raytheon Technologies

-Others

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Important Global Navigation Satellite System Market Segmentation

By Type

-Global Constellation

-Regional Constellations

-Satellite-Based Augmentation

By Application

-Rail

-Aviation

-Maritime

-Surveying

-Time Synch

-Agriculture

-Location-Based Service (LBS)

-Road

-Military

-Others

By Region

-North America

-South America

-Europe

-Middle East Africa

-Asia-Pacific

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Important Report Highlights:

• Historical Data (2017–2020)
• Base Year (2021)
• Market Prospects (2022–2027)
• Business Trends
• Drivers of the Market and Success Factors
• COVID-19's effects
• Value Chain Evaluation
• Comprehensive competitive landscape mapping

As part of the modification, we will give you any specific information you require that is not already covered by the report.

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About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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