The global GNSS simulators market size is expected to reach USD 383.6 million by 2030, according to a new study by Polaris Market Research. The report “GNSS Simulators Market Share, Size, Trends, Industry Analysis Report, By Component; By Type (Single Channel & Multi-Channel); By Receiver; By Application; By Vertical; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The growing demand for GNSS simulators across various end-use industries is due to their cost-effective testing and accurate result of the signal received. Furthermore, increasing R&D investments to develop innovative and lighter GNSS chips is one of the major factors driving demand.
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GNSS simulators generate geolocating RF signals for testing GPS-enabled devices (receivers). With GPS functionality now standard in avionics, wireless network timers, and much other government and commercial applications, GPS simulators have become essential tools for accelerating pre- and post-deployment performance testing.
The growing adoption of GNSS in the automotive and military sectors is due to its advanced navigation system technology to track and provide the precise location of the target or vehicle. Many automotive industry key players are investing in GNSS simulators to advance the self-driving experience and keep up with the emerging market. For instance, Audi and Aptiv invested $285 million into self-driving safety software to offer real-time monitoring.
The COVID-19 pandemic had a negative impact on the demand for the GNSS simulator market. Lack of skilled labor to develop components of GNSS and many end-use projects were standstill hampered the market.
GNSS Simulators Market Report Highlights
Polaris Market Research has segmented the GNSS Simulators Market report based on component, type, receiver, application, vertical, and region:
GNSS Simulators, Component Outlook (Revenue - USD Million, 2018 - 2030)
GNSS Simulators, Type Outlook (Revenue - USD Million, 2018 - 2030)
GNSS Simulators, Receiver Outlook (Revenue - USD Million, 2018 - 2030)
GNSS Simulators, Application Outlook (Revenue - USD Million, 2018 - 2030)
GNSS Simulators, Vertical Outlook (Revenue - USD Million, 2018 - 2030)
GNSS Simulators, Regional Outlook (Revenue - USD Million, 2018 - 2030)