Home Press Releases GNSS Simulators Market Size Worth $383.6 Million By 2030 | CAGR: 9.6%

GNSS Simulators Market Size Worth $383.6 Million By 2030 | CAGR: 9.6%

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

  • The growing demand for a single channel in GNSS manufacturing tests is due to its convenient and affordable solution to adjust the receiver track loop. Moreover, these simulators adjust the doppler profile of a particular signal which helps track the exact location, eventually thrusting the segment growth.
  • The GPS segment accounted for the highest CAGR and is expected to dominate the market owing to its ability to track satellites, navigation, and accuracy in determining precise orbit.
  • Vehicle assistance is expected to spearhead revenue growth due to the increasing adoption and implementation of GNSS for the production and testing of navigation fixes. Moreover, it enables advanced automatic driving without human intervention, bolsters the market growth.
  • Asia Pacific is expected to grow over the forecast period because of the utilization of BeiDou navigation and government focus on geospatial programs and space development plans across India, China, and South Korea.
  • Major players operating in the industry include Accord Software & Systems Private Limited, Averna, CAST Navigation, Digilogic, Eikay, GMV NSL, Hexagon, Hyper Tech, IFEN GmbH, Ip-Solutions, Jackson Labs Technologies, Keysight Technologies, M3 Systems, Maxeye Technologies, NOFFZ Technologies, Orolia, Qascom, and RACELOGIC.

 

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)

  • Hardware
  • Software
  • Services
  • Managed Services
  • Professional Services

GNSS Simulators, Type Outlook (Revenue – USD Million, 2018 – 2030)

  • Single Channel
  • Multi-Channel

GNSS Simulators, Receiver Outlook (Revenue – USD Million, 2018 – 2030)

  • GPS
  • Galileo
  • GLONASS
  • BeiDou
  • Others

GNSS Simulators, Application Outlook (Revenue – USD Million, 2018 – 2030)

  • Navigation
  • Mapping
  • Surveying
  • Location-Based Services
  • Vehicle Assistance System
  • Others

GNSS Simulators, Vertical Outlook (Revenue – USD Million, 2018 – 2030)

  • Military And Defense
  • Automotive
  • Consumer Electronics
  • Marine
  • Aerospace
  • Other

GNSS Simulators, Regional Outlook (Revenue – USD Million, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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