Navigation System Sensor Market

Navigation System Sensor Market Outlook – 2027 

Global navigation system sensor is used to identify the geographic location of user anywhere across the world. It provides positioning, high precision navigation, scientific questions and timing related to the location. The signal received from the satellite is converted into position, velocity and time estimates with the help of global navigation system sensor. 

Thus, they find their applications in mobile satellite communications, surveying and mapping, outdoor sports, maritime, and location-based services in end uses such as consumer electronics, automotive, travel & tourism, military & defense, and industrial. The global market is experiencing a significant growth, and will grow considerably in next few years. 

The global navigation system sensor market is segmented on the basis of type, connectivity, application, end user, and region. Based on type, the navigation system sensor market is divided into Global Positioning System [GPS], Galileo, Global Orbiting Navigation Satellite System [GLONASS], and Beidou. In terms of connectivity, the market is categorized into wired receivers and wireless receivers. 

On the basis of application, the market is divided into mobile satellite communications, surveying, mapping, outdoor sports, maritime, location-based services, and others. In terms of end user, the market is segregated into consumer electronics, automotive, travel & tourism, military & defense, industrial, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global navigation system sensor industry include Garmin Ltd, Trimble Inc., TOPCON CORPORATION, Navipedia, Broadcom, SOKKIA, JAVAD GNSS, Pulse Electronics, NovAtel Inc., Hemisphere GNSS, and Others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market. 

Top Impacting Factors 

The major driving factor for the growth of the global navigation system sensor market are it provide value added service at low cost and minimal environment impact. it is being adopted by spacecraft for precise orbit determination as well. In addition, they find their applications in photography where the digital camera used provides information regarding the location, time, position and others of the photograph taken. Moreover, they are also used in maritime and cab services to live track vessels and vehicles, respectively.

New Product Launches to Flourish the Market 

The launch of new products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. A Global Navigation System Sensor unit was launched by Honeywell recently which had improved capabilities. It provides highly accurate satellite navigation position information to the FMZ-2000 flight management system. It is a 12-channel designed system and it provides benefits for the full range of flights such as climb, departure, enroute, GPS approach, descent and others. This helped product flourish the market.

Surge in Usage in Consumer Electronics

Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on the utilization. Location sharing and obtaining location information is now widely used for various applications such as tracking the delivery of goods, travelling and others and is now becoming an integral part of our lives. These functions are now available across variety of consumer electronic devices such as tablets, smartphones, laptops and others as they measure positional information and add value to the products. These products become less vulnerable to theft because of GNSS and thus leading to the surge in usage of global navigation system sensor in this industry.

Key Benefits of the Report

• This study presents the analytical depiction of the global navigation system sensor market forecast along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global navigation system sensor market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global navigation system sensor market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global navigation system sensor market analysis based on competitive intensity and how the competition will take shape in coming years. 

Market Scope and Structure Analysis

COVID-19 Scenario Analysis 

• Global navigation system sensor market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors. 
• Global factories have struggled to integrate new navigation system sensors as workers have stayed in their homes, which disrupted the global supply chains. 
• The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for navigation system sensors are gradually going to increase.  
• This COVID-19 lockdown would help companies think about more advanced navigation system sensors to enhance efficiency. 

Navigation System Sensor Market Key Segments

Questions Answered in the Global Navigation System Sensor Market Research Report

• Which are the leading market players active in the navigation system sensor market?
• What would be the detailed impact of COVID-19 on the navigation system sensor market size?
• How current navigation system sensor market trends would influence the industry in the next few years?
• What are the driving factors, restraints, and opportunities in the global market?
• What are the projections for the future that would help in taking further strategic steps?

 Navigation System Sensor Market Report Highlights