Global Navigation Satellite System (GNSS) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

Global Constellations - GPS, GLONASS, Galileo and BeiDou, Satellite-Based Augmentation Systems (SBAS) - EGNOS (Europe), GAGAN , WAAS and MSAS.

By Application;

Agriculture, Aviation, Location-Based Services, Maritime, Road, Rail and Time & Synchronization.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn631596242 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Navigation Satellite System (GNSS) Market (USD Million), 2021 - 2031

In the year 2024, the Global Navigation Satellite System (GNSS) Market was valued at USD 226,827.05 million. The size of this market is expected to increase to USD 414,648.72 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9%.

Navigation lights serve as essential illuminated devices utilized in watercraft, spacecraft, and aircraft to provide visual signaling and crucial awareness of their position, condition, and direction, particularly during nighttime operations. These lights adhere to international conventions, with red marking the port side and green marking the starboard side, ensuring standardized recognition and safety across vessels. The navigation lighting market is poised for growth, driven by increasing demand in the aerospace and marine sectors for enhancing safety and avoiding collisions during nighttime or adverse weather conditions.

The expansion of the market is further propelled by rising global mobility demands for air and water travel, facilitating trade and transportation. However, challenges such as high production and installation costs could restrain market growth. Navigation lights utilize various technologies including incandescent filaments, LEDs, halogens, flashes, strobes, and high-intensity discharge bulbs. LED navigation lights, in particular, are gaining popularity due to their energy efficiency and durability, expected to see increased adoption in the foreseeable future.

Key industry players are focusing on research and development initiatives to introduce innovative products and strategies, including new product launches, mergers, collaborations, and partnerships. These efforts aim to maintain competitiveness and cater to evolving market demands globally.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Navigation Satellite System (GNSS) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rise of Autonomous Vehicles
        2. Location-Based Services Boom
      2. Restraints
        1. Signal Connectivity Issues
        2. Lack of Awareness
      3. Opportunities
        1. Growth of UAVs
        2. Advancements in GNSS Technology
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Navigation Satellite System (GNSS) Market, By Technology, 2021 - 2031 (USD Million)
      1. Global Constellations
      2. GPS
      3. GLONASS
      4. Galileo
      5. BeiDou
      6. Satellite-Based Augmentation Systems (SBAS)
      7. SEGNOS (Europe)
      8. GAGAN
      9. WAAS
      10. MSAS
    2. Global Navigation Satellite System (GNSS) Market, By Application, 2021 - 2031 (USD Million)
      1. Agriculture
      2. Aviation
      3. Location-Based Services
      4. Maritime
      5. Road
      6. Rail
      7. Time & Synchronization
    3. Global Navigation Satellite System (GNSS) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Qualcomm Technologies International Ltd
      2. Furuno Electric Co Ltd
      3. Hexagon
      4. Raytheon Company
      5. Trimble Navigation Ltd
      6. Rockwell Collins
  7. Analyst Views
  8. Future Outlook of the Market