Northbrook, IL 60062 -- (SBWIRE) -- 03/29/2023 -- According to a research report "GNSS Simulators Market by Component (Software, Hardware, and Services), GNSS Receiver (GPS, Galileo, GLONASS, and BeiDou), Application (Vehicle Assistance Systems, Location-based Services, and Mapping), Vertical, Type and Region - Global Forecast to 2027" published by MarketsandMarkets, the global GNSS simulators market size is expected to grow from an estimated value of USD 184 million in 2022 to USD 287 million by 2027, at a Compound Annual Growth Rate (CAGR) of 9.3% from 2022 to 2027. The market growth is driven by contribution of 5G in enabling ubiquitous connectivity.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72361781

By receivers, GPS to hold the largest market share during the forecast period

GPS is a US-owned GNSS that provides PNT services. It is the first GNSS, initially launched for the US Department of Defense. As of June 2022, 78 GPS navigation satellites have been built. Out of which 31 are launched and operational, three are unhealthy or in reserve, 41 are retired, two were lost during launch, and one prototype was never launched. A minimum of 24 operational satellites are required for the constellation and allows for up to 32; typically, 31 are operational at any one time. The GPS receiver requires four satellites to work out its position in three dimensions. It plays a vital role in all the navigation systems used for vehicle tracking, managing daily activities, and collecting real-time data. GNSS chips receive signals from GPS in real time on various devices, such as wearables, smartphones, tablets, personal navigation devices, and in-vehicle systems. The satellites in the GPS constellation are arranged in six different orbital planes, with the exact number of satellites varying as the older satellites are retired and replaced. It is currently the worlds most utilized satellite navigation system, which helps users track assets accurately and work efficiently. The prominent vendors that provide GPS simulators include Spirent Communications (UK), Rohde & Schwarz (Germany), Syntony GNSS (France), and CAST Navigation (US).

By Region, Asia Pacific is estimated to have the largest market size during the forecast period.

The GNSS simulators market in Asia Pacific is expected to record the highest CAGR during the forecast period. The growth of IoT and portable consumer electronic devices and the digitalization of business procedures in countries, such as Japan, China, and India, would present a good opportunity for the GNSS simulations market in the region. GNSS simulator solutions are being adopted in the military and defense, automotive, consumer electronics, marine, aerospace, and transport sectors of the region. Various initiatives have been adopted by governments in the growth of digital solutions in countries. As per a report published by GNSS.asia in quarter 1 of 2020, the BeiDou+ Urban Ecological Environmental Protection Demonstration Project will build a satellite application service platform for the Beijing-Tianjin-Hebei region to conduct PM2.5 monitoring and collect meteorological information. This project will be used for digital maps and VR panoramas, contributing to the adoption of GNSS applications.

Get Sample of Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=72361781

Key Players

Major vendors in the global GNSS simulators market include Spirent Communications (UK), Rohde & Schwarz (Germany), Hexagon (Sweden), Syntony GNSS (France), VIAVI Solutions (US), Keysight Technologies (US), u-blox (Switzerland), Averna (Canada), Accord Software & Systems (India), RACELOGIC (UK), GMV NSL (UK), CAST Navigation (US), IFEN (Germany), TeleOrbit (Germany), iP-Solutions (Japan), Jackson Labs Technologies (US), WORK Microwave (Germany), M3 Systems (France), Qascom (Italy), Saluki Technologies (Taiwan), MaxEye Technologies (India), Tersus GNSS (Australia), Digilogic (India), NOFFZ Technologies (Germany), Elkay (India).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com