The Navigation Satellite System Market size to grow by USD 119.57 billion from 2022 to 2027|Rising investments in satellite navigation programs to boost the market growth -Technavio

NEW YORK, July 22, 2023 /PRNewswire/ — The navigation satellite system market size is estimated to grow by USD 119.57 billion from 2022 to 2027, according to Technavio. The market growth momentum will progress at a CAGR of 9.44% during the forecast period. North America is estimated to account for 43% of the global market growth during the forecast period. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report

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Navigation Satellite System Market – Segmentation Assessment

Segment Overview

Technavio has segmented the market based on application (navigation, LBS, surveying, mapping, and others), type (global constellations systems and satellite-based augmentation systems), and geography (North America, APAC, Europe, Middle East and Africa, and South America).

• The market share growth by the navigation segment will be significant for overall market growth during the forecast period. Navigation has various applications in different industries for improving the efficiency of operations. The main application of navigation in the global road sector is the global navigation satellite system’s position with an increasing focus on intelligent transportation systems (ITS), smart mobility, and autonomous vehicles. Similarly, some of the key applications of navigation systems in marine operations include fleet management, cargo tracking, port operations, and ship security. Hence, such applications are expected to fuel the growth of this segment which in turn will drive the navigation satellite system market growth during the forecast period.

Geography Overview

By geography, the global navigation satellite system market is segmented into North America, APAC, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global navigation satellite system market.

• North America is estimated to account for 43% of the growth of the global market during the forecast period. Some of the key countries which are significantly contributing to the navigation satellite system market in terms of revenue are the US, Canada, and Mexico due to their advanced infrastructure and investments in different space exploration programs. Additionally, there is an increasing demand for global navigation satellite systems from the commercial sector which is positively impacting the market growth in the region. Hence, such factors are expected to drive the global navigation satellite system market growth in the region during the forecast period.

Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) – Download a Sample Report

Navigation Satellite System Market – Market Dynamics

Key factor driving market growth

The increasing investments in satellite navigation programs drive the global navigation satellite system market growth during the forecast period. The main applications of satellites include specific mission profiling, including surveillance, reconnaissance, and navigation. One of the key benefits is that it offers continuous coverage of a particular area and can be utilized for the early detection of the launch of intercontinental ballistic missiles. Many countries are now highly investing in developing military satellite networks of their own by partnering with tech companies. Satellites have wide military applications and have the ability to perform both strategic as well as tactical operations. Hence, such applications are expected to drive the global navigation satellite system market growth during the forecast period.

Leading trends influencing the market 

The rising preference for green propulsion technologies is a primary trend shaping the global navigation satellite system market. Chemical propellants are widely used in space exploration programs which can significantly impact the environment. As a result, there is increasing adoption of green initiatives across space agencies and satellite operators to minimize the dependence on chemical-powered propulsion systems. For instance, NASA is investing in the development of an eco-friendly alternative fuel for the next generation of launch vehicles and spacecraft through the Green Propellant Infusion Mission (GPIM). Furthermore, the increasing preference for green propulsion is expected to drive more investments in electric propulsion technologies. Hence, such factors are expected to drive the global navigation satellite system market during the forecast period.

Major challenges hindering the market growth

The increasing volume of satellite orbital debris in space is a major challenge that hinders the global navigation satellite system market growth during the forecast period. Non-functional spacecraft, abandoned launch vehicles, mission-related debris, and fragmentation debris are some of the common examples of artificial space debris. The main reason for the creation of this debris is the explosions and collisions between satellites which get collected in Earth’s orbit. The significant increase in satellite launches has led to an increase in space debris. Therefore the high speed of space debris is a major risk to the space shuttles, space stations, and satellites present in the Earth’s orbit. Thus, the improper monitoring of space debris can lead to collisions which can negatively impact the market. Hence, such factors are expected to hinder the global navigation satellite system market growth during the forecast period.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Navigation Satellite System Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the navigation satellite system market between 2023 and 2027
• Precise estimation of the navigation satellite system market size and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the navigation satellite system market across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of navigation satellite system market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global navigation satellite system market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global navigation satellite system market 2017 – 2021 ($ billion)

• 4.2 Application Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application – Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Navigation – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Navigation – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Navigation – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Navigation – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Navigation – Year-over-year growth 2022-2027 (%)

• 6.4 LBS – Market size and forecast 2022-2027 
• Exhibit 38: Chart on LBS – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on LBS – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on LBS – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on LBS – Year-over-year growth 2022-2027 (%)

• 6.5 Surveying – Market size and forecast 2022-2027 
• Exhibit 42: Chart on Surveying – Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Surveying – Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Surveying – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Surveying – Year-over-year growth 2022-2027 (%)

• 6.6 Mapping – Market size and forecast 2022-2027 
• Exhibit 46: Chart on Mapping – Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Mapping – Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Mapping – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Mapping – Year-over-year growth 2022-2027 (%)

• 6.7 Others – Market size and forecast 2022-2027 
• Exhibit 50: Chart on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Application 
• Exhibit 54: Market opportunity by Application ($ billion)
• Exhibit 55: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 56: Chart on Type – Market share 2022-2027 (%)
• Exhibit 57: Data Table on Type – Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 58: Chart on Comparison by Type
• Exhibit 59: Data Table on Comparison by Type

• 7.3 Global constellations systems – Market size and forecast 2022-2027 
• Exhibit 60: Chart on Global constellations systems – Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Global constellations systems – Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Global constellations systems – Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Global constellations systems – Year-over-year growth 2022-2027 (%)

• 7.4 Satellite-based augmentation systems – Market size and forecast 2022-2027 
• Exhibit 64: Chart on Satellite-based augmentation systems – Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on Satellite-based augmentation systems – Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on Satellite-based augmentation systems – Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Satellite-based augmentation systems – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 68: Market opportunity by Type ($ billion)
• Exhibit 69: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 APAC – Market size and forecast 2022-2027 
• Exhibit 79: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027 
• Exhibit 83: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027 
• Exhibit 91: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 95: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027 
• Exhibit 99: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 India – Market size and forecast 2022-2027 
• Exhibit 103: Chart on India – Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on India – Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on India – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on India – Year-over-year growth 2022-2027 (%)

• 9.11 UK – Market size and forecast 2022-2027 
• Exhibit 107: Chart on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.12 Germany – Market size and forecast 2022-2027 
• Exhibit 111: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 112: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 113: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ billion)
• Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 Alps Alpine Co. Ltd.
• Exhibit 123: Alps Alpine Co. Ltd. – Overview
• Exhibit 124: Alps Alpine Co. Ltd. – Business segments
• Exhibit 125: Alps Alpine Co. Ltd. – Key news
• Exhibit 126: Alps Alpine Co. Ltd. – Key offerings
• Exhibit 127: Alps Alpine Co. Ltd. – Segment focus

• 12.4 Advent International Corp. 
• Exhibit 128: Advent International Corp. – Overview
• Exhibit 129: Advent International Corp. – Product / Service
• Exhibit 130: Advent International Corp. – Key offerings

• 12.5 Beijing UniStrong Science and Technology Co. Ltd. 
• Exhibit 131: Beijing UniStrong Science and Technology Co. Ltd. – Overview
• Exhibit 132: Beijing UniStrong Science and Technology Co. Ltd. – Product / Service
• Exhibit 133: Beijing UniStrong Science and Technology Co. Ltd. – Key offerings

• 12.6 Broadcom Inc.
• Exhibit 134: Broadcom Inc. – Overview
• Exhibit 135: Broadcom Inc. – Business segments
• Exhibit 136: Broadcom Inc. – Key news
• Exhibit 137: Broadcom Inc. – Key offerings
• Exhibit 138: Broadcom Inc. – Segment focus

• 12.7 Collins Aerospace
• Exhibit 139: Collins Aerospace – Overview
• Exhibit 140: Collins Aerospace – Product / Service
• Exhibit 141: Collins Aerospace – Key offerings

• 12.8 Furuno Electric Co. Ltd. 
• Exhibit 142: Furuno Electric Co. Ltd. – Overview
• Exhibit 143: Furuno Electric Co. Ltd. – Business segments
• Exhibit 144: Furuno Electric Co. Ltd. – Key offerings
• Exhibit 145: Furuno Electric Co. Ltd. – Segment focus

• 12.9 Hexagon AB
• Exhibit 146: Hexagon AB – Overview
• Exhibit 147: Hexagon AB – Business segments
• Exhibit 148: Hexagon AB – Key news
• Exhibit 149: Hexagon AB – Key offerings
• Exhibit 150: Hexagon AB – Segment focus

• 12.10 Intel Corp.
• Exhibit 151: Intel Corp. – Overview
• Exhibit 152: Intel Corp. – Business segments
• Exhibit 153: Intel Corp. – Key news
• Exhibit 154: Intel Corp. – Key offerings
• Exhibit 155: Intel Corp. – Segment focus

• 12.11 MediaTek Inc.
• Exhibit 156: MediaTek Inc. – Overview
• Exhibit 157: MediaTek Inc. – Product / Service
• Exhibit 158: MediaTek Inc. – Key news
• Exhibit 159: MediaTek Inc. – Key offerings

• 12.12 Microsemi Corp.
• Exhibit 160: Microsemi Corp. – Overview
• Exhibit 161: Microsemi Corp. – Product / Service
• Exhibit 162: Microsemi Corp. – Key offerings

• 12.13 Qualcomm Inc.
• Exhibit 163: Qualcomm Inc. – Overview
• Exhibit 164: Qualcomm Inc. – Business segments
• Exhibit 165: Qualcomm Inc. – Key news
• Exhibit 166: Qualcomm Inc. – Key offerings
• Exhibit 167: Qualcomm Inc. – Segment focus

• 12.14 SkyTraq Technology Inc. 
• Exhibit 168: SkyTraq Technology Inc. – Overview
• Exhibit 169: SkyTraq Technology Inc. – Product / Service
• Exhibit 170: SkyTraq Technology Inc. – Key offerings

• 12.15 STMicroelectronics NV 
• Exhibit 171: STMicroelectronics NV – Overview
• Exhibit 172: STMicroelectronics NV – Business segments
• Exhibit 173: STMicroelectronics NV – Key news
• Exhibit 174: STMicroelectronics NV – Key offerings
• Exhibit 175: STMicroelectronics NV – Segment focus

• 12.16 Trimble Inc.
• Exhibit 176: Trimble Inc. – Overview
• Exhibit 177: Trimble Inc. – Business segments
• Exhibit 178: Trimble Inc. – Key offerings
• Exhibit 179: Trimble Inc. – Segment focus

• 12.17 u blox AG
• Exhibit 180: u blox AG – Overview
• Exhibit 181: u blox AG – Business segments
• Exhibit 182: u blox AG – Key offerings
• Exhibit 183: u blox AG – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 184: Inclusions checklist
• Exhibit 185: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 186: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 187: Research methodology
• Exhibit 188: Validation techniques employed for market sizing
• Exhibit 189: Information sources

• 13.5 List of abbreviations 
• Exhibit 190: List of abbreviations

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