The Global Navigation Satellite System (GNSS) Market Size is expected to reach USD 386.78 billion by 2027, exhibiting a CAGR of 12.83% during the forecast period. The progression in smartphone technologies and digitalization can be vital factors augmenting the growth of the global market during the forecast period, states Fortune Business Insights in a report, titled “Global Navigation Satellite System Market Size, Share & Industry Analysis, By Type (Global Constellations, Regional Constellations, Satellite-Based Augmentations), By Application (Rail, Road, Aviation, Maritime, LBS, Time Synch, Agriculture, Surveying and Others), and Regional Forecast, 2020-2027” the market size stood at 161.27 billion in 2019.

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https://www.fortunebusinessinsights.com/global-navigation-satellite-system-gnss-market-103433 

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Key Development:

 October 2019: Texas Instruments, U.S. based company registered a patent for the GNSS signal tracking receiver. A GNSS receiver is developed to track low power GNSS satellite signals, which includes a frequency locked loop (FLL) to measures a current doppler frequency of the satellite signal.

The Report Lists the Key Companies in the Navigation Satellite System Market:

• Qualcomm Inc. (The U.S.)
• Texas Instrument (The U.S.)
• Trimble Inc. (The U.S.)
• Rockwell Collins (The U.S.)
• Broadcom Inc. (The U.S.)
• Hexagon (Sweden)
• Furuno Electric (Japan)
• Laird Plc. (The UK)
• Cobham Plc. (The UK)
• Harris Corporation (The U.S.)
• Topcon Corporation (Japan)
• Other Players

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