World market for Global Navigation Satellite System (GNSS) is projected to reach US$237.9 billion by 2025, driven by the growing focus on Positioning, Navigation, & Timing (PNT) tools in commercial, industrial, government and military applications.  The technology’s potential to offer benefits such as improved safety in transportation with full navigational visibility and end-to-end asset tracking, faster response in emergency situations, and superior efficiency in environmental quality monitoring, will continue to bolster growth in the market. Continuous technology advancements are leading to the launch of superior and highly effective GNSS devices, while technology maturity is resulting in the availability of lower priced GNSS/GPS receiver sets. Other major drivers include roll out of GPS III block satellites and increased commercial use of GPS and GNSS systems; full-fledged deployment of novel GNSS platforms including China’s Beidou/BDS; and growing convergence with smartphones as a path-breaking development for GNSS. Of special note is the emergence of the automotive industry as a lucrative revenue opportunity. GNSS has evolved to a play a vital role in automobiles largely due to the fact that the technology is complementary as well as interoperable with other automotive technologies. Some of the factors driving growth in this space include diffusion of GNSS dependent telematics in smart vehicles with connected services; rise of commercial telematics for fleet management and asset tracking; rapid migration from manual tolling systems to electronic toll collection systems; expanded role of geospatial data and analytics in intelligent transportation; robust role played by GNSS in positioning & location data for autonomous driving; growing prominence of car insurance based on satellite technology; and demand for GNSS advanced driver assistance systems such as collision avoidance systems & automated highway/lane control. Read More…

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