Global Dual-band GNSS Market Insights, Size and Growth Forecast To 2027

 

Global Dual-band GNSS Market augmented by growing penetration of smartphones and the rise in demand for autonomous vehicles. The global Dual-band GNSS Market estimated to grow with a momentous rate during the forecast period 2019-2027, owing to an increase in demand for dual-band GNSS in multiple industry verticals for improving the performance in positioning solution. The growing demand for real-time information in various industries, such as connected vehicles along with the increasing adoption systems of navigation systems in connected devices, is attributed to booming the global dual-band GNSS market. The dual-frequency GNSS provides benefits such as improved safety in autonomous vehicles with full navigation, and asset tracking will continue to bolster the dual-band frequency market.

Additionally, the upsurge in demand for dual-band GNSS in consumer electronics devices such as smartphones for in the positioning field and for real-time based navigation will promulgate the global dual-frequency market. Dual-band GNSS in smartphones helps in correct multipath, detect reflected signals, and correct ionospheric errors. In 2018, Xiaomi launched the world's first dual-frequency GNSS smartphone Mi8, which is providing below meter accuracy for location-based services and vehicle navigation. This smartphone utilized GNSS technology and the first commercial use of Broadcom's revolutionary BCM47755 chip.

Moreover, rapid sales in smartphones with the provision of technological advancements such as dual-frequency GNSS, which mitigate the effects of multipath interference, especially in areas with high building density, such as urban canyons, will augment the global dual-band GNSS market. 

Furthermore, the increasing penetration of consumer IoT products and smartphones & connected devices expected to lead in demand for precise GNSS.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”


Global Dual-band GNSS Market: Competitive Landscape
Companies such as Trimble Inc., Garmin Ltd., TOPCON CORPORATION, Broadcom, Navipedia, SOKKIA,  Pulse Electronics, The GEO Group, Inc., Suzhou FOIF Co., NavtechGPS, Navigation Technologies Ltd., Shanghai Huace Navigation Technology Ltd., JAVAD GNSS, NovAtel Inc., and Hemisphere GNSS and others prominent players are the key players in the Global Dual-band GNSS Market.  

GNSS Receiver Overview in the Global Dual-band GNSS Market
Based on GNSS Receiver, the global Dual-band GNSS Market categorized into GPS (global positioning system) and Galileo. The Galileo segment anticipated dominating the Dual-band GNSS owing to growing partnerships with developing countries to bring the benefits of galileo receivers to new applications that would boost the demand for galileo GNSS receiver in the coming years. Galileo Satellite Navigation System in the European Union was the first satellite exemplified dual-frequency GNSS.

Application Overview in the Global Dual-band GNSS Market
Based on the application, the Global Dual-band GNSS Market classified into Navigation, Surveying, Mapping, and Vehicle Assistance Systems.  The Navigation segment projected to generate maximum revenue due to the rapid growth in sales of smartphones, tablets, tracking devices, digital cameras, laptops, fitness equipment, and other devices to be able to use GNSS positioning. With the development of positioning, speed, and time information, GNSS will become an essential driving factor for various applications from the Internet of Things to augmented reality and autonomous vehicles.

Industry Verticals Overview in the Global Dual-band GNSS Market
Based on Industry Verticals, the Global Dual-band GNSS Market segregated into Automotive, Consumer Electronics, and Others (Military & Defense, Marine). The Consumer Electronics segment expected to dominate the market on account of the rise in smartphone penetration along with the attachment of technical features such as high accuracy and better navigation and mapping.

Regional Overview in the Global Dual-band GNSS Market
Based on region, the Global Dual-band GNSS Market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.  Europe anticipated to generate maximum revenue in the global Dual-band GNSS owing to the presence of Galileo GNSS offers Dual-band or Dual-frequency GNSS, along with the huge demand for smartphones and connected devices. 

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