The GNSS (Global Navigation Satellite Systems), refers to the transmission of signals with time and position data to the ground GNSS receiver in space through a series of navigation and positioning satellites, the receiver uses these data to calculate location. GNSS systems provide global coverage, including Galileo in Europe, GPS in the United States, GLONASS in Russia, and Beidou satellite navigation systems in China. Dual-band GNSS has the ability of GNSS components to receive two different GNSS signals at different frequencies from the constellation of satellites. The advantages of dual-band GNSS are reduced signal acquisition time, improved position and time accuracy, and problem reduction caused by obstructions such as plants and buildings.
Global Dual-band GNSS Market prophesied to grow with a significant CAGR during the estimated period, 2019-2027. The increasing penetration of consumer IoT products, mobile smartphones, and connected vehicles attributed to booming the global dual-band GNSS Market. Additionally, the growing focus on navigation and positioning & timing tool in electronics devices and autonomous vehicles projected to drive the global dual-band GNSS market in the forthcoming period. Europe’s Galileo GNSS offers Dual-band or Dual-frequency GNSS, which enhances availability and continuity in a multi-constellation environment and improves real-time positioning accuracy.
Additionally, the surge in demand for the smartphone market, along with consumers’ craving for better positioning accuracy, is fueling the growth of the global dual-band GNSS market. Dual-frequency GNSS can mitigate the effects of multipath interference, especially in areas with high building density, such as urban canyons, because dual-frequency has higher accuracy than single-frequency equipment. Moreover, with the development of positioning, speed, and time information is driving the growth of a dual-band GNSS market, various applications from the Internet of Things to augmented reality and autonomous vehicles.
Furthermore, the augmentation in the application of dual-frequency GNSS in marine antenna, vehicle products, and vehicle Video surveillance is estimated to propel the global dual-band GNSS market. For example, Xiaomi Mi 8 and users of terminal products that are using dual-frequency GNSS are getting better positioning and navigation experience in urban environments.
The dual-band or dual-frequency GNSS applications still play a significant role in the mass market. Customers demand that their smartphones, tablets, tracking devices, digital cameras, laptops, and other devices should be able to use dual-frequency GNSS positioning. According to the government of India, the India smartphone market is estimated at 40 million units and is forecasted to grow to 216 million units by 2020.
The frequency and intensity of security breaches and security attacks across the globe have increased over the years. To reduce these criminal activities, developing countries’ governments and large enterprises are increasingly implementing surveillance solutions.
Dual-frequency GNSS is crucial for location-based services. Using Dual-frequency GNSS boosts navigation efficiency and provides up-to-date lane information, which helps ride-hailing services for enhancing and pinpointing client location. With the growing demand for autonomous vehicles, dual-frequency GNSS offers enhanced position precision for its new applications in areas such as vehicle navigation, augmented reality and mapping.
Based on GNSS Receiver, the global Dual-band GNSS Market categorized into GPS (global positioning system) and Galileo. The Galileo segment anticipated dominating the market owing to Galileo Satellite Navigation System in the European Union, which was the first satellite exemplified dual-frequency GNSS. It provides autonomous navigation and positioning services, but at the same time, will be interoperable with the two other global satellite navigation systems such as the GPS and GLONASS.
Based on the application, the Global Dual-band GNSS Market classified into Navigation, Surveying, Mapping, and Vehicle Assistance Systems. The Navigation segment projected to exhibit the highest market share in the estimated period attributed to navigation system provides positioning, speed, and time information for various applications from the Internet of Things to augmented reality and autonomous vehicles.
Based on Industry Vertical, the Global Dual-band GNSS Market segregated into Automotive, Consumer Electronics, and Others (Military & Defense, Marine). The Consumer Electronics segment will dominate the market due to the surge in demand for smartphones, tablets, tracking devices, digital cameras, laptops, fitness equipment, and other devices that can use GNSS positioning. Dual-frequency GNSS will also work in various areas such as artificial intelligence, implementation of custom ecosystems, and hypermobility (such as medical-grade mobile devices connected to digital medical platforms).
Based on geography, the global Dual-band GNSS Market segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Europe witnessed to gain maximum share in the market owing to the rapid adoption of connected devices and the automobiles & consumer electronics expected to adopt the dual-band GNSS at a higher rate.
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.
Global Dual band GNSS Market
Dual-band GNSS (Global Navigation Satellite Systems) is GNSS modules’ ability to receive two different GNSS signals at different frequencies from the bunch of satellites.
The Market size of the Dual-band GNSS global market was valued at USD 164.2 billion in 2020, and it is calculated to reach USD 355.2 billion by 2027, registering a CAGR of 14.6% between 2021 and 2027.
Among North America, Europe, Asia Pacific, and the Middle East & Africa, Europe witnessed maximum market share due to the rapid use of connected devices, automobiles, and consumer electronics expected to adopt the dual-band GNSS at a higher rate.
Growing penetration of smartphones, Increasing Security Threats, Growing Demand for autonomous vehicles are growth factors of the market
Market Trends in the Navy, the army, and agriculture are witnessing a growth in the market share. Hence, the navigation satellite system aims to provide services and, thus, meet the customer’s needs in the long run.
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