GNSS Simulators Market Size Projected to Garner USD 430.3 Million by 2030 growing at 10.9% CAGR - Exclusive Report by Acumen Research and Consulting

According to Acumen Research & Consulting, the global GNSS Simulators Market size was worth USD 171.2 Million in 2021 and is projected to be worth around USD 430.3 Million by 2030, growing at a CAGR of 10.9% in the coming years GNSS Simulators Market Overview Global demand for Global Navigation Satellite System (GNSS) simulators is growing due to the increased deployment of GNSS-based applications and technological advancements. As the demand for GNSS-based applications in industries such as aerospace and defense, automotive, and telecommunications grows, so does the demand for high-precision GNSS simulators. In addition, the growing demand for multi-constellation simulators drives the market value of GNSS simulators. For example, GNSS simulators that can simulate signals from multiple GNSS constellations, such as GPS, Galileo, GLONASS, and BeiDou, are in high demand. GNSS Simulators Market Statistics Global GNSS simulators market value collected USD 171.2 million in 2021, with a 10.9% CAGR between 2022 and 2030 The North American GNSS simulators market occupied over 36% share in 2021 Asia-Pacific GNSS simulators market growth is projected to record above 11% CAGR from 2022 to 2030 Based on components, the hardware sub-segment gathered over US$ 116.4 million in 2021 Among receivers, the navigation sub-segment covered over 33% in 2021 The increased penetration of IoT is a key trend in the GNSS simulators market that fuels the industry demand Request for a sample of this premium research report@ https://www.acumenresearchandconsulting.com/request-sample/3128 GNSS Simulators Market Dynamics Rapid adoption in Navigation Application Drives the GNSS Simulators Market Value GNSS simulators can be used to test and validate the performance of GNSS-based navigation systems, assuring that they work properly and meet the performance specifications. Because they eliminate the need for field testing and can simulate a broad range of GNSS signals, GNSS simulators are a cost-effective way of testing GNSS-based navigation systems. Real-world GNSS signals can be simulated using GNSS simulators, providing a real-world scenario for testing GNSS-based navigation systems. Signals from multiple GNSS constellations, such as GPS, GLONASS, Galileo, and BeiDou, can be simulated by GNSS simulators, allowing for comprehensive testing of GNSS-based navigation systems. Furthermore, given that they may imitate a variety of GNSS signals, including those that are challenging or impossible to duplicate in the real world, GNSS simulators provide a great degree of testing flexibility. The Unending Need for GNSS Simulators in Military and Defense Fuels the Market Growth The growing use of GNSS-based technology in military applications is driving up demand for Global Navigation Satellite System (GNSS) simulators in the military and defense sectors. As GNSS-based technology becomes more widely used in military applications such as navigation, communication, and targeting the demand for GNSS simulators to evaluate and verify the performance of these applications grows. The military and defense sectors are seeing an increase in demand for high-precision GNSS simulators, as precision is critical for mission-critical applications. The military and defense sectors require GNSS simulators that can accurately simulate real-world GNSS signals, as it is critical to test the performance of GNSS-based applications in a realistic environment. Furthermore, as the military and defense sectors require comprehensive testing of GNSS-based applications, there is a growing demand for GNSS simulators that can simulate signals from multiple GNSS constellations, such as GPS, Galileo, GLONASS, and BeiDou. GNSS Simulators Market Segmentation The global GNSS simulators market is categorized into component, type, receiver, application, vertical, and geography. Based on the component, the market is split into hardware, software, and services (managed and professional) By type, the classification comprises single-channel and multi-channel The receivers segment is sub-segmented into BeiDou, Galileo, GPS, GLONASS, and others The application segment covers location-based services, mapping, navigation, surveying, vehicle assistance system, and others Industry vertical segment is categorized into aerospace, consumer electronics, automotive, marine, military and defense, and others The regional market is classified into North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa GNSS Simulators Market Regional Outlook The North American market for global navigation satellite system simulators is expanding, owing to the increasing use of GNSS technology in a variety of applications such as automotive, aviation, and military. The growing use of GNSS technology in advanced driver assistance systems (ADAS) and autonomous vehicles is driving up demand for GNSS simulators in the automotive sector. This factor is beneficial to the North American GNSS simulators industry. The Asia-Pacific GNSS simulators market CAGR, on the other hand, is expected to rise in the coming years as the number of IoT and portable consumer electronics grows. The region is also experiencing significant demand as a result of rising digitalization in countries such as China, Japan, and India. Furthermore, the Latin American and Middle East and Africa market for GNSS simulators is expected to grow gradually due to rising demand for GNSS-based applications and favorable government policies. GNSS Simulators Market Players Some prominent GNSS Simulators companies covered in the industry are Accord Software and System, CAST Navigation, Hexagon, Keysight Technologies, Orolia, Rohde & Schwarz, Spirent Communications, Syntony GNSS, u-blox, and VIAVI Solutions. Click here to buy the Premium Market Research report https://www.acumenresearchandconsulting.com/buy-now/0/3128 Receive our personalized services and customization by clicking here https://www.acumenresearchandconsulting.com/request-customization/3128 Mr. Frank Wilson Acumen Research and Consulting USA: +13474743864 India: +918983225533 E-mail: sales@acumenresearchandconsulting.com