 |
| 7 billion devices with GPS/GNSS capabilities are predicted to be available by 2022, with smartphone functionality making up a significant portion of the overall $344 billion GNSS market. |
Today, the installed base of GNSS devices is over two billion, and most of those are in Europe and North America. In the future, however, most of this growth will be driven in regions outside Europe and North America, the report said.
GNSS is a system of satellites that provide geospatial positioning with global
coverage through receivers using available GPS, GLONASS, Galileo, Beidou, and
other middle Earth Orbit (MEO) satellites, typically hovering about 10-20 miles
above the planet.
Multi-constellation GNSS receivers grab market share
Today, multi-constellation receivers, which use all navigation signals in view, are becoming more widely available on the market with more than 70 percent of GNSS models SBAS (Satellite Based Augmentation System) capable. These devices offer increased availability of signals, especially in urban environments, and more robust performance in professional applications such as surveying. GLONASS is the second constellation of choice for users after GPS, the report said.
Global GNSS-enabled markets are forecast to grow to $344 billion per year by 2022, according to the report, which also said core revenues - attributable to direct GNSS functionality and service - are expected to reach $138 billion over the period.
Countries will increasingly implement regulatory measures to promote the use of GNSS, for example in emergency location sharing or search and rescue operations, which will further drive growth in Europe and North America over the next five to 10 years, according to the report.
The report analyzes key market segments: location-based services, road, aviation, maritime, agriculture, surveying, and rail.
Multi-constellation GNSS receivers grab market share
Today, multi-constellation receivers, which use all navigation signals in view, are becoming more widely available on the market with more than 70 percent of GNSS models SBAS (Satellite Based Augmentation System) capable. These devices offer increased availability of signals, especially in urban environments, and more robust performance in professional applications such as surveying. GLONASS is the second constellation of choice for users after GPS, the report said.
Global GNSS-enabled markets are forecast to grow to $344 billion per year by 2022, according to the report, which also said core revenues - attributable to direct GNSS functionality and service - are expected to reach $138 billion over the period.
Countries will increasingly implement regulatory measures to promote the use of GNSS, for example in emergency location sharing or search and rescue operations, which will further drive growth in Europe and North America over the next five to 10 years, according to the report.
The report analyzes key market segments: location-based services, road, aviation, maritime, agriculture, surveying, and rail.
 |
| It's estimated that smartphone location based services will make up 47% of the overall revenue for the market, (down from the current 90% share of the market) with vehicle based services making up 46.2% of the market. |
Smartphones dominate
The market for Location-based services (LBS) includes smartphones, tablets, digital cameras, laptops, fitness and people tracking devices, and mobile data revenues.
For example, LBS devices increasingly support navigation and other services in the Road market segment, which is cannibalizing the share of personal navigation devices (PND) in the market, the report said.
The market for Location-based services (LBS) includes smartphones, tablets, digital cameras, laptops, fitness and people tracking devices, and mobile data revenues.
For example, LBS devices increasingly support navigation and other services in the Road market segment, which is cannibalizing the share of personal navigation devices (PND) in the market, the report said.
Smartphones comprise 90 percent of LBS devices sold, and new smartphone
capabilities “will dominate global GNSS revenues and with other integrated
technologies they are entering into other market segments, not only LBS,”
according to the report.
However, with the growing penetration of tablets and increased GNSS usage in digital cameras, the smartphone share is expected to decrease over the next decade, the report said.
However, with the growing penetration of tablets and increased GNSS usage in digital cameras, the smartphone share is expected to decrease over the next decade, the report said.
No comments:
Post a Comment