Japan High Precision GNSS Module Market Size, Share, and COVID-19 Impact Analysis, By Product (Core Satellite Navigation System, Regional Satellite Navigation System, and Satellite-based Augmentation System), By Application (Navigation, Positioning), and Japan High Precision GNSS Module Market Insights Forecasts to 2033

Industry: Semiconductors & Electronics

RELEASE DATE Jan 2024
REPORT ID SI3482
PAGES 200
REPORT FORMAT PathSoft

Japan High Precision GNSS Module Market Insights Forecasts to 2033

  • The Market Size is Growing at a CAGR of 6.9% from 2023 to 2033.
  • The Japan High Precision GNSS Module Market Size is Expected to Hold a Substantial Share by 2033.

Japan High Precision GNSS Module Market

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The Japan High Precision GNSS Module Market Size is expected to Hold a Substantial Share by 2033, at a CAGR of 6.9% during the forecast period 2023 to 2033.

 

Market Overview

The advent of the twenty-first century brought digitalization, a massive technological advancement source, which aided in digital diversification and the evolution of various GNSS-enabled solutions and services. With a high demand for Positioning, Navigation, and Time-sync (PNT) dependable services and increased consumer-induced cost-effectiveness, navigation satellite and receiver providers have prioritized creating a better user experience for the future. To gain traction for improved user experience, the importance of interoperability of various navigation satellite systems, system providers' adoption of open compatible frequency band signals, and widespread use of multi-constellation GNSS receivers. The rapid growth of the electronic industry due to the widespread adoption of smartphones and other digitalized applications is expected to create lucrative opportunities for major PNT applications. According to bankmycell, the shift toward advanced smartphones is driven by the demand for 5G-capable infrastructure. The emergence of 5G technology, smartphone companies, and technological advancement in other 5G applications is centered on improving internet speed by increasing performance and establishing hardware capability by incorporating multi-frequency benefits.

 

Report Coverage

This research report categorizes the market for Japan high precision GNSS Module market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan high precision GNSS module market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan high precision GNSS module market.

 

Japan High Precision GNSS Module Market Report Coverage

Report CoverageDetails
Base Year:2023
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:6.9%
Historical Data for:2021-2022
No. of Pages:200
Tables, Charts & Figures:115
Segments covered:By Product, By Application
Companies Covered:Cobham, Texas Instruments, Broadcom, Laird, Rockwell Collins, Hexagon Qualcomm, CSR, Trimble Navigation, Furuno Electric, and other key companies.
Pitfalls & Challenges:Covid-19 Empact,Challenges,Growth, Analysis.

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Driving Factors

Increasing demand for GNSS in infrastructure and its use in a variety of applications are expected to drive market growth during the forecast period. Receivers are widely used in various industries, including development, mining, agribusiness, avionics, and maritime. These receivers help with search and rescue missions, shipping and transportation, education and planning, and space exploration. These initiatives rely on advances in GNSS infrastructure to improve reliability and inclusivity. Users can expect significantly more precise and consistent estimates with increased dependability; difficult inshore routes on streams and canals will be more secure and trustworthy; and take-off and landing procedures will be simpler and more significant advancements. As a result, the development of end-market infrastructure is speeding up, which is one of the factors driving market growth.

 

Restraining Factors

The space infrastructure required a variety of components to deliver GNSS signals to the end user. To increase the signal's availability, more space infrastructure is required, such as new satellites, advanced network stations, and associated components. However, designing a new space network station is extremely costly. The high initial investments associated with upstream components will stifle market growth. Despite this, emerging technologies such as artificial intelligence, IoT, 5G, and industrial automation are expected to open up lucrative market opportunities during the forecast period.

 

Market Segment

  • In 2023, the satellite-based augmentation system (SBAS) segment accounted for the largest revenue share over the forecast period.

Based on the product, the Japan high precision GNSS module market is segmented into core satellite navigation system, regional satellite navigation system, and satellite-based augmentation system. Among these, the satellite-based augmentation system (SBAS) segment has the largest revenue share over the forecast period. The satellite-based augmentation system (SBAS) provides accurate location data by correcting errors in GPS signals. SBAS systems, which are suitable for aviation, maritime, and land applications, are gaining popularity due to their precision and low cost, which broadens their applicability across a variety of industries. SBAS systems are well-positioned to compete in the high precision GNSS module sector as the demand for pinpoint accuracy grows, which will drive market expansion in the future.

 

  • In 2023, the navigation segment accounted for the largest revenue share over the forecast period.

Based on the application, the Japan high precision GNSS module market is segmented into navigation and positioning. Among these, the navigation segment has the largest revenue share over the forecast period. The increasing demand for precision in various domains, such as lane warning and collision avoidance; aviation navigation, including landing and air traffic control; marine navigation, including docking and search and rescue; and land navigation, including asset tracking, fleet management, and mapping fleet management, is driving segmental growth over the forecast period.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan high precision GNSS module market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Cobham
  • Texas Instruments
  • Broadcom
  • Laird
  • Rockwell Collins
  • Hexagon Qualcomm
  • CSR
  • Trimble Navigation
  • Furuno Electric
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

  • In April 2022, BizStation and U-blox have announced a highly precise, compact, and low-cost high-precision locating solution for the East Asia and Oceania markets. The solution, which consists of two U-blox modules, offers centimeter-level location precision in areas where mobile network coverage is unavailable, such as maritime offshore surveying, industrial vehicle guidance, agriculture, and UAVs.

 

Market Segment

This study forecasts country revenue from 2022 to 2033. Spherical Insights has segmented the Japan high precision GNSS module market based on the below-mentioned segments:

 

Japan High Precision GNSS Module Market, By Product

  • Core Satellite Navigation System
  • Regional Satellite Navigation System
  • Satellite-based Augmentation System

 

Japan High Precision GNSS Module Market, By Application

  • Navigation
  • Positioning

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