Published Date: 31-Oct-2022
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According to a new report, published by KBV research, The Global GNSS Simulators Market size is expected to reach $310.8 million by 2028, rising at a market growth of 9.2% CAGR during the forecast period.
The Single Channel market is experiencing a CAGR of 11.6% during (2022 - 2028). Typically, a single-channel simulator, also known as a signal generator, is capable of reproducing a signal from a single satellite with extensive control over several parameters. Typically, such a simulator may adjust the Doppler profile of a signal. This function is quite useful for fine-tuning receiver tracking loops
The GPS market is leading the Global GNSS Simulators Market by Receiver in 2021; thereby, achieving a market value of $166.3 million by 2028. GPS is a GNSS owned by the United States that provides PNT services. It is the first GNSS, first launched for the Department of Defense of the United States. The constellation requires a minimum of 24 operating satellites and allows for up to 32; normally, 31 are operational at any given time.
The Navigation & Mapping market acquired the high revenue share in the Global GNSS Simulators Market by Application in 2021; thereby, achieving a market value of $126.9 million by 2028. A GNSS simulator simulates the surroundings of a GNSS receiver on a dynamic platform by simulating vehicle and satellite movements, data indicates atmospheric and other influences, leading the receiver to navigate according to the test scenario's settings.
The Software market would experience a CAGR of 9.3% during (2022 - 2028). The GNSS Software for Open-Loop Simulation enables to execution of Global Navigation Satellite System (GNSS) open-loop radio frequency (RF) simulation in LabVIEW. The GNSS Software for Open-Loop Modeling is a software add-on for LabVIEW that enables the simulation of several GNSS RF types, such as GPS L1 coarse/acquisition (C/A), Galileo E1, and GLONASS G1, for automotive, space, and defense applications.
The Consumer Electronics market is poised to grow at a CAGR of 9.4% during (2022 - 2028). The fast use of GNSS simulators is driven by the proliferation of consumer IoT, which refers to the networked world of consumer gadgets, devices, and appliances such as wearables, drones, and smartphones. The demand for real-time data transfer and miniaturization of electronic equipment is increasing.
The North America market dominated the Global GNSS Simulators Market by Region in 2021; thereby, achieving a market value of $106.3 million by 2028. The Europe market is anticipated to grow at a CAGR of 8.5% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 10.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/gnss-simulators-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Spirent Communications plc, Keysight Technologies, Inc., Viavi Solutions, Inc., Hexagon AB, U-blox Holding AG, Rohde & Schwarz GmbH & Co. KG, Syntony GNSS, RACELOGIC Ltd., Averna Technologies, Inc. and Accord Software & Systems Private Limited.
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