GNSS Simulators Market to Grow at 9.4% CAGR to 2024

GNSS Simulators Market to Grow at 9.4% CAGR to 2024

A Research report titled “GNSS Simulators Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 133 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.

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The Global GNSS Simulators Market size is expected to grow from USD 100 Million in 2019 to USD 157 Million by 2024, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period. This report spread across 133 Pages, Profiling 16 Companies and Supported with 46 Tables and 37 Figures is now available in this research.

Top Key Players profiled in the GNSS Simulators Market:

Spirent Communications (US)

Rohde & Schwarz (Germany)

Syntony GNSS (France)

Orolia (France)

CAST Navigation (US)

Accord Software & Systems (India)

IFEN (Germany)

RACELOGIC (England)

TeleOrbit (Germany)

Jackson Labs Technologies (US)

iP-Solutions (Japan)

Hyper Tech (US)

WORK Microwave (Germany)

Qascom (Italy)

M3Systems (France)

Galileo Satellite Navigation (Israel)

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The GNSS Simulators Market, based on application, has been segmented into navigation, mapping, surveying, location-based services, vehicle assistance systems, and others (timing and synchronization, gaming, weather forecasting, and telematics). The growth of the vehicle assistance systems segment is attributed to the benefits such as adaptive cruise control, adaptive light control, automatic parking, collision avoidance systems, driver drowsiness detection, intelligent speed adaptation, and night vision provided by these systems.

The GNSS Simulators Market in APAC is expected to grow at the highest CAGR during the forecast period. The large base of manufacturing companies and increasing demand for connected devices in major APAC countries, such as China, South Korea, India, Australia, and Japan, and increasing government regulations are expected to drive the growth of the market in APAC.

Breakdown of primary participants’ profile:

  • By Company: Tier II -55% and Tier III -45%
  • By Designation: C-Level -60%, Director Level -20%, and Others -20%
  • By Region: North America -30%, APAC -20%,Europe -40%, MEA -5%, and Latin America -5%

Report Highlights:

  • To study the complete value chain of the market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the GNSS simulators ecosystem
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape of the market
  • To analyze strategic approaches, such as product launches, acquisitions, contracts, agreements, and partnerships, in the GNSS simulators market

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