According to Fortune Business Insights, the global navigation satellite system (GNSS) market size is expected to reach USD 703.21 billion by 2032, exhibiting a CAGR of 11.17% during the forecast period. The progression in smartphone technologies and digitalization can be vital factors augmenting the growth of the global market during the forecast period, states Fortune Business Insights in a report, titled “Global Navigation Satellite System Market Size, Share & Industry Analysis, By Type (Global Constellations, Regional Constellations, Satellite-Based Augmentations), By Application (Rail, Road, Aviation, Maritime, LBS, Time Synch, Agriculture, Surveying and Others), and Regional Forecast, 2025-2032” the market size stood at 301.37 billion in 2024.

The report on thenavigation satellite system (GNSS) marketcovers:

• Extensivestudy of all the sections in the market
• Illuminatingfacts and figures
• Growth exhibitors and inhibitors
• Information about key players

The Report Lists the Key Companies in the Navigation Satellite System Market:

• Qualcomm Inc. (The U.S.)
• Texas Instrument (The U.S.)
• Trimble Inc. (The U.S.)
• Rockwell Collins (The U.S.)
• Broadcom Inc. (The U.S.)
• Hexagon (Sweden)
• Furuno Electric (Japan)
• Laird Plc. (The UK)
• Cobham Plc. (The UK)
• Harris Corporation (The U.S.)
• Topcon Corporation (Japan)