Global GPS And GNSS Receivers In Aviation Market Size By Product (Wired receivers, Wireless receivers), By Application (Military aviation, Civil aviation), By Geographic Scope And Forecast

GPS And GNSS Receivers In Aviation Market Size And Forecast

GPS And GNSS Receivers In Aviation Market size was valued at USD 224.5 Billion in 2024 and is projected to reach USD 542.56 Billion by 2031, growing at a CAGR of 9.25% from 2024 to 2031.

The aviation sector is growing rapidly due to increased overseas trade and travel, as well as the economic growth of emerging nations. Air traffic is growing due to the various benefits of air journeys. In the US, the number of flights increased by 5.0% in 2023. The US Military is also strengthening its powers with the addition of new air crafts and other types of fighting machines. However, the high cost of investment, lack of network infrastructure, inaccurate clocks, and satellite orbit shifts prevent market growth.

Global GPS And GNSS Receivers In Aviation Market Definition

GNSS is a satellite-based network responsible for satellite positioning. GNSS stands for the Global Navigation Satellite System. GPS allows for shorter flying periods and lower fuel usage. GPS-guided landings remove many of the existing time- and fuel-consuming maneuvers. The GPS receiver measures the time it takes a signal from three sending satellites to arrive. The distance to each satellite may be computed since radio waves move at 186,000 miles per second. The intersection of these ranges yields the aircraft’s two-dimensional location.

Global Positioning System (GPS) is an application of GNSS used to track the positioning of a continuously moving entity and it was first developed for military personnel. GNSS and GPS receivers are now widely used in both military and civil. Its role in the Aviation Market is to continuously track and study the positioning of aircraft with low power consumption and more efficient and precise information. GNSS and GPS receivers are primarily used in air navigation, sea vessels, and industrial machinery. Thus, these factors contribute to the growth of GPS And GNSS Receivers In Aviation Market.

Global GPS And GNSS Receivers In Aviation Market Overview

The aviation sector is one of the fastest expanding, ushering in a new age of development and demand for GNSS and GPS technologies. The benefit of having access to numerous satellites is constant accuracy, redundancy, and availability. Increased overseas trade and travel, as well as the economic growth of emerging nations, are pushing the airline business to grow. Air traffic is growing year on year due to the various benefits of air journeys as compared to other modes of transport. According to the Environment and Energy Study Institute, a total of 4.56 billion passengers flew by plane in 2019.

In 2023, people took to the skies in record numbers. The number of passengers boarding flights soared by 18.1%, going from 652 million in 2022 to a whopping 770 million last year. This surge started after the pandemic lockdowns eased, with July 2020 showing a 2% jump. In the United States, the number of flights took off by 5.0% in 2023. There were 7,628 flight departures in 2022, and that number grew to 8,006 in 2023. With so many more planes in the air, the demand for GPS and GNSS receivers in civilian aircraft is expected to skyrocket. Meanwhile, the US military is also ramping up its air power by adding new aircraft and other combat equipment.

The US Air Force has been expanding its fleet, introducing two new aircraft in 2016 and one each in 2017 and 2019. Other branches of the US military have also joined in, with the Army adding a jet in 2020 and the Navy adding one in 2018. European countries are also investing heavily in aircraft development. Germany, France, and Spain are working on their own military aircraft to boost their military capabilities. Germany and France have teamed up on a massive defense project. They've agreed to build a new combat jet, worth billions of euros, to strengthen their military cooperation and increase their independence in defense matters.

Alongside France and Germany, Spain is also joining forces on this project. The UK, determined to not fall behind, has launched the futuristic Tempest 6th Generation Fighter initiative to boost its air defense capabilities, as reported by Forbes in October 2020. However, developing cutting-edge aircraft comes with a hefty price tag, posing a challenge for countries around the world. Moreover, the lack of infrastructure in certain regions and the need for pinpoint accuracy are expected to limit market growth in the coming years. Technical hurdles also loom, such as the difficulty of synchronizing clocks and the unpredictable nature of satellite orbits, which could hinder the widespread adoption of GPS in aviation.

Global GPS And GNSS Receivers In Aviation Market Segmentation Analysis

The Global GPS And GNSS Receivers In Aviation Market is segmented on the basis of Application, Product, And Geography.

GPS And GNSS Receivers In Aviation Market, By Application

• Military aviation
• Civil aviation

Who's using these aircraft? Well, there are two main groupsthe military and civilians. In 2022, most of the market belonged to civilian aviation. And guess what? It's predicted to keep growing fast until 2030! But hey, don't forget about military aviation. It might not be as big right now, but it's going to grow the most over the next few years. Why? Because countries are beefing up their defense systems and investing in the latest tech. China's military, for example, is always on the lookout for new aircraft. They've got these advanced defense centers where they're cooking up some serious firepower. And they've recently unveiled these awesome Chengdu J-20 78231 and 78232 fighter jets. They're like something out of a sci-fi movie! They were first shown off in Zhuhai in November 2018.

GPS And GNSS Receivers In Aviation Market, By Product

• Wired receivers
• Wireless receivers

The GPS receiver market has two main typesWired receivers and Wireless receivers. Wired receivers are like the old-school GPS devices that you plug into your car. They dominated the market in 2022 and are still expected to grow steadily. The reason for their popularity is that they're reliable. You don't have to worry about them running out of battery or losing signal. But Wireless receivers are coming up fast. They're more convenient because you don't have to deal with wires. Plus, they're becoming more accurate and powerful all the time. You can get one that fits your specific needs, whether you're a hiker, a truck driver, or a delivery person. So, while wired receivers are still holding their own, wireless receivers are the ones to watch. They're the future of GPS technology.

GPS And GNSS Receivers In Aviation Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Regions in the Global GPS and GNSS Receivers Market for Aviation The market for Global Positioning System (GPS) and Global Navigation Satellite System (GNSS) receivers for aviation is spread across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America's Dominance and the US Military's Influence In 2022, North America held the biggest share of the market. The United States played a major role in this, as its military is the most powerful in the world, with a vast air force of over 3,700 aircraft and 800 attack helicopters. Asia Pacific's Rising Star However, Asia Pacific is expected to see the fastest growth in the coming years. This is largely due to China and Japan, who are investing heavily in their military and civilian aviation sectors.

Key Players

The “Global GPS And GNSS Receivers In Aviation Market” study report will provide valuable insight with an emphasis on the market including some of the major players such as Qualcomm, Broadcom, Garmin, Trimble, Geo++, Novatel, Navcom Technology, Pulse Electronics, Sierra Wireless Inc., and Laird plc. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In October 2022, RX Networks collaborated with Qualcomm to provide smartphone location accuracy. Rx Networks, Inc. announced the availability of TruePoint.io precise location services on Qualcomm’s Snapdragon 8 Gen 1 and Snapdragon 888 5G Mobile Platforms.
• In September 2021, Broadcom Inc. unveiled the BCM4778, the world’s lowest-power L1/L5 GNSS receiver chip optimized for mobile and wearable applications. This third-generation chip, which is equipped with the most recent GNSS technologies, is 35% smaller and uses 5 times less power than the previous version. Dual-frequency GNSS is an important location feature for current mobile and wearable devices since it improves positioning accuracy for location-based services (LBS) applications.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global GPS And GNSS Receivers In Aviation Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global GPS And GNSS Receivers In Aviation Market, gauge the attractiveness of a certain sector, and assess investment possibilities.