Market Size of GPS And GNSS Receivers In Aviation Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.15 Billion |
| Market Size (2029) | USD 1.60 Billion |
| CAGR (2024 - 2029) | 6.78 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GPS And GNSS Receivers In Aviation Market Analysis
The GPS And GNSS Receivers In Aviation Market size is estimated at USD 1.15 billion in 2024, and is expected to reach USD 1.60 billion by 2029, growing at a CAGR of 6.78% during the forecast period (2024-2029).
- The global positioning system (GPS) and global navigation satellite system (GNSS) receivers in the aviation market witnessed unprecedented challenges due to the COVID-19 pandemic. The demand for commercial and military aircraft slumped due to low economic growth, a decrease in air traffic passengers, and a decline in aviation operations.
- Moreover, there had been a decrease in the growth rate of wide-body aircraft and narrow-body aircraft orders owing to the grounding of the Boeing 737 MAX aircraft. Nevertheless, the slump was temporary, and the market was anticipated to witness robust growth due to the demand for such equipment both from aircraft original equipment manufacturers (OEMs) and maintenance, repair, and overhaul (MRO) service providers.
- Most of the GPS equipment designed for use in commercial aircraft is permanently installed in tested and approved locations with appropriate power supplies and is integrated with other flight systems. Air navigation systems usually have a moving map display and are often connected to the autopilot for en-route navigation. With the growth of the aviation industry and the introduction of new aircraft to the fleet, the demand for quick and hassle-free aircraft navigation will boost the demand for GPS and GNSS Receivers in the Aviation market during the forecast period.
GPS And GNSS Receivers In Aviation Industry Segmentation
GNSS refers to the Global Navigation Satellite System, a global satellite system that transmits signals for navigation. GPS stands for Global Positioning System, an application of GNSS widely used to track aircraft positioning in the aviation industry.
The GPS and GNSS receivers in the aviation market are segmented by end-user and type. By end-use, the market is segmented into commercial aviation and military aviation. By type, the market is segmented into wired receivers and wireless receivers. The report also covers the market sizes and forecasts for the GPS and GNSS Receivers in aviation market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
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| Commercial Aviation | |
| Military Aviation |
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| Wired Receivers | |
| Wireless Receivers |
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GPS And GNSS Receivers In Aviation Market Size Summary
The GPS and GNSS receivers in the aviation market are poised for significant growth over the forecast period, driven by the resurgence of the aviation industry post-COVID-19 challenges. The market is expected to expand as demand for these navigation systems increases from both commercial and military sectors. In commercial aviation, the integration of GPS and GNSS systems into aircraft for enhanced navigation and safety is becoming increasingly vital, especially with the introduction of new aircraft models. This demand is further bolstered by the need for efficient navigation solutions as air traffic continues to recover and grow. The military segment is also anticipated to experience robust growth due to heightened military expenditures and modernization programs across various countries, where satellite navigation plays a crucial role in operational effectiveness.
Regionally, Asia-Pacific is projected to lead the market growth, fueled by substantial investments in the aviation sector and a rising demand for new aircraft, particularly from China and India. The region's burgeoning aviation market, with China emerging as a global leader, and India's rapid expansion, underscores the increasing need for advanced navigation systems. Additionally, the procurement of next-generation military aircraft in countries like India, China, and Japan is expected to drive further demand for GPS and GNSS receivers. The market is characterized by a semi-consolidated structure, with key players such as Cobham Limited, Trimble Inc., and L3Harris Technologies actively engaging in strategic initiatives like mergers, acquisitions, and technological collaborations to enhance their market presence and product offerings.
GPS And GNSS Receivers In Aviation Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 End-Use
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2.1.1 Commercial Aviation
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2.1.2 Military Aviation
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2.2 Type
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2.2.1 Wired Receivers
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2.2.2 Wireless Receivers
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia Pacific
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2.3.4 Latin America
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2.3.4.1 Brazil
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2.3.4.2 Rest of Latin America
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2.3.5 Middle East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 United Arab Emirates
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2.3.5.3 South Africa
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2.3.5.4 Rest of Middle East and Africa
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GPS And GNSS Receivers In Aviation Market Size FAQs
How big is the GPS And GNSS Receivers In Aviation Market?
The GPS And GNSS Receivers In Aviation Market size is expected to reach USD 1.15 billion in 2024 and grow at a CAGR of 6.78% to reach USD 1.60 billion by 2029.
What is the current GPS And GNSS Receivers In Aviation Market size?
In 2024, the GPS And GNSS Receivers In Aviation Market size is expected to reach USD 1.15 billion.
