Japan High Precision GNSS Module Market Size was valued at USD 0.1422 Billion in 2022. The High precision GNSS module market industry is projected to grow USD 0.2126 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2023 - 2032). Increasing demand for accurate navigation, positioning, and timing data contribute to increasing efficiency, safety, and convenience in a variety of sectors the main market drivers anticipated to propel the High precision GNSS module market in the Japan.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Increasing demand of GNSS in infrastructure and increasing use in various applications anticipated to propel the market growth during the forecast period. Receivers are widely used in industries such as development, mining, agribusiness, avionics, and maritime. These receivers aid in search and rescue operations, shipping and transportation, education and planning, and space exploration. These initiatives rely on advancements in GNSS infrastructure to increase dependability and inclusivity. Users can receive significantly more precise and consistent estimations with increased dependability; difficult inshore routes on streams and canals would be more secure and trustworthy; and take-off and landing procedures are simpler and more notable advancements. As a result, the development of end-market infrastructure is accelerating, which is one of the factor for market growth.
In addition, the growing horticulture (accuracy cultivating) industries as well as expanding infrastructural upgrades are driving the growth of the high precision GNSS module market. Beneficiaries of GNSS are extensively used in both development and farming activities. The majority of large-scale firms are investing in the GNSS module required for the production and service industries. This increase is related to the demand for technological advancement and safety. The increasing demand for technology and R&D in GNSS module is fueling the market growth for high-precision GNSS module in the coming years.
The Japan High Precision GNSS Module market segmentation, based on product includes core satellite navigation system, regional satellite navigation system, and satellite-based augmentation system. The satellite-based augmentation system segment dominated the market mostly. The satellite-based augmentation system (SBAS) effectively give accurate location data by correcting faults in Global Positioning System (GPS) signals. SBAS systems, which are appropriate for aviation, maritime, and land, are increasing popularity due to their precision and inexpensive cost, which boosts their applicability across numerous industries. SBAS systems are positioned to compete in the high precision GNSS module sector as the need for pinpoint develops which is driving the market expansion in the coming years.
The Japan High Precision GNSS Module market segmentation, based on application includes navigation and positioning. The navigation segment expected to register the fastest growth. Due to the requirement for pinpoint accuracy across several sectors, the navigation category is predicted to dominate the High Precision GNSS module market over the forecast period. The increasing demand for precision in various domains, such as lane warning and collision avoidance; aviation navigation, including landing and air traffic control; marine navigation, including docking and search and rescue; and land navigation, including asset tracking, fleet management, and mapping fleet management is boosting the segment growth during the forecast period.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Increasing use of GNSS systems as well as anticipated industrialization and urbanization is driving the market growth. The developing economy as well as the requirement for faster data transport and larger surveying capacity is driving up demand for the high precision GNSS module market. The booming economy has a rapidly growing customer base and a considerable potential for GNSS- and space-enabled applications. Furthermore, increasing share of local R&D and technological advancements is driving the growth of the market during the forecast period. Japan is essential for enterprises and SMEs seeking to internationalize their GNSS-based product or service which is projected to fuel the market expansion.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the High Precision GNSS Module market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, High Precision GNSS Module industry must offer cost-effective items.
Major players in the High Precision GNSS Module market are attempting to increase market demand by investing in research and development operations includes Cobham; Texas Instruments; Broadcom; Laird; Rockwell Collins; Hexagon Qualcomm; CSR; Trimble Navigation; and Furuno Electric.
Texas Instruments
Broadcom
Laird
Hexagon Qualcomm
CSR
Trimble Navigation
November 2020: LOCOSYS Technology, a global leader in satellite location modules, represented at the virtual MWE 2020 in Japan show. LOCOSYS continues to provide GNSS-level wireless communication, RTK high-precision positioning/orientation solutions, inertial navigation solutions, and 4G/5G CORS base station systems.
April 2022: BizStation and U-blox have unveiled a highly precise, compact, and low-cost high-precision locating solution for the East Asia and Oceania markets. The solution, which includes two U-blox modules, provides centimeter-level location precision where mobile network coverage is unavailable, such as in maritime offshore surveying, industrial vehicle guidance, agricultural and UAVs.
Core Satellite Navigation System
Regional Satellite Navigation System
Satellite-based Augmentation System
Navigation
Positioning
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.1422 Billion |
| Market Size 2032 | USD 0.2126 Billion |
| Compound Annual Growth Rate (CAGR) | 7.20% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Application, and Region |
| Country Covered | Japan |
| Key Companies Profiled | Cobham; Texas Instruments; Broadcom; Laird; Rockwell Collins; Hexagon Qualcomm; CSR; Trimble Navigation; and Furuno Electric. ย |
| Key Market Opportunities | Increasing use of advanced technology such as robotics and ICT. Rising demand for various projects, including on-site Smart Agriculture deployment employing modern technology such as robotics, AI, and IoT. |
| Key Market Dynamics | Increasing awareness of its potential and availability to financing for research projects for 6G testing. Strong emphasis on low latency networks, for specific applications. |
Frequently Asked Questions (FAQ) :
The Japan High Precision GNSS Module market size was valued at USD 0.1422 Billion in 2022.
The market is projected to grow at a CAGR of 7.20% during the forecast period, 2023-2032.
The key players in the market are Cobham; Texas Instruments; Broadcom; Laird; Rockwell Collins; Hexagon Qualcomm; CSR; Trimble Navigation; and Furuno Electric.
The Satellite-based Augmentation System category dominated the market in 2022.
The navigation category had the largest share in the market.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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