GNSS Positioning System Market size is estimated to be USD 250 Billion in 2024 and is expected to reach USD 450 Billion by 2033 at a CAGR of 7.5% from 2026 to 2033.
South Korea is advancing its GNSS Positioning System Market with the development of the Korea Positioning System (KPS), a $3.3 billion initiative aimed at enhancing positioning accuracy and reliability across various sectors. Scheduled for full operation by 2035, KPS will deploy eight satellites to provide ultra-precise Positioning, Navigation, and Timing (PNT) services, crucial for the nation's technological growth.
Currently, reliance on U.S. GPS results in positioning errors up to 10 meters, inadequate for applications like autonomous vehicles and urban air mobility. The integration of KPS is expected to reduce this margin to as low as 2.5 centimeters, significantly improving the precision required for advanced technologies.
Key industries poised to benefit from KPS include:
Autonomous Vehicles: Enhanced lane-level accuracy will support the development and deployment of self-driving cars.
Aviation: Improved navigation systems will facilitate more efficient and safer flight operations.
Disaster Management: Precise location data will aid in emergency response and resource allocation during crises.
Telecommunications: Accurate timing information is essential for synchronizing networks and services.
In my experience working with GNSS technologies, the implementation of a dedicated system like KPS addresses the unique geographical challenges of South Korea, such as urban density and mountainous terrain, which often impede signal accuracy. This tailored approach ensures that the GNSS Positioning System Market can meet the specific needs of local industries.
Moreover, the introduction of services like u-blox's PointPerfect and Hexagon's TerraStar-X in South Korea indicates a growing demand for high-precision GNSS augmentation services. These developments not only enhance the capabilities of existing systems but also pave the way for innovative applications in various sectors.
As South Korea continues to invest in its GNSS infrastructure, the GNSS Positioning System Market is expected to experience significant growth, fostering advancements in technology and contributing to the nation's economic development.
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Qualcomm
Trimble Navigation
Broadcom
CSR
Laird
Furuno Electric
Rockwell Collins
Texas Instruments
Cobham
Hexagon
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea GNSS Positioning System Market
Global Navigation Satellite Systems (GNSS)
Regional Navigation Satellite Systems (RNSS)
Satellite-Based Augmentation Systems (SBAS)
Ground-Based Augmentation Systems (GBAS)
Aerospace and Defense
Transportation & Logistics
Agriculture
Construction and Mining
Consumer Electronics
Surveying and Mapping
Receivers
Antennae
Processors
DGPS (Differential GNSS)
RTK (Real-Time Kinematic)
PPP (Precise Point Positioning)
Assisted GNSS (A-GNSS)
Oil and Gas
Renewable Energy
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea GNSS Positioning System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea GNSS Positioning System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea GNSS Positioning System Market, By Type
6. South Korea GNSS Positioning System Market, By Application
7. South Korea GNSS Positioning System Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea GNSS Positioning System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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