Global Navigation Satellite System (GNSS) Market Size, Share, Forecast 2022 – 2032
The Global Navigation Satellite System (GNSS) Market Size is expected to reach USD 541.78 Billion by 2032, at a CAGR of 9.25% during the forecast period of 2022–2032.The global navigation satellite system (GNSS) is a constellation consisting of multiple satellites that provide signals from space to the GNSS receiver, which aids in determining location. With the increased use of smartphones, digital cameras, tablets, smart wearables, and other location-based devices, there has been a significant increase in the demand for applications that use location-based services.