According to the new research report on "North America High Precision GNSS Antennas Market Regional Share, Trends, and Growth Opportunity Analysis - by Type, Technology, Frequency Range, and End User Industry," published by Business Market Insights, the high precision GNSS antennas market is expected to reach US$ 706.36 million by 2030; it is estimated to record a CAGR of 6.7% from 2022 to 2030.
The Global Navigation Satellite System (GNSS) is a satellite network that transmits positioning and timing data to receivers, enabling precise location determination. GNSS antennas are designed to receive and amplify these signals, converting them into electronic signals for GNSS or GPS receivers to compute accurate positions. The demand for high-precision GNSS antennas is increasing across various industries, including military & defense, construction, agriculture, transportation, and marine sectors. These antennas are used extensively in surveying, mapping, geophysics, geology, and archaeology applications. For instance, GNSS systems assist in measuring crustal strain with high precision, aiding in interpreting deformation causes, such as a subsurface dike or sill beneath an active volcano. The North America high precision GNSS antennas market is witnessing growth, driven by the military & defense sector's focus on autonomous vehicles, unmanned aerial vehicles (UAVs), and automatic guided vehicles (AGVs). In particular, the North America high precision GNSS antennas market benefits from the significant deployment and development of drones for both military and non-military operations.
North America High Precision GNSS Antennas Market Key Findings of Study:
The US dominated the North America high precision GNSS antennas market. The increasing demand for autonomous mobile robots (AMR) in logistics, manufacturing, healthcare, and hospitality drives the need for accurate navigation solutions. The North America high precision GNSS antennas market has experienced significant growth, with a substantial increase in robot installations in the manufacturing sector, particularly in the automotive and electrical/electronic industries. The automotive sector's adoption of robots is fueled by higher vehicle sales and government initiatives to promote electric vehicles. Automating manufacturing facilities is creating a demand for AMR and, consequently, driving the growth of the North America high precision GNSS antennas market in the United States.
The demand for high-precision GNSS antennas is increasing in off-road and recreational applications. For example, according to the National Ski Areas Association (NSAA), American ski resorts reported 64.7 million visits during 2022-2023, a 6.6% increase over the previous year. In skiing competitions, a precision GNSS antenna is mounted on the enthusiast's helmet to collect data to get precise knowledge of the rate of descent, lateral accelerations, and gate crossing times. Thus, the rise in such activities drives the North America high precision GNSS antennas market growth in the US.
Furthermore, according to the International Trade Administration (ITA), the US has one of the largest automotive markets in the world. According to ITA, the US, the technically advanced nation, is expected to remain the leading market for the 21st-century automotive industry owing to its large consumer base, available infrastructure, open investment policy, strong R&D capabilities, a highly skilled workforce, and local and state government incentives. Therefore, the demand for automobiles from the US contributes to the growing demand for high-precision GNSS antennas for their application in-vehicle navigation systems. Companies operating in the North America high precision GNSS antennas market invest heavily in research and development for developing advanced GNSS receivers. This includes the development of new versions of existing GNSS products and the introduction of innovative features. Continuous improvement and innovation in GNSS receiver technology have driven the demand for high-precision GNSS antennas.
In conclusion, the North America high precision GNSS antennas market industry in the US is driven by factors such as the increasing demand for AMRs, growth in the manufacturing sector, focus on precision farming, development of advanced GNSS receivers, and demand from the military and defense sectors. These factors contribute to the growing adoption of high precision GNSS antennas in various industries and applications, thereby driving the North America high precision GNSS antennas market growth.
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