Satellite Beacon Receiver Trends and Forecast
The future of the global satellite beacon receiver market looks promising with opportunities in the beacon tracking and satellite on the move markets. The global satellite beacon receiver market is expected to grow with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are increasing demand for real-time tracking and navigation systems, rising application of this technology in defense and aerospace industries, and growing adoption of satellite communication for disaster management.
• Lucintel forecasts that digital is expected to witness the higher growth over the forecast period.
• Within this market, beacon tracking is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: In the United States, companies like Trimble Navigation Ltd and Garmin Ltd have been actively developing satellite beacon receivers. Trimble announced plans to expand its market presence by targeting key industries such as agriculture, construction, and transportation with its high-precision receivers. Similarly, Garmin introduced the GPSMAP 66i handheld GPS device, catering to outdoor enthusiasts and emergency responders.
Government initiatives in the US include funding for research and development in satellite technology, aiming to enhance national security and improve disaster response capabilities.Targets set by companies in the US include increasing market share and expanding product offerings to meet growing demand for satellite beacon receivers in both commercial and government sectors.
India: Indian companies like ISRO (Indian Space Research Organisation) have been focusing on developing indigenous satellite navigation systems. ISRO recently announced plans to launch more navigation satellites to strengthen the countryÄX%$%Xs satellite-based positioning infrastructure.Private companies in India, such as MapmyIndia, are also investing in satellite navigation technology. MapmyIndia aims to capture a larger share of the domestic market by providing accurate and reliable navigation solutions for businesses and consumers.The Indian government has set targets to promote the adoption of satellite navigation technology in various sectors, including agriculture, transportation, and disaster management.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Satellite Beacon Receiver by Segment
The study includes a forecast for the global satellite beacon receiver by type, application, and region.
Satellite Beacon Receiver Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Digital
• Analog
Satellite Beacon Receiver Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Beacon Tracking
• Satellite on the Move
• Others
Satellite Beacon Receiver Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Satellite Beacon Receiver Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies satellite beacon receiver companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the satellite beacon receiver companies profiled in this report include-
• Satservice
• Peak Communications
• Novella Satcoms
• Advantech Wireless
• Avcom
• Kratos Antenna Solutions
• C-COM Satellite Systems
Recent Development in the Satellite Beacon Receiver Market
Trimble Navigation Ltd: Trimble recently announced the launch of its new BX50 GNSS receiver, designed to provide high-precision positioning for various applications, including satellite beacon reception. The BX50 receiver incorporates advanced technology for improved accuracy and reliability in challenging environments.
Garmin Ltd: Garmin introduced the GPSMAP 66i handheld GPS device, which integrates satellite beacon reception capabilities with two-way messaging and SOS functionality. This device targets outdoor enthusiasts, offering reliable navigation and communication in remote areas where traditional cellular networks may not be available.
Septentrio NV: Septentrio unveiled its latest GNSS receiver, the AsteRx-i3, featuring advanced interference mitigation technology for enhanced satellite beacon reception in high-interference environments. The AsteRx-i3 is designed for applications such as precision agriculture, construction, and surveying, where reliable positioning is crucial.
Topcon Positioning Systems, Inc: Topcon announced the release of its new GR-5 GNSS receiver, equipped with multi-constellation tracking capabilities for improved satellite beacon reception. The GR-5 receiver offers high-accuracy positioning and seamless integration with TopconÄX%$%Xs suite of precision agriculture and construction solutions.
Features of the Global Satellite Beacon Receiver Market
Market Size Estimates: Satellite beacon receiver market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Satellite beacon receiver market size by type, application, and region in terms of value ($B).
Regional Analysis: Satellite beacon receiver market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the satellite beacon receiver market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the satellite beacon receiver market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for satellite beacon receiver market?
Answer: The global satellite beacon receiver market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the satellite beacon receiver market?
Answer: The major drivers for this market are increasing demand for real-time tracking and navigation systems, rising application of this technology in defense and aerospace industries, and growing adoption of satellite communication for disaster management.
Q3. What are the major segments for satellite beacon receiver market?
Answer: The future of the satellite beacon receiver market looks promising with opportunities in the beacon tracking and satellite on the move markets.
Q4. Who are the key satellite beacon receiver market companies?
Answer: Some of the key satellite beacon receiver companies are as follows:
• Satservice
• Peak Communications
• Novella Satcoms
• Advantech Wireless
• Avcom
• Kratos Antenna Solutions
• C-COM Satellite Systems
Q5. Which satellite beacon receiver market segment will be the largest in future?
Answer: Lucintel forecasts that digital is expected to witness the higher growth over the forecast period.
Q6. In satellite beacon receiver market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the satellite beacon receiver market by type (digital and analog), application (beacon tracking, satellite on the move, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Satellite Beacon Receiver Market, Satellite Beacon Receiver Market Size, Satellite Beacon Receiver Market Growth, Satellite Beacon Receiver Market Analysis, Satellite Beacon Receiver Market Report, Satellite Beacon Receiver Market Share, Satellite Beacon Receiver Market Trends, Satellite Beacon Receiver Market Forecast, Satellite Beacon Receiver Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.