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GNSS Simulators Market worth $165 million by 2025 - Exclusive Report by MarketsandMarkets™


 by Component Type (Single Channel and Multichannel), GNSS Receiver (GPS, Galileo, GLONASS, and BeiDou), Application (Vehicle Assistance Systems, Location-based Services, and Mapping), Vertical, and Region - Global Forecast to 2025 , published by MarketsandMarkets™, the market is estimated to grow from USD 106 million in 2020 to USD 165 million by 2025, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period.
Various factors such as rapid penetration of consumer IoT, the contribution of 5G in enabling ubiquitous connectivity, and increasing use of wearable devices utilizing location information are expected to drive the adoption of the GNSS simulators hardware, software, and services.
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