Implementation of smart mobility and LBS applications through the smart cities concept supported by GNSS offering significant opportunity in the industry worldwide, says RNCOS in its latest research report.
Increased technological development along with rise in the location based application and transportation services is driving the GNSS industry worldwide. The growth in the technologically advanced industry has been led by government investment and the private players operating in the country. Owing to such developments, GNSS industry is growing at a CAGR of 10% from 2016-2022, says RNCOS in its latest research report.
Rapid urbanization along with rise in technology adoption has paved the way of opportunity in the navigation satellite system worldwide. In modern days, the urban area is experiencing the need of city planning and maintenance. In order to cater to such needs, the smart city concept has been encouraged in various countries including US, New Zealand, India etc. The required unprecedented scale of change has led to focus and attention on space technologies, such as satellites. The utilization of GNSS technologies and integration with other sensors represents a key element to enable the “urban R&D” which translates into real solutions for current and future smart cities that provide public and private benefits.
The report “Global Navigation Satellite Systems Market Outlook 2022” highlights various trends such as Autonomous vehicles pushing GNSS industry, emergence of smart city concept etc. An intelligent urban management approach covering various utilities like transport, energy, water, waste management, among others, can contribute to making cities more sustainable and allow for more effective and efficient management. For instance, In United States, Kansas (Missouri), a public-private partnership with Cisco to make a two-mile streetcar corridor smart has shared its first compilation which includes features such as providing exact location of the streetcars, depiction of occupied and available parking and traffic speeds.
In United States, Austin (TX); Columbus (OH); Denver (CO); Kansas City (MO); Pittsburgh (PA); Portland (OR) and San Francisco (CA), are the seven final cities to fully integrate innovative technologies – self-driving cars, connected vehicles, and smart sensors – into their transportation network. Other countries namely India, New Zealand etc. are also working on the concept while preparing to set them ready in the age of technological.
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