An Exploratory Study of the Market Opportunities of NavIC: Leveraging NavIC Technology in Commerce

Authors

  • Kazi F

Keywords:

Navigation with Indian Constellation (NavIC) technology, Commerce, Economic Growth and Development, Market Opportunities

Abstract

This study is a comprehensive exploration of the dynamic market opportunities arising from the strategic implementation of NavIC (Navigation with Indian Constellation) technology in the commerce sector. NavIC, India's indigenous satellite navigation system operated by ISRO (Indian Space Research Organization), is poised to revolutionize commerce operations by enhancing navigation precision, supply chain logistics, and customer experiences. By meticulously assessing NavIC's capabilities and pinpointing its potential applications, this research underscores the substantial economic benefits awaiting businesses and industries that embrace this technology. Case studies on companies operating in India exemplify the transformative influence of NavIC on commerce, revealing cost reductions, expedited delivery timelines, and heightened operational efficiency. In navigating the path forward, the study candidly addresses challenges such as signal interference and cybersecurity, presenting actionable strategies for risk mitigation and regulatory compliance. As commerce in India and beyond continues to evolve, this study serves as an indispensable guide, offering strategic insights for businesses and policymakers keen on harnessing NavIC's full potential, thereby catalyzing economic growth, competitiveness, and self-sufficiency.

References

Chamoli, V., Prakash, R., Vidyarthi, A., & Ray, A. (2020). Capability of NavIC, an Indian GNSS constellation, for retrieval of surface soil moisture. Progress In Electromagnetics Research C, 106, 255-270.

Govardhan, R., Hariharan, S., Mary, T. B., Paul, J. J., Manimekalai, M. A. P., & Thilagavathi, K. (2023, March). IoT-Based Health Monitoring and Tracking in Combat. In 2023 4th International Conference on Signal Processing and Communication (ICSPC) (pp. 297-301). IEEE.

Gusain, R., Vidyarthi, A., Prakash, R., & Shukla, A. K. (2023, May). Assessing NavIC Accuracy at Dehradun in the Winter Season: A Case Study. In 2023 International Conference on Signal Processing, Computation, Electronics, Power and Telecommunication (IConSCEPT) (pp. 1-5). IEEE.

Kuna, D., Santhosh, N., & Perumalla, N. K. (2020). Preliminary analysis of standalone Galileo and NavIC in the context of positioning performance for low latitude region. Procedia Computer Science, 171, 225-234.

Kuna, D., & Perumalla, N. K. (2023). Assessment of Android Smartphones positioning in multi-GNSS/NavIC environment. Journal of Applied Geodesy, (0).

Prabhu, S. B., Ravithejaswi, U. R., Shetty, S., Hegde, S. S., & Prasad, S. M. (2022, February). NavIC Driven Dynamic Ambulance Allocation and Tracking. In 2022 IEEE International Students' Conference on Electrical, Electronics and Computer Science (SCEECS) (pp. 1-6). IEEE.

Downloads

Published

2024-05-02

How to Cite

Kazi, F. (2024). An Exploratory Study of the Market Opportunities of NavIC: Leveraging NavIC Technology in Commerce. Journal of Academic Advancement, 2(02), 34–44. Retrieved from https://jaa.kbsaa.org/index.php/j/article/view/31

Issue

Vol. 2 No. 02 (2023): Jul-Dec

Section

Research Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Research Articles in 'Journal of Academic Advancement' are Open Access articles published under the Creative Commons CC BY License Creative Commons Attribution 4.0 International License http://creativecommons.org/licenses/by/4.0/. This license allows you to share – copy and redistribute the material in any medium or format. Adapt – remix, transform, and build upon the material for any purpose, even commercially.