What Fueled The Previous Growth In The Global Navigation Satellite System GNSS Chip Market?
The global navigation satellite system gnss chip market has seen considerable growth due to a variety of factors.
• The worldwide market for global navigation satellite system (GNSS) chips has experienced substantial growth in the past few years. The market size is expected to rise from $5.83 billion in 2024 to $6.25 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%.
This exceptional growth during the historical period can be traced back to the proliferation of satellite navigation systems, the broad acceptance in consumer equipment, government incentives and investments, increasing usage in the agricultural and surveying sectors, and an upsurge in autonomous vehicles.
How Does the Forecast Look for the Global Navigation Satellite System GNSS Chip Market?
The global navigation satellite system gnss chip market is expected to maintain its strong growth trajectory in upcoming years.
• In the next few years, significant growth is anticipated in the global navigation satellite system (GNSS) chip market. By 2029, it is projected to reach a value of $7.83 billion and experience a compound annual growth rate (CAGR) of 5.8%.
Factors contributing to this predicted increase during the forecast period encompass a heightened requirement for precise real-time data, the popularity of consumer electronic devices, the burgeoning internet of things (IoT), developments in satellite constellations and the combination of different satellite systems. Leading trends for the forecast period feature advancements in signal processing and machine learning, integration and connectivity to 5G, miniaturization and energy-efficient designs, support for multi-constellations and multi-frequencies, and merging with inertial navigation systems (INS).
What Are The Leading Drivers Of Growth In The Global Navigation Satellite System GNSS Chip Market?
The growth of the global navigation satellite system (GNSS) chip market is anticipated to be driven by the rising demand for consumer electronics. The consumer electronics industry encompasses the design, development, and manufacturing of electronic devices intended for personal use. The implementation of GNSS chips in these devices enables precise location services, significantly improving navigation and location-centric functionalities in devices like wearables and smartphones. These features are crucial in providing vital information for search, rescue, and emergency response initiatives. For example, data from the Japan Electronics and Information Technology Industries Association, a trade organization located in Japan, reveals that the total production of electronic devices in Japan for May 2023 was $6,722 million (¥771,457 million). During this period, the production of consumer electronics devices saw an increase from $230.9 million (¥25,268 million) in May 2022 to $280 million (¥32,099 million) in May 2023. Consequently, the escalating demand for consumer electronics is propelling the GNSS chip market globally.
How Are The Segments Defined Within The Global Global Navigation Satellite System GNSS Chip Market?
The global navigation satellite system (GNSS) chip market covered in this report is segmented –
1) By Device Type: Smartphones, Tablets And Wearables, Personal Tracking Devices, Low-Power Asset Trackers, In-Vehicle Systems, Drones, Other Device Types
2) By Application: Navigation, Mapping, Location-Based Services, Surveying, Telematics, Timing And Synchronization, Other Applications
3) By Vertical: Consumer Electronics, Construction, Agriculture, Automotive, Military And Defense, Marine, Transport
Subsegments:
1) By Smartphones: High-End Smartphones, Mid-Range Smartphones, Entry-Level Smartphones
2) By Tablets And Wearables: Tablets, Smartwatches, Fitness Trackers, Augmented Reality (AR) Glasses
3) By Personal Tracking Devices: GPS Trackers, Pet Trackers, Personal Emergency Response Systems (PERS)
4) By Low-Power Asset Trackers: Cargo Tracking Devices, Vehicle Tracking Devices, Equipment Tracking Devices
5) By In-Vehicle Systems: Navigation Systems, Telematics Systems, Fleet Management Systems
6) By Drones: Consumer Drones, Commercial Drones, Military Drones
7) By Other Device Types: IoT Devices, Robotics, Smart Home Devices
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What Emerging Trends Are Influencing The Growth Of The Global Navigation Satellite System GNSS Chip Market?
Leading corporations in the international navigation satellite system (GNSS) chip market are undertaking the development of novel products embedded with superior technological capabilities, including wide-area real-time kinematics technology, to reinforce their market position. The wide-area real-time Kinematics (WARTK) is a technique that facilitates accurate real-time positioning across a substantial geographical range. For example, LOCOSYS Technology Inc., a company based in Taiwan, specializing in GPS/GNSS positioning and navigation-oriented products and modules, introduced 100km Wide-Area Real-Time Kinematics (WARTK) support technology in October 2023. This technology is essentially crafted to facilitate high-precision positioning over large areas, whether they be densely urbanized cities or remote rural locations. It plays a crucial role in geographical information system (GIS) applications, environmental monitoring, and natural resource management. Particularly, Real-Time Kinematics (RTK), a subset of global navigation satellite systems, find their utility in intelligent transport systems for vehicle navigation, tracking fleets, managing transport systems, constructing highways, and new emerging applications like connected and automated vehicles, smart cities, transport infrastructure, and advanced vehicle control systems.
Who Are the Key Players In The Global Navigation Satellite System GNSS Chip Market?
Major companies operating in the global navigation satellite system (GNSS) chip market are:
• Sony Group Corporation
• Intel Corporation
• Qualcomm Technologies Inc.
• Broadcom Inc.
• Fujitsu Limited
• Thales Group
• Mediatek Inc.
• STMicroelectronics N.V.
• Hexagon
• Skyworks Solutions Inc.
• Trimble Inc.
• Belden Inc
• Quectel Wireless Solutions Co. Ltd
• Topcon Corporation
• Furuno Electric Co. Ltd
• U-blox Holdings AG
• Telit Communications PLC
• NovAtel Inc.
• STONEX Srl
• Rakon Limited
• Hemisphere GNSS
• SparkFun Electronics
• Harxon Corporation
• Septentrio N.V.
• LOCOSYS Technology Inc.
• Syntony GNSS
• ComNav Technology Ltd.
• Hunan Bynav Technology
• Tallysman Wireless Inc.
• OriginGPS Ltd.
What Is The Most Dominant Region In The Global Navigation Satellite System GNSS Chip Market?
Asia-Pacific was the largest region in the global navigation satellite system (GNSS) chip market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global navigation satellite system (GNSS) chip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
