Rising Volume Of Electronics Fuels Growth In GNSS Chip Demand: An Emerging Driver Transforming The Global Navigation Satellite System (GNSS) Chip Market Landscape

The Global Navigation Satellite System (GNSS) Chip Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Global Navigation Satellite System (GNSS) Chip Market?
The worldwide market for global navigation satellite system (GNSS) chips has experienced significant expansion in recent years. The market is projected to increase from $5.83 billion in 2024 to $6.25 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.3%. The growth in prior years is credited to factors such as the prevalence of satellite navigation systems, increased utilization in consumer devices, governmental efforts and investments, rise in agricultural and mapping applications, along with the surge in autonomous vehicles.

In the coming years, a robust growth is projected in the global navigation satellite system (GNSS) chip market size, with its value expected to reach $7.83 billion by 2029, climbing at a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this projected growth during the forecast period include a growing demand for precise real-time data, widespread use of consumer electronic devices, expansion of the internet of things (IoT), advancements in satellite constellations, and the incorporation of multiple satellite systems. Key trends expected during this period include progression in signal processing and machine learning, 5G integrations and connectivity, downsizing and low-power designing, support for multiple constellations and frequencies, along with integration with inertial navigation systems (INS).

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What Are the Different Global Navigation Satellite System (GNSS) Chip Market Segments?
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 Are the Primary Drivers Shaping the Global Navigation Satellite System (GNSS) Chip Market?
The surged interest in consumer electronics is foreseen to accelerate the progression of the global navigation satellite system (GNSS) chip market. The realm of consumer electronics refers to the domain that deals with the architecting, creation and manufacturing of electronic gadgets meant for individual use. In these electronics, GNSS chips facilitate exact location services, augmenting navigation and geolocation functionalities in gadgets such as wearables and smartphones. This functionality becomes indispensable for critical situations like emergency responses and search and rescue missions. For example, in May 2023, the Japan Electronics and Information Technology Industries Association, a trade union based in Japan, reported that the total production of electronic devices in the country was worth $6,722 million (¥771,457 million). This figure reflects a boost in consumer electronics device production from $230.9 million (¥25,268 million) in May 2022 to $280 million (¥32,099 million) in May 2023. For these reasons, the surging demand for consumer electronics is bolstering the progression of the global navigation satellite system (GNSS) chip market.

Which Companies Are Leading 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 Trends Are Expected to Dominate the Global Navigation Satellite System (GNSS) Chip Market in the Next 5 Years?
Leading companies in the global navigation satellite system (GNSS) chip market are focusing on introducing innovative products with cutting-edge technological solutions like wide-area real-time kinematics technology to consolidate their market position. Wide-Area Real-Time Kinematics (WARTK) is a pioneering technology that facilitates accurate and immediate positioning across a vast geographical region. For instance, LOCOSYS Technology Inc., a Taiwan-based company specialising in the production of GPS/GNSS positioning and navigation-related products and modules, introduced its 100km Wide-Area Real-Time Kinematics (WARTK) support technology in October 2023. This technology was specifically engineered to achieve precise positioning over long distances in areas ranging from densely populated cities to remote rural landscapes. It is an instrumental tool in geographic information system (GIS) applications, environmental monitoring, and natural resource management. GNSS, especially Real-Time Kinematics (RTK), are incorporated into intelligent transportation systems for purposes such as vehicle navigation, fleet management, transportation system management, highway construction, and emerging applications like connected and automated vehicles, smart cities, transportation infrastructure, and sophisticated vehicle controlling systems.

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What Are the Top Revenue-Generating Geographies 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Global Navigation Satellite System (GNSS) Chip Market?
2. What is the CAGR expected in the Global Navigation Satellite System (GNSS) Chip Market?
3. What Are the Key Innovations Transforming the Global Navigation Satellite System (GNSS) Chip Industry?
4. Which Region Is Leading the Global Navigation Satellite System (GNSS) Chip Market?

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