Rising Volume Of Electronics Fuels Growth In GNSS Chip Demand: Core Growth Enabler in the Global Navigation Satellite System (GNSS) Chip Market, 2025

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What Will the Global Navigation Satellite System (GNSS) Chip Industry Market Size Be by 2025?
The worldwide market for GNSS chips has seen significant growth in the past few years, showing an increase from $5.83 billion in 2024 to a projected $6.25 billion in 2025, reflecting a 7.3% CAGR. This historical growth can be traced back to the emergence of satellite navigation systems, higher utilization in consumer electronics, government initiatives and investments, increased applications in agriculture and land surveying, and an uptick in autonomous vehicles.

What's the Long-Term Growth Forecast for the Global Navigation Satellite System (GNSS) Chip Market Size Through 2029?
Expectations are high for the substantial expansion of the global navigation satellite system (GNSS) chip market in the impending years. Predicted to achieve a value of $7.83 billion in 2029, it will be growing at a compound annual growth rate (CAGR) of 5.8%. The surge during the forecast period can be credited to a growing demand for precise real-time data, surging prevalence of consumer electronics, widening of the internet of things (IoT) realm, improvements in satellite constellations, and blending of diverse satellite systems. Significant trends for the same period include progressed signal processing and application of machine learning, integration and connectivity of 5G, miniaturization coupled with low-power design, support for multiple constellations and frequencies, plus the incorporation of inertial navigation systems (INS).

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What Are the Key Growth Drivers Fueling the Global Navigation Satellite System (GNSS) Chip Market Expansion?
The escalating need for gadgets and appliances in the consumer electronics segment is anticipated to boost the expansion of the GNSS chip market around the globe. Consumer electronics relate to the field engaged in devising, innovating, and manufacturing electric devices for personal usage. The integration of GNSS chips in these electronics ensures accurate location services, making navigation and geolocation features more sophisticated in devices such as wearables and smartphones. This level of accuracy is pivotal for emergency services and search and rescue missions. For instance, the Japan Electronics and Information Technology Industries Association reported in May 2023 that the total output of electronic devices in Japan totaled $6,722 million (¥771,457 million). Notably, the manufacturing of consumer electronics devices jumped from $230.9 million (¥25,268 million) recorded in May 2022 to $280 million (¥32,099 million) in May 2023. Consequently, the mounting demand for consumer electronics is attributed as a prime catalyst for the growth of the global GNSS chip market.

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What Are the Key Trends Driving Global Navigation Satellite System (GNSS) Chip Market Growth?
Leading businesses in the global navigation satellite system (GNSS) chip market are concentrating their efforts on inventing products with superior technology, like wide-area real-time kinematics technology, in order to consolidate their market presence. The wide-area real-time Kinematics (WARTK) is a technology that aids in precision and real-time positioning across expansive geographical locations. For example, LOCOSYS Technology Inc., a Taiwan-based company specializing in GPS/GNSS positioning and navigation products, launched the 100km Wide-Area Real-Time Kinematics (WARTK) support technology in October 2023. The 100km WARTK technology is engineered to achieve precise positioning across large distances, in areas ranging from dense urban agglomerations to remote rural locations. This technology is crucial in GIS applications, environmental monitoring, and managing natural resources. GNSS, specifically Real-Time Kinematics (RTK), is incorporated into clever transportation systems for various applications including vehicle navigation, fleet administration, transportation system maintenance, highway engineering, and other emerging applications like connected and automated vehicles, smart cities, transportation infrastructure, and advanced vehicle regulation systems.

How Is the Global Navigation Satellite System (GNSS) Chip Market Segmented?
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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Which Companies Are Leading the Charge in Global Navigation Satellite System (GNSS) Chip Market Innovation?
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.

Which Regions Are Leading the Global Global Navigation Satellite System (GNSS) Chip Market in Revenue?
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.

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