Rising Volume Of Electronics Fuels Growth In GNSS Chip Demand: The Driving Engine Behind Global Navigation Satellite System (GNSS) Chip Market Evolution in 2025

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Global Navigation Satellite System (GNSS) Chip Industry Market Size Be by 2025?
In recent times, the worldwide navigation satellite system (gnss) chip market has expanded significantly. Its size is predicted to increase from $5.83 billion in 2024 to $6.17 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. The growth experienced in the past can be linked to the rise of satellite navigation systems, a surge in their incorporation in consumer devices, governmental initiatives and investments. Notably as well, agriculture and surveying have seen an increased usage of these chips, and the autonomous vehicle industry's surge is also a contributing factor.

What's the Long-Term Growth Forecast for the Global Navigation Satellite System (GNSS) Chip Market Size Through 2029?
The market for the global navigation satellite system (gnss) chip is projected to experience a stable upswing in the forthcoming years, anticipating a growth to reach $7.47 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 4.9%. The key factors propelling the growth for this projected phase include the growing need for precise real-time information, widespread use of consumer electronic appliances, expansion of the Internet of Things (IoT), progress in satellite constellations, and amalgamation of multiple satellite systems. The future trajectory is also expected to embrace novel developments such as advanced signal processing and machine learning, 5G assimilation and connectivity, downsizing and power-efficient designs, support for multiple constellations and frequencies, and synchronization with inertial navigation systems (INS).

View the full report here:
https://www.thebusinessresearchcompany.com/report/global-navigation-satellite-system-gnss-chip-global-market-report

What Are the Key Growth Drivers Fueling the Global Navigation Satellite System (GNSS) Chip Market Expansion?
The global navigation satellite system (GNSS) chip market is projected to be driven by increasing demand in the consumer electronics sector. The consumer electronics industry, which is concentrated on designing, producing, and developing electronic devices for personal usage, employs GNSS chips to allow for precise location services. These services improve navigation and location-based features in personal devices such as smartphones and wearable technology, providing vital data for emergency response and search and rescue tasks. Case in point, Japan Electronics and Information Technology Industries Association, a trade association based in Japan, reported that in May 2023, the complete electronic device production in Japan reached $6,722 million (¥771,457 million). Consequently, production of consumer electronics devices rose from $230.9 million (¥25,268 million) in May 2022 to $280 million (¥32,099 million) in May 2023. Hence, the escalating demand for consumer electronics is fuelling the global navigation satellite system (GNSS) chip market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14110&type=smp

What Are the Key Trends Driving Global Navigation Satellite System (GNSS) Chip Market Growth?
Leading businesses in the worldwide GNSS chip industry are concentrating on the creation of innovative goods with cutting-edge technological solutions such as wide-area real-time kinematics technology, in order to solidify their market standing. Wide-area Real-time Kinematics (WARTK) is a capability that enables accurate, real-time positioning over vast geographical spans. For example, LOCOSYS Technology Inc., a Taiwanese firm specializing in GPS/GNSS positioning and navigation products and modules, unveiled its 100km wide-area real-time kinematics (WARTK) support technology in October 2023. This technology is built to deliver high-precision positioning over long ranges, and is useful in heavily populated urban zones as well as remote rural areas. It's crucial in applications such as geographic information system (GIS), environmental monitoring, and natural resource administration. GNSS, particularly Real-Time Kinematics (RTK), are incorporated into smart transportation systems for purposes like vehicle navigation, fleet administration, transportation system management, highway construction, and novel applications like connected and automated vehicles, smart cities, transport infrastructure, and advanced vehicle control systems.

How Is the Global Navigation Satellite System (GNSS) Chip Market Segmented?
The global navigation satellite system (gnss) chipmarket 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14110&type=smp

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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14110

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.