GNSS Chips and Modules Market to Reach US$ 12.44 Billion by 2031, Driven by 5G Expansion, Wearable Tech, and Smart Infrastructure Growth

New York, US - November 07, 2025 - According to the latest market research report by The Insight Partners, the Global GNSS (Global Navigation Satellite System) Chips and Modules Market size is expected to grow from US$ 7.20 billion in 2024 to US$ 12.44 billion by 2031, registering a robust CAGR of 8.4% during 2025-2031. The market growth is primarily fueled by the rising demand for 5G connectivity, high-speed internet, and the surging adoption of wearable and connected devices that rely on precise real-time location data.

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Market Overview
GNSS chips and modules are essential components that provide accurate location, navigation, and timing (PNT) data through satellite constellations such as GPS (US), GLONASS (Russia), BeiDou (China), Galileo (EU), NavIC (India), and QZSS (Japan). These components are widely integrated into consumer electronics, automotive systems, industrial automation, defense, and telecom applications.

With nearly 50% of the global population using smartwatches and fitness bands, the need for low-power, compact GNSS solutions continues to grow. These technologies allow real-time location tracking for wearables, smartphones, and IoT devices while maintaining energy efficiency and accuracy.

Key Market Drivers
• Rising 5G Network Adoption: High-speed, low-latency networks are enabling advanced location-based services (LBS), asset tracking, and fleet management.
• Growing Accuracy Demand: Enhanced GNSS methods like real-time kinematic (RTK) and post-processing kinematic (PPK) are driving adoption in surveying, automotive, and logistics.
• Smart City and Infrastructure Investments: Governments worldwide are leveraging GNSS modules for public safety, transport optimization, and urban planning.

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Market Segmentation
The market is segmented by Type (GNSS Chips, GNSS Modules), End User (Consumer Electronics, Automotive, Industrial, Military & Defense, Telecom & IT, BFSI, Others), Application (Navigation & LBS, Mapping, Telematics, Timing & Synchronization, Search & Rescue, Others), Precision Level (Standard, High-Precision GNSS), and Device Type (Smartphones, Tablets, Drones, In-Vehicle Systems, Others).

Regional Insights
• Asia Pacific dominates the global GNSS market due to rapid smartphone production, regional GNSS programs (BeiDou, NavIC, QZSS), and strong consumer electronics demand.
• North America ranks second, driven by adoption in autonomous vehicles, UAVs, and IoT ecosystems.
• Europe follows closely with high integration of Galileo-enabled modules in the automotive and logistics sectors.

Competitive Landscape
The market is characterized by intense competition among leading players such as Qualcomm Inc., STMicroelectronics N.V., Broadcom Corporation, Intel Corporation, Trimble Autonomy, u-blox, Hexagon-Novatel, Furuno, and LOCOSYS Technology Inc. These companies are focusing on multi-constellation, multi-frequency GNSS solutions and hybrid positioning technologies that integrate inertial measurement units (IMUs) for enhanced precision.

Recent Developments
• Qualcomm Technologies, Inc. (June 2023): Introduced the Qualcomm 212S and 9205S modems with satellite connectivity and integrated GNSS for IoT and off-grid applications.
• Trimble & STMicroelectronics Collaboration (March 2025): Launched an advanced positioning solution combining Trimble ProPoint Go and Teseo VI GNSS chipsets for automotive and IoT use cases, enabling greater signal accuracy even in dense urban environments.

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Market Outlook
As demand for high-accuracy navigation, 5G-enabled applications, and IoT integration continues to rise, the GNSS Chips and Modules Market is poised for substantial expansion. Strategic collaborations, product innovation, and government-backed GNSS programs will further shape the competitive landscape and technological evolution through 2031.

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The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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