GNSS Market Size & Growth:

The GNSS Market Size was valued at USD 208.25 billion in 2023 and is expected to reach USD 454.46 billion by 2032, and grow at a CAGR of 9.06% over the forecast period 2024-2032.

The GNSS market is experiencing rapid growth, primarily fueled by the increasing reliance on GNSS technology in autonomous vehicles. A prime example is Tier IV’s Minibus 2.0, which adheres to Japan's Level 4 autonomous driving standards, highlighting the importance of accurate GNSS-based positioning for self-driving cars.

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By integrating GNSS with sensors such as LiDAR, radars, cameras, and IMUs, autonomous systems benefit from enhanced safety, precision, and performance. Modern GNSS solutions now use multiple global satellite constellations to provide lane-level accuracy and 99.99999% integrity, allowing for precise navigation essential for Level 4 autonomous vehicles. The fusion of GNSS with LiDAR-based systems further improves robustness, ensuring reliable fallback systems while supporting V2X communication, which is vital for autonomous vehicle interactions with their environment. Additionally, the introduction of advanced methods such as dual-input interval type-2 fuzzy inference systems, which help adjust measurement noise and improve accuracy by over 63%, solidifies GNSS’s critical role in positioning technology. The availability of automotive-grade GNSS chipsets, now cost-effective and compact, has accelerated its adoption across the automotive sector, with more accurate and reliable systems becoming essential for the development of autonomous driving. As Level 2 vehicles, which can perform basic maneuvers under human supervision, move toward mainstream adoption, and Level 4 driverless vehicles take to public roads, GNSS continues to be an indispensable tool in ensuring the safe and efficient operation of these vehicles. This expansion of GNSS capabilities is not only enhancing autonomous driving but is also fueling the growth of the GNSS market as a cornerstone technology in the future of mobility.

GNSS Market Dynamics

Drivers

• The Expanding Role of GNSS in Meeting the Rising Demand for Location-Based Services

LBS, which enables the provision of services based on the geographic location of users, is now integral to numerous industries, from transportation to emergency services, and even retail. The evolution of GNSS technology has allowed for precise location tracking, facilitating real-time navigation, accurate mapping, and seamless integration with mobile apps. According to multiple sources, including EUSPA and GNSS.asia, the use of GNSS in LBS applications is expanding globally, with applications in sectors such as automotive, logistics, personal tracking, and disaster management. For instance, the integration of GNSS into smartphones has allowed for location-based apps to flourish, improving convenience and accessibility for users worldwide. Additionally, advancements in GNSS, such as the enhanced capabilities of multi-constellation systems, are helping LBS providers offer even greater accuracy and reliability, which is crucial for applications requiring high-precision tracking. The growing importance of 5G networks is further accelerating the adoption of LBS, as it enables faster, more efficient positioning services that are vital for modern applications such as smart cities, autonomous vehicles, and IoT. Demonstrating how GNSS technology can deliver real-time location data for a wide range of devices and services. The rising adoption of LBS across various industries, combined with technological advancements, is set to continue driving the growth of the GNSS market, making it an essential component of the global digital ecosystem.

Restraints

• Cybersecurity Threats Impeding the Growth and Reliability of GNSS Technology

The growing prevalence of cyberattacks targeting GNSS systems, including hacking, spoofing, and jamming, presents significant risks to the safety and reliability of these systems. For example, malicious actors can spoof GNSS signals, misleading autonomous vehicles or aircraft, resulting in safety concerns and operational disruptions. Additionally, the threat of jamming GNSS signals can disrupt navigation and timing systems, especially in high-precision-dependent environments like military operations and critical infrastructure. This vulnerability extends beyond traditional GNSS use cases and encompasses satellite-based applications and space infrastructure, which are increasingly becoming targets for cybercriminals. Reports from organizations like MSN and AFCEA underline the evolving sophistication of cyberattacks that exploit weaknesses in satellite and GNSS systems, stressing the urgent need for improved cybersecurity measures. Although efforts to mitigate these risks include the development of more robust security protocols and AI-powered defense strategies, the rapid pace of cyber threats demands ongoing innovation to stay ahead of malicious actors. To ensure the continued growth of the GNSS market, it is critical to focus on enhancing cybersecurity frameworks, preserving data integrity, and safeguarding vital systems from emerging threats.

GNSS Market Segmentation Outlook

By Type

The Global Constellations segment is dominating the GNSS market with a substantial share of around 44% in 2023. This dominance is driven by the extensive deployment of global satellite systems such as GPS (USA), GLONASS (Russia), Galileo (EU), and BeiDou (China). These constellations provide essential global coverage for navigation, timing, and geolocation, making them crucial for a wide range of applications, including autonomous vehicles, aviation, and maritime navigation. Their ability to deliver accurate and reliable signals worldwide is key to their leadership in the market. As satellite technologies advance, the global constellations segment is poised to continue dominating and expanding, contributing significantly to the growth and innovation in the GNSS market.

The Satellite-based Augmentation System (SBAS) segment is the fastest growing in the GNSS market over the forecast period from 2024 to 2032. SBAS enhances the accuracy, integrity, and reliability of GNSS signals by providing correction data from ground-based stations to improve satellite navigation. This system is increasingly crucial in sectors such as aviation, transportation, and precision agriculture, where high accuracy is required. The growing adoption of SBAS to support critical applications, including safety-critical operations and autonomous systems, is driving its rapid growth. Moreover, the integration of advanced technologies like AI and machine learning to further enhance the reliability and performance of SBAS solutions is expected to fuel its expansion in the coming years.

By Application

The Location-Based Services (LBS) segment is dominating the GNSS market, accounting for approximately 25% of the total market share in 2023. LBS leverages GNSS technology to provide users with accurate location information, enabling a wide range of applications such as navigation, real-time tracking, mapping, and geolocation services. The increasing reliance on smartphones, wearables, and IoT devices has significantly driven the growth of the LBS segment, as consumers demand real-time location data for personal, commercial, and logistical purposes. Furthermore, the rise of on-demand services, such as ride-hailing and food delivery, has also contributed to the expansion of LBS. LBS has become an integral part of industries like transportation, logistics, and tourism, offering businesses tools to improve operational efficiency, enhance customer experiences, and optimize routes. As advancements in GNSS technology continue, including the integration of multi-constellation GNSS systems and hybrid solutions that combine GPS, GLONASS, Galileo, and BeiDou signals, the accuracy and reliability of LBS are improving. The adoption of 5G networks further boosts LBS applications by offering faster data transfer speeds, enabling more precise location tracking, and enhancing user experiences in various sectors. With ongoing technological advancements and the growing need for efficient location services, the LBS segment is expected to maintain its dominance and continue expanding in the GNSS market over the forecast period.

The Agriculture segment is expected to be the fastest-growing segment in the GNSS market during the forecast period from 2024 to 2032. The increasing adoption of precision agriculture techniques is driving this growth, as GNSS technology plays a pivotal role in enhancing farming efficiency and productivity. By using GNSS-enabled equipment, farmers can accurately map fields, monitor crops, and optimize field operations such as planting, irrigation, and fertilization. This technology allows for real-time tracking of agricultural machinery, enabling automated processes and reducing labor costs. Moreover, GNSS technology helps in soil management, crop health monitoring, and yield prediction, offering farmers valuable insights to make data-driven decisions. The integration of GNSS with other technologies like drones, sensors, and IoT devices further improves the precision and effectiveness of farming practices. As the demand for sustainable farming and food security rises, the need for efficient resource management and high-yield farming solutions is accelerating, making the Agriculture segment one of the most promising areas for GNSS adoption.

GNSS Market Regional Analysis

In 2023, North America holds a dominant share of approximately 44% in the GNSS market, largely driven by its advanced technological infrastructure and high demand for GNSS applications across various industries. The United States and Canada lead the region, benefiting from significant investments in autonomous vehicles, aerospace, telecommunications, and defense sectors, all of which rely heavily on GNSS technology for precision navigation and positioning. The U.S. military's adoption of GNSS for defense and security purposes further boosts demand, while the growing interest in smart cities and IoT applications in the private sector propels innovation. The region is also a key player in satellite-based augmentation systems, enhancing GNSS accuracy. With the ongoing research and development efforts in both public and private sectors, North America continues to dominate the global GNSS market. Strong government support, such as funding for the modernization of GPS infrastructure and incentives for autonomous and connected vehicle advancements, ensures that North America maintains its leadership position in the GNSS market throughout the forecast period.

Asia-Pacific region is to be the fastest-growing region in the GNSS market over the forecast period from 2024 to 2032. This growth can be attributed to the region's rapid advancements in sectors like automotive technology, where autonomous vehicles are gaining traction, driving the need for high-precision GNSS systems. Additionally, the agricultural sector's increasing reliance on GNSS for precision farming further fuels market expansion. Infrastructure development in emerging economies is also a key factor, with governments investing in satellite systems and positioning services to improve logistics, navigation, and urban planning. Moreover, the adoption of GNSS technology in consumer electronics and mobile applications is expanding, especially in countries like China, India, and Japan. With these factors combined, Asia-Pacific is set to dominate the global GNSS market in the coming years.

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Key Players

Some of the Major Players in GNSS Market along with their Product:

• Qualcomm Inc. (U.S.) – GNSS chipsets, GPS receivers

• Texas Instruments Inc. (U.S.) – GNSS receivers, signal processors

• Trimble Inc. (U.S.) – GNSS receivers, software for surveying and mapping

• Rockwell Collins (U.S.) – GNSS receivers for aviation, military-grade GNSS products

• Broadcom Inc. (U.S.) – GNSS chipsets, GPS and GNSS receivers

• Hexagon AB (Sweden) – GNSS solutions for surveying, precision farming

• Furuno Electric Co. Ltd. (Japan) – Marine GNSS navigation systems, GPS receivers

• Laird Plc. (U.K.) – GNSS antennas, positioning solutions

• Cobham Plc. (U.K.) – GNSS products for defense, aviation applications

• L3Harris Corporation (U.S.) – Military GNSS receivers, tactical navigation systems

• Topcon Corporation (Japan) – GNSS receivers for construction and agriculture

• Garmin Ltd. (U.S.) – GNSS navigation systems for automotive and marine

• Septentrio (Belgium) – High-precision GNSS receivers, industrial solutions

• NavCom Technology, Inc. (U.S.) – GNSS receivers for agriculture and mapping

• Syntony GNSS (France) – GNSS simulation and testing equipment

List of Suppliers who provide that provide raw materials and components for the GNSS market:

• Murata Manufacturing Co., Ltd. (Japan)

• TDK Corporation (Japan)

• Broadcom Inc. (U.S.)

• Qualcomm Inc. (U.S.)

• Skyworks Solutions, Inc. (U.S.)

• STMicroelectronics (Switzerland)

• Analog Devices, Inc. (U.S.)

• NXP Semiconductors (Netherlands)

• Rohm Semiconductor (Japan)

• InvenSense Inc. (TDK) (U.S.)

Recent Development

• January 2025, Trimble, Qualcomm Partner to Deliver Precise Positioning for Automated VehiclesTrimble has extended its collaboration with Qualcomm Technologies to provide precise positioning solutions for automated vehicles. The integration of Trimble's ProPoint Go engine with Qualcomm’s Snapdragon Auto 5G Modem-RF Gen 2 aims for positioning accuracy within 10 cm, supporting Level.

• On November 2024, GNSS and Correction Services Add to Big Wins for Oil Companies Topographic Land Surveyors, Inc., based in Texas, relies heavily on GNSS services, such as Trimble R10 GNSS Receivers and CenterPoint RTX correction service, to support oil and gas industries across multiple states. Today, 95% of their work is GNSS-based, enhancing accuracy and efficiency in land surveying for tasks like staking wells and laying pipelines.