Authored By: Sarah
11 Jul 2024

 GNSS Devices Market to grow by USD 32.1 billion between 2024-2028

According to a research report “ GNSS Devices Market” by End-user (Consumer electronics, Automotive and transportation, Military and defense, Others) Product (Smartphones, Tablets and wearables, In-vehicle systems, Personal tracking devices, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 32.1 billion at a CAGR of  9.52% during the forecast period. The European Commission's mandate for satellite and Wi-Fi location services in new smartphones, which requires the use of GNSS chipsets, is driving market growth for GNSS devices. Over 95% of satellite navigation chipsets, including those from Broadcom, Qualcomm, and MediaTek, support the European Union's Galileo Satellite System. This system provides precise positioning and timing data, making Galileo-ready chipsets a priority for top suppliers and major smartphone manufacturers. Consequently, the GNSS devices market is poised for expansion during the forecast period..

Browse market data tables, figures, and in-depth TOC on “GNSS Devices Market” by End-user (Consumer electronics, Automotive and transportation, Military and defense, Others) Product (Smartphones, Tablets and wearables, In-vehicle systems, Personal tracking devices, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028.

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By End-user, the Consumer electronics segment is projected to dominate the market size in 2024.

The Global Navigation Satellite System (GNSS) chips market is thriving due to their integration into smartphones for advanced location-based services and navigation systems. These chips, which utilize signals from multiple GNSS constellations, enable precise positioning and fuel applications such as navigation, mapping, social networking, and targeted advertising. Key players in this sector include Qualcomm, Broadcom, and MediaTek. With the increasing adoption of autonomous vehicles and the demand for sophisticated location-based services, market growth is projected to continue.

By Product, Smartphones  segment is expected to hold the largest market size for the year 2024.

The GNSS devices market in consumer electronics has witnessed robust growth, catering to the diverse positioning, navigation, and tracking needs of individual consumers. Consumer electronics, such as mobile phones, tablets, wearables, and personal navigators, have integrated GPS technology to enhance functionality. Market expansion is fueled by factors including increasing consumer preference for location-based services and the proliferation of IoT devices.

APAC is forecasted to hold the largest market size by region in 2024.

The APAC region dominates the global GNSS devices market in 2023, driven by significant contributions from South Korea, Japan, and China. The market's expansion is fueled by the increasing demand for location-based services and GPS-enabled devices. Notably, the automotive sector's adoption of advanced GPS technology for autonomous vehicles and the proliferation of connected devices, such as smartphones and wearable technology, are key growth drivers. Anticipated market expansion is further bolstered by the rising demand for GPS technology across various sectors, including transportation, navigation, and mapping.

The GNSS Devices Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Beijing UniStrong Science and Technology Co. Ltd.
  • Broadcom Inc.
  • ComNav Technology Ltd.
  • Furuno Electric Co. Ltd.
  • Garmin Ltd.
  • Hexagon AB
  • Intel Corp.
  • L3Harris Technologies Inc.
  • MediaTek Inc.
  • NavtechGPS Inc.
  • Osmose Utilities Services Inc. 
  • Qualcomm Inc.
  • Raytheon Technologies Corp.
  • SkyTraq Technology Inc.
  • STMicroelectronics International N.V.
  • Texas Instruments Inc.
  • The GEO Group Inc.
  • TOPCON CORP.
  • Trimble Inc.
  • u blox AG
.

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Research Analysis Overview

The Global Navigation Satellite System (GNSS) devices market encompasses a wide range of technologies, including those used in cyber-secure consumer electronic devices, precision agriculture, unmanned vehicles, and driverless technologies. The initial cost of implementing GNSS devices in these industries can be substantial due to the requirement for 5G-capable infrastructure and interoperability with various frequency band signals. However, the long-term benefits, such as improved navigation satellite system performance and access to big data, make these investments worthwhile. The maritime navigation sector, which relies heavily on GNSS data for location-based services, is a significant market for GNSS devices. The space industry, including satellite services and satcom networks, also plays a crucial role in the market's growth. Defense and homeland security applications are also driving demand for advanced GNSS devices, as they require high levels of accuracy and reliability. The constellation of satellites used in GNSS systems is a critical component of the market. These satellites provide essential services to various industries, including agriculture, maritime navigation, and defense. Cyber-attacks on GNSS systems can have severe consequences, making cybersecurity a top priority for manufacturers and users alike. Overall, the GNSS devices market is poised for significant growth as the demand for precise location data continues to increase.

Market Research Overview

The Global Positioning System (GPS) and other Global Navigation Satellite Systems (GNSS), including BeiDou, GLONASS, Galileo, and GPS, play a crucial role in various industries such as infrastructure monitoring, mine surveying, machine control applications, construction surveying, cadastral surveying, smart mobility, aviation, maritime, road, and rail. These systems provide essential timing synchronization and location-based services for cyber-attack prevention, military applications, electronic industry, and 5G-capable infrastructure. GNSS devices market encompasses consumer electronic devices like precision agriculture unmanned vehicles, driverless technologies, 5G-capable infrastructure, personal convenience apps, gaming apps, fitness devices, tablets, digital cameras, tracking devices, and weather forecasting applications. These devices rely on GNSS data for real-time traffic updates, revenue streams, and customized solutions. Satellite constellations, technology degradation, and spectrum management are critical factors in the GNSS devices market. The market faces challenges from accidental interference, spoofing, and intentional jamming, affecting dependability and location accuracy. Satcom services, satellite networks, and mega-constellations contribute to the space-based navigation platform, offering data analytics, artificial intelligence, and big data processing capabilities. Investments in satellite services, satellite networks, and constellation of satellites continue to grow in the space industry, catering to various sectors like marine, defense, homeland security, and Satellite Navigation System. The market's future potential lies in autonomous delivery, mapping, military missions, and surveying applications.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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