GPS and GNSS Receiver Market Size, Share, By Type, Application, and By Region - Trends, Analysis and Forecast till 2035

• GPS and GNSS receiver market size was at USD 2.2 Billion in 2024.
• The target market is expected to grow by USD 4.8 Billion up to 2035.
• Target market is expanding at a CAGR of 8.8%.

Market Overview:

Global Navigation Satellite System (GNSS) is a satellite based network, which are responsible for the satellite positioning. Global Positioning System (GPS) is an application of GNSS used to track the positioning of a continuously moving entity. Target Market is driven by navigation, security and target tracking as well as growing demands in military and civilian aircrafts. In addition, widening base of social media users and increasing number of GPS-enabled applications to share their real time locations are another factors propelling growth of the global market.

Furthermore, rapid advancement in technical features which increases the efficiency and cost-effectiveness of production is also anticipated to create opportunities for growth of the global market over the forecast period. However, lack of network infrastructure in underdeveloped areas and accuracy of location are poised to restrict the market from realizing its utmost potential. 

Key Takeaways:

• The largest share of the market in 2024 was held by North America due to increasing adoption and widespread usage of GNSS and GPS.
• Asia Pacific is expected to fastest-growing market in the coming years owing to increasing demand for new aircraft.

Key Drivers of Target Market:

Widespread Military Uses is Driving the Market Growth

GPS was initially developed for military use and continues to be operated by the U.S. Department of Defense. The military use of GPS includes navigation, targeting, and timing for military operations. GNSS systems, such as GLONASS and BeiDou, were also developed for military use and are operated by their respective countries’ armed forces.

• For Instance, in November 2024, Satellite manufacturer Astrains announced that it is teaming up with navigations startup Xona Space Systems to compete for a U.S. Space Force contract aimed at developing a backup to the military’s GPS system.

Restraints:

Signal Interference May Hinder Market Expansion

GPS and GNSS signals can be interfered due to number of factors including jamming, spoofing, atmospheric conditions, physical obstructions like buildings, trees, or hills, electronic interference which hampers the GPS and GNSS receiver market growth.

• Counterbalance Statements: There are several solutions to overcome issues such as signal interference i.e. use of high-quality antenna, horizon-blocking antenna, multiple navigation sensors, and among others. 

Opportunities:

New Innovations and Technological Advancements will Create Significant Opportunities in Upcoming Years

The future of GPS and GNSS technology is constantly evolving with new developments and advancements, which are being made to improve accuracy, availability, and functionality. Some of the major developments in the field are integration of different GNSS systems to create a multi-constellation system, integration of augmentation systems, and the use of 5G technology, among others.

• For instance, in September 2024, CHC Navigation (CHCNAV) has introduced the i83 Pro, a versatile IMU-RTK GNSS receiver. Combining advanced GNSS capabilities with enhanced compatibility options to deliver superior performance, the i83 Pro is designed to meet the diverse needs of surveying, construction, and mapping professionals. CHCNAV is a leading provider of geospatial technologies

The GPS and GNSS Receiver Market is segmented based on type, application, and region. 

Type:

Based on type, the GPS and GNSS receiver market is categorized into wired receivers, and wireless receivers. Among these, the wired receivers segment is expected to dominate over the forecast period as it can be tracked in real-time for 23hrs without the gadget running out of power and falling.

• For Instance, in September 2024, Quectel Wireless Solutions, a global IoT solutions provider, announced the launch of the Quectel QLM29H range of dual-band, multi-constellation receivers. Designed for easy integration, the QLM29H combines the LC29H GNSS module and an integrated GNSS patch antenna to simplify RF design. It supports dual-band L1 and L5 signals, providing excellent multipath mitigation, especially in challenging environments such as urban canyons, where high-precision positioning is critical.

Application:

By application, the GPS and GNSS Receiver Market is segmented into automobiles, aviation, industrial machinery, maritimes, mining, telecommunication, agriculture, and others. The automobiles segment dominate the market due to their wide usage in commercial and consumer vehicles, constant improvement of their infrastructure, cost-effectiveness, advanced features, such as real-time traffic updates, advance tolling system, voice commands, and route optimization.

• For Instance, in September 2024, The Indian Ministry of Road Transport and Highways has announced a brand-new GNSS-based toll collection system that charges based on how far passenger drive and offers benefits like toll-free travel for up to 20 kilometers. 

Region:

Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America: North America is expected to dominate the growth of the market during forecast period as it has top and unchallenged military force in the world due to the presence of 1,388,000 fighters in the armed forces.  

• For Instance, in May 2024, Global navigation satellite system (GNSS) technology developer oneNav announces the launch of L5-direct, a new GNSS product category capable of directly acquiring and tracking L5-band signals.

Asia Pacific: Asia Pacific is considered to be the fastest growing region in the target market due to increasing demand for new aircraft, especially from countries such as China, and India, increasing expenditure, etc. 

• For Instance, in June 2023, u-blox a global provider of leading positioning and wireless communication technologies and services, and Tallysman Wireless Inc., a leading global manufacturer of GNSS antenna and RF solutions, announced that they have signed a design partner agreement for the development of next generation PointPerfect PPP-RTK augmented smart antennas which is available in North America, Europe and parts of Asia Pacific

GPS and GNSS Receiver Market Report Scope:

Segments Covered in the Report:

Segmentation:

By Type:

• Wired Receivers
• Wireless Receivers

By Application: 

• Automobiles
• Aviation
• Industrial Machinery
• Maritimes
• Mining
• Telecommunication
• Agriculture
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Spain
  • Netherland
  • Switzerland
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Company Profile:

The key players operating in the GPS and GNSS receiver market include Trimble Inc., FURUNO ELECTRIC CO., LTD., ComNav Technology, Hexagon AB, Broadcom, and among others. These key players focusing on various strategies such as partnership, agreement, and product launch, among others for expanding their product portfolio and strengthen their market presence globally.

• In November 2024, Aerodata AG has been granted a Supplemental Type Certificate (STC) by the European Union Aviation Safety Agency (EASA) for its advanced GPS anti-jamming and anti-spoofing solution. The certification applies to installations integrated with Garmin 5000 avionics in a Cessna Citation Latitude jet.
• In November 2024, Astranis has been selected as one of four prime contractors for the U.S. Space Force (USSF) Space Systems Command’s (SSC) new Resilient GPS (R-GPS) program. This initiative aims to augment the existing GPS constellation with small, low-cost satellites to enhance resilience for both military and civil users. 
• In November 2024, The National Standards Authority of Ireland’s National Metrology Laboratory has launched Europe’s first verified GPS/GNSS Data Stream (VGDS) service, designed to enhance the National Timing Grid of Ireland. This initiative, developed in collaboration with Timing Solutions, seeks to provide users with secure and reliable GNSS data.
• In October 2024, The European Union Agency for the Space Programme (EUSPA) has awarded GMV a six-year framework contract to upgrade the European GNSS Service Centre (E-GSC) infrastructure. The contract is valued at €35 million ($39 million).

Analyst View:

The industry is placed for substantial growth due Navigation, security and target tracking, growing demands in military and civilian aircrafts, widening base of social media users and increasing number GPS-enabled applications to share their real time locations. New innovations and development, advance technologies, and many collaborations and partnerships helps to boost the growth of the market in upcoming years.

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• Trimble Inc.
• FURUNO ELECTRIC CO., LTD.
• ComNav Technology
• Hexagon AB
• Qualcomm Technologies, Inc.
• Broadcom
• Evelta Electronics
• MiTAC Holdings Corp.
• TomTom International BV
• Collins Aerospace
• Texas Instruments Incorporated
• Garmin Ltd.
• ORBCOMM
• Geotab Inc.