Global GNSS IC Market Size & Share Analysis - Growth Trends & Forecast (2025 - 2032)

Market Research Store has published a report on the global GNSS IC market, estimating its value at USD 5.08 Billion in 2024, with projections indicating it will reach USD 9.50 Billion by the end of 2032. The market is expected to expand at a compound annual growth rate (CAGR) of around 8.14% over the forecast period. The report examines the factors driving market growth, the obstacles that could hinder this expansion, and the opportunities that may emerge in the GNSS IC industry. Additionally, it offers a detailed analysis of how these elements will affect demand dynamics and market performance throughout the forecast period.

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GNSS IC Market: Overview

The growth of the GNSS IC market is fueled by rising global demand across various industries and applications. The report highlights lucrative opportunities, analyzing cost structures, key segments, emerging trends, regional dynamics, and advancements by leading players to provide comprehensive market insights. The GNSS IC market report offers a detailed industry analysis from 2024 to 2032, combining quantitative and qualitative insights. It examines key factors such as pricing, market penetration, GDP impact, industry dynamics, major players, consumer behavior, and socio-economic conditions. Structured into multiple sections, the report provides a comprehensive perspective on the market from all angles.

Key sections of the GNSS IC market report include market segments, outlook, competitive landscape, and company profiles. Market Segments offer in-depth details based on Type, Device, Application, End Use, and other relevant classifications to support strategic marketing initiatives. Market Outlook thoroughly analyzes market trends, growth drivers, restraints, opportunities, challenges, Porter’s Five Forces framework, macroeconomic factors, value chain analysis, and pricing trends shaping the market now and in the future. The Competitive Landscape and Company Profiles section highlights major players, their strategies, and market positioning to guide investment and business decisions. The report also identifies innovation trends, new business opportunities, and investment prospects for the forecast period.

Key Highlights:

• As per the analysis shared by our research analyst, the global GNSS IC market is estimated to grow annually at a CAGR of around 8.14% over the forecast period (2025-2032).
• In terms of revenue, the global GNSS IC market size was valued at around USD 5.08 Billion in 2024 and is projected to reach USD 9.50 Billion by 2032.
• The market is projected to grow at a significant rate due to rising need for precise navigation in automotive and wearable devices fuels gnss ic growth.
• Based on the Type, the GNSS Receivers segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• On the basis of Device, the Smartphones segment is anticipated to command the largest market share.
• In terms of Application, the Navigation segment is projected to lead the global market.
• By End Use, the Automotive segment is predicted to dominate the global market.
• Based on region, Asia Pacific is projected to dominate the global market during the forecast period.

GNSS IC Market: Report Scope

This report thoroughly analyzes the GNSS IC market, exploring its historical trends, current state, and future projections. The market estimates presented result from a robust research methodology, incorporating primary research, secondary sources, and expert opinions. These estimates are influenced by the prevailing market dynamics as well as key economic, social, and political factors. Furthermore, the report considers the impact of regulations, government expenditures, and advancements in research and development on the market. Both positive and negative shifts are evaluated to ensure a comprehensive and accurate market outlook.

GNSS IC Market: Dynamics

Key Growth Drivers

The GNSS IC market is experiencing robust growth driven primarily by the ubiquitous adoption of location-based services (LBS) across diverse sectors, including ride-hailing, food delivery, logistics, and personal navigation, all of which heavily rely on accurate real-time positioning. The accelerated deployment of autonomous vehicles (AVs) and advanced driver-assistance systems (ADAS) in the automotive industry necessitates highly precise and reliable GNSS ICs for navigation, tracking, and safety-critical functions. The proliferation of IoT (Internet of Things) devices in smart cities, agriculture (precision farming), asset tracking, and wearables is creating a vast demand for compact, low-power, and accurate GNSS solutions for various connected applications. Furthermore, the continuous advancements in GNSS technology, including multi-frequency and multi-constellation support, signal processing enhancements, and miniaturization, are making GNSS ICs more versatile and appealing for integration into a broader range of devices.

Restraints

Despite the compelling growth drivers, the GNSS IC market faces several significant restraints. Signal interference and jamming, particularly in urban canyons or hostile environments, can degrade GNSS signal quality and reliability, impacting the accuracy and continuity of positioning data. The inherent dependence on satellite availability and signal strength means that GNSS performance can be compromised indoors, underground, or in areas with dense foliage, limiting its universal applicability without augmentation. Additionally, the high cost associated with developing and integrating high-precision, multi-constellation GNSS ICs, especially for applications requiring sub-meter or centimeter-level accuracy, can be a barrier for mass-market adoption in price-sensitive consumer electronics or certain industrial applications.

Opportunities

The GNSS IC market presents numerous opportunities for innovation and expansion. The development of software-defined GNSS receivers offers greater flexibility, customization, and upgradability, allowing for easier adaptation to evolving GNSS standards and new applications. The increasing integration of GNSS ICs with other complementary positioning technologies, such as Inertial Navigation Systems (INS), Wi-Fi, and cellular (e.g., 5G), provides robust and seamless positioning even in GNSS-denied environments, enhancing overall reliability and accuracy. The growing demand for specialized GNSS solutions for emerging applications like drone navigation, unmanned aerial vehicles (UAVs) for surveying and logistics, and real-time kinematic (RTK) corrections for high-precision mapping and construction, creates lucrative niche markets. In India, the rapid digitalization, significant investments in infrastructure development (e.g., smart cities, national highways), the burgeoning e-commerce and logistics sectors, and the development of indigenous GNSS constellation NavIC are creating substantial opportunities for GNSS ICs, particularly for cost-effective solutions that support multi-constellation operation including NavIC for enhanced accuracy and reliability in the region.

Challenges

The GNSS IC market faces critical challenges related to ensuring robust security against spoofing and jamming attacks, which can compromise positioning integrity and have severe implications for safety-critical applications like autonomous vehicles and defense systems. Overcoming the technical complexities of achieving precise and real-time positioning in dynamic and challenging environments (e.g., urban areas with multipath propagation) while minimizing power consumption and chip size remains an ongoing engineering hurdle. Navigating the competitive landscape dominated by a few major semiconductor players requires continuous innovation, differentiation through performance, integration, and cost-effectiveness, and strategic partnerships. Lastly, the continuous evolution of satellite constellations, signal structures, and regulatory requirements demands that GNSS IC manufacturers rapidly adapt their designs and algorithms to ensure optimal compatibility, performance, and compliance with global and regional standards.

GNSS IC Market: Segmentation Insights

The global GNSS IC market is segmented based on Type, Device, Application, End Use, and Region. All the segments of the GNSS IC market have been analyzed based on present & future trends and the market is estimated from 2024 to 2032.

Based on Type, the global GNSS IC market is divided into GNSS Receivers, GNSS Transmitters, GNSS Antennas.

On the basis of Device, the global GNSS IC market is bifurcated into Smartphones, Wearables, Automotive Navigation, UAVs/Drones, Surveying Equipment.

In terms of Application, the global GNSS IC market is categorized into Navigation, Mapping, Timing & Synchronization, Asset Tracking.

Based on End Use, the global GNSS IC market is split into Automotive, Aerospace & Defense, Agriculture, Consumer Electronics, Marine.

GNSS IC Market: Regional Insights

The Asia-Pacific (APAC) region dominates the global GNSS IC (Global Navigation Satellite System Integrated Circuit) market, accounting for the largest revenue share due to rapid adoption of smartphones, automotive navigation systems, and IoT devices. China is the primary driver, fueled by its strong semiconductor manufacturing base, government support for BeiDou (China’s indigenous GNSS), and high demand for location-based services in logistics and mobility. According to recent market data (2024), APAC held over 45% of the global GNSS IC market share, with projections of sustained growth due to expanding 5G networks, autonomous vehicles, and drone applications. North America and Europe follow, led by the U.S. and Germany, with advanced R&D in precision agriculture and defense applications. However, APAC remains the dominant force, supported by cost-competitive production and increasing investments in smart infrastructure.

GNSS IC Market: Competitive Landscape

The GNSS IC market report offers a thorough analysis of both established and emerging players within the market. It includes a detailed list of key companies, categorized based on the types of products they offer and other relevant factors. The report also highlights the market entry year for each player, providing further context for the research analysis.

The "Global GNSS IC Market" study offers valuable insights, focusing on the global market landscape, with an emphasis on major industry players such as;

• Quectel Wireless Solutions
• u-blox
• Furuno Electric
• Intel Corporation
• Broadcom
• Mediatek
• Navika Electronics
• STM
• Qualcomm

The Global GNSS IC Market is Segmented as Follows:

By Type

• GNSS Receivers
• GNSS Transmitters
• GNSS Antennas

By Device

• Smartphones
• Wearables
• Automotive Navigation
• UAVs/Drones
• Surveying Equipment

By Application

• Navigation
• Mapping
• Timing & Synchronization
• Asset Tracking

By End Use

• Automotive
• Aerospace & Defense
• Agriculture
• Consumer Electronics
• Marine

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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