GNSS IC Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

The global GNSS IC market reached around USD 230.65 Billion in 2024. The market is projected to grow at a CAGR of 10.20% between 2025 and 2034 to reach nearly USD 609.21 Billion by 2034.

Global GNSS IC Market Growth

The demand for air transport is projected to grow at an average rate of 3% annually over the next two decades. If this anticipated growth materialises, the air transport sector could contribute $1.7 trillion to the global GDP by 2038. The flourishing aviation sector and rising demand for air travel are significantly propelling the necessity for GNSS IC. As air traffic volumes rise and evolve, the need for precise navigation and real-time data becomes essential for effective flight management and safety. GNSS IC plays a vital role in sophisticated avionics systems, offering accurate positioning, collision avoidance, and improved communication capabilities. This demand is further amplified by technological advancements in aircraft, such as autonomous systems and next-generation air traffic control, which require high-performance GNSS solutions to guarantee reliability, safety, and operational efficiency in the rapidly expanding aviation sector.

In 2023, global car sales reached nearly 90 million units, an increase from 81 million in 2022, marking the highest figure since 2019. In China, auto sales climbed to 30.1 million units, reflecting an 11.9% rise compared to the previous year. The four largest European markets Germany, France, Italy, and Spain also experienced growth in new passenger registrations, with France, Italy, and Spain each reporting increases exceeding 16%. The growing demand for vehicles, especially those featuring advanced navigation and safety technologies, is a significant factor propelling the market. Contemporary vehicles are increasingly integrating GNSS technology to provide accurate navigation, real-time traffic information, and driver-assistance capabilities.

Key Trends and Developments

Increasing adoption of navigation systems, expansion of the automotive sector, rising demand for enhanced connectivity, and proliferation of IoT devices are the major trends impacting the global GNSS IC market expansion

May 2024

Hubble Network, a space technology firm located in the United States, accomplished a groundbreaking feat by establishing a direct Bluetooth connection with a satellite positioned over 600 kilometres from Earth. This significant advancement paves the way for millions of devices to connect globally, independent of cellular network availability.

April 2024

SpaceX, a United States-based manufacturer of spacecraft, provider of launch services, and satellite communications firm, successfully launched Galileo GNSS satellites from the Kennedy Space Centre located in Florida.

May 2024

Net Insight and ACES expanded their collaboration to establish a GNSS-independent time synchronisation framework in Saudi Arabia. In this initiative, ACES will allocate resources towards a pilot system designed to demonstrate GNSS-independent 5G synchronisation throughout the Kingdom.

Increasing Adoption of Navigation Systems

The increasing adoption of GNSS technology across various consumer and industrial sectors is significantly driving the demand for GNSS integrated circuits. This trend is particularly evident in the realm of smartphones, where GNSS capabilities have become a standard feature, enabling users to access location-based services, navigation applications, and enhanced connectivity.

Expansion of the Automotive Sector

The rapid advancement of technology in the automotive sector has led to the development of sophisticated driver-assistance systems (ADAS) and self-driving vehicles. These innovations are designed to enhance the driving experience, improve safety, and reduce the likelihood of accidents.

Rising Demand for Consumer Electronics

The increasing popularity of GPS-enabled consumer electronics, such as fitness trackers and smartwatches, is significantly driving the growth of the market. As more consumers seek devices that offer precise location tracking and navigation capabilities, the demand for GNSS technology is surging.

Increasing Demand for Data Accuracy and Improved Connectivity

The increasing demand for enhanced connectivity and the necessity for real-time data access across various sectors are driving significant advancements in GNSS integrated circuit technology. As sectors such as transportation, agriculture, logistics, telecommunications, and smart cities evolve, they require more precise and reliable positioning and timing information to optimise their operations.

Expansion of IoT Applications

The rapid proliferation of IoT devices is significantly reshaping various sectors and urban environments. Among these devices, tracking systems and smart city solutions are particularly noteworthy, as they rely heavily on accurate location data to function effectively. This growing reliance on precise positioning has led to a heightened demand for GNSS IC.

Global GNSS IC Industry Segmentation

The EMR’s report titled “Global GNSS IC Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Device Type:

• Smartphones
• Tablets and Wearables
• Personal Tracking Devices
• In-vehicle Systems
• Drones
• Others

Market Breakup by End Use:

• Automotive
• Consumer Electronics
• Aviation
• Others

Market Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global GNSS IC Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is projected to grow at a CAGR of 11.8% between 2025 and 2034 due to the robust growth of the aviation and automotive sectors in the region.

Leading Companies in the Global GNSS IC Market

Major players are focusing on the adoption of advanced technologies to gain a competitive edge in the market.

• MediaTek Inc.
• Qualcomm Inc
• Broadcom Inc.
• STMicroelectronics NV
• Intel Corporation
• Sony Group Corp.
• u-blox AG
• Furuno Electric Co., Ltd.
• Quectel Wireless Solutions Co., Ltd.
• Skyworks Solutions, Inc.
• Others