GNSS Chips and Modules Market is expected to reach US$ 12.44 Billion by 2031

Global GNSS Chips and Modules Market Forecast to 2031: Key Insights

According to our latest study on "Global GNSS Chips and Modules Market – Global and Regional Share, Trend, and Growth Opportunity Analysis – by Type, End User, Application, Precision Levels, Device, and Geography," the market was valued at US$ 7.20 billion in 2024 and is projected to reach US$ 12.44 billion by 2031; it is expected to register a CAGR of 8.4% during 2025–2031. The market is experiencing strong growth, driven by the increasing integration of low-power GNSS modules in consumer electronics. With a surge in wearable technology, including smartwatches and fitness bands, GNSS chips are embedded to deliver precise, real-time location data.

The GNSS chips and modules market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Galileo Public Regulated Service (PRS) is a satellite navigation system that is safe and encrypted and is one of the services provided by the EU's Galileo GNSS. While the Open Service and the Commercial Service differ from PRS, the latter is designed as a service for authorized government users only, which means that highly resilient and dependable PNT capabilities are required. Leonardo has been a part of the G2S PRS (Galileo Ground Segment – Public Regulated Service) mission since October 2024, working on the development of a special localization, navigation, and synchronization function in the Galileo system. This service is targeted to authorized users who are members of the governments of the EU countries. This service supports operations that require high continuity, such as those carried out by defense forces, emergency services, healthcare providers, search and rescue teams, police, coast guards, and civil protection agencies.

GNSS Chips and Modules Market

Countries in Europe are focusing on building navigation systems. In July 2024, the European Satellite Services Provider (ESSP, the EGNOS Service Provider operator) and the German Armed Forces signed an EGNOS Working Agreement (EWA). Consequently, the deployment of EGNOS-based procedures is progressing toward practical application. The German Armed Forces, responsible for national airspace security and the management of air transport operations, will utilize the EGNOS Safety of Life Service to enhance their navigation capabilities, particularly for precision approaches and landings under challenging operational conditions. Such factors enable Europe to hold significant GNSS chips and modules market share. 

Rising Demand for 5G Network and High-Speed Internet Drives Global GNSS Chips and Modules Market Growth

In cellular communication, positioning is instrumental in providing mobile network operators with different methods for identifying a user's location, varying in reliability. The users' devices are accurately positioned using GNSS. Mobile network operators have revealed that 5G networks will be installed in metropolitan regions.

One significant development in the Indian telecom sector was Vodafone Idea (Vi)'s announcement to introduce 5G services in India, made public in February 2024. The rollout of the services across the nation is anticipated to happen within the subsequent 6-7 months. In April 2023, Telco took the next step by launching 5G services for prepaid users in Mexico, following its announcement that over 68 million prepaid customers could now access its 5G network. More than 80 million Telcel customers will be able to enjoy the advantages of the new technology.

The Quectel L26-T module can provide timing accuracy of up to 6.8 nanoseconds, meeting the strict timing synchronization requirements of 5G networks. The GNSS chips and modules market growth is driven by the rising demand for 5G networks and high-speed internet, which have significantly enhanced the performance and capabilities of location-based services.

Global GNSS Chips and Modules Market: Segmental Overview

By application, the global GNSS chips and modules market is segmented into navigation and location-based services, mapping and surveying, telematics, timing and synchronization, search and rescue, and others. The navigation and location-based services segment held the largest GNSS chips and modules market share in 2024. Navigation and Location-based (LBS) applications utilize consumer and commercial devices, including smartphones, wearables, in-vehicle infotainment systems, and portable navigation units. They are integrated into products wherever possible. GNSS is the basis for all on-demand real-time positioning, route guidance, geofencing, and other personal mobility and business logistics services.

Global GNSS Chips and Modules Market Analysis: Competitive Landscape and Key Developments

The global GNSS chips and modules market report highlights the key factors driving the market and the development of prominent players. Qualcomm Inc.; STMicroelectronics N.V.; Broadcom Corporation; Intel Corporation; Furuno; Unicore Communications; Trimble Autonomy; U-Blox; Hexagon-Novatel; LOCOSYS Technology Inc.; Airoha Technology Corp.; Sony Semiconductor Solutions Corporation; Quectel Wireless Solutions Co Ltd; ComNav Technology Ltd.; and Protempis, LLC are among the prominent players profiled in the global GNSS Chips and Modules market report. prevailing business opportunities.

• In March 2025, ComNav Technology Ltd. (ComNav) hosted a product launch event, officially unveiling its latest innovations. These GNSS products are designed to raise industry benchmarks, ignite creativity, and propel performance to new heights, showcasing ComNav’s leadership in technological innovation while delivering more efficient solutions to users worldwide.
• In March 2025, u-blox announced the launch and availability of its all-band GNSS module, the ZED-X20P. It is designed to deliver centimeter-level precision location to the mass market at a cost up to 90% less than traditional solutions.

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