The global GNSS IC market size is projected to reach USD 645.0 million by 2032. It is anticipated to exhibit steady growth at a CAGR of 6.0% from 2022 to 2032. The global market exceeded a valuation of around USD 361.0 million in 2022.
The term ‘global navigation satellite system’ (GNSS) primarily applies to a specific international cluster of satellites. These satellites broadcast location & timing information to GNSS receivers and send signals from space.
Following that, these receivers combine this data with information from numerous sensors to determine a number of variables, including location, speed, and altitude.
Such processors rely heavily on satellites in the visible range for their precision and accuracy. In order to improve navigation and mapping, several nations are ready to deploy regional constellations.
However, only five nations, namely, Japan, India, the USA, Russia, and China, as well as the European Union, have their own GNSS systems on the market.
Users of GNSS are accustomed to near-instantaneous position sharing rates.
Standard placement frequently makes this impossible as a minimum of four celestial bodies must be found and their entire data must be obtained. Data transmission and reception might take seconds, days, or even fail in hostile situations or with weak signals.
To the advantage of several internet of things (IoT) applications, efficiency can be enhanced for the GNSS systems. It can be done by fusing data from wireless network cells with that from GNSS receivers.
A significant market growth for low-power devices such as GNSS chips is anticipated by Future Market Insights (FMI). This is due to the rising share of consumer products with location and navigation functionalities. Technologically sophisticated functional electronics are trending today.
About 50% of people on the planet currently use tech-forward wearables such as exercise bands and smartwatches.
These devices include several GNSS chips to provide the user with precise locations even whether they are walking, running, or driving. It enables them to maintain contact with their loved ones.
| Attributes | Key Insights |
|---|---|
| GNSS IC Market Estimated Size (2022E) | USD 361.0 million |
| Projected Market Valuation (2032F) | USD 645.0 million |
| Value-based CAGR (2022 to 2032) | 6.0% |
| USA Value-based CAGR (2022 to 2032) | 4.8% |
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The global GNSS IC market is likely to exhibit considerable growth at a CAGR of 6.0% from 2022 to 2032. As per Future Market Insights (FMI), the global market showcased a steady CAGR of 6.9% in the historical period from 2017 to 2021.
The smartphone sector has been at the forefront of incorporating GNSS technology in recent years. Currently, over nine out of ten smartphones will have GPS capabilities.
It can be safely projected that these gadgets would greatly increase the global market revenue.
Users might get text & voice-guided directions, information on sites of interest, and real-time position monitoring with the use of embedded mapping services and GPS devices in smartphones.
Over the projection period, market expansion is anticipated to be boosted by increasing mobile phone users, particularly in Asia Pacific.
It is predicted that the global smartphone industry will ship a lot more units over the forecast period, which will support development of the technology.
As consumer items become available with location and navigational capabilities, a significant need for low-power GNSS processors is predicted by 2032. The GNSS chip is highly market-capable owing to its higher precision and a bigger number of satellites than GPS, which just offers position.
Businesses that make GNSS chips are concentrating on raising the sensitivity of indoor signals to get more accurate results. This new development will help to push GNSS chip sales in the forecast period.
Principal Consultant
Increasing Demand for Smartphones in the USA to Fuel Sales of GNSS Modules
The USA GNSS IC market is expected to be worth USD 101.8 million by 2032. It is anticipated to create an absolute dollar growth of USD 38.1 million in the next ten years.
The USA exhibited steady growth at a CAGR of 3.8% from 2017 to 2021. It is likely to expand at a CAGR of 4.8% from 2022 to 2032.
Shipments of smartphones continue to outpace those of devices with GNSS processors. This is despite the fact that established markets such as the USA have experienced significant saturation.
GNSS chips have been utilized by smartphones for a long time.
Most of the time, these chips are compatible with all openly accessible satellite networks, including GPS, GLONASS, Galileo, and others. However, these approaches were less precise than specialized navigation tools.
GNSS chip installations also have a limited range due to a certain level of dominance in the mobile phone hardware industry.
Since they are Qualcomm's main competitors, Broadcom GNSS chips frequently do not appear in Qualcomm hardware, and vice versa. This situation has been altering but only recently.
Need for Navigation Services in China to Augment Demand for GPS Modules
China GNSS IC market is likely to be worth USD 161.3 million by 2032. It is projected to create an absolute dollar growth of USD 82.3 million in the estimated time frame.
China exhibited considerable growth at a CAGR of 9.0% from 2017 to 2021. It is expected to expand at a CAGR of 7.4% from 2022 to 2032.
In June 2022, LC76G, a high-performance single-band ultra-low power GNSS positioning module was introduced by Quectel. The LC76G has a built-in SAW filter and an integrated LNA.
It can be immediately connected to a passive patch antenna and provides for a filter against unwanted interference.
This provides for an excellent performance even when driving through busy urban canyons. The LC76G module supports integrated AGNSS technology EPOTM, which reduces the time to first fix (TTFF).
A cold start might obtain exact tracking fixes in 15 seconds whereas a hot start can do it in less than one second. It is now possible to utilize precise location and navigation services wherever, anytime, with a smaller power budget than before.
Launch of New Technologies in Japan to Pave the Way for GNSS Receiver Manufacturers
Japan GNSS IC market is predicted to cross a valuation of around USD 99.3 million by 2032. It is anticipated to create an incremental opportunity of USD 44.9 million in the forecast period.
The Japan market exhibited growth at a CAGR of 7.1% from 2017 to 2021. It is expected to elevate at a CAGR of 6.2% from 2022 to 2032.
In September 2022, the most cutting-edge global timing solutions to support the L1 and L5 GNSS Signals were revealed by FURUNO Electric Ltd. All models have NTT's dynamic satellite selection (DSS) multipath mitigation technology.
It is the industry leader, and minimizes time performance degradation even when the antenna is placed in a city or adjacent to a window.
The GT-100 is the first timed multi-GNSS receiver module capable of handling simultaneous L1 and L5 receiving. This increases safeguards against GNSS vulnerabilities such as jamming and spoofing. It also lessens the impacts of solar flares, which can cause timing mistakes.
The GT-100 has three outputs, including user-programmable frequencies and a pulse-per-second output (1PPS) synchronized with UTC. The outputs might be tuned to various frequencies widely used in different wireless communications systems such as 10MHz, 2.048 MHz, and 19.2 MHz as needed.
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Demand for Standard Precision GNSS Modules to Skyrocket with Usage in Consumer Electronics
Standard precision GNSS chips are projected to witness a significant growth rate in the next ten years. It has several applications in the consumer electronics sector.
It is generally used as a raw material for the production of important health equipment.
CAGR of the standard precision GNSS chips segment was around 6.7% from 2017 to 2021. It is predicted to expand to around 5.9% CAGR from 2022 to 2032.
High Demand for Smartphones to Boost Need for GPS Chips across the Globe
One of the most widely used applications of GNSS ICs is in smartphones. Ongoing development of the smartphone industry can be associated with the increasing need for personalized devices, including GNSS ICs.
CAGR of the smartphone category was around 6.5% from 2017 to 2021. It is estimated to surge by 5.8% from 2022 to 2032.
With increasing use of location-based services, GNSS IC providers are focusing on developing technologies that would provide a high level of security to prevent unauthorized access and ensure the integrity of location data.
A few GNSS IC providers are developing low-power solutions to address the growing demand for devices that are energy-efficient and have longer battery life.
They are also offering customized solutions to meet specific needs of different industries and applications. This includes providing software and hardware customization to meet the requirements of specific use cases.
A few recent developments in the GNSS IC market are:
It is intended to take the place of the popular NEO-M8T module. Users of the NEO-M8T can benefit from improved security and timing precision that is accurate to the millisecond level thanks to the new module.
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 361.0 million |
| Projected Market Valuation (2032) | USD 645.0 million |
| Value-based CAGR (2022 to 2032) | 6.0% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD million) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, Gulf Cooperation Council Countries, North Africa, South Africa, Others |
| Key Segments Covered | Chip Type, Application, Region |
| Key Companies Profiled | Qualcomm; Broadcom; MediaTek; U-Blox; STM; Intel Corporation; Furuno Electric; Quectel Wireless Solutions; Epson; SkyTraq Technology, Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Market Dynamics and Challenges, Strategic Growth Initiatives |
The GNSS IC industry was reported at USD 337.6 million in 2021.
The GNSS IC industry was valued at USD 361.0 million in 2022.
The GNSS IC industry is expected to reach a valuation of USD 645.0 million by 2032.
The GNSS IC industry registered a CAGR of 6.9% over the last 4 years.
The GNSS IC market is projected to witness a CAGR of 6.0% from 2022 to 2032.
Standard precision GNSS chips are expected to garner a significant value share by 2022.
The GNSS IC industry in China is set to flourish at a CAGR of around 7.4% from 2022 to 2032.
The GNSS IC industry in the USA is projected to escalate at a CAGR of around 4.8% by 2032.
The GNSS IC industry in South Korea is estimated to surge at a CAGR of around 6.4% and there will be a CAGR growth of 6.2% in Japan.
The market was valued at USD 361.0 million in 2022.
The market captured a 6.9% CAGR from 2017 to 2021.
The market is estimated to reach USD 645.0 million by 2032.
The market is likely to develop at a CAGR of 6.0% through 2032.
Qualcomm, Broadcom, and MediaTek are the key market players.
1. Executive Summary
2. Market Overview
3. Market Background
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Chip Type
5.1. High Precision GNSS Chips
5.2. Standard Precision GNSS Chips
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
6.1. Smartphones
6.2. Tablets
6.3. Personal Navigation Devices
6.4. In-Vehicle Systems
6.5. Wearable Devices
6.6. Digital Cameras
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
7.1. North America
7.2. Latin America
7.3. Europe
7.4. Asia Pacific
7.5. Middle East and Africa
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13. Key Countries Market Analysis
14. Market Structure Analysis
15. Competition Analysis
15.1. Qualcomm
15.2. Broadcom
15.3. Mediatek
15.4. u-blox
15.5. STM
15.6. Intel Corporation
15.7. Furuno Electric
15.8. Quectel Wireless Solutions
15.9. Epson
15.10. SkyTraq Technology, Inc.
16. Assumptions & Acronyms Used
17. Research Methodology
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GNSS IC Market
