Global GNSS Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Tractor Guidance, Auto Steering, VRT, and Asset Management.

By End-User Industries;

Consumer Electronics, Automotive, Agriculture, Construction, and Defense & Aerospace.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn125864921 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global GNSS Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global GNSS Devices Market was valued at USD 22,367.44 million. The size of this market is expected to increase to USD 42,084.93 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.4%.

The global GNSS (Global Navigation Satellite System) devices market has witnessed significant growth and evolution in recent years, driven by the increasing demand for precise location-based information across various industries. GNSS technology utilizes satellite signals to accurately determine geographical location, velocity, and time information for users equipped with compatible devices. Originally developed for military applications, GNSS has now permeated into everyday life, profoundly impacting sectors such as transportation, agriculture, construction, and telecommunications.

One of the primary drivers of the GNSS devices market is the proliferation of smartphones and smart devices embedded with GPS (Global Positioning System) capabilities, which constitute a subset of GNSS. These devices have become indispensable tools for navigation, location-based services (LBS), and recreational activities. The integration of GNSS technology into wearable devices, vehicles, drones, and IoT (Internet of Things) devices further expands its utility and market reach.

GNSS plays a crucial role in commercial and industrial sectors. In agriculture, for instance, precision farming techniques rely heavily on GNSS for precise field mapping, crop monitoring, and yield optimization. Similarly, the construction industry utilizes GNSS for accurate surveying, machine guidance, and asset tracking, thereby improving operational efficiency and reducing costs.

The automotive sector has seen rapid adoption of GNSS technology for advanced driver assistance systems (ADAS), fleet management, and autonomous vehicle navigation. As the demand for real-time location-based services grows, GNSS devices are becoming increasingly sophisticated, incorporating multi-constellation receivers (such as GPS, GLONASS, Galileo, and BeiDou) to enhance accuracy, reliability, and coverage.

Government initiatives and investments in infrastructure development also play a pivotal role in shaping the GNSS devices market. Efforts to modernize satellite systems, improve signal accuracy, and expand coverage areas contribute to the overall growth of GNSS-enabled applications globally. Furthermore, the ongoing evolution of GNSS technology, including the development of next-generation receivers and augmentation systems, promises to unlock new opportunities across diverse industries and geographical regions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By End-User Industries
    3. Market Snapshot, By Region
  4. Global GNSS Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Location-Based Services (LBS)

        2. Precise Navigation and Timing

        3. Integration with Other Technologies

        4. Government Support and Policies

      2. Restraints
        1. High Initial Costs

        2. Signal Interference

        3. Privacy and Security Concerns

        4. Limited Satellite Coverage

      3. Opportunities
        1. IoT and Wearables Integration

        2. Low-Cost GNSS Solutions

        3. Integration with 5G Networks

        4. Smart Cities Development

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global GNSS Devices Market, By Application, 2021 - 2031 (USD Million)
      1. Tractor guidance
      2. Auto steering
      3. VRT
      4. Asset management
    2. Global GNSS Devices Market, By End-User Industries, 2021 - 2031 (USD Million)
      1. Consumer Electronics
      2. Automotive
      3. Agriculture
      4. Construction
      5. Defense & Aerospace
    3. Global GNSS Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Trimble Navigation Ltd.
      2. Topcon Corporation
      3. Hexagon AB
      4. Garmin Ltd.
      5. NovAtel Inc.
      6. Septentrio NV
      7. u-blox Holding AG
      8. NavCom Technology, Inc.
      9. Furuno Electric Co., Ltd.
      10. Hemisphere GNSS
  7. Analyst Views
  8. Future Outlook of the Market