Global GPS Receiver Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Automobiles, LBS, Aviation, Industrial Machinery, and Maritime.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn542822837 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global GPS Receiver Market (USD Million), 2021 - 2031

In the year 2024, the Global GPS Receiver Market was valued at USD 278.47 million. The size of this market is expected to increase to USD 477.25 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.0%.

The global GPS receiver market plays a crucial role in modern navigation and location-based services, leveraging signals from the Global Positioning System (GPS) constellation. These receivers are integral components in various applications, ranging from automotive navigation systems to handheld devices and aerospace equipment. The market is driven by increasing demand for accurate positioning and timing information across industries such as transportation, logistics, defense, and consumer electronics.

Key factors influencing the growth of the GPS receiver market include advancements in satellite navigation technology, which have led to more precise and reliable positioning capabilities. Manufacturers are continually enhancing receiver sensitivity, accuracy, and power efficiency to meet evolving consumer expectations and regulatory requirements. Additionally, the integration of GPS receivers with other sensors and communication technologies like cellular and Wi-Fi enhances their utility in diverse applications, including asset tracking, fleet management, and smart city infrastructure.

Geographically, North America and Europe have traditionally been strong markets for GPS receivers due to early adoption in military and commercial sectors. However, rapid urbanization, infrastructure development, and the increasing popularity of location-based services in Asia Pacific are driving significant growth opportunities. The market is characterized by intense competition among players like Trimble Navigation, Garmin Ltd., and NovAtel Inc., each striving to innovate and expand their product offerings to cater to a broad spectrum of end-users demanding precise and reliable location data.

  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 Region
  4. Global GPS Receiver Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Navigation Systems
        2. IoT Integration
        3. Precision Agriculture
        4. Smart Cities
      2. Restraints
        1. Regulatory Challenges
        2. Privacy Concerns
        3. Saturation in Developed Markets
        4. High Initial Costs
      3. Opportunities
        1. Emerging Economies
        2. Autonomous Vehicles
        3. Enhanced LBS Applications
        4. Precision Timing Applications
    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 GPS Receiver Market, By Application, 2021 - 2031 (USD Million)
      1. Automobiles
      2. LBS
      3. Aviation
      4. Industrial Machinery
      5. Maritime
    2. Global GPS Receiver 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
        6. ASEAN
        7. 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. Honeywell International
      2. STMicroelectronics
      3. U-blox
  7. Analyst Views
  8. Future Outlook of the Market