GNSS Chips and Modules Market Report: Size, Share and Outlook by 2031

The GNSS chips and modules market size was valued at US$ 7.20 billion in 2024 and is expected to reach US$ 12.44 billion by 2031. The GNSS chips and modules market size is estimated to register a CAGR of 8.4% during 2025-2031.

The growing demand for location-based services (LBS) is a key driver of the GNSS chips and modules market. The high-speed, low-latency capabilities of 5G networks are enabling more advanced and real-time LBS applications, including turn-by-turn navigation with live traffic updates, augmented reality experiences tied to physical locations, accurate indoor positioning in complex environments like shopping malls and airports, and enhanced asset tracking and fleet management solutions. Accurate positioning is essential for enabling these services, and GNSS systems provide the core data required to determine user locations across mobile networks. With mobile network operators expanding 5G deployments, especially in urban areas, the demand for precise positioning technology is rising. For instance, Vodafone Idea (Vi) announced its 5G rollout in India in February 2024, with services launched by March 2025 across 75 major cities in 17 regions, targeting areas with high data consumption. Similarly, in April 2023, Telcel launched 5G services for over 68 million prepaid users in Mexico, making next-gen connectivity accessible to more than 80 million customers.

As 5G infrastructure expands, the need for highly accurate timing and synchronization is growing. Technologies like the Quectel L26-T GNSS module, capable of delivering 6.8-nanosecond timing accuracy, are crucial for maintaining stable 5G connections and meeting stringent timing requirements. Ultimately, the continued rollout of 5G and the growing demand for fast, reliable internet are accelerating the adoption of GNSS chips. These chips enable more precise, real-time location data, enhancing the performance of LBS applications such as navigation, mapping, and spatial computing-positioning GNSS as a foundational technology in the 5G era.

GNSS surveying technologies offer varying levels of accuracy to meet the requirements of diverse applications. From basic Single Point Positioning (SPP) for general location tracking to advanced methods like Real-Time Kinematic (RTK) and Post-Processing Kinematic (PPK) that deliver centimeter-level precision, users can choose the most suitable approach based on their accuracy needs. Differential GPS (DGPS) further enhances accuracy through correction signals. Among these, RTK stands out for its low latency and real-time correction capabilities, making it the most accurate method in active field conditions. Achieving high-precision results in surveying depends not only on technique but also on the use of sophisticated tools- including high-end GNSS receivers with multi-frequency and multi-constellation support, advanced sensor integration, and powerful data processing software. When properly applied, these technologies ensure consistent and reliable outcomes across geospatial and engineering projects.

As the demand for real-time, high-precision data grows, so does the need for advanced GNSS chips and modules. Manufacturers are increasingly developing devices that deliver accurate positioning and heading information across various applications such as autonomous mining vehicles, intelligent port systems, digital mapping, and smart public transportation. For example, in May 2024, ComNav Technology introduced the M100X GNSS receiver, built on its Quantum-III SoC chip. The receiver supports full-constellation and multi-frequency capabilities, offering high-accuracy positioning and heading specifically designed for vehicle-based applications.

In 2024, the Asia Pacific region led the global GNSS chip market, outpacing other regions in terms of both demand and revenue. North America followed as the second-largest market, with Europe trailing behind. The growth in demand for GNSS chips globally is being driven by the widespread adoption of consumer electronics equipped with navigation and positioning features. Additionally, the increasing availability of high-speed internet, the expansion of 4G and 5G network infrastructure, and the growing popularity of wearable technology are significantly contributing to market expansion.

In North America, the GNSS chip market is being fueled by several key factors. The region's strong technological foundation, presence of major tech companies, and robust R&D capabilities are pivotal in sustaining demand. Moreover, government initiatives that support the deployment and regulation of unmanned aerial vehicles (UAVs)-such as those enforced by the Federal Aviation Administration (FAA) in the U.S.-are boosting adoption rates. The rise of autonomous and connected vehicles is another major catalyst in this market's growth. Industry players in North America are also actively contributing to technological innovation in the GNSS space. For instance, in July 2023, Qualcomm introduced two new system-on-chip (SoC) platforms-Snapdragon W5+ and W5-designed for next-generation wearables like smartwatches. These platforms have already been adopted by companies including Oppo and Mobvoi, reflecting the accelerating integration of GNSS technology into consumer devices.

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 key GNSS chips and modules market players that are profiled in this market study.

The overall GNSS chips and modules market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the GNSS chips and modules market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the GNSS chips and modules market.