High Precision GNSS Board and Module Market size was valued at USD 1.5 Billion in 2024 and is projected to reach USD 3.2 Billion by 2033, exhibiting a CAGR of 8.5% from 2026 to 2033.
The global high precision GNSS board and module market was valued at USD 2.5 billion in 2022 and is projected to reach USD 5.8 billion by 2030, growing at a compound annual growth rate (CAGR) of approximately 11% during the forecast period. This growth is driven by increasing demand for precise positioning in applications such as autonomous vehicles, precision agriculture, and construction. North America held a significant market share in 2022, attributed to technological advancements and the adoption of GNSS technologies across various industries. Europe followed closely, with substantial investments in infrastructure and transportation sectors contributing to market expansion. The Asia Pacific region is anticipated to witness the highest growth rate, fueled by rapid industrialization and the integration of GNSS solutions in emerging economies like China and India.
Opportunities in the high precision GNSS board and module market are abundant. The rise of autonomous vehicles and drones necessitates accurate navigation systems, creating a substantial demand for high precision GNSS modules. In 2022, Chinas automotive sector invested USD 2.1 billion in GNSS enabled systems for autonomous trucks operating in ports and logistics hubs. Additionally, the agriculture sector is increasingly adopting GNSS technology for precision farming, enhancing crop yields and resource efficiency. The construction industry also presents opportunities, with GNSS modules being utilized for site surveying and machine control, improving project accuracy and reducing operational costs. As industries continue to prioritize precision and efficiency, the demand for high precision GNSS boards and modules is expected to grow, presenting lucrative prospects for market participants.
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ComNav Technology
UNICORE COMMUNICATIONS
INC.
Trimble
NovAtel
STMicroelectronics
u-blox
SiRF
Chengdu Guoxing Communication
Jiangsu Mingwei Wansheng Technology Co.
Ltd.
Shanghai Huace Navigation Technology
Hi-Target
Hunan Bynav Technology
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global High Precision GNSS Board and Module Market
High Precision GNSS Board
High Precision GNSS Module
L1
L2
L5
Multi-frequency
Agriculture
Construction
Aerospace & Defense
Automotive
Surveying
Mapping
RTK (Real-Time Kinematic)
PPP (Precise Point Positioning)
SBAS (Satellite-Based Augmentation System)
GNSS + INS (Inertial Navigation System)
Government & Defense
Commercial
Industrial
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global High Precision GNSS Board and Module Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global High Precision GNSS Board and Module Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global High Precision GNSS Board and Module Market, By Type
6. Global High Precision GNSS Board and Module Market, By Application
7. Global High Precision GNSS Board and Module Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global High Precision GNSS Board and Module Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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