GPS&GNSS Receiver Module Market size was valued at USD 3.5 Billion in 2024 and is forecasted to grow at a CAGR of 6.2% from 2026 to 2033, reaching USD 5.8 Billion by 2033.
The GPS & GNSS Receiver Module market has experienced significant growth, with a valuation of USD 2.5 billion in 2022. This expansion is driven by technological advancements and the increasing demand across various industries for accurate location data. The market is projected to reach USD 4.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2030. The proliferation of IoT devices and the integration of GPS & GNSS modules into autonomous vehicles and drone delivery systems further contribute to this upward trajectory.
Regionally, North America held the largest market share in 2023, accounting for 35% of the total revenue, followed by Asia Pacific at 30%, and Europe at 25%. The Asia Pacific region is anticipated to witness the highest growth rate, with a projected CAGR of approximately 10%, driven by rapid urbanization and infrastructure development in countries like China, India, and Japan. Europe is expected to experience steady growth, supported by the strong automotive industry and the integration of GNSS technology into transportation and infrastructure projects. The increasing adoption of smart city initiatives and advancements in autonomous vehicle technologies present significant opportunities for market expansion across these regions.
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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 GPS&GNSS Receiver Module Market
Standalone Receivers
Embedded Receivers
Multi-frequency Receivers
Multi-constellation Receivers
Aerospace & Defense
Automotive
Consumer Electronics
Agriculture
Telecom & Networking
Chipset Technology
Software-based Solutions
Hybrid Technology
Transport & Logistics
Construction
Surveying
Smart Wearables
Telematics
Antenna
Processor
Power Supply Module
Connectivity Module
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 GPS&GNSS Receiver 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 GPS&GNSS Receiver Module Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global GPS&GNSS Receiver Module Market, By Type
6. Global GPS&GNSS Receiver Module Market, By Application
7. Global GPS&GNSS Receiver Module Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global GPS&GNSS Receiver Module Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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