South Korea Automotive GNSS Modules Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The South Korea Automotive GNSS Modules Market has seen remarkable growth, driven by the increasing demand for precise navigation and positioning systems in vehicles. The Global Navigation Satellite System (GNSS) technology plays a pivotal role in the automotive sector by enabling advanced driver-assistance systems (ADAS), autonomous vehicles, and other location-based services. As South Korea continues to embrace cutting-edge automotive technologies, the demand for GNSS modules has surged, making it an integral part of the country’s automotive manufacturing ecosystem.
Automotive GNSS Modules Market is expected to thrive due to several industrial requirements. The country’s automotive manufacturers are increasingly relying on GNSS modules to enhance vehicle safety, improve fuel efficiency, and enable the development of autonomous vehicles. GNSS technology provides accurate location data that is essential for navigation systems, traffic management, and real-time route optimization. Moreover, the integration of GNSS modules into connected vehicles allows for seamless interaction with other smart technologies, further improving the driving experience.
Industries in South Korea are looking for GNSS modules that offer high accuracy, real-time performance, and reliability. Automotive manufacturers require modules that can withstand extreme environmental conditions, including high temperatures and vibrations, common in automotive applications. The modules must also be compact, power-efficient, and capable of delivering precise positioning even in urban canyons or areas with limited satellite visibility. As a result, GNSS modules with multi-constellation support, such as GPS, GLONASS, Galileo, and BeiDou, have gained popularity due to their ability to provide continuous and accurate positioning.
South Korea’s automotive market is also witnessing a rise in electric vehicles (EVs) and autonomous vehicles, both of which require highly reliable GNSS modules for navigation and control systems. As the industry moves toward smart transportation solutions, the Automotive GNSS Modules Market will continue to evolve, offering advanced features such as real-time traffic updates, predictive analytics, and integration with various transportation infrastructure systems.
In addition to automotive manufacturers, other industries in South Korea, including logistics, fleet management, and agriculture, are also adopting GNSS technology for various applications. Logistics companies utilize GNSS modules to track vehicles and manage fleets, ensuring timely deliveries and reducing operational costs. Agricultural industries employ GNSS technology for precision farming, enhancing crop yields and reducing resource wastage.
Overall, the Automotive GNSS Modules Market in South Korea is driven by technological advancements and the growing need for precise, reliable, and real-time navigation solutions across various industries. As the demand for advanced automotive technologies increases, the role of GNSS modules in shaping the future of transportation in South Korea becomes ever more significant.
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Qualcomm
Broadcom
Mediatek
U-blox
STM
Intel
Furuno Electric
Mengxin Technology
ALLYSTAR Technology
HangZhou ZhongKe Microelectronics
Techtotop Microelectronecs Technology
Chongqing Southwest Integrated Circuit Design
Beijing Ziguang Zhanrui Technology
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 South Korea Automotive GNSS Modules Market
Standalone GNSS Modules
Assisted GNSS (A-GNSS) Modules
Dead Reckoning GNSS Modules
Integrated GNSS Modules
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
Autonomous Vehicles
Multi-constellation GNSS (GPS, GLONASS, Galileo, BeiDou)
Inertial Navigation Systems (INS) integrated GNSS
Real-Time Kinematic (RTK) Systems
Simultaneous Localization and Mapping (SLAM)
Wired GNSS Modules
Wireless GNSS Modules
Receiver Chipsets
Antennae
Power Supply Modules
Software Solutions
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Automotive GNSS Modules 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. South Korea Automotive GNSS Modules Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Automotive GNSS Modules Market, By Type
6. South Korea Automotive GNSS Modules Market, By Application
7. South Korea Automotive GNSS Modules Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Automotive GNSS Modules Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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