Global Navigation Satellite System Market to Grow at a CAGR of 11.17% During the Forecast Period; Rapid Advancements in Positioning, Navigation, and Timing Capabilities to Bolster Market Expansion

The global navigation satellite system market size stood at USD 301.37 billion in 2024. The market is predicted to rise from USD 335.04 billion in 2025 to USD 703.21 billion by 2032 at a CAGR of 11.17% from 2025 to 2032.

Fortune Business Insights™ presents this information in its report titled, “Global Navigation Satellite System Market Size, Share & Industry Analysis, By Type (Global Constellations, Regional Constellations, and Satellite-Based Augmentations), By Application (Rail, Road, Aviation, Maritime, LBS, Time Synch, Agriculture, Surveying, and Others), and Regional Forecast, 2025-2032”.  

A Global Navigation Satellite System (GNSS) is an array of satellites that delivers positioning, navigation, and timing (PNT) services. These satellites transmit signals containing their location and time, enabling receivers to determine their position. While initially developed for military use, the global navigation satellite system has become increasingly popular in road navigation. Market expansion is attributed to a rise in technological innovations that enhance positioning, navigation, and timing capabilities across various industries.

Rise in Collaborations among Top Companies to Foster Market Progress

In January 2025, Trimble partnered with Qualcomm Technologies to enhance positioning accuracy for automated vehicles, such as automobiles and heavy trucks. The collaboration integrates Trimble's ProPoint Go positioning engine, which leverages GNSS signals, with Qualcomm's Snapdragon Auto 5G Modem-RF Gen 2 to achieve positioning precision within 10 centimeters.

Surging Demand for Unmanned Vehicles/Autonomous Vehicles for Different Applications to Propel Market Expansion

Unmanned robotic vehicles (URV) have seen a global surge in recent years, driven by their increasing demand across industries, including aviation, agriculture, automotive, maritime, military, and transportation & logistics. Whether aerial, underwater, or ground-based, these autonomous vehicles rely on navigation satellite system receivers for accurate real-time positioning. This capability is essential for applications, including mapping, surveying, search and rescue, and autonomous deliveries. Advanced GNSS/ INS receivers enhance performance even in weak signal areas fueling demand. Companies are enhancing their positioning solutions to support UAV advancements. For instance, in October 2024, Septentrio’s collaboration with the GNSS OEM Store introduced high-accuracy modules, contributing to market growth.

Conversely, hefty initial expenses of GNSS upstream components and a rise in cyber threats restrict global navigation satellite system market growth.

Key Global Navigation Satellite System Companies Focus on Widespread Product Offerings to Maintain Their Dominance

The market remains highly fragmented, given the dominance of well-established players with extensive product portfolios across advanced and emerging economies. However, with moderate entry barriers, more domestic companies are expected to enter the global arena, further intensifying fragmentation by 2032. The industry comprises numerous global navigation satellite system providers operating globally, including major players, such as Qualcomm Plc., Texas Instrument, Trimble, and Rockwell Collins. Other significant players, such as Harris Corporation, Cobham Plc., and Laird Plc., maintain a solid market presence through diverse offerings. OEMs actively engage in innovation, acquisitions, product launches, and strategic collaborations to gain a competitive edge.

Notable Industry Development:

• December 2023: Qualcomm Technologies partnered with the Indian Space Research Organisation (ISRO) to integrate support for India's NavIC navigation satellite system's recently unveiled L1 signals into select chipsets. This effort is designed to hasten NavIC's integration and improve geolocation capacities across mobile, automotive, and IoT applications.

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https://www.fortunebusinessinsights.com/global-navigation-satellite-system-gnss-market-103433

List of the Companies Profiled in the Report:

• Qualcomm Inc. (U.S.)
• Texas Instrument Inc. (U.S.)
• Trimble Inc. (U.S.)
• Rockwell Collins (U.S.)
• Broadcom Inc. (U.S.)
• Hexagon AB (Sweden)
• Furuno Electric Co. Ltd. (Japan)
• Laird Plc. (U.K.)
• Cobham Plc. (U.K.)
• L3Harris Corporation (U.S.)
• Topcon Corporation (Japan)

Further Report Findings

• North America registered dominance in the market, driven by the rapid deployment of multi-sensor data acquisition systems for track mapping in the U.S. Rising demand for Driver Advisory System (DAS) in Mexico and Canada for rail applications to enhance traffic flow.
• The market in Europe is anticipated to rise at a moderate CAGR, owing to the solid existence of component producers. Rising efforts and collaborations with the European Space Agency (ESA) are also assisting market expansion in the region.
• By type, global constellations held a dominant global navigation satellite system market share as they comprise satellite constellations that offer global coverage for navigation services, including Global Navigation Satellite System (GLONASS), Global Positioning System (GPS), and Galileo.
• In terms of application, the aviation segment is expected to command the market in the coming years, owing to increased air travel demand. Therefore, airlines are renovating their fleet to fulfil this requirement. The surging adoption of advanced navigation systems for the new aircraft fleet is fueling segment expansion.

Table of Segmentation