GNSS Chips and Modules Market to Reach USD 8.72 Billion by 2034 Driven by Precision Navigation and Connected Vehicles
The growing adoption of location-aware devices, connected transportation systems, autonomous technologies and precision positioning solutions is increasing demand for global navigation satellite system (GNSS) chips and modules. These components enable electronic devices to determine their geographic position using signals transmitted by satellite navigation constellations. As positioning becomes increasingly important across consumer, automotive, industrial and infrastructure applications, GNSS technology continues to evolve toward greater accuracy, integration and reliability. According to SemiconductorInsight, the global GNSS Chips and Modules Market was valued at USD 4.25 billion in 2025 and is projected to reach USD 8.72 billion by 2034, representing a CAGR of 8.3% during the 2026–2034 forecast period. Asia Pacific accounted for approximately 42% of global demand in the report's 2025 assessment, while North America remained important in high-precision positioning applications...