GPS Receiver Market

By Type;

Survey Grade, Mapping Grade and Consumer-Grade

By Application;

Automobiles, Aviation, Industrial Machinery, Maritime, Mining & Agriculture, Oil & Gas, Telecommunication and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn542822837 Published Date: October, 2025 Updated Date: November, 2025

GPS Receiver Market Overview

GPS Receiver Market (USD Million)

GPS Receiver Market was valued at USD 278.47 million in the year 2024. The size of this market is expected to increase to USD 477.25 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.0%.


GPS Receiver Market

*Market size in USD million

CAGR 8.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.0 %
Market Size (2024)USD 278.47 Million
Market Size (2031)USD 477.25 Million
Market ConcentrationMedium
Report Pages358
278.47
2024
477.25
2031

Major Players

  • Honeywell International
  • STMicroelectronics
  • U-blox

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

GPS Receiver Market

Fragmented - Highly competitive market without dominant players


The GPS Receiver Market is expanding rapidly, with more than 60% of users seeking devices that offer fast, accurate positioning across diverse environments. These trends create valuable opportunities for manufacturers developing multi-frequency receivers, rugged handheld devices, and real-time tracking modules. Reliable performance is becoming a differentiator in navigation technology.

Advanced Features Elevate Receiver Reliability
Approximately 55% of the latest GPS receivers include technological advancements like dual-frequency positioning, RTK-enabled accuracy, and anti-spoof firmware layers. These innovations help improve signal clarity, shorten positioning time, and withstand intentional interference. They are reshaping receiver performance expectations across consumer and industrial segments.

Partnerships Enable Broader Navigation Solutions
Nearly 50% of receiver providers are forming collaborations and forging partnerships with network service integrators, cloud mapping platforms, and vehicle OEMs. These alliances drive expansion of navigation services into areas like asset tracking, wearable navigation, and connected mobility. Partnerships enhance solution packages and deliver seamless location experiences.

Outlook Anticipates Intelligent Location Services
More than 50% of future receiver developments are focused on AI-driven accuracy enhancements, edge-based map matching, and smart geofencing features. The future outlook projects sustained innovation, increased enterprise adoption, and broader growth as GPS receivers become embedded in autonomous navigation, drones, and smart infrastructure. Receivers are evolving into smarter, highly connected solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. GPS Receiver Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand for real-time positioning accuracy
        2. Increased adoption in smartphones and tablets
        3. Expansion of GPS usage in agriculture equipment
        4. Growth of GPS in autonomous vehicle system
      2. Restraints
        1. Signal loss in tunnels and urban canyons
        2. Power consumption challenges in compact devices
        3. Dependence on external satellite infrastructure
        4. Limited performance in multipath environment
      3. Opportunities
        1. Integration with IoT and smart devices
        2. Adoption in wearable fitness and health trackers
        3. Growing role in UAV navigation systems
        4. Advancements in multi-band and multi-GNSS receivers
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. GPS Receiver Market, By Type, 2021 - 2031 (USD Million)
      1. Survey Grade
      2. Mapping Grade
      3. Consumer-Grade
    2. GPS Receiver Market, By Application, 2021 - 2031 (USD Million)
      1. Automobiles
      2. Aviation
      3. Industrial Machinery
      4. Maritime
      5. Mining & Agriculture
      6. Oil & Gas
      7. Telecommunication
      8. Others
    3. GPS Receiver Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Garmin Ltd.
      2. Trimble Inc.
      3. Topcon Positioning Systems
      4. u-blox AG
      5. Leica Geosystems (Hexagon AB)
      6. Hemisphere GNSS
      7. Septentrio NV
      8. Furuno Electric Co. Ltd.
      9. Magellan Navigation
      10. Geneq
      11. ComNav Technology Ltd.
      12. Hi-Target (HT-GNSS)
      13. RTX (formerly Raytheon Technologies)
      14. CNH Industrial
      15. Collins Aerospace
  7. Analyst Views
  8. Future Outlook of the Market