According to The Insight Partners' research, the Europe GNSS chip market was valued at US$ 1,303.94 million in 2024 and is expected to reach US$ 2,126.31 million by 2031, registering a CAGR of 7.2% from 2024 to 2031. Surging need for accuracy in real-time data and rising use of IOT technology in autonomous vehicles are among the critical factors attributed to the Europe GNSS chip market expansion.
Real-time, accurate location data is crucial for various navigation and mapping applications, including ride-hailing services, delivery drones, and precise driving directions. GNSS chips enable these applications by providing real-time positioning information. High accuracy in surveying operations can be attained with the help of sophisticated data processing software, integrated sensor systems, and high-end GNSS receivers with multi-constellation and multi-frequency capabilities. GNSS surveying technologies offer a wide range of accuracy levels and approaches to satisfy the needs of many applications. Single point positioning (SPP) offers simple location; real-time kinematic (RTK) and post-processing kinematic (PPK) offer centimeter-level precision, and differential global positioning system (DGPS) enhances accuracy. Owing to its lower latency and real-time corrections, RTK stands out as the most accurate approach. Through the utilization of various GNSS surveying techniques, experts can guarantee precise outcomes for their projects. In addition, several manufacturers are launching GNSS devices to provide accurate positioning and heading information across various applications, including autonomous mining trucks, intelligent ports, and mapping autonomous buses. For example, in May 2024, ComNav Technology launched the M100X GNSS receiver, which was built using the Quantum-III SoC Chip to provide full-constellation and multi-frequency capabilities and specifically engineered for high-accuracy vehicular positioning and heading. Such product launches for real-time accuracy foster the demand for GNSS chips. Thus, the surging need for real-time, accurate data drives the GNSS chip market growth.
On the contrary, concerns related to jamming and spoofing attacks hamper the growth of Europe GNSS chip market.
Based on device, the Europe GNSS chip market is segmented into smartphones, tablets, personal navigation devices, in-vehicle systems, and others. The smartphones segment held 56.1% share of the Europe GNSS chip market in 2024, amassing US$ 732.04 million. It is projected to garner US$ 1,139.77 million by 2031 to expand at 6.5% CAGR during 2024-2031.
By application, the Europe GNSS chip market is segmented into navigation and location-based services, mapping and surveying, telematics, timing and synchronization, and others. The navigation and location-based services segment held 57.3% share of the Europe GNSS chip market in 2024, amassing US$ 747.01 million. It is projected to garner US$ 1,265.08 million by 2031 to expand at 7.8% CAGR during 2024-2031.
Based on vertical, the Europe GNSS chip market is segmented into consumer electronics, automotive and transportation, military and defense, marine, and others. The consumer electronics segment held 41.9% share of the Europe GNSS chip market in 2024, amassing US$ 545.93 million. It is projected to garner US$ 947.70 million by 2031 to expand at 8.2% CAGR during 2024-2031.
By country, the Europe GNSS chip market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe held 27.3% share of Europe GNSS chip market in 2024, amassing US$ 355.37 million. It is projected to garner US$ 679.48 million by 2031 to expand at 9.7% CAGR during 2024-2031.
Key players operating in the GNSS chip market are Qualcomm Inc, Broadcom Inc, Septentrio NV, Trimble Inc, Furuno Electric Co Ltd, MediaTek Inc, STMicroelectronics NV, Skyworks Solutions Inc, u-blox Holding AG, and Quectel Wireless Solutions Co Ltd, among others.
- In February 2024, u-blox introduced two new LTE-M cellular module series, the SARA-R52 and LEXI-R52, designed for industrial applications. These modules are based on the u-blox UBX-R52 cellular chip and are tailored for integrated and concurrent positioning and wireless communication needs. The modules include SpotNow, uCPU, and uSCM, which offer features like 10m accuracy, automatic connectivity management, and low-power consumption. The SARA-R520M10 combo module offers simultaneous GNSS and cellular connectivity, while the LEXI-R52 is designed for ultra-small applications like wearables. The R52 series offers 23 dBm RF output power, ensuring stable connectivity in challenging coverage conditions.
- In January 2024, Septentrio announced the launch of a new smart antenna, ideal for machine automation and control in construction, precision agriculture and logistics. Enclosed in a ruggedized housing, it can handle high levels of shocks and vibrations and is ready for operation in harsh industrial environments. Built on Septentrio's long-standing GNSS experience, this multi-frequency receiver delivers high-accuracy RTK positioning down to the centimeter level. Equipment manufacturers and system integrators can benefit from the versatile offering including INS (Inertial Navigation System) integration, dual antenna mode, and 4G cellular communication.
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