Europe GNSS Chip Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The Europe GNSS chip market size is expected to reach US$ 2,126.31 million by 2031 from US$ 1,303.94 million in 2024. The market is estimated to record a CAGR of 7.2% from 2024 to 2031.

Executive Summary and Europe GNSS Chip Market Analysis:

With many sectors of the European economy already relying upon satellite navigation services, the European Union (EU) is leveraging the potential of global navigation satellite system (GNSS) solutions to contribute to economic and social growth and breakthrough innovations. The entire system of Galileo Initial Services was completed in 2020 and is offering global coverage to more than 100 million devices, including Galileo. This number is set to rise exponentially. The Galileo High Accuracy Service (HAS) supports users who require sub-meter accuracy and is accessible to all global users. These services can drive navigation-enabled innovation in the EU and worldwide. Future growth perspectives are promising, as multi-GNSS applications and user uptake in Central and Eastern Europe are expected to increase.

The UK is the only country in the region that has used armed UAVs in lethal operations. Also, France is set to become the second country to use medium-altitude long-endurance (MALE) drones. As UAV manufacturers incorporate GNSS chips for various navigation and surveying applications, the adoption of UAVs in the region is increasing. This has led manufacturers to invest more in GNSS chips. However, several European countries have initiated projects to develop advanced UAVs, as the attainment of technology from abroad compromises the EU's industrial autonomy. "Eurodrone Project" is one of the major projects in the region backed by the European Defence Agency; the project targets to provide a European MALE UAV by 2025. Germany, France, Italy, and Spain are among the countries at the forefront of these developments.

Europe GNSS Chip Market: Strategic Insights

Europe GNSS Chip Market Segmentation Analysis:

Key segments that contributed to the derivation of the Europe GNSS chip market analysis are device, application, and vertical.

• 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 the largest share of the market in 2024.

• 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 the largest share of the market in 2024.

• 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 the largest share of the market in 2024.

Europe GNSS Chip Market Players Density: Understanding Its Impact on Business Dynamics

The Europe GNSS Chip Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Europe GNSS Chip Market Outlook

IoT technologies create advanced solutions such as advanced driver-assistance systems (ADAS), connected car solutions, in-vehicle infotainment systems, and navigation and telematics solutions. Navigation systems are mainly being deployed in vehicles for tracking purposes and to display maps that offer information about speed, location, direction, nearby streets, and points of interest. IoT-enabled cars have GNSS chips integrated into them, which help drivers drive efficiently, and concerned agencies can track their location during emergencies. In October 2023, u-blox launched u-safe, a vehicle positioning safety solution to accelerate autonomous vehicle adoption. U-safe uses proven automotive navigation components to offer Tier 1 suppliers and OEMs a reliable ADAS positioning solution. In addition, in January 2021, Qualcomm Technologies, Inc. and Alps Alpine Co., Ltd. announced a camera-based sensing and positioning device called ViewPose to support absolute lane-level vehicle positioning. FocalPoint offers innovative S-GNSS Auto positioning technology that provides automotive original equipment manufacturers (OEMs) with increased reliability and accuracy of GNSS positioning. Moreover, the idea of autonomous vehicles is becoming a reality due to advancements in positioning and sensor integration technology. Fully autonomous vehicle needs an accurate localization solution to drive appropriately. High-precision GNSS technology provides key advantages, including reliability, accuracy, and precision required for self-driving vehicles. Thus, the rise in the demand for IoT-enabled cars is expected to create growth opportunities for the GNSS chip market in the coming years.

Europe GNSS Chip Market Country Insights

Based on country, the Europe GNSS chip market comprises Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe held the largest share in 2024.

Sweden, Poland, Spain, Belgium, and Greece are among the major countries in the GNSS chip market in the Rest of Europe. The rising investment in combat drones and UAVs drives the adoption of GNSS chips in Poland. For instance, in August 2020, Poland's Ministry of Defence invested US$ 4.53 billion (100 billion koruny) to acquire combat UAVs under its military modernization program by 2027, driving the navigation and surveying application. Moreover, several companies are engaged in launching the GNSS receivers. For instance, in February 2024, Qualinx, a company specializing in ultra-low power wireless tracking and connectivity semiconductors, announced a partnership with the European Union Agency for the Space Program (EUSPA). This collaboration aims to develop a consumer-grade, low-power GNSS receiver for EUSPA's GNSS authentication service.

Europe GNSS Chip Market Company Profiles

Some of the key players operating in the market include 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. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Europe GNSS Chip Market Research Methodology:

The following methodology has been followed for the collection and analysis of data presented in this report:

Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.

• Industry trade journals and other relevant publications.

• Government documents, statistical databases, and market reports.

• News articles, press releases, and webcasts specific to companies operating in the market.

Note:

All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.

• Enhance the expertise and market understanding of the analysis team.

• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers

• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise