The Europe GNSS IC market reached around USD 52.90 Billion in 2024. The market is projected to grow at a CAGR of 8.00% between 2025 and 2034 to reach nearly USD 114.21 Billion by 2034.
Base Year
Historical Year
Forecast Year
| Europe GNSS IC Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 48.98 |
| Market Size 2032 | USD Billion | 97.91 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 8.0% |
| CAGR 2024-2032 - Market by Country | United Kingdom | 8.5% |
| CAGR 2024-2032 - Market by Country | Germany | 7.7% |
| CAGR 2024-2032 - Market by Device Type | Drones | 9.1% |
| CAGR 2024-2032 - Market by End Use | Automotive | 8.8% |
| 2023 Market Share by Country | United Kingdom | 15.7% |
In 2023, the aviation sector in Europe recorded a total of 10.2 million flights, reflecting a 10% increase from the previous year. In 2022, approximately 820 million individuals within the European Union utilised air travel. Additionally, the volume of air passengers in 2022 more than doubled in comparison to 2021. With the rise in air traffic and the growth of the aviation sector, the market for GNSS IC is expected to expand in Europe. GNSS IC plays a vital role in aviation by providing precise navigation capabilities, which facilitate accurate positioning, speed measurement, and altitude determination for aircraft. Additionally, they contribute to precision approaches for safe landings, ground proximity warnings, real-time weather information, and search and rescue missions, thereby significantly enhancing safety, efficiency, and operational reliability within the aviation sector.
The proliferation of GNSS ICs is largely influenced by the advancement of smart city initiatives, which facilitate accurate location tracking, effective traffic management, and comprehensive infrastructure monitoring. Their incorporation significantly improves urban planning, navigation systems, and the overall efficiency of managing interconnected urban environments. During the period from 2014 to 2020, the European Commission witnessed a variety of programs and initiatives aimed at supporting smart city projects, including the Horizon 2020 Lighthouse program, which had a budget of approximately €400 million. According to assessments from the European Parliament’s internal think tank, nearly all cities in the Nordic region qualify as smart cities. Additionally, a majority of cities with populations exceeding 100,000 in Italy, Austria, and the Netherlands are recognised as smart cities, along with about half of the cities in the United Kingdom, Spain, and France.
Value in USD Billion
2025-2034
Europe GNSS IC Market Outlook
*this image is indicative*
Growing smartphones and electronic device penetration; advancements in GNSS technology; the development of smart cities; and the rising demand for autonomous vehicles are favouring the Europe GNSS IC market expansion
The growing adoption of GNSS technology in smartphones, wearable devices, and various consumer electronics is significantly driving an increased demand for GNSS ICs. As more consumers rely on location-based services for navigation, fitness tracking, and augmented reality applications, the need for accurate and reliable positioning solutions has become paramount.
Advancements in GNSS technology, such as multi-constellation support, have greatly enhanced the capabilities of GNSS integrated circuits. As GNSS integrated circuits continue to evolve, they are anticipated to play an increasingly vital role in shaping the future of navigation and location-based services across multiple sectors.
European smart city initiatives are increasingly relying on advanced technologies to enhance urban living and improve the efficiency of municipal services. These initiatives aim to create more sustainable, liveable, and connected urban environments that can adapt to the needs of their residents. One of the critical components of these projects is the integration of accurate GNSS IC.
Advanced GNSS technology offers the precision, accessibility, and dependability essential for a vehicle to operate autonomously. For a vehicle to achieve full autonomy, it is imperative to have a precise localisation system, along with assurance regarding the correctness of that localisation solution.
The EMR’s report titled “Europe GNSS IC Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Breakup by Device Type
Breakup by End Use
Breakup by Country
| CAGR 2024-2032 - Market by | Country |
| United Kingdom | 8.5% |
| Germany | 7.7% |
| France | XX% |
| Italy | XX% |
| Others | XX% |
Based on region, the market is segmented into the United Kingdom, Germany, France, and Italy, among others. The United Kingdom is projected to grow at a CAGR of 8.5% between 2024 and 2023 amid technological advancements and the rising adoption of connected devices.
Major players are focusing on the adoption of cutting-edge technologies to gain a competitive edge in the market.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market attained a value of nearly USD 52.90 Billion.
The market is assessed to grow at a CAGR of 8.00% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025 -2034 to reach about USD 114.21 Billion by 2034.
The market is being driven by the growing adoption of GNSS technology in electronic devices and the application of GNSS technology in autonomous vehicles.
The key trends aiding the market expansion include the development of smart cities in Europe that rely heavily on advanced technologies and advancement in GNSS technology including multi-constellation support.
The major end uses of GNSS IC are automotive, consumer electronics, and aviation, among others.
The major countries considered in the market are the United Kingdom, Germany, France, and Italy, among others.
The major players in the market are MediaTek Inc., Qualcomm Inc, Broadcom Inc., STMicroelectronics NV, Intel Corporation, Sony Group Corp., u-blox AG, Furuno Electric Co., Ltd., Quectel Wireless Solutions Co., Ltd., and Skyworks Solutions, Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Device Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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