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Navigation devices & services - statistics & facts

In 2021, the global navigation satellite system (GNSS) market was valued at 198.9 billion euros, with forecasts for 2031 suggesting that this is likely to rise to 492.2 billion euros. The market includes component and receiver manufacturers like Broadcom and Qualcomm; device vendors like Apple and Fitbit, as well as service and content providers like Google and Microsoft. In terms of regions, Asia-Pacific leads the way, accounting for more than 30 percent of revenues generated by the GNSS market in 2021. North America and Europe are also important markets within the global GNSS industry, accounting for a combined share of more than 50 percent of revenues generated.

Navigation devices

In 2021, the installed base of GNSS devices worldwide stood at 6.5 billion units, with forecasts predicting that this is to rise to 10.6 billion devices by 2031. Again, it is the Asia-Pacific region that leads the way, accounting for around 900 million GNSS devices in 2021, with predictions suggesting this is set to grow to almost two billion devices by 2031. With the advent of smartphones and wearables, navigational systems and services are now often integrated into one device – eliminating the need for separate navigational devices.

Navigation services market

In addition to the consumer elements of the global navigation industry, agriculture, maritime, and rail also form parts of the market, as does the automotive segment. The rise of connected cars has seen a dramatic development in the complexity of navigational services being utilized within vehicles: vehicles that are becoming more intelligent and more automated. Such programs and services are designed to assist the driver – more than just by providing simple directional guidance – helping to avoid car crashes and congestion, as well as reduce road transport-related carbon dioxide emissions. As connected car services become more familiar and widespread, greater scrutiny will be placed on the accuracy and performance of satellite navigation solutions.

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