Space-Based Navigation Market Report 2025

The space-based navigation market size has grown rapidly in recent years. It will grow from $14.42 billion in 2024 to $16.12 billion in 2025 at a compound annual growth rate (CAGR) of 11.8%. The growth during the historic period can be attributed to increasing demand for global positioning accuracy, expansion of commercial aviation and maritime industries, growth in defense and military applications, the proliferation of mobile and handheld navigation devices, and enhanced international collaboration on global navigation satellite systems (GNSS).

The space-based navigation market size is expected to see rapid growth in the next few years. It will grow to $24.94 billion in 2029 at a compound annual growth rate (CAGR) of 11.5%. The growth during the forecast period can be attributed to the increasing adoption of autonomous vehicles, expansion of location-based services (LBS), growth in space exploration and satellite mega-constellations, rising urbanization and smart city development, and increasing investments in global navigation satellite system (GNSS) modernization and augmentation systems. Key trends in the forecast period include integration with AI and machine learning, multi-constellation GNSS utilization, expansion of augmentation systems, miniaturization and cost reduction of GNSS receivers, and an emphasis on cybersecurity and signal integrity.

The rising number of satellite launches is expected to drive the growth of the space-based navigation market in the coming years. Satellite launches involve sending artificial satellites into orbit using launch vehicles or rockets. This increase in satellite launches is fueled by the growing demand for global connectivity, as more regions seek reliable internet access through satellite broadband services. Space-based navigation aids satellite launches by providing precise trajectory planning and in-orbit positioning, ensuring mission accuracy. It improves launch efficiency through real-time tracking and timing, boosting the overall reliability of space missions. For example, in September 2022, the Government Accountability Office, a US government agency, reported nearly 5,500 active satellites in orbit, with projections estimating an additional 58,000 launches by 2030. Thus, the rising number of satellite launches is propelling the growth of the space-based navigation market.

Leading companies in the space-based navigation market are focusing on developing advanced products like navigation with Indian constellation (NavIC) chipsets to improve accuracy, reduce reliance on foreign systems, and promote self-reliance in global positioning technology. NavIC chipsets are advanced semiconductor components designed to receive and process signals from India’s regional satellite navigation system, delivering precise positioning and timing services. For instance, in April 2023, Elena Geo Systems, an India-based space technology firm, introduced the NavIC chip. This compact, multi-core, ultra-low-power chip uses India’s NavIC (IRNSS) system while also supporting GPS (USA) and GLONASS (Russia) signals. It enables dual-frequency operation on both L5 and S bands, significantly enhancing location accuracy in challenging environments like urban canyons and remote areas. By integrating NavIC into consumer and industrial applications such as smartphones, vehicle tracking, and precision agriculture, the chip strengthens India’s technological sovereignty and offers a competitive alternative to global navigation systems.

In January 2025, Hexagon AB, a Sweden-based software company, acquired Septentrio NV for an undisclosed amount. This acquisition aims to foster innovation and broaden the market presence of resilient, assured positioning solutions by combining Hexagon’s advanced positioning technologies with Septentrio’s leading GNSS platforms. Septentrio NV is a Belgium-based company specializing in high-precision GNSS receivers for space-based navigation.

Major players in the space-based navigation market are RTX Corporation, Airbus SE, Boeing Company, Lockheed Martin Corporation, Intel Corporation, China Aerospace Science and Technology Corporation, Qualcomm Technologies Inc., Northrop Grumman Corporation, Honeywell International Inc., Broadcom Inc., Thales Group, MediaTek Inc., L3Harris Technologies Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Roscosmos, SBG Systems, Indian Space Research Organisation, and Aceinna.

North America was the largest region in the space-based navigation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in space-based navigation report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the space-based navigation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

Space-based navigation involves using satellite systems to determine precise location, velocity, and timing information anywhere on Earth. It depends on global navigation satellite systems (GNSS) like the Global Positioning System (GPS), Galileo, GLONASS, and BeiDou. The primary goal is to provide accurate and reliable positioning for applications in transportation, defense, telecommunications, and everyday navigation.

The main components of space-based navigation include hardware, software, and services. Hardware consists of physical elements such as receivers, antennas, processors, transmitters, sensors, and integrated circuits (ICs) that facilitate the reception, processing, and transmission of satellite navigation signals. These components are used across military and defense, commercial, scientific research, and other sectors, serving end-users such as government entities, private companies, and others.

The space-based navigation market research report is one of a series of new reports that provides space-based navigation market statistics, including space-based navigation industry global market size, regional shares, competitors with a space-based navigation market share, detailed space-based navigation market segments, market trends and opportunities, and any further data you may need to thrive in the space-based navigation industry. This space-based navigation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The space-based navigation market consists of revenues earned by entities by providing services such as real-time positioning, navigation guidance, timing synchronization, geolocation tracking, and route optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. The space-based navigation market also includes sales of navigation satellites, antennas, onboard navigation systems, antennas, signal augmentation equipment, and related hardware and software used for positioning, tracking, and timing applications. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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