Multi-Band Global Navigation Satellite System (GNSS) Receiver Global Market Report 2025

The multi-band global navigation satellite system (GNSS) receiver market size has grown rapidly in recent years. It will grow from $2.54 billion in 2024 to $2.92 billion in 2025 at a compound annual growth rate (CAGR) of 14.9%. The growth during the historic period is driven by increasing demand for advanced geospatial mapping, rising adoption of multi-band GNSS technology in smart city infrastructure, growth in autonomous vehicle deployment, expansion of satellite navigation systems, and increasing government investments in GNSS infrastructure.

The multi-band global navigation satellite system (GNSS) receiver market size is expected to see rapid growth in the next few years. It will grow to $5.04 billion in 2029 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period is expected to be fueled by rising demand for high-accuracy positioning in precision agriculture, growing need for high-precision applications, expansion of urban air mobility, increasing reliance on location-based services, and rising demand for real-time data processing. Key trends in the forecast period include development of multi-band GNSS receivers, advancements in multi-band receiver technology, integration with 5G networks, collaborations and partnerships, and adoption of GPS in smart healthcare and tracking solutions.

The increasing adoption of autonomous vehicles is expected to drive the growth of the multi-band global navigation satellite system (GNSS) receiver market. Autonomous vehicles are self-driving systems that rely on sensors and artificial intelligence to navigate and operate without human intervention. Their adoption is rising as concerns over road safety create demand for technologies that reduce accidents caused by human error while enabling more reliable and efficient transportation. Multi-band GNSS receivers support these vehicles by delivering highly accurate real-time positioning from multiple satellite signals, facilitating safer and more precise navigation. For example, the Insurance Institute for Highway Safety projects that the number of self-driving vehicles on U.S. roads will reach 3.5 million by 2025 and 4.5 million by 2030. The growing presence of autonomous vehicles is therefore driving the multi-band GNSS receiver market.

Key companies in the multi-band GNSS receiver market are focusing on developing multi-constellation GNSS smart antenna receivers to improve accuracy, reliability, and performance across various navigation applications. These receivers use intelligent antennas to capture signals from multiple satellite systems simultaneously, enhancing positioning precision and system reliability. For instance, in September 2024, Quectel Wireless Solutions launched the QLM29H series, a dual-band, multi-constellation GNSS smart antenna receiver that integrates the LC29H GNSS module with a patch antenna. This receiver supports global constellations such as GPS, GLONASS, Galileo, BDS, and NavIC on L1 and L5 frequency bands, improving positioning accuracy and reducing multipath interference, particularly in complex urban environments. It offers autonomous positioning accuracy of one meter and centimeter-level precision in RTK versions, along with dead reckoning for reliable operation in areas with weak or no GNSS signals.

In March 2025, Hexagon AB, a Sweden-based provider of sensor fusion technologies and autonomous platforms, acquired Septentrio NV, a Belgium-based high-precision GNSS technology provider. This acquisition aims to strengthen Hexagon's capabilities in mission-critical navigation and autonomy solutions, expanding its presence in resilient positioning systems for robotics, UAVs, and other autonomous platforms.

Major players in the multi-band global navigation satellite system (GNSS) receiver market are Raytheon Technologies Corporation, Broadcom Inc., Qualcomm Technologies Inc., STMicroelectronics, Garmin Ltd., Trimble Inc., Quectel Wireless Solutions Co. Ltd., Topcon Corporation, Hexagon AB, Furuno Electric Co. Ltd., u-blox AG, NovAtel Inc., Satlabs Geosolutions AB, Unicore Communications Inc., LOCOSYS Technology Inc., SkyTraq Technology Inc., Allystar Technology Co. Ltd., NavCom Technology Inc., ComNav Technology Ltd., Navika Electronics, Tersus GNSS Inc.

North America was the largest region in the multi-band global navigation satellite system (GNSS) receiver market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in multi-band global navigation satellite system (GNSS) receiver report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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.

The multi-band global navigation satellite system (GNSS) receiver market research report is one of a series of new reports that provides multi-band global navigation satellite system (GNSS) receiver market statistics, including multi-band global navigation satellite system (GNSS) receiver industry global market size, regional shares, competitors with a multi-band global navigation satellite system (GNSS) receiver market share, detailed multi-band global navigation satellite system (GNSS) receiver market segments, market trends and opportunities, and any further data you may need to thrive in the multi-band global navigation satellite system (GNSS) receiver industry. This multi-band global navigation satellite system (GNSS) receiver 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.

A multi-band global navigation satellite system (GNSS) receiver is a sophisticated device that captures and processes signals from multiple global navigation satellite systems simultaneously across various frequency bands. It ensures uninterrupted and stable satellite signal reception, offering enhanced accuracy, stronger signal reliability, and improved resistance to interference and signal degradation, consistently providing precise positional information.

The primary types of multi-band GNSS receiver products include handheld receivers, fixed receivers, wearable receivers, and others. Handheld receivers are portable devices designed for mobility, ease of use, and flexibility during field operations. They support multiple frequency bands, including dual-band, triple-band, quad-band, and others, and are distributed through direct sales, distributors or resellers, online channels, and other methods. These receivers are used in applications such as surveying and mapping, precision agriculture, marine navigation, aviation, automotive, military and defense, and others, serving end-users across commercial, industrial, government, and other sectors.

The countries covered in the multi-band global navigation satellite system (GNSS) receiver market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The multi-band global navigation satellite system (GNSS) receiver market consists of sales of GNSS receiver modules, multi-frequency antennas, navigation systems, timing devices, and geospatial surveying equipment. 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.

This product will be delivered within 3-5 business days.