The global GPS and GNSS Receivers market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.

GPS and GNSS receivers are electronic devices that are intended to receive signals from constellations of satellites orbiting the Earth and use that information to determine the position, velocity, and time of the receiver. Particularly, GPS receivers pick up signals from the constellation of satellites that the US government uses for its GPS system. By transmitting accurate timing signals and orbital data, these satellites enable listeners to determine the separation between each satellite. Conversely, GNSS receivers have the ability to receive signals from a variety of satellite constellations, such as the US GPS system, Russia's GLONASS, the EU's Galileo system, China's BeiDou system, and maybe other regional systems.

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• Growing demand for accurate location services
• Rise in adoption of smartphones and wearable devices