SkyQuest Technology Group recently introduced GPS Market study with in-depth overview, describing about the Product/Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. The GPS Market has witnessed Excellent growth over the past decade and is expected to maintain its upward trajectory.
GPS Market size was valued at USD 2.02 Billion in 2023 and is poised to grow from USD 2.25 Billion in 2024 to USD 5.15 Billion by 2032, growing at a CAGR of 11.56% during the forecast period (2025-2032).
An unobstructed line of sight to four or more GPS satellites on or near the Earth is required for a Global Positioning System (GPS) to provide position and timing information in all weather circumstances. Globally, GPS offers vital capabilities to users in the military, civil service, and business sectors. Anyone with a GPS receiver can access it, which is run by the American government. Since more businesses are adopting cutting-edge technology, the market for GPS (Global Positioning System) tracking devices is growing. In addition, it is anticipated that the demand for GPS-enabled smartphones would rise as e-hailing services become more widely used. Over the forecasted period, the market is also anticipated to be driven by an increase in smart mobility applications, including navigation, fleet management, satellite road traffic monitoring, and others.
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The 2025 global GPS Market report provides a comprehensive analysis of key industry players, market trends, pricing structures, and competitive dynamics, offering insights into the market landscape from 2025 to 2032. As a rapidly evolving sector, the GPS Market drives economic growth, innovation, and technological advancements through the development, production, and distribution of products and services. This report highlights the market’s growth potential and its impact on global industries, providing valuable insights for stakeholders, investors, and policymakers.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2032, Y-o-Y growth rate, and CAGR):
The GPS Market can be segmented based on several factors, including product type, application, end-user, and distribution channel.
Tracking Device
Satellite, Cellular
Type
Data Loggers, Data Pushers, Data Pullers
Technology
Standalone Tracker, Advance Tracker, OBD Device
End User
Automotive, Aerospace and Defence, Healthcare, Transportation, Metal and Mining, Others
Application
Vehicle Tracking, Fleet Management, Car Rental Services, Stolen Vehicle Recovery, Asset Tracking, Equipment and Machinery, Cargo and Freight, Personal Tracking, Elderly and Patient Safety, Fitness and Sports, Pet Tracking
GPS Market – Regional Analysis:
– GPS North America Market includes (Canada, Mexico, USA)
– GPS Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
– GPS Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
– GPS South America Market includes (Brazil, Argentina)
– GPS Oceania Market (Australia & New Zealand)
Top Market Players in GPS Market are:
Garmin (United States)
TomTom (Netherlands)
Qualcomm (United States)
Broadcom (United States)
MediaTek (Taiwan)
u-blox (Switzerland)
Telit (United Kingdom)
Quectel (China)
Fibocom (China)
Sierra Wireless (Canada)
Navico (Norway)
Trimble (United States)
HERE Technologies (Germany)
Esri (United States)
Google (United States)
Apple (United States)
Thales (France)
Raytheon Technologies (United States)
Lockheed Martin (United States)
Boeing (United States)
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FAQ
– What challenges and constraints are affecting the market?
– What geographical variables are influencing the GPS market?
– How does the Value Chain concept offer insights into market dynamics?
– Which country dominates the market?
– Which is the leading formulation type for GPS Market?
Forward-Looking Insights
The GPS Market is set to experience sustained growth, fueled by technological advancements, broader global market access, and rising industry demand. With the industry addressing emerging challenges and capitalizing on new opportunities, it is expected to drive innovation and play a pivotal role in advancing global health and economic progress.
About Company:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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USA (+1) 351-333-4748
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