Global GPS positioning system Market Size To Exceed USD 166.10 Billion By 2033: Market Size Report

Global GPS positioning system Market Size To Exceed USD 166.10 Billion By 2033

According to a research report published by Spherical Insights & Consulting, The Global GPS positioning system Market Size is Expected to Grow from USD 37.15 Billion in 2023 to USD 166.10 Billion by 2033, Growing at a CAGR of 16.16% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global GPS positioning system Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Software, Services), By Application (Transportation, Military & Defense, Agriculture, Construction, Consumer Electronics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

The worldwide global positioning system (GPS) is a space-based global navigation satellite system that provides precise location and timing information under all weather circumstances, anywhere on the Earth. The demand for accurate and real-time positioning data has increased due to the widespread use of smartphones and other wearable technology. Furthermore, more advanced GPS applications in fields like smart cities and driverless cars are made possible by developments in GIS (Geographic Information Systems) and IoT (Internet of Things) technologies. Moreover, the growing use of GPS technology across a range of industries, with developments in satellite and communication technologies, propelling the market. However, the privacy issues surrounding GPS technology with susceptible to spoofing attempts hinder the market growth.

The software segment held the highest share of the global GPS positioning system market in 2023 and is predicted to grow at a significant CAGR over the forecast period.

On the basis of the component, the global GPS positioning system market is classified into hardware, software, and services. Among these, the software segment held the highest share of the global GPS positioning system market in 2023 and is predicted to grow at a significant CAGR over the forecast period. This segment growth is driven because of the growing complexity of applications and the requirement for real-time data processing.

The military & defense segment accounted for a significant share of the global GPS positioning system market in 2023 and is expected to grow at a rapid pace over the forecast period.

On the basis of the application, the global GPS positioning system market is segmented into transportation, military & defense, agriculture, construction, consumer electronics, and others. Among these, the military & defense segment accounted for a significant share of the global GPS positioning system market in 2023 and is expected to grow at a rapid pace over the forecast period. This is due to ongoing development in defense system investments and the growing deployment of cutting-edge technologies that assist national security.  

Europe is estimated to hold the highest share of the global GPS positioning system market over the forecast period.

Europe is projected to hold the highest share of the global GPS positioning system market over the forecast period. The regional market growth is influenced by technology being used in industries like automotive, aerospace, and transportation, to strengthening public safety and transportation infrastructure. Furthermore, the increasing use of precision farming techniques in Europe is anticipated to accelerate market expansion in the agriculture industry.

North America is estimated to grow at the fastest CAGR of the global GPS positioning system market over the forecast period. The regional market growth is accelerated because of the growing need for GPS systems across various industries, particularly for military & defense, and transportation. Additionally, the growing acceptance of autonomous vehicles and projects like smart cities has led to early adoption of novel technical solutions, driving the market growth.

Company Profiling 

Major vendors in the global GPS positioning system market are Garmin Ltd., Trimble Inc., TomTom N.V., Hexagon AB, Topcon Corporation, MiTAC International Corporation, Navico, Furuno Electric Co., Ltd., Raytheon Technologies Corporation, Qualcomm Technologies, Inc., Broadcom Inc., Honeywell International Inc., Rockwell Collins (Collins Aerospace), Magellan Navigation, Inc., Hemisphere GNSS, Inc., Septentrio N.V., Leica Geosystems AG, u-blox AG, JAVAD GNSS, Inc., AgJunction Inc., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In March 2025, Maxar introduced a groundbreaking software suite called Raptor, designed to enable autonomous drones to navigate and extract precise ground coordinates without relying on GPS. This innovation leverages Maxar's extensive 3D global terrain data, covering over 90 million square kilometers worldwide, and utilizes the drone's native camera for navigation.

Market Segment                                           

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global GPS positioning system market based on the below-mentioned segments: 

Global GPS Positioning System Market, By Component

• Hardware
• Software
• Services

Global GPS Positioning System Market, By Application

• Transportation
• Military & Defense
• Agriculture
• Construction
• Consumer Electronics
• Others

Global GPS Positioning System Market, By Regional

•  North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa