GPS Modules: Market Size & Forecast 2026

The global GPS and GNSS module market sits at approximately USD 4.8 billion in 2025 (base year), growing at roughly 8.2 percent CAGR through 2032 to reach approximately USD 8.4 billion. The market is structurally balanced between mature standalone-receiver commoditisation and rapid RTK high-precision adoption for autonomous-driving and precision-agriculture applications. Semiconductor wafer availability and multi-constellation chipset pricing are the dominant cost drivers; a USD 12.5 automotive-grade multi-constellation module breaks down to roughly 42 percent GNSS chipset cost, with antenna, PCB, and assembly consuming the remainder. The US-China tariff stack at roughly 35 percent combined (Section 122 surcharge plus Section 301 List 3 duty on Chinese-origin modules) is the single most under-priced landed-cost inflection for buyers sourcing from East Asia. > **Analyst Take.** Our view:

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