Registering a CAGR of 4.6% over the forecast period, the market value of GNSS (Navigation Satellite System) Positioning Chips is expected to reach US$ 2430 million in the year 2027.
The constellation of satellites that deliver signals from space, transmit positioning, and data time to GNSS receivers is known as a global navigation satellite system (GNSS). The receivers then combine the data with other sensors to identify other aspects like location, speed, and altitude.
As the number of consumer items with navigation and positioning capabilities develops, low-power GNSS chips are expected to be in great demand. Wearables with cutting-edge technology are in high demand right now. Fitness bands and smartwatches are currently worn by nearly half of the world's population. GNSS chips are extensively employed in these devices to offer users precise location information when running, walking, or driving, allowing them to stay in touch with loved ones.
The report aspects discussed the profile of the top manufacturers of the global GNSS (Navigation Satellite System) Positioning Chips market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined GNSS (Navigation Satellite System) Positioning Chips Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
The global GNSS (Navigation Satellite System) Positioning Chips includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Qualcomm Technologies, Inc. (NASDAQ: QCOM), Broadcom Inc. (NASDAQ: AVGO), MediaTek Inc. (TPE: 2454), U-blox, STMicroelectronics (NYSE: STM), Furuno Electric Co., Ltd., unicorecomm, MENGXIN TECHNOLOGY, Allystar Technology Ltd., Hangzhou Zhongke Microelectronics Co., Ltd., Techtotop and others.
Industry News and Updates:
Qualcomm and Alps Alpine Advance Lane-Level Vehicle Positioning in GNSS Challenged Environments for Enhanced Driver Safety & Convenience with New Camera-Based Positioning Technology, “ViewPose”
JAN 26, 2021- Qualcomm Technologies, Inc. and Alps Alpine Co., Ltd. today announced the companies’ efforts to deliver a new camera-based sensing and positioning device, ViewPose, to support absolute lane-level vehicle positioning in virtually all environments. In creating this new device, Alps Alpine is leveraging multiple solutions from Qualcomm Technologies, including the Qualcomm Snapdragon Automotive 5G platform, which supports Multi-Frequency Global Navigation Satellite System (MF-GNSS), and a 3rd Generation Qualcomm Snapdragon Automotive Cockpit Platform for the processing and stitching of multiple camera images.
STMicroelectronics’ Automotive-Qualified Navigation Module with Dead Reckoning Simplifies Design and Boosts Performance
25 Oct 2021- To support the positioning market with state-of-the-art GNSS chipset and modules, STMicroelectronics has introduced the Teseo-VIC3DA, the latest member of the Teseo module family. Teseo-VIC3DA combines ST’s high-performing Automotive Teseo III GNSS1 IC with the automotive 6-axis MEMS inertial measurement unit (IMU) and dead reckoning software to create a convenient, automotive-qualified navigation module.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
High-precision GNSS Positioning Chips
Standard-precision GNSS Positioning Chips
By Application, it is segmented into
Personal Navigation Equipment
During the projected period, the GNSS chip market for in-vehicle systems is expected to hold the greatest market share. The in-vehicle systems are mounted on excavators, dozers, graders, and scrapers used in the construction industry and use GNSS chips to provide precise positioning. In-vehicle systems are thought to be appropriate for navigation applications since they can provide real-time information on the present status of the cars and guide the drivers accordingly. Additionally, these systems can incorporate infotainment technology, which improves driving experiences as well as a vehicle's appearance.
The leading consumer electronics manufacturers in APAC are focusing on releasing new and innovative goods that require real-time data for tracking and recording specific locations utilizing various devices such as smartphones, wearable devices, tablets, and other similar gadgets. As a result, the GNSS chip market in APAC is rising due to ongoing technical improvements in the consumer electronics sector and the growing popularity of wearable devices in the region.
The GNSS (Navigation Satellite System) Positioning Chips Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global GNSS (Navigation Satellite System) Positioning Chips Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
GNSS (Navigation Satellite System) Positioning Chips Market Size and Research, CAGR Status, Growth Analysis, Business Updates, key market players: Qualcomm Technologies Inc. (NASDAQ: QCOM), Broadcom Inc. (NASDAQ: AVGO), STMicroelectronics (NYSE: STM)
Forecast Period 2022 to 2027 CAGR
CAGR of 4.6% over the forecast period (2022-2027)
Qualcomm Technologies, Inc. (NASDAQ: QCOM), Broadcom Inc. (NASDAQ: AVGO), MediaTek Inc. (TPE: 2454), U-blox, STMicroelectronics (NYSE: STM), Furuno Electric Co., Ltd., unicorecomm, MENGXIN TECHNOLOGY, Allystar Technology Ltd., Hangzhou Zhongke Microelectronics Co., Ltd., Techtotop and others.
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
This research gives an analytical presentation of the GNSS Chip Market, as well as current trends and future projections, in order to identify the most potential investment opportunities.
The research includes a complete analysis of the GNSS Chip Market share as well as information on key drivers, restraints, and opportunities.
To depict the GNSS Chip Market growth scenario, the existing market is statistically examined from 2022 to 2027.
Porter's Five Forces analysis depicts the market's potency of buyers and providers.
The study examines the GNSS Chip Market in-depth, focusing on competitive intensity and how the market will evolve in the following years.
Frequently Asked Questions
What is the growth rate of the GNSS (Navigation Satellite System) Positioning Chips Market?
The GNSS (Navigation Satellite System) Positioning Chips Market is growing at a CAGR of 4.6% over the next 5 years.
Which segment provides the most opportunity for growth?
During the projected period, the GNSS chip market for in-vehicle systems is expected to grow rapidly.
Which region has the highest growth rate in the Global Navigation Satellite System Chip Market?
Asia Pacific is growing at the highest CAGR over 2022- 2027.
What is the leading segment in this Market?
For the forecast period, the global constellation segment and the road segment are expected to be the dominant segments in this market.
All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
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REPORT WRITING/ PRESENTATION
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