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.
GNSS (Navigation Satellite System) Positioning Chips Market Overview
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.
Who are the Major Players in the GNSS (Navigation Satellite System) Positioning Chips Market?
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.
What are the major Applications, Types, and Regions for the GNSS (Navigation Satellite System) Positioning Chips Market?
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
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.
GNSS (Navigation Satellite System) Positioning Chips Market Regional Analysis
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.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
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.
What is our GNSS (Navigation Satellite System) Positioning Chips Market to report scope?
Report Attributes
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Report Details
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Report Title
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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)
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Forecast Period 2022 to 2027 CAGR
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CAGR of 4.6% over the forecast period (2022-2027)
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By Type
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- High-precision GNSS Positioning Chips
- Standard-precision GNSS Positioning Chips
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By Application
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- Smartphone
- Tablet PC
- Personal Navigation Equipment
- On-board System
- Wearable System
- Digital Camera
- Others
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By Companies
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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.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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158
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this GNSS (Navigation Satellite System) Positioning Chips Report
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.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
