The global GNSS chip market is projected to reach US$ 6.65 billion by 2029, demonstrating a robust CAGR of 7.9% throughout the forecast period.
Market Overview
As of the most recent GNSS Chip Market update, the global economic landscape reflects a dynamic interplay of various factors. Major financial markets continue to navigate the aftermath of the unprecedented events that unfolded in recent years, such as the global pandemic and geopolitical shifts. Equities have demonstrated resilience amid ongoing uncertainties, propelled by technological advancements, innovation, and accommodative monetary policies. However, challenges persist, including inflationary pressures, supply chain disruptions, and regulatory changes in various sectors. Investors are closely monitoring central bank decisions, fiscal policies, and emerging trends to assess potential opportunities and risks. The market’s response to evolving conditions underscores the importance of adaptability and strategic planning for both businesses and investors in this complex and ever-changing environment.
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Report Scope:
The report offers comprehensive insights into the global GNSS chip market, covering market trends, drivers, restraints, segmentation, regional analysis, and key player strategies.
Research Methodology:
The research methodology employed for this report involves thorough primary and secondary research, including data collection from industry experts, company reports, and market databases.
Drivers:
The growth of the GNSS chip market is primarily driven by the increasing adoption of augmented reality (AR) technology, which relies heavily on GNSS for real-time spatial tracking and integration with digital environments.
Restraints:
High power consumption and lack of precision in GNSS systems pose challenges to market growth, particularly in applications like autonomous driving.
Segmentation:
The smartphone segment is anticipated to witness the highest growth rate, fueled by rising demand in emerging markets and the need for real-time location-based services.
by GNSS Receiver
Global Positioning System (GPS)
Galileo
Global Navigation Satellite System (GloNASS)
Satellite-Based Augmentation System (SBAS)
Beidou Navigation Satellite System
by Device
Smartphones
Tablets
Personal Navigation Devices
In-Vehicle systems
Others
by Application
Navigation
Mapping
Surveying
Location-Based Services
Telematics
Timing and Synchronization
Others
by Vertical
Consumer Electronics
Construction
Agriculture
Automotive
Military & Defense
Marine
Transport
Regional Insights:
Asia Pacific is poised to be the fastest-growing market, driven by rapid urbanization, population growth, and increasing adoption of IoT and consumer electronics devices, particularly in countries like China, Japan, and South Korea.
Market Key Players
1. Qualcomm Incorporated
2. Intel Corporation
3. Broadcom Corporation
4. Skyworks Solution, Inc.
5. STMicroelectronics N.V.
6. Mediatek Inc.
7. U-Blox Holdings AG
8. Furuno Electric Co., Ltd.
9. Quectel Wireless Solutions Co., Ltd.
10. Navika Electronics
11. FURUNO ELECTRIC CO.F, LTD.
12. Belden Inc.
13. JAPAN RADIO CO
14. KATHREIN-SE LAIRD
15. PULSE ELECTRONICS
16. TE CONNECTIVITY
17. Blue planet Geomatics
18. Eos Positioning Systems
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Key questions answered in the GNSS Chip Market report include:
What is GNSS Chip ?
What factors drive GNSS Chip Market growth?
What are the main challenges for GNSS Chip Market growth?
What was the GNSS Chip market size in 2023?
Which trends are expected to contribute to GNSS Chip market growth?
What recent industry trends can generate additional revenue streams for the GNSS Chip Market?
What growth strategies are players considering to increase their foothold in the GNSS Chip Market?
Who held the largest market share in the GNSS Chip Market?
Key Offerings:
Past Market Size and Competitive Landscape (2021 to 2023)
Past Pricing and price curve by region (2021 to 2023)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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