Global GNSS Chip Market Size, Trends & Growth Opportunity and By Device (Tablets, Smartphones, and In-Vehicle Systems), By Application (Mapping, Navigation, Surveying, Telematics, and Location-based Services), By Region and Forecast till 2027.
Report ID : IR100426 | Industries : Energy & Power | Published On :May 2024 | Page Count : 244
Global GNSS Chip Market Size, Trends & Growth Opportunity and By Device (Tablets, Smartphones, and In-Vehicle Systems), By Application (Mapping, Navigation, Surveying, Telematics, and Location-based Services), By Region and Forecast till 2027.
Global GNSS Chip Market
The Global GNSS Chip Market is expected to grow from US$ 5,669.00 Million in 2021 to US$ 8,324.27 Million by 2027; it is estimated to grow at a CAGR of 6.61% from 2021 to 2027.
GNSS chips are known as global navigation satellite system which is used for locating the geographical position of user anywhere on earth. These are mainly used for navigation and tracking purposes in various devices. They are integral part of smartphones enabling users to navigate through paths, get accurate solutions, directions etc.
Market Drivers
Rise in demand for unmanned aerial vehicles is one of the key driving factors which are expected to boost the global GNSS chip market growth. An unmanned aerial vehicle is a system which aircraft remotely operated by an autonomous computer that has found its way to several applications for monitoring, mapping of large scale areas, and real-time assessment. Furthermore, increase in demand for 4G and 5G network coverage and high speed internet will propel the growth of global GNSS chip market during this forecast period.
Market Restraints
However, a high initial investment is required in agricultural sector is the major restraining factor which is expected to hamper the global GNSS chip market growth.
Market Opportunity
The growing demand for unmanned aerial vehicles (UAV) in a variety of applications represents a significant opportunity in the global GNSS chip market. The vast untapped uses of UAVs in civil and military fields are offering enormous prospects for the market's leading participants.
Impact of Covid-19
The onset of the COVID-19 pandemic has had a significant impact on practically all businesses. As the COVID-19 pandemic unfolds, regulatory organisations around the world are under pressure to implement stringent lockdowns and travel bans. Furthermore, this has had a significant impact on the expansion of the GNSS chip market.
The COVID-19 pandemic impacted supply chain systems since a lot of critical equipment and commodities are heavily reliant on imports from other nations. Furthermore, the stringent command of the governing authorities to obey social distancing standards caused the businesses to work with a minimum workforce, resulting in a fall in the sectors' production rate. As a result, all of these variables have a detrimental impact on the growth of the GNSS chip industry.
Segmentation By Device: GNSS Chip Market is classified on the basis of Device into Tablets, Smartphones, and In-Vehicle Systems.
Segmentation By Application: GNSS Chip Market is classified on the basis of Application into Mapping, Navigation, Surveying, Telematics, and Location-based Services.
Segmentation By Region: GNSS Chip Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Throughout the projection period, Asia Pacific is predicted to be the fastest-growing market for the GNSS chip. Rapid urbanisation and a growing population are two significant factors driving the expansion of these sectors. In the future years, the Asia Pacific construction industry will continue to account for the lion's share of the GNSS chip market.
Market Key Players
Various key players are discussed in report such as Qualcomm Incorporated, Quectel Wireless Solutions Co., Ltd., Skyworks Solutions, Inc., Furuno Electric Co., Ltd., Intel Corporation, Broadcom Corporation, U-Blox Holdings AG, Mediatek Inc.,and Stmicroelectronics N.V.
Industrial Development
• U-Blox unveiled the ALEX - R5 module in January 2021, which mixes low-power wide-area (LPWA) cellular connectivity and GNSS technologies into a system-in-package. The UBX - R5 LTE - M/NB-IoT chipset with secure cloud capabilities and the U-Blox M8 GNSS chip for acceptable location accuracy for healthcare applications are the two important pieces.
• December 2021 - MediaTek announced device maker approval and endorsements for its Dimensity 9000 5G smartphone chip for next-generation flagship smartphones from OPPO, Vivo, Xiaomi, and Honor. The first flagship smartphones equipped with the Dimensity 9000 will be available in the first quarter of 2022. Smartphone users can enjoy flawless connectivity because the CPU supports the most recent Wi-Fi, Bluetooth, and GNSS standards.
Market Taxonomy
By Device
• Tablets
• Smartphones
• In-Vehicle Systems
By Application
• Mapping
• Navigation
• Surveying
• Telematics
• Location-based Services
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in GNSS Chip Market?
• What will be the growth rate from 2021 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global GNSS Chip Market Toc:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global GNSS Chip Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global GNSS Chip Market, By Device
5.1 Y-o-Y Growth Comparison, By Device
5.2 Global GNSS Chip Market Share Analysis, By Device
5.3 Global GNSS Chip Market Size and Forecast, By Device
5.3.1 Tablets
5.3.2 Smartphones
5.3.3 In-Vehicle Systems
6 Global GNSS Chip Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global GNSS Chip Market Share Analysis, By Application
6.3 Global GNSS Chip Market Size and Forecast, By Application
6.3.1 Mapping
6.3.2 Navigation
6.3.3Surveying
6.3.4Telematics
6.3.5Location Based Services
7 Global GNSS Chip Market, By Region
7.1 Global GNSS Chip Market Share Analysis, By Region
7.2 Global GNSS Chip Market Share Analysis, By Region
7.3 Global GNSS Chip Market Size and Forecast, By Region
8 North America GNSS Chip Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America GNSS Chip Market Share Analysis, By Device
8.3 North America GNSS Chip Market Size and Forecast, By Application
8.4 North America GNSS Chip Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 Europe GNSS Chip Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe GNSS Chip Market Share Analysis, By Device
9.3 Europe GNSS Chip Market Size and Forecast, By Application
9.4 Europe GNSS Chip Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific GNSS Chip Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific GNSS Chip Market Share Analysis, By Device
10.3 Asia Pacific GNSS Chip Market Size and Forecast, By Application
10.4 Asia Pacific GNSS Chip Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America GNSS Chip Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America GNSS Chip Market Share Analysis, By Device
11.3 Latin America GNSS Chip Market Size and Forecast, By Application
11.4 Latin America GNSS Chip Market Size and Forecast, By Country
12 Middle East GNSS Chip Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East GNSS Chip Market Share Analysis, By Device
12.3 Middle East GNSS Chip Market Size and Forecast, By Application
12.4 Middle East GNSS Chip Market Size and Forecast, By Country
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
15.1 Qualcomm Incorporated
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Quectel Wireless Solutions Co., Ltd
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Skyworks Solutions, Inc
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Furuno Electric Co., Ltd
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Intel Corporation
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Broadcom Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 U-Blox Holdings AG
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Mediatek Inc
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Stmicroelectronics N.V
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies