Global GNSS Chip Market Overview:
A GNSS (Global Navigation Satellite System) chip is employed to locate the geographic location of a user’s receiver anyplace within the world. It uses a version of triangulation to find the user, through calculations involving info from a number of satellites. Every satellite transmits coded signals at precise intervals. The receiver converts signal info into position, velocity, and time estimates. Using this info, any receiver on or close to the earth's surface can calculate the precise position of the sending satellite and also the distance (from the transmission time delay) between it and the receiver. Coordinating current signal information from four or more satellites allows the receiver to determine its position.
As per latest study released by AMA Research, the Global GNSS Chip market is expected to see growth rate of 7.6% and may see market size of USD6.02 Billion by 2030.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The Rising Demand for Personal Navigation Devices
Market Growth Drivers:
High Penetration of Consumer Electronic Devices, Increasing Demand for Accurate Real-Time Data, The Rising Demand for High-Speed Internet and Network Coverage Such as 4g/5g Enabled Devices and Growing Popularity of IoT
Challenges:
Indoor Navigation
Restraints:
High Preliminary Investments in Agricultural Applications
Opportunities:
Increasing Demand for Unmanned Aerial Vehicles (UAVS) in Numerous Applications and A Rising Demand for Wearables Electronics
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market
Some of the key players profiled in the report are Qualcomm Incorporated (United States), Stmicroelectronics N.V. (Switzerland), Mediatek Inc. (Taiwan), U-Blox Holdings AG (Switzerland), Broadcom Corporation (Singapore), Intel Corporation (United States), Furuno Electric Co., Ltd. (Japan), Skyworks Solutions, Inc. (United States), Quectel Wireless Solutions Co., Ltd. (China) and Navika Electronics (Singapore). Additionally, following companies can also be profiled that are part of our coverage like Eagle Uav Services (United States), Misfit Inc. (United States) and Hemisphere GNSS (United States). Analyst at AMA Research see United States, Singapore Players to retain maximum share of Global GNSS Chip market by 2030. Considering Market by Vertical, the sub-segment i.e. Consumer Electronics will boost the GNSS Chip market. Considering Market by Device, the sub-segment i.e. Smartphones will boost the GNSS Chip market.
Latest Market Insights:
In March 2023, Skyworks Solutions, an American supplier of analog semiconductors, announced the launch of a new high-performance GNSS front-end module that is designed to improve the accuracy and performance of GNSS receivers.
What Can be Explored with the GNSS Chip Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global GNSS Chip Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in GNSS Chip
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global GNSS Chip market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in GNSS Chip market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Associations and industrial bodies, Chip manufacturers, Consumer electronics and other electronics device manufacturers, Wearable device manufacturers, Research and development organizations, System integrators and Technology providers and investors.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.