About GPS Chips
Just like a regular GPS device, a micro GPS chip works. It obtains global positioning system (GPS) signals from satellites and is able to transmit data to a controlling device like user personal computer or mobile phone using wireless connectivity. Typically, a global positioning system (GPS) tracking app is mounted to display the location of the microchip. Some of the major advantages of global positioning system (GPS) chips are cell phone tracker, criminal tracker and others. Global positioning system (GPS) microchips installed on mobile phones offer tracking and navigation information and communications activity on the phone.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the GPS Chips market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for GPS Chips market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global GPS Chips market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Broadcom Inc. (United States), Garmin Corp (United States), Omnitracs, LLC. (United States), SiRF Technology, Inc. (United States), SPK ELECTRONICS CO. (Taiwan), Maxim Integrated (United Staes), SparkFun Electronics (United States), FURUNO ELECTRIC CO. LTD (Japan), SAN JOSE TECHNOLOGY, INC (Taiwan) and Skyworks Solutions, Inc (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are U-Blox (Switzerland), Xi'an Aerospace Huaxun Technology (China), DecaWave Limited (Ireland), OriginGPS Ltd. (Israel), Central Electronics Limited (India) and NovAtel Inc (Canada).
Segmentation Overview
AMA Research has segmented the market of Global GPS Chips market by Type (Simple Type GPS Chips, Professional Type GPS Chips and Other), Application (Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government and Others {Education, Retail, Hospitality, Agriculture, Healthcare, others}) and Region.
On the basis of geography, the market of GPS Chips has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the GPS Chips market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement regarding GPS Chips
Market Growth Drivers:
Growth of Commercial Vehicles and Smaller Size, Longer Life and Increasing usage of GPS Chips in various application
Challenges:
Lack of Awareness regarding GPS Chips
Restraints:
Increasing Adoption of Hardware Agnostic Tracking Solutions
Opportunities:
Growing Demand from Emerging Economics such as China, India, among others
Market Leaders and their expansionary development strategies
In November 2023, Reliance Jio has launched JioMotive, the company’s latest smart device for cars. The JioMotive is an On-Board Diagnostics (OBD) device that says it can make your car smarter.
In April 2023, Elena Geo Systems Launched Indigenous Chip For Satellite Navigation. The chip can have applications in civilian and defence sectors. The chip that could form the core of navigation works using navigation with Indian Constellation (NavIC) or the Indian Regional Navigation Satellite System (IRNSS) satellites.
Key Target Audience
GPS Chips Manufacturers, Industry Association, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.