A GNSS chip or Global Navigation Satellite System (GNSS) receiver is
utilized along with GPS in many applications. This GNSS chip or GNSS
receiver is an electronic component that receives signals and
processes the signals from GNSS satellite constellation digitally.
GNSS chip is employed as a complete solution for accurate positioning
and navigation-based applications. This is primarily utilized in
smartphones, tablets, individual navigation devices, timing and
synchronization, and telematics.
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In terms of type, the GNSS chip market can be segmented into hardware
GNSS chip and software GNSS chip. Additionally, in terms of
applications, the GNSS chip market can be segmented into surveying,
navigation, mapping, location-based services, timing and
synchronization, and telematics among others. Moreover, in terms of
end-user industry, the GNSS chip market can be segmented into
construction, consumer electronics, agriculture, military and
defense, automotive, marine, and transport. In terms of geography,
the GNSS chip market is segmented into Asia Pacific (APAC), Europe,
North America, Latin America, and Middle East & Africa (MEA).
Significant increase in the demand for consumer electronics goods and
expansion of the telecommunications industry is an opportunity for
manufacturers to explore to start new ventures. This is contributing
to the expansion of the GNSS chip market. Furthermore, continuous
increase in the demand for location-based products and services is a
key factor contributing to the expansion of the GNSS chip market.
Expansion of end-user industries such as telecommunications and IT is
anticipated to be the key driver for expansion of the GNSS chip
market during the forecast period. Increase in demand for smartphones
in developing countries and the requirement for real-time data and
information with regard to exact location of individuals and
vehicles, increase in demand for personal navigation devices and
tablets are prominent factors that have led to increased usage of
GNSS chips or receivers to meet the navigation and location-based
needs.
Increase in location-based services such as disaster management,
emergency support, mapping, discovery and entertainment, leisure and
social networking, location-based games and applications,
location-based real time data and location-based advertising and
tracking have contributed to the increase in demand for GNSS Chips.
Rapid urbanization and increase in population has led to the rise in
demand for GNSS chips in the market. Moreover, increased demand for
fast internet-based applications such as driving, multi-user gaming,
distance learning, and video calling are playing an important role
in driving the expansion of the GNSS chip market. New product
development to meet the technological needs of dead reckoning (DR)
and high positioning rate are notable factors fueling the expansion
of the GNSS chip market. Additionally, expansion in the e-commerce
industry is a major factor to drive the expansion of the GNSS chip
market. With an increase penetration of internet technology the GNSS
market is also expected to grow exponentially.
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Asia Pacific (APAC) is the dominant market for GNSS chip followed by
North America. In terms of market share, Asia Pacific (APAC) is the
rapidly growing segment of the GNSS chip market. North America is the
second leading market in the GNSS chip market and the U.S. and Canada
are among the leading contributors in the region. In Asia Pacific,
Japan and China are the leading contributors to the rapidly growing
market in the region. Significant growth in GNSS chips market comes
from China, India, and Japan due to their high populations.
The GNSS chip market is a fragmented with many established players
with random market share. Key players in GNSS Chips market are
Qualcomm Incorporated, ST Microelectronics N.V., Mediatek Inc.,
U-Blox Holdings AG, Intel Corporation, Furuno Electric Co., Ltd.,
Broadcom Corporation, Quectel Wireless Solutions Co., Ltd., Skyworks
Solutions, Inc., and Navika Electronics.
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