GNSS Chip Market Report: Trends, Forecast and Competitive Analysis to 2030

GNSS Chip Trends and Forecast

The future of the global GNSS chip market looks promising with opportunities in the consumer electronics, construction, agriculture, automotive, military & defense, marine, and transport markets. The global GNSS chip market is expected to reach an estimated $8.4 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are rising demand for accurate real-time data and increasing popularity of IoT.

A more than 150-page report is developed to help in your business decisions.

GNSS Chip by Segment

The study includes a forecast for the global GNSS chip by device, application, end use industry, and region.

GNSS Chip Market by Device [Shipment Analysis by Value from 2018 to 2030]:

• Smartphones
• Tablets
• Personal Navigation Devices
• In-Vehicle Systems
• Others

GNSS Chip Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Navigation
• Mapping
• Surveying
• Location-Based Services
• Telematics
• Timing and Synchronization
• Others

GNSS Chip Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Consumer Electronics
• Construction
• Agriculture
• Automotive
• Military & Defense
• Marine
• Transport
• Others

GNSS Chip Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of GNSS Chip Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies GNSS chip companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the GNSS chip companies profiled in this report include-

• Qualcomm
• STMicroelectronics
• MediaTek
• U-Blox Holding
• Broadcom

GNSS Chip Market Insights

Lucintel forecasts that smartphone is expected to witness the highest growth over the forecast period.

Within this market, consumer electronic is expected to witness the highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period.

Features of the Global GNSS Chip Market

Market Size Estimates: GNSS chip market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: GNSS chip market size by device, application, end use industry, and region in terms of value ($B).

Regional Analysis: GNSS chip market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different devices, applications, end use industries, and regions for the GNSS chip market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the GNSS chip market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the GNSS chip market size?

Answer: The global GNSS chip market is expected to reach an estimated $8.4 billion by 2030.

Q2. What is the growth forecast for GNSS chip market?

Answer: The global GNSS chip market is expected to grow with a CAGR of 6.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the GNSS chip market?

Answer: The major drivers for this market are rising demand for accurate real-time data and increasing popularity of IoT.

Q4. What are the major segments for GNSS chip market?

Answer: The future of the GNSS chip market looks promising with opportunities in the consumer electronics, construction, agriculture, automotive, military & defense, marine, and transport markets.

Q5. Who are the key GNSS chip market companies?

Answer: Some of the key GNSS chip companies are as follows:

• Qualcomm
• STMicroelectronics
• MediaTek
• U-Blox Holding
• Broadcom

Q6. Which GNSS chip market segment will be the largest in future?

Answer: Lucintel forecasts that smartphone is expected to witness the highest growth over the forecast period.

Q7. In GNSS chip market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the GNSS chip market by device (smartphones, tablets, personal navigation devices, in-vehicle systems, and others), application (navigation, mapping, surveying, location-based services, telematics, timing and synchronization, and others), end use industry (consumer electronics, construction, agriculture, automotive, military & defense, marine, transport, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?