PUBLISHER: Value Market Research | PRODUCT CODE: 1578218
PUBLISHER: Value Market Research | PRODUCT CODE: 1578218
The global demand for GNSS Chip Market is presumed to reach the market size of nearly USD 67.82 Billion by 2032 from USD 32.98 Billion in 2023 with a CAGR of 8.34% under the study period 2024-2032.
GNSS Chip (or Global Navigation Satellite System) is a global navigation satellite system used to find the user's geographical location anywhere. The GNSS chip has high accuracy with the increased number of satellites when compared to the GPS-only positioning system. GNSS chips are considered ideal for navigation applications in-vehicle systems as real-time information is provided about the vehicles' current status, which guides the drivers accordingly.
The GNSS chip market is growing due to the growing use of mobile augmented reality in sectors including e-commerce and retail, gaming, and entertainment. GNSS chip technology is used increasingly for surveying and mapping applications such as tracking unfamiliar locations suitable for construction, agriculture, and mining is expected to propel the market growth further. In addition, the rising demand for 4G and 5G network coverage and high-speed internet is expected to witness a progressive growth market. Furthermore, technological advancements in the consumer electronics sector and the growing popularity of wearable devices are expected to drive growth in this sector. However, high prices of GNSS chip devices due to advancements in technology and difficulty in receiving signals for indoor operations may restrain the growth of the GNSS chip in the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of GNSS Chip. The growth and trends of GNSS Chip industry provide a holistic approach to this study.
This section of the GNSS Chip market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the GNSS Chip market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the GNSS Chip market include 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, Navika Electronics. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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