The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the GNSS chip market. The scope of this report covers the GNSS chip market by its major segments, which include the types, applications, and the major geographic regions.
GNSS or global navigational satellite systems chipsets or chips are type of components that mostly found in GNSS devices. These components help in transmitting and receiving signals.
they help in solving the purpose of memory storage of some images or information received during GNSS device functioning. Few examples of global navigational satellite systems include GLONASS, GPS and GALILEO that are widely used for various navigational purposes while locating a place, surveying, travelling, tracking a person or cargo, mapping and other functions.
KEY PREMIUM INDUSTRY INSIGHTS
- The global market for GNSS chip is driven by certain factors including increasing penetration of wearable, electronic and connecting devices, escalating demand for real-time and accurate data; growing demand for speedy Internet as well as network coverage of 4G/5G; and rising IoT popularity among consumers.
- The growing need of huge initial investment is one of the factors that are hindering the growth of global GNSS chip market. The deployment of GNSS systems in various applications of agriculture sector such as steering-wheel movements are monitored automatically as well as tractor guidance, and son on is also boosting the growth of GNSS market globally.
- However, farmers bear expensive prices of equipment and devices that are used for precision farming for initial investment. The devices enabled with GNSS technology are used for navigation purpose and in mapping applications. These devices are very expensive and mainly purchased with actual farming equipment.
Regionally, the global market for GNSS chip is segmented into Asia Pacific, Latin America, Europe, North America, and Middle East & Africa. Among these, APAC is anticipated to be the market leader in the global market for GNSS chips.
China region holds the maximum share of the Asia Pacific market; the China market is projected to expand at a high growth rate over the forecast period. China market is developing region and is considered to be major hub for electronics manufacturing which is an emerging application area for GNSS chips.
Additionally, the latest technology based advancements in the consumer electronics and smart phones as well as the increasing popularity of wearable devices.
KEY MARKET PLAYERS
Key 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 Limited
- Quectel Wireless Solutions Co., Ltd.
- Skyworks Solutions Inc.
- Navika Electronics
Browse Report: www.scalarmarketresearch.com/marke…/gnss-chip-market
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