According to our latest market study on "GNSS Chip Market Size and Forecast (2022–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Device, Application, and Vertical," the market was valued at US$ 4.89 billion in 2022 and is expected to reach US$ 9.19 billion by 2030; it is estimated to record a CAGR of 8.2% from 2022 to 2030. The report includes growth drivers along with the GNSS chip market trends and their foreseeable impact during the forecast period.
Smartphones, smart wearables, digital cameras, tablets, and other consumer electronic devices use GNSS technology for mapping, geo-marketing, and navigation applications. GNSS chips are majorly being integrated into these devices to offer precise locations to users while running, walking, or driving. This feature has led to increasing adoption of various location-based services (LBS) and applications depending on the 4G network solution.
GNSS Chip Market Share– by Geography, 2022
GNSS Chip Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Device (Smartphones, Tablets, Personal Navigation Devices, In-Vehicle Systems, and Others), Application (Navigation and Location-Based Services, Mapping and Surveying, Telematics, Timing and Synchronization, and Others), Vertical (Consumer Electronics, Automotive & Transportation, Military & Defense, Marine, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
GNSS Chip Market Trends, Growth, Analysis, Share by 2030
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Market players develop GNSS-based wearable devices. In June 2022, Quectel Wireless Solutions, a global IoT solutions provider, announced the release of its LC76G module, a compact single-band ultra-low power GNSS module featuring fast and accurate location performance. In addition, in July 2022, the US chip supplier Qualcomm released two new system-on-chip (SoC) platforms—the Snapdragon W5+ and W5—for wearable devices such as smartwatches. It uses the GNSS for GPS connectivity. In August 2020, Sony Corporation announced the release of high-precision GNSS receiver LSIs for IoT and wearable devices. Moreover, a rise in the use of location-based services such as online food delivery, online cab services, and others propels the demand for GNSS.
Furthermore, government support for the implementation of GNSS technology contributes to the GNSS chip market growth. In March 2022, the European Commission approved a regulation mandating that new launched smartphones should include satellite and Wi-fi location services. According to this rule, chipsets enabled with GNSS capabilities are likely to access the EU’s satellite system Galileo, which provides accurate timing and positioning information. According to the European GNSS Agency, over 95% of satellite navigation chipset-based devices support Galileo, including smartphone chipsets manufactured by Broadcom, Qualcomm, and Mediatek. Leading GNSS chipset providers developing Galileo-ready chipsets and global smartphone brands integrating these chipsets in their latest smartphone models bolsters the GNSS chip market expansion.
The GNSS chip market analysis is carried out by identifying and evaluating key players in the market across different regions. Qualcomm Inc, SkyTraq Technology Inc, Broadcom Inc, Septentrio NV, Trimble Inc, Furuno Electric Co Ltd, MediaTek Inc, STMicroelectronics NV, Skyworks Solutions Inc, and u-blox Holding AG are among the key players profiled in the GNSS chip market report. Several other major companies have been analyzed during this research study to get a holistic view of the ecosystem. The market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases.
The scope of the GNSS chip market report covers North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). In terms of revenue, Asia Pacific dominated the GNSS chip market share in 2022, followed by North America and Europe. Growing use of IoT technology in autonomous vehicles and rising adoption of technological advancements such as big data and augmented reality are likely to have a significant impact on the GNSS chip market forecast in the next few years.
The US, Canada, and Mexico are significant economies contributing to the North America GNSS chip market. The critical factor favoring the growth of the market growth in North America is the increase in technological advancements coupled with the growth in government support for the adoption of unmanned aerial vehicles (UAVs). The government contributes to supporting drone progress through new deployment, spectrum allocations, and infrastructure development by following various rules and regulations. In January 2023, the US Department of Defense (DoD) announced its plan to invest more than US$ 2.6 billion in unmanned systems, with a minimum of 29 programs fully dedicated to the procurement of unmanned aircraft system (UAS). The Mitchell Institute for Aerospace Studies dean stated that the US military has enormous opportunities to use UAVs in various applications such as cargo and combat aircraft. They further added that a shift is expected from remotely piloted aircraft to advanced autonomous systems, which will propel the market growth in North America as the increase in UAVs will upsurge the demand for navigation applications.
Increasing penetration of connected vehicles or autonomous vehicles will drive the GNSS chip market growth in the coming years. Integration between mobile devices and cars has enormously boosted vehicle connectivity, navigation, communication, and entertainment. In December 2023, TomTom and Microsoft unveiled generative AI for connected vehicles. This collaboration resulted in the development of a fully integrated AI-powered conversational assistant that enhances voice interaction with infotainment, location search, and vehicle command systems. Additionally, at MWC Barcelona 2023, HARMAN (an automotive electronics technology company and a subsidiary of Samsung Electronics Co., Ltd.) declared a collaboration with the American Center for Mobility (ACM) to test real-world use cases of road-ready technologies, such as vehicle to everything (V2X) allowed by roadside infrastructure and edge computing using 5G cellular to showcase global connectivity between people, vehicles, and infrastructure for enhanced safety and efficiency. Through its engagement with ACM, HARMAN will allow automakers to experience and test their connected vehicles and demonstrate new mobility use cases with the potential to scale. Moreover, increasing number of players such as Qualcomm Incorporated and Intel Corporation is expected to boost the GNSS chip market expansion in the region.
Based on devices, the GNSS chip market is segmented into smartphones, tablets, personal navigation devices, in-vehicle systems, and others. The smartphones segment held the largest GNSS chip market share in 2022, whereas the others segment is expected to record the highest CAGR during the forecast period. Other devices are drones, manned aviation, unmanned autonomous vessels, and others. GNSS is a crucial enabler for drones, ensuring safe navigation and reliability for consumer and commercial applications. As the military sector matures, the supply chain is becoming increasingly specialized, and in some cases, the operator role is absorbed into end-user organizations. Automated drone traffic management will benefit consumer and commercial users. Drone traffic management requires systems to track the location of drones in flight, and GNSS will be a pillar of any such service. Unmanned autonomous vessels are used for numerous surveying applications such as water quality sampling and monitoring, flow measurement, hydrographic survey, oceanographic research, and security patrol. The vessels are equipped with modern sonar technology and GNSS receivers, enabling centimeter-level accuracy.
Navigation technologies in tablets are foreseeing a massive boom in location-based services to identify the precise location relative to services and amenities, which is fueling the GNSS chip market. The information about the position of an individual is available anytime and everywhere with the help of tablets. Tablets include many sensors such as GPS/GNSS chipsets, inertial measurement unit (IMU) platforms, barometers, altimeters, and cameras that empower individuals to plan their activities or share their location on social networks. Moreover, modern tablets allow effective data collection using internal sensors, onboard software, and background maps. In addition, the availability of consumer GNSS receivers and GNSS-enabled mobile devices made possible the use of GNSS for gaming, due to which GNSS-based games now rely on mobile devices with multimedia interfaces and permanent internet connections.
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