GNSS Chip Market Trends, Growth, Analysis, Share by 2030
[Research Report] The GNSS chip 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 GNSS chip market trends include the use of GNSS chips in UAVs and UGVs.
Analyst Perspective:
The global GNSS chip market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The market growth is primarily attributed to the rising volume of consumer electronics equipped with navigation and positioning features. In addition, growing demand for 4G and 5G network coverage and high-speed internet and increasing penetration and sales of wearable devices across various global economies boost the GNSS chip market growth.
GNSS Chip Market Overview:
The global navigation satellite system (GNSS) is an arrangement of satellites that broadcast signals from space that transmit positioning and timing data to GNSS receivers. The receivers then combine the data with other sensors to identify aspects such as location, speed, and altitude. The visible range of satellites mostly determines the precision and accuracy of GNSS chips. As a result, several governments are attempting to deploy regional constellations to improve navigation and mapping. Five countries, including China, Russia, the US, India, and Japan, and the European Union have GNSS systems on the market.
GNSS system users expect near-instantaneous position exchange. The standard location makes this difficult since at least four satellites must be recognized, and all their data must be obtained. Data transmission and reception might take minutes or hours or even fail under poor signal circumstances or extreme settings. However, by combining GNSS receiver data with information from mobile network cells, the performance can be increased to benefit a variety of IoT applications. Low-power GNSS chips are projected to be in high demand as the number of consumer products with navigation and positioning functionalities increases. Currently, technologically advanced wearable devices are in high demand. About half of the world's population wears tech-advanced wearable gadgets such as fitness bands and smartwatches.
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GNSS Chip Market: Strategic Insights
Market Size Value in US$ 4.89 billion in 2022 Market Size Value by US$ 9.19 billion by 2030 Growth rate CAGR of 8.2% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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GNSS Chip Market: Strategic Insights
| Market Size Value in | US$ 4.89 billion in 2022 |
| Market Size Value by | US$ 9.19 billion by 2030 |
| Growth rate | CAGR of 8.2% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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GNSS Chip Market Driver:
Rising Demand for 5G Network and High-Speed Internet Propels GNSS Chip Market Growth
Demand for location-based services (LBS) is increasing. High speed and lower latency of 5G enable advanced and real-time LBS applications such as enhanced navigation with turn-by-turn directions and live traffic updates; augmented reality experiences integrated with real-world locations; precise indoor positioning for shopping malls, airports, and other buildings; improved asset tracking; and fleet management solutions.
Positioning has played an essential role in enabling cellular communication to offer mobile network operators a broad range of approaches to determine each user’s location with varying degrees of accuracy. Global navigation satellite system (GNSS) has been the source for accurate positioning of user devices. Many mobile network operators have announced the deployment of 5G networks in urban areas. In February 2024, Vodafone Idea (Vi) announced its projects to roll out 5G services in India in a significant move within the Indian telecom sector. The services are said to be rolled out within the next 6–7 months in the country. In April 2023, The Telco also announced the launch of 5G services for prepaid users in Mexico. In a release, the Mexican carrier said that its more than 68 million prepaid users will now be able to access the company’s 5G network, which means that the benefits of the new technology will be available to more than 80 million Telcel customers. Thus, with the rising numbers of 5G base stations, the requirement for higher-level timing accuracy to secure stable connections over 5G networks is increasing. The Quectel L26-T module can deliver 6.8 nanosecond timing accuracy and meet stringent timing synchronization requirements with 5G networks. Thus, rising demand for 5G network and high-speed internet drives the growth of the GNSS chip market.
GNSS Chip Market Segment Analysis:
The GNSS chip market is segmented on the basis of device, application, and vertical. Based on device, the market is segmented into smartphones, tablets, personal navigation devices, in-vehicle systems, and others. By application, the GNNS chip market is segmented into navigation & location-based services, mapping, surveying, telematics, timing and synchronization, and others. The market, by vertical, is segmented into consumer electronics, automotive & transportation, military & defense, 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. Location and navigation are integral parts of the smartphone experience. Whether booking a cab, ordering food, or offering other services, the location feature provides a personalized experience. Almost every smartphone manufacturer has integrated navigation applications into the devices. Drivers are widely using navigation features to know their current location and destination location as a smartphone identifies its position via satellite radio signals or GNSS. Currently, most smartphones in the market are configured for a single-frequency GNSS, which means that the smartphone can track a single radio signal from a satellite. Dual-frequency GNSS will boost navigation efficiency and provide high-accuracy information. The integration of GNSS chips in smartphones for navigation purposes is projected to grow significantly during the forecast period.
GNSS Chip Market Regional Analysis:
The scope of the GNSS chip market report covers North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In terms of revenue, Asia Pacific dominated the GNSS chip market share in 2022.
APAC consists of countries such as Australia, China, India, Japan, South Korea, and the Rest of APAC. The major consumer electronics manufacturers present in APAC are focusing on launching new and innovative chips/products that need real-time data for tracking and recording locations using various devices, including smartphones, wearable devices, and tablets. In July 2023, Mobileye introduced the world’s first vision-only intelligent speed assist (ISA) solution for automakers, following certification and testing across Europe. The camera-only solution, launching in production vehicles in 2024, assists global automakers in meeting new EU general safety regulation (GSR) standards, needing automatic sensing of speed limits in new vehicle models without the need to be dependent on third-party maps and GPS data. In December 2023, Airoha Technology launched the AG3335MA satellite positioning chip series, which passed the AEC-Q100 Grade 2 reliability qualification tests for automotive applications. The company also successfully integrated this series of chips with its parent company, MediaTek, and its Dimensity Auto platform, providing highly integrated solutions and technical testing services to automotive manufacturers worldwide. Therefore, the launch of new and innovative products helps in increasing the demand for GNSS chips in the consumer electronics sector in APAC.
APAC has the highest coverage of GNSS constellations across the globe. Its thriving economies feature a speedily growing consumer base. The potential of GNSS- and space-enabled applications, accompanied by an increasing share of local research and development and technology innovations, is also acting as a driving factor for the growth of the GNSS chip market in APAC.
The presence of several GNSS chip manufacturers, including Intel Corporation; MediaTek Inc.; Qualcomm Technologies; FURUNO ELECTRIC CO.; Broadcom, Inc.; STMicroelectronics; Hexagon AB; Septentrio N. V.; U-Blox Holding AG; QUECTEL WIRELESS SOLUTIONS CO.; and HEMISPHERE GNSS, in the region is expected to contribute to the growing GNSS chip market size in APAC. Also, with the growing number of startup companies, the adoption of GNSS chips is increasing. According to a Times of India news article from December 2021, in India, the total number of startups founded during the period 2021 stood at 3,476. Therefore, the rising number of SMEs across APAC would create a huge opportunity for GNSS chip market players in the coming years.
GNSS Chip Market Report Scope
Key Player Analysis:
The GNSS chip market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases. The market analysis is carried out by identifying and evaluating key players in the market such as 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. Several other key market players were analyzed to get a holistic view of the market and its ecosystem.
Recent Developments:
The GNSS chip market report emphasizes the key factors bolstering the market and prominent players' developments. Market players focus on inorganic and organic strategies for their business growth. As per company press releases, below are a few recent key developments:
- In December 2021, SkyTraq Technology developed GPS/GNSS chipsets and modules for meter-level accuracy vehicle navigation and tracking applications and for centimeter-level accuracy real-time kinematic (RTK) surveying and precision guidance applications.
- In September 2021, Broadcom Inc announced the world’s lowest power L1/L5 GNSS receiver chip, the BCM4778, optimized for mobile and wearable applications. Equipped with the latest GNSS innovations, this third-generation chip is 35% smaller and consumes five times less power than the previous generation.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Device, Application, Vertical, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global GNSS chip market is expected to reach US$ 9.91 billion by 2030.
The key players holding majority shares in the global GNSS chip market are Qualcomm Inc., Skytraq Technology Inc, Broadcom Inc, Septentrio NV, Trimble Inc, Furuno Electric Co Ltd, Mediatek Inc, Stmicroelectronics NV, Skyworks Solutions Inc, U-Blox Holding AG.
Increasing use GNSS in UGVs and UAVs is anticipated to play a significant role in the global GNSS chip market in the coming years.
The rising demand for 5G network and growing use of GNSS chip in consumer electronic devices are the major factors that propel the global GNSS chip market.
The global GNSS chip market was estimated to be US$ 4.89 billion in 2022 and is expected to grow at a CAGR of 8.2% during the forecast period 2022 - 2030.
The incremental growth expected to be recorded for the global GNSS chip market during the forecast period is US$ 4.29 billion.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. GNSS Chip Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. GNSS Chip Market – Key Market Dynamics
5.1 GNSS Chip Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rising Demand for 5G Network and High-Speed Internet
5.2.2 Growing Use of GNSS Chip in Consumer Electronic Devices
5.2.3 Upsurging Need for Accuracy in Real-Time Data
5.3 Market Restraints
5.3.1 Concerns Related to Jamming and Spoofing Attacks
5.3.2 Low Accuracy of Signals in Underground and Indoor Environments
5.4 Market Opportunities
5.4.1 Growing Use of IoT Technology in Autonomous Vehicles
5.4.2 Rising Adoption of Technological Advancements such as Big Data and Augmented Reality
5.5 Future Trends
5.5.1 GNSS in UGVs and UAVs
5.6 Impact of Drivers and Restraints:
6. GNSS Chip Market – Global Market Analysis
6.1 GNSS Chip Market Revenue (US$ Million), 2022–2030
6.2 GNSS Chip Market Forecast Analysis
7. GNSS Chip Market Analysis – by Device
7.1 Smartphones
7.1.1 Overview
7.1.2 Smartphones: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Tablets
7.2.1 Overview
7.2.2 Tablets: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Personal Navigation Devices
7.3.1 Overview
7.3.2 Personal Navigation Devices: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
7.4 In-Vehicle systems
7.4.1 Overview
7.4.2 In-Vehicle systems: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
8. GNSS Chip Market Analysis – by Application
8.1 Navigation and Location-Based Services
8.1.1 Overview
8.1.2 Navigation and Location-Based Services: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Mapping and Surveying
8.2.1 Overview
8.2.2 Mapping and Surveying: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Telematics
8.3.1 Overview
8.3.2 Telematics: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Timing and Synchronization
8.4.1 Overview
8.4.2 Timing and Synchronization: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
9. GNSS Chip Market Analysis – by Vertical
9.1 Consumer Electronics
9.1.1 Overview
9.1.2 Consumer Electronics: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Automotive and Transportation
9.2.1 Overview
9.2.2 Automotive and Transportation: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Military and Defense
9.3.1 Overview
9.3.2 Military and Defense: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Marine
9.4.1 Overview
9.4.2 Marine: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10. GNSS Chip Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America GNSS Chip Market Overview
10.2.2 North America: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.2.3 North America: GNSS Chip Market Breakdown, by Device
10.2.3.1 North America: GNSS Chip Market – Revenue and Forecast Analysis – by Device
10.2.4 North America: GNSS Chip Market Breakdown, by Application
10.2.4.1 North America: GNSS Chip Market – Revenue and Forecast Analysis – by Application
10.2.5 North America: GNSS Chip Market Breakdown, by Vertical
10.2.5.1 North America: GNSS Chip Market – Revenue and Forecast Analysis – by Vertical
10.2.6 North America: GNSS Chip Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: GNSS Chip Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.2.1 United States: GNSS Chip Market Breakdown, by Device
10.2.6.2.2 United States: GNSS Chip Market Breakdown, by Application
10.2.6.2.3 United States: GNSS Chip Market Breakdown, by Vertical
10.2.6.3 Canada: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.3.1 Canada: GNSS Chip Market Breakdown, by Device
10.2.6.3.2 Canada: GNSS Chip Market Breakdown, by Application
10.2.6.3.3 Canada: GNSS Chip Market Breakdown, by Vertical
10.2.6.4 Mexico: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.4.1 Mexico: GNSS Chip Market Breakdown, by Device
10.2.6.4.2 Mexico: GNSS Chip Market Breakdown, by Application
10.2.6.4.3 Mexico: GNSS Chip Market Breakdown, by Vertical
10.3 Europe
10.3.1 Europe GNSS Chip Market Overview
10.3.2 Europe: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.3.3 Europe: GNSS Chip Market Breakdown, by Device
10.3.3.1 Europe: GNSS Chip Market – Revenue and Forecast Analysis – by Device
10.3.4 Europe: GNSS Chip Market Breakdown, by Application
10.3.4.1 Europe: GNSS Chip Market – Revenue and Forecast Analysis – by Application
10.3.5 Europe: GNSS Chip Market Breakdown, by Vertical
10.3.5.1 Europe: GNSS Chip Market – Revenue and Forecast Analysis – by Vertical
10.3.6 Europe: GNSS Chip Market – Revenue and Forecast Analysis – by Country
10.3.6.1 Europe: GNSS Chip Market – Revenue and Forecast Analysis – by Country
10.3.6.2 Germany: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.2.1 Germany: GNSS Chip Market Breakdown, by Device
10.3.6.2.2 Germany: GNSS Chip Market Breakdown, by Application
10.3.6.2.3 Germany: GNSS Chip Market Breakdown, by Vertical
10.3.6.3 France: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.3.1 France: GNSS Chip Market Breakdown, by Device
10.3.6.3.2 France: GNSS Chip Market Breakdown, by Application
10.3.6.3.3 France: GNSS Chip Market Breakdown, by Vertical
10.3.6.4 Italy: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.4.1 Italy: GNSS Chip Market Breakdown, by Device
10.3.6.4.2 Italy: GNSS Chip Market Breakdown, by Application
10.3.6.4.3 Italy: GNSS Chip Market Breakdown, by Vertical
10.3.6.5 United Kingdom: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.5.1 United Kingdom: GNSS Chip Market Breakdown, by Device
10.3.6.5.2 United Kingdom: GNSS Chip Market Breakdown, by Application
10.3.6.5.3 United Kingdom: GNSS Chip Market Breakdown, by Vertical
10.3.6.6 Russia: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.6.1 Russia: GNSS Chip Market Breakdown, by Device
10.3.6.6.2 Russia: GNSS Chip Market Breakdown, by Application
10.3.6.6.3 Russia: GNSS Chip Market Breakdown, by Vertical
10.3.6.7 Rest of Europe: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.7.1 Rest of Europe: GNSS Chip Market Breakdown, by Device
10.3.6.7.2 Rest of Europe: GNSS Chip Market Breakdown, by Application
10.3.6.7.3 Rest of Europe: GNSS Chip Market Breakdown, by Vertical
10.4 Asia Pacific
10.4.1 Asia Pacific GNSS Chip Market Overview
10.4.2 Asia Pacific: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.4.3 Asia Pacific: GNSS Chip Market Breakdown, by Device
10.4.3.1 Asia Pacific: GNSS Chip Market – Revenue and Forecast Analysis – by Device
10.4.4 Asia Pacific: GNSS Chip Market Breakdown, by Application
10.4.4.1 Asia Pacific: GNSS Chip Market – Revenue and Forecast Analysis – by Application
10.4.5 Asia Pacific: GNSS Chip Market Breakdown, by Vertical
10.4.5.1 Asia Pacific: GNSS Chip Market – Revenue and Forecast Analysis – by Vertical
10.4.6 Asia Pacific: GNSS Chip Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: GNSS Chip Market – Revenue and Forecast Analysis – by Country
10.4.6.2 China: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.2.1 China: GNSS Chip Market Breakdown, by Device
10.4.6.2.2 China: GNSS Chip Market Breakdown, by Application
10.4.6.2.3 China: GNSS Chip Market Breakdown, by Vertical
10.4.6.3 Japan: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.3.1 Japan: GNSS Chip Market Breakdown, by Device
10.4.6.3.2 Japan: GNSS Chip Market Breakdown, by Application
10.4.6.3.3 Japan: GNSS Chip Market Breakdown, by Vertical
10.4.6.4 South Korea: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.4.1 South Korea: GNSS Chip Market Breakdown, by Device
10.4.6.4.2 South Korea: GNSS Chip Market Breakdown, by Application
10.4.6.4.3 South Korea: GNSS Chip Market Breakdown, by Vertical
10.4.6.5 India: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.5.1 India: GNSS Chip Market Breakdown, by Device
10.4.6.5.2 India: GNSS Chip Market Breakdown, by Application
10.4.6.5.3 India: GNSS Chip Market Breakdown, by Vertical
10.4.6.6 Australia: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.6.1 Australia: GNSS Chip Market Breakdown, by Device
10.4.6.6.2 Australia: GNSS Chip Market Breakdown, by Application
10.4.6.6.3 Australia: GNSS Chip Market Breakdown, by Vertical
10.4.6.7 Rest of APAC: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.7.1 Rest of APAC: GNSS Chip Market Breakdown, by Device
10.4.6.7.2 Rest of APAC: GNSS Chip Market Breakdown, by Application
10.4.6.7.3 Rest of APAC: GNSS Chip Market Breakdown, by Vertical
10.5 Middle East and Africa
10.5.1 Middle East and Africa GNSS Chip Market Overview
10.5.2 Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.5.3 Middle East and Africa: GNSS Chip Market Breakdown, by Device
10.5.3.1 Middle East and Africa: GNSS Chip Market – Revenue and Forecast Analysis – by Device
10.5.4 Middle East and Africa: GNSS Chip Market Breakdown, by Application
10.5.4.1 Middle East and Africa: GNSS Chip Market – Revenue and Forecast Analysis – by Application
10.5.5 Middle East and Africa: GNSS Chip Market Breakdown, by Vertical
10.5.5.1 Middle East and Africa: GNSS Chip Market – Revenue and Forecast Analysis – by Vertical
10.5.6 Middle East and Africa: GNSS Chip Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: GNSS Chip Market – Revenue and Forecast Analysis – by Country
10.5.6.2 Saudi Arabia: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.2.1 Saudi Arabia: GNSS Chip Market Breakdown, by Device
10.5.6.2.2 Saudi Arabia: GNSS Chip Market Breakdown, by Application
10.5.6.2.3 Saudi Arabia: GNSS Chip Market Breakdown, by Vertical
10.5.6.3 United Arab Emirates: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.3.1 United Arab Emirates: GNSS Chip Market Breakdown, by Device
10.5.6.3.2 United Arab Emirates: GNSS Chip Market Breakdown, by Application
10.5.6.3.3 United Arab Emirates: GNSS Chip Market Breakdown, by Vertical
10.5.6.4 South Africa: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.4.1 South Africa: GNSS Chip Market Breakdown, by Device
10.5.6.4.2 South Africa: GNSS Chip Market Breakdown, by Application
10.5.6.4.3 South Africa: GNSS Chip Market Breakdown, by Vertical
10.5.6.5 Rest of Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: GNSS Chip Market Breakdown, by Device
10.5.6.5.2 Rest of Middle East and Africa: GNSS Chip Market Breakdown, by Application
10.5.6.5.3 Rest of Middle East and Africa: GNSS Chip Market Breakdown, by Vertical
10.6 South and Central America
10.6.1 South and Central America GNSS Chip Market Overview
10.6.2 South and Central America: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.6.3 South and Central America: GNSS Chip Market Breakdown, by Device
10.6.3.1 South and Central America: GNSS Chip Market – Revenue and Forecast Analysis – by Device
10.6.4 South and Central America: GNSS Chip Market Breakdown, by Application
10.6.4.1 South and Central America: GNSS Chip Market – Revenue and Forecast Analysis – by Application
10.6.5 South and Central America: GNSS Chip Market Breakdown, by Vertical
10.6.5.1 South and Central America: GNSS Chip Market – Revenue and Forecast Analysis – by Vertical
10.6.6 South and Central America: GNSS Chip Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South and Central America: GNSS Chip Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.2.1 Brazil: GNSS Chip Market Breakdown, by Device
10.6.6.2.2 Brazil: GNSS Chip Market Breakdown, by Application
10.6.6.2.3 Brazil: GNSS Chip Market Breakdown, by Vertical
10.6.6.3 Argentina: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.3.1 Argentina: GNSS Chip Market Breakdown, by Device
10.6.6.3.2 Argentina: GNSS Chip Market Breakdown, by Application
10.6.6.3.3 Argentina: GNSS Chip Market Breakdown, by Vertical
10.6.6.4 Rest of South and Central America: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.4.1 Rest of South and Central America: GNSS Chip Market Breakdown, by Device
10.6.6.4.2 Rest of South and Central America: GNSS Chip Market Breakdown, by Application
10.6.6.4.3 Rest of South and Central America: GNSS Chip Market Breakdown, by Vertical
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Qualcomm Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 SkyTraq Technology Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Broadcom Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Septentrio NV
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Trimble Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Furuno Electric Co Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 MediaTek Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 STMicroelectronics NV
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Skyworks Solutions Inc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 u-blox Holding AG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
List of Tables
Table 1. GNSS Chip Market Segmentation
Table 2. List of Vendors
Table 3. GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million) – by Device
Table 5. GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 6. GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million) – by Vertical
Table 7. North America: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 8. North America: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 9. North America: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 10. North America: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 11. United States: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 12. United States: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 13. United States: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 14. Canada: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 15. Canada: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 16. Canada: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 17. Mexico: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 18. Mexico: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 19. Mexico: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 20. Europe: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 21. Europe: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 22. Europe: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 23. Europe: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 24. Germany: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 25. Germany: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 26. Germany: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 27. France: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 28. France: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 29. France: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 30. Italy: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 31. Italy: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 32. Italy: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 33. United Kingdom: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 34. United Kingdom: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 35. United Kingdom: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 36. Russia: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 37. Russia: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 38. Russia: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 39. Rest of Europe: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 40. Rest of Europe: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 41. Rest of Europe: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 42. Asia Pacific: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 43. Asia Pacific: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 44. Asia Pacific: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 45. Asia Pacific: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 46. China: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 47. China: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 48. China: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 49. Japan: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 50. Japan: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 51. Japan: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 52. South Korea: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 53. South Korea: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 54. South Korea: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 55. India: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 56. India: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 57. India: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 58. Australia: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 59. Australia: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 60. Australia: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 61. Rest of APAC: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 62. Rest of APAC: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 63. Rest of APAC: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 64. Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 65. Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 66. Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 67. Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 68. Saudi Arabia: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 69. Saudi Arabia: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 70. Saudi Arabia: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 71. United Arab Emirates: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 72. United Arab Emirates: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 73. United Arab Emirates: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 74. South Africa: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 75. South Africa: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 76. South Africa: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 77. Rest of Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 78. Rest of Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 79. Rest of Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 80. South and Central America: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 81. South and Central America: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 82. South and Central America: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 83. South and Central America: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 84. Brazil: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 85. Brazil: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 86. Brazil: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 87. Argentina: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 88. Argentina: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 89. Argentina: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 90. Rest of South and Central America: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Device
Table 91. Rest of South and Central America: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 92. Rest of South and Central America: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 93. Heat Map Analysis by Key Players
List of Figures
Figure 1. GNSS Chip Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem Analysis
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. GNSS Chip Market Breakdown by Geography, 2022 and 2030 (%)
Figure 6. GNSS Chip Market Revenue (US$ Million), 2022–2030
Figure 7. GNSS Chip Market Share (%) – by Device (2022 and 2030)
Figure 8. Smartphones: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Tablets: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Personal Navigation Devices: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. In-Vehicle systems: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. GNSS Chip Market Share (%) – by Application (2022 and 2030)
Figure 14. Navigation and Location-Based Services: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Mapping and Surveying: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Telematics: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Timing and Synchronization: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Others: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. GNSS Chip Market Share (%) – by Vertical (2022 and 2030)
Figure 20. Consumer Electronics: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Automotive and Transportation: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Military and Defense: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Marine: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Others: GNSS Chip Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. GNSS Chip Market Breakdown by Region, 2022 and 2030 (%)
Figure 26. North America: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 27. North America: GNSS Chip Market Breakdown, by Device (2022 and 2030)
Figure 28. North America: GNSS Chip Market Breakdown, by Application (2022 and 2030)
Figure 29. North America: GNSS Chip Market Breakdown, by Vertical (2022 and 2030)
Figure 30. North America: GNSS Chip Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 31. United States: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 32. Canada: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 33. Mexico: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 34. Europe: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 35. Europe: GNSS Chip Market Breakdown, by Device (2022 and 2030)
Figure 36. Europe: GNSS Chip Market Breakdown, by Application (2022 and 2030)
Figure 37. Europe: GNSS Chip Market Breakdown, by Vertical (2022 and 2030)
Figure 38. Europe: GNSS Chip Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 39. Germany: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 40. France: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 41. Italy: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 42. United Kingdom: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 43. Russia: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 44. Rest of Europe: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 45. Asia Pacific: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 46. Asia Pacific: GNSS Chip Market Breakdown, by Device (2022 and 2030)
Figure 47. Asia Pacific: GNSS Chip Market Breakdown, by Application (2022 and 2030)
Figure 48. Asia Pacific: GNSS Chip Market Breakdown, by Vertical (2022 and 2030)
Figure 49. Asia Pacific: GNSS Chip Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 50. China: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 51. Japan: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 52. South Korea: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 53. India: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 54. Australia: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 55. Rest of APAC: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 56. Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 57. Middle East and Africa: GNSS Chip Market Breakdown, by Device (2022 and 2030)
Figure 58. Middle East and Africa: GNSS Chip Market Breakdown, by Application (2022 and 2030)
Figure 59. Middle East and Africa: GNSS Chip Market Breakdown, by Vertical (2022 and 2030)
Figure 60. Middle East and Africa: GNSS Chip Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 61. Saudi Arabia: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 62. United Arab Emirates: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 63. South Africa: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 64. Rest of Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 65. South and Central America: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 66. South and Central America: GNSS Chip Market Breakdown, by Device (2022 and 2030)
Figure 67. South and Central America: GNSS Chip Market Breakdown, by Application (2022 and 2030)
Figure 68. South and Central America: GNSS Chip Market Breakdown, by Vertical (2022 and 2030)
Figure 69. South and Central America: GNSS Chip Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 70. Brazil: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 71. Argentina: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 72. Rest of South and Central America: GNSS Chip Market – Revenue and Forecast to 2030(US$ Million)
Figure 73. Company Positioning & Concentration
The List of Companies - GNSS Chip Market
- Qualcomm Inc.
- Skytraq Technology Inc
- Broadcom Inc
- Septentrio NV
- Trimble Inc
- Furuno Electric Co Ltd
- Mediatek Inc
- Stmicroelectronics NV
- Skyworks Solutions Inc
- U-Blox Holding AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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