GNSS Chip Market Outlook and Strategic Insights by 2030

GNSS Chip Market Size and Forecast (2021 - 2031), 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 & Location-Based Services, Mapping and Surveying, Telematics, Timing & Synchronization, and Others), Vertical (Consumer Electronics, Automotive & Transportation, Military and Defense, Marine, and Others), and Geography

  • Report Code : TIPRE00011663
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 186
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The GNSS chip market size is expected to reach US$ 9.17 billion by 2031 from US$ 5.24 billion in 2024. The market is estimated to record a CAGR of 8.3% during 2024–2031. The application of GNSS in UGVs and UAVs is likely to bring new trends in the market in the coming years.  

GNSS Chip Market Analysis

GNSS users expect near-instantaneous positioning; however, achieving this requires signals from at least four satellites, which can take minutes or hours or even fail in poor signal conditions or extreme environments. Integrating GNSS data with mobile network information can enhance performance for various IoT applications. The demand for low-power GNSS chips is expected to rise as more consumer products incorporate navigation and positioning features. Currently, technologically advanced wearable devices such as fitness bands and smartwatches are in high demand. GNSS chips are widely used in these devices to provide exact location information to users while running, walking, or driving.

GNSS Chip Market Overview

The global navigation satellite system (GNSS) is a network of satellites transmitting positioning and timing data to receivers, which combine this data with sensor inputs to calculate location, speed, and altitude. The accuracy of GNSS chips depends on the number of visible satellites and signal quality. As a result, several governments are attempting to deploy regional constellations to improve navigation and mapping. China, Russia, the US, India, Japan, and the European Union have all developed and operationalized their own GNSS solutions, offering competitive alternatives in the global market.

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GNSS Chip Market: Strategic Insights

gnss-chip-market
Market Size Value inUS$ 4.89 billion in 2022
Market Size Value byUS$ 9.19 billion by 2030
Growth rateCAGR of 8.2% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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GNSS Chip Market Drivers and Opportunities

Rising Demand for 5G Network and High-Speed Internet 

5G networks offer faster data speeds and lower latency, which allow GNSS chips to provide more accurate and real-time location data, benefiting applications such as navigation and mapping. The demand for location-based services (LBS) is increasing due to these key advantages. Global navigation satellite system (GNSS) has been the source for accurate positioning of user devices due to the system's ability to enable cellular communication to offer mobile network operators various approaches to determining user's location. 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, and the services are expected to roll out within the next 6–7 months in the country. The company plans to cover 75 major cities across 17 key regions, focusing on urban and industrial areas with high data demand. In April 2023, the telco launched 5G services for its 68 million prepaid users in Mexico, extending the benefits of 5G to over 80 million Telcel customers. Due to the increase in number of 5G base stations, the requirement for higher-level timing accuracy to secure stable connections over 5G networks is also increasing. The Quectel L26-T module can deliver 6.8 nanosecond timing accuracy and meet stringent timing synchronization requirements with 5G networks. Thus, the rising demand for 5G networks and high-speed internet is significantly driving the growth of the GNSS chips market.

Rising Use of IoT Technology in Autonomous Vehicles

IoT technologies create advanced solutions such as advanced driver-assistance systems (ADAS), connected car solutions, in-vehicle infotainment systems, and navigation and telematics solutions. Navigation systems are mainly being deployed in vehicles for tracking purposes and to display maps that offer information about speed, location, direction, nearby streets, and points of interest. IoT-enabled cars have GNSS chips integrated into them, which help drivers drive efficiently, and concerned agencies can track their location during emergencies. In October 2023, u-blox launched u-safe, a vehicle positioning safety solution to accelerate autonomous vehicle adoption. U-safe uses proven automotive navigation components to offer Tier 1 suppliers and OEMs a reliable ADAS positioning solution. In addition, in January 2021, Qualcomm Technologies, Inc. and Alps Alpine Co., Ltd. announced a camera-based sensing and positioning device called ViewPose to support absolute lane-level vehicle positioning. FocalPoint offers innovative S-GNSS Auto positioning technology that provides automotive original equipment manufacturers (OEMs) with increased reliability and accuracy of GNSS positioning. Moreover, the idea of autonomous vehicles is becoming a reality due to advancements in positioning and sensor integration technology. Fully autonomous vehicle needs an accurate localization solution to drive appropriately. High-precision GNSS technology provides key advantages, including reliability, accuracy, and precision required for self-driving vehicles. Thus, the rise in the demand for IoT-enabled cars is expected to create growth opportunities for the GNSS chip market in the coming years.

GNSS Chip Market Report Segmentation Analysis

Key segments that contributed to the derivation of the GNSS chip market analysis are device, application, and vertical.

  • Based on device, the GNSS chip market is categorized into smartphones, tablets, personal navigation devices, in-vehicle systems, and others. The smartphones segment dominated the market in 2024.
  • Based on application, the GNSS chip market is segmented into navigation & location-based services, mapping and surveying, telematics, timing & synchronization, and others. The navigation & location-based services segment dominated the market in 2024.
  • Based on vertical, the GNSS chip market is segmented into consumer electronics, automotive  & transportation, military and defense, marine, and others. The consumer electronics segment dominated the market in 2024.

GNSS Chip Market Share Analysis by Geography

  • The GNSS chip market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.
  • The demand for GNSS chips in Asia Pacific is propelled by the presence of significant manufacturers in the region. In APAC, the major consumer electronics manufacturers focus on developing innovative products that require recording locations and real-time data for tracking by using devices such as smartphones, wearable devices, and tablets. The growing popularity of wearable devices and the ongoing technological advancements in the consumer electronics sector in APAC fuel the GNSS chip market growth. Moreover, several companies in the region are launching satellite positioning chips. For instance, in December 2023, Airoha Technology, specializing in fixed broadband network infrastructure and advanced Artificial Intelligence of Things, launched the AG3335MA satellite positioning chip series. This series passed the AEC-Q100 Grade 2 reliability qualification tests for automotive applications. Additionally, the company 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.

GNSS Chip Market Report Scope

GNSS Chip Market News and Recent Developments

The GNSS chip market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the GNSS chip market are listed below:

  • Septentrio announced AntaRx-Si3. This is the first GNSS/INS (Inertial Navigation System) Smart Antenna on the market in an ultra-rugged enclosure, designed for easy installation on machines such as agriculture robots. AntaRx-Si3 is the new member of the family of receivers leveraging GNSS/INS FUSE+ technology, which is designed to answer the need for position availability in tough industrial environments where GNSS signal reception may be temporarily compromised, such as under foliage. The IMU sensor in FUSE+ also improves positioning integrity and reliability, which is critical for autonomous systems. (Source: Septentrio NV, Press Release, February 2024)
  • Trimble introduced the Trimble MPS566 Modular GNSS heading receiver, a next-generation Global Navigation Satellite System (GNSS) receiver designed for use in piling operations, drilling, and marine construction. The MPS566 provides accurate locations and orientations for tasks requiring precision heading because of its integrated dual GNSS antenna ports and constellation-agnostic Trimble ProPoint technology. (Source: u-blox Holding AG, Press Release, November 2023)

GNSS Chip Market Report Coverage and Deliverables

The "GNSS Chip Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:

  • GNSS chip market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • GNSS chip market trends, as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST and SWOT analysis
  • GNSS chip market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the GNSS chip market
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Device, Application, Vertical, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the estimated market size for the global GNSS chip market in 2024?

The global GNSS chip market was estimated to be US$ 5.24 billion in 2024 and is expected to grow at a CAGR of 8.3% during the forecast period 2025 – 2031.

What will be the market size of the global GNSS chip market by 2031?

The global GNSS chip market is expected to reach US$ 9.17 billion by 2031.

What is the incremental growth of the global GNSS chip market during the forecast period?

The incremental growth expected to be recorded for the global GNSS chip market during the forecast period is US$ 3.92 billion.

What are the future trends of the global GNSS chip market?

Application of GNSS in UGVs and UAVs is anticipated to play a significant role in the global GNSS chip market in the coming years.

Which are the key players holding the major market share of the global GNSS chip market?

The key players holding majority shares in the global GNSS chip market are Qualcomm Inc, Broadcom Inc, Septentrio NV, Trimble Inc, Furuno Electric Co Ltd, MediaTek Inc, STMicroelectronics NV, Skyworks Solutions Inc, u-blox Holding AG, and Quectel Wireless Solutions Co Ltd.

What are the driving factors impacting the global GNSS chip market?

Rising demand for 5G network and high-speed internet; increasing use of GNSS chips in consumer electronic devices; and surging need for accuracy in real-time data are the major factors that propel the global GNSS chip market.

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 Secondary Research

3.2 Primary Research

3.2.1 Hypothesis formulation:

3.2.2 Macro-economic factor analysis:

3.2.3 Developing base number:

3.2.4 Data Triangulation:

3.2.5 Country level data:

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 Increasing Use of GNSS Chips in Consumer Electronic Devices

5.2.3 Surging 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 Rising Use of IoT Technology in Autonomous Vehicles

5.4.2 Increasing Adoption of Technological Advancements such as Big Data and Augmented Reality

5.5 Future Trends

5.5.1 Application of 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), 2021–2031

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 2031 (US$ Million)

7.2 Tablets

7.2.1 Overview

7.2.2 Tablets: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

7.3 Personal Navigation Devices

7.3.1 Overview

7.3.2 Personal Navigation Devices: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

7.4 In-vehicle Systems

7.4.1 Overview

7.4.2 In-vehicle Systems: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

7.5 Others

7.5.1 Overview

7.5.2 Others: GNSS Chip Market – Revenue and Forecast to 2031 (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 2031 (US$ Million)

8.2 Mapping and Surveying

8.2.1 Overview

8.2.2 Mapping and Surveying: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

8.3 Telematics

8.3.1 Overview

8.3.2 Telematics: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

8.4 Timing and Synchronization

8.4.1 Overview

8.4.2 Timing and Synchronization: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

8.5 Others

8.5.1 Overview

8.5.2 Others: GNSS Chip Market – Revenue and Forecast to 2031 (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 2031 (US$ Million)

9.2 Automotive and Transportation

9.2.1 Overview

9.2.2 Automotive and Transportation: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

9.3 Military and Defense

9.3.1 Overview

9.3.2 Military and Defense: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

9.4 Marine

9.4.1 Overview

9.4.2 Marine: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

9.5 Others

9.5.1 Overview

9.5.2 Others: GNSS Chip Market – Revenue and Forecast to 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 2031 (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 Broadcom 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 Septentrio NV

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 Trimble Inc

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 Furuno Electric Co Ltd

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 MediaTek Inc

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 STMicroelectronics NV

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 Skyworks Solutions Inc

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 u-blox Holding AG

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 Quectel Wireless Solutions Co Ltd

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 Word Index

14.2 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 2031 (US$ Million)

Table 4. GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million) – by Device

Table 5. GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 6. GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million) – by Vertical

Table 7. North America: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 8. North America: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 9. North America: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 10. North America: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Country

Table 11. United States: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 12. United States: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 13. United States: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 14. Canada: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 15. Canada: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 16. Canada: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 17. Mexico: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 18. Mexico: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 19. Mexico: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 20. Europe: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 21. Europe: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 22. Europe: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 23. Europe: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Country

Table 24. Germany: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 25. Germany: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 26. Germany: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 27. France: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 28. France: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 29. France: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 30. Italy: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 31. Italy: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 32. Italy: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 33. United Kingdom: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 34. United Kingdom: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 35. United Kingdom: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 36. Russia: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 37. Russia: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 38. Russia: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 39. Rest of Europe: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 40. Rest of Europe: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 41. Rest of Europe: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 42. Asia Pacific: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 43. Asia Pacific: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 44. Asia Pacific: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 45. Asia Pacific: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Country

Table 46. China: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 47. China: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 48. China: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 49. Japan: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 50. Japan: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 51. Japan: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 52. South Korea: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 53. South Korea: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 54. South Korea: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 55. India: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 56. India: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 57. India: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 58. Australia: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 59. Australia: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 60. Australia: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 61. Rest of APAC: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 62. Rest of APAC: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 63. Rest of APAC: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 64. Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 65. Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 66. Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 67. Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Country

Table 68. Saudi Arabia: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 69. Saudi Arabia: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 70. Saudi Arabia: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 71. United Arab Emirates: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 72. United Arab Emirates: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 73. United Arab Emirates: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 74. South Africa: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 75. South Africa: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 76. South Africa: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 77. Rest of Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 78. Rest of Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 79. Rest of Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 80. South and Central America: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 81. South and Central America: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 82. South and Central America: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 83. South and Central America: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Country

Table 84. Brazil: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 85. Brazil: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 86. Brazil: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 87. Argentina: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 88. Argentina: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 89. Argentina: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 90. Rest of South and Central America: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Device

Table 91. Rest of South and Central America: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Application

Table 92. Rest of South and Central America: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million) – by Vertical

Table 93. List of Abbreviation

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 Revenue (US$ Million), 2021–2031

Figure 6. GNSS Chip Market Share (%) – by Device (2024 and 2031)

Figure 7. Smartphones: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 8. Tablets: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 9. Personal Navigation Devices: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 10. In-vehicle Systems: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 11. Others: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 12. GNSS Chip Market Share (%) – by Application (2024 and 2031)

Figure 13. Navigation and Location Based Services: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 14. Mapping and Surveying: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 15. Telematics: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 16. Timing and Synchronization: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 17. Others: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 18. GNSS Chip Market Share (%) – by Vertical (2024 and 2031)

Figure 19. Consumer Electronics: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 20. Automotive and Transportation: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 21. Military and Defense: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 22. Marine: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 23. Others: GNSS Chip Market – Revenue and Forecast to 2031 (US$ Million)

Figure 24. GNSS Chip Market Breakdown by Region, 2024 and 2031 (%)

Figure 25. North America: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 26. North America: GNSS Chip Market Breakdown, by Device (2024 and 2031)

Figure 27. North America: GNSS Chip Market Breakdown, by Application (2024 and 2031)

Figure 28. North America: GNSS Chip Market Breakdown, by Vertical (2024 and 2031)

Figure 29. North America: GNSS Chip Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 30. United States: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 31. Canada: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 32. Mexico: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 33. Europe: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 34. Europe: GNSS Chip Market Breakdown, by Device (2024 and 2031)

Figure 35. Europe: GNSS Chip Market Breakdown, by Application (2024 and 2031)

Figure 36. Europe: GNSS Chip Market Breakdown, by Vertical (2024 and 2031)

Figure 37. Europe: GNSS Chip Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 38. Germany: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 39. France: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 40. Italy: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 41. United Kingdom: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 42. Russia: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 43. Rest of Europe: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 44. Asia Pacific: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 45. Asia Pacific: GNSS Chip Market Breakdown, by Device (2024 and 2031)

Figure 46. Asia Pacific: GNSS Chip Market Breakdown, by Application (2024 and 2031)

Figure 47. Asia Pacific: GNSS Chip Market Breakdown, by Vertical (2024 and 2031)

Figure 48. Asia Pacific: GNSS Chip Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 49. China: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 50. Japan: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 51. South Korea: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 52. India: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 53. Australia: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 54. Rest of APAC: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 55. Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 56. Middle East and Africa: GNSS Chip Market Breakdown, by Device (2024 and 2031)

Figure 57. Middle East and Africa: GNSS Chip Market Breakdown, by Application (2024 and 2031)

Figure 58. Middle East and Africa: GNSS Chip Market Breakdown, by Vertical (2024 and 2031)

Figure 59. Middle East and Africa: GNSS Chip Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 60. Saudi Arabia: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 61. United Arab Emirates: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 62. South Africa: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 63. Rest of Middle East and Africa: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 64. South and Central America: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 65. South and Central America: GNSS Chip Market Breakdown, by Device (2024 and 2031)

Figure 66. South and Central America: GNSS Chip Market Breakdown, by Application (2024 and 2031)

Figure 67. South and Central America: GNSS Chip Market Breakdown, by Vertical (2024 and 2031)

Figure 68. South and Central America: GNSS Chip Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 69. Brazil: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 70. Argentina: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 71. Rest of South and Central America: GNSS Chip Market – Revenue and Forecast to 2031(US$ Million)

Figure 72. Heat Map Analysis by Key Players

Figure 73. Company Positioning & Concentration

The List of Companies - GNSS Chip Market

  • Qualcomm Inc
  • Quectel Wireless Solutions Co Ltd
  • 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.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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