GNSS Chip Market Analysis and Scope (2023 to 2030)
GNSS Chip Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 4.89 Billion |
Market Size by 2030 | US$ 9.19 Billion |
Global CAGR (2022 - 2030) | 8.2% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Device
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
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.