According to a market report by Lucintel, the future of the GNSS chip market looks promising with opportunities in the consumer electronics, construction, agriculture, automotive, military & defense, marine, and transportation industries. The global GNSS chip market is expected to grow with a CAGR of 9% from 2021 to 2026. The major drivers for this market are increasing demand for IoT and integration of GNSS chips in self-driving cars, drones, smart sensors, connected homes, and wearable devices.
In this market, GNSS chips are used in smartphones, tablets, personal navigation devices, and in-vehicle systems. Smartphones will remain the largest device segment due to integration of GNSS chips in smartphones for navigation purposes.
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Within this market, the automotive market is expected to witness the highest growth over the forecast period due to increasing demand for connected cars.
Asia Pacific will remain the largest region in the forecast period due to ongoing technological advancements in the consumer electronics sector and the growing popularity of wearable devices in APAC.
Qualcomm Incorporated, STMicroelectronics NV, MediaTek Inc., U-Blox Holding AG, Broadcom Limited, Intel Corporation, Furuno Electric Co., Ltd., Skyworks Solutions, Inc., Quectel Wireless Solutions Co., Ltd., and Navika Electronics are among the major GNSS chip manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global GNSS chip market by device, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global GNSS Chip Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global GNSS chip market by device, application, end use industry, and region as follows:
By Device [$M shipment analysis for 2015 – 2026]:
Smartphones
Tablets
Personal Navigation Devices
In-Vehicle Systems
Others
By Application [$M shipment analysis for 2015 – 2026]:
Navigation
Mapping
Surveying
Location-Based Services
Telematics
Timing and Synchronization
Others
By End Use Industry [$M shipment analysis for 2015 – 2026]:
Consumer Electronics
Construction
Agriculture
Automotive
Military & Defense
Marine
Transport
By Region [$M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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