Global GNSS Chip Market Report 2018-2023 - Growing Demand for Consumer Electronic and IoT Devices Applications - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global GNSS Chip Market - By Device Type (Smartphones, Tablets, Personal Navigation Devices, In-Vehicle systems), Application Type, End Users and Region - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The GNSS Chip Market was valued at USD 3.64 billion in 2017, and is expected to reach USD 5.63 billion by 2023, with a CAGR of 7.56%, during the forecast period (2018-2023).

The market for the GNSS Chip Market is increasing at high rate across the world, owing to the emergence of advanced GNSS-enabled platforms, which helps to develop new GNSS technology. Advanced, GNSS chips allow thousands of customers to use similar resources aiding companies to reduce their expenses.

With the rising demand for the high-speed internet for applications such as autonomous driving, distance learning, video calling, multi-user gaming, and the advent of the 5G network is increasing rapidly, Smart Cities and the IoT is set to spawn a further proliferation and diversification of GNSS-enabled added-value services. All the above factors have been significant growth aspects for the cloud enable technology market on a global arena.

Growing Demand for Consumer Electronic and IoT Devices Applications

With the most cost-effective and performant source of positioning and timing information in outdoor environments, GNSS has become an important element of major contemporary technology developments notably including the Augmented Reality, IoT, Big Data, Smart Cities and Multimodal Logistics. The annual revenues will hit Euro 195 billion in 2025, more than 2.5 times higher than the expected GNSS device and service revenues.

These distinct macro trends will take place within, across and beyond conventional GNSS market segments. Whereas GNSS is the key enabler of several services encapsulated in these macro trends, emerging technology paradigms such as the IoT or Smart Cities create linkages between established GNSS market segments, creating a window of opportunity for hybrid and cross-cutting applications and generating new user needs and requirements.

For instance, Apple is improving in maps by doing advancements in mapping data, GNSS (Global Navigation Satellite System) technology, and Augmented Reality in a big way. As the demand for the GNSS Chip Market is directly related to the number of Smart devices, the more number of Smart devices around the globe, higher is the demand for GNSS Chip market.

Market Developments through 2017-2018

• Feb 2018: u-blox has done product innovation in their product portfolio e u-blox F9 technology platform, delivering high precision positioning solutions for mass market industrial and automotive applications.
• May 2017: STMicroelectronics NV has done the partnership with Allystar to develop GNSS applications and solutions for automotive products as well as a wide array of some other applications.

Key Topics Covered

1. Introduction

1.1. Key Study Deliverables

1.2. Market Definition

1.3. Study Assumptions

2. Research Methodology

3. Executive Summary

4. GNSS Chip Market Insights

4.1. GNSS Chip Market Overview

4.2. Porter's Five Forces Analysis

4.3. Industry Value Chain Analysis

4.4. Industry Policies

5. GNSS Chip Market Dynamics

5.1. GNSS Chip Market Drivers

5.1.1. Increasing Demand for Accurate Real-time Data

5.1.2. High Penetration of Consumer Electronic and IoT Devices

5.1.3. Increasing Demand for High-Speed Internet and Network Coverage such as 4G/5G Enabled Devices

5.2. GNSS Chip Market Challenges

5.2.1. Inability of GNSS to Offer Accurate Underground, Underwater and Indoor Navigation

5.2.2. High Power Consumption

6. Technology Snapshot

7. Global GNSS Chip Market

7.1. By Device Type

7.1.1. Smartphones

7.1.2. Tablets

7.1.3. Personal navigation devices (PNDs)

7.1.4. In-vehicle systems (IVSs)

7.2. By Application Type

7.2.1. Location-based Services (LBS)

7.2.2. Surveying

7.2.3. Telematics

7.2.4. Navigation

7.2.5. Mapping

7.2.6. Timing and Synchronization

7.2.7. Others

7.3. By End-user Type

7.3.1. Automotive

7.3.2. Consumer electronics

7.3.3. Agriculture

7.3.4. Military and Defense

7.3.5. Others

7.4. By Region

7.4.2. Europe GNSS Chip Market Size

7.4.3. Asia-Pacific

7.4.4. Latin America

7.4.5. Middle East & Africa

8. Competitive Intelligence - Company Profiles

8.1. Intel Corporation

8.2. u-blox Holdings AG

8.3. MediaTek Inc.

8.4. Navika Electronics

8.5. Quectel Wireless Solutions Co. Ltd

8.6. Skyworks Solutions Inc.

8.7. Furuno Electric Co. Ltd.

8.8. Broadcom Limited

8.9. Qualcomm Technologies Inc.

8.10. STMicroelectronics N.V.

8.11. Eagle UAV Services

8.12. Misfit Inc.

8.13. Hemisphere GNSS

*List Not exhaustive

9. Investment Analysis

10. Future of GNSS Chip Market

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