Press release
GNSS Chip Market Expected to Reach 6220 Mn US$ by 2025 | Leading Players:Qualcomm, Broadcom, Mediatek, u-blox, STM, Intel Corporation, Furuno Electric, Quectel Wireless Solutions, Navika Electronics
Global Navigation Satellite System (GNSS) is the infrastructure that allows users with a compatible device to determine their position, velocity and time by processing signals from satellites. GNSS signals are provided by a variety of satellite positioning systems, including global and regional constellations and Satellite-Based Augmentation Systems:
The APAC region would continue to account for the largest share of the GNSS chip market in the coming years. Due to the increasing adoption of IoT and portable consumer electronics devices in countries such as China, Japan, and South Korea, the GNSS chip market in APAC is expected to grow at a high rate.
Qualcomm, Broadcom and Mediatek captured the top three revenue share spots in the GNSS Chips market in 2016. Qualcomm dominated with 24.46% revenue share, followed by Broadcom with 13.68% revenue share and Mediatek with 8.19% revenue share.
In the next five years, the global consumption volume of GNSS Chips will show upward tendency further, consumption volume is expected in 2022 will be 3149.51 Million Units. The average price is around 1.60 $/Unit.
Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, in future still more new investment will enter into the field. Technology and cost are two major problems.
Although sales of GNSS Chips brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk the enter this market
In 2017, the global GNSS Chip market size was 3570 million US$ and it is expected to reach 6220 million US$ by the end of 2025, with a CAGR of 7.2% during 2018-2025.
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The key players covered in this study
Qualcomm
Broadcom
Mediatek
u-blox
STM
Intel Corporation
Furuno Electric
Quectel Wireless Solutions
Navika Electronics
Market segment by Type, the product can be split into
High Precision GNSS Chips
Standard Precision GNSS Chips
Market segment by Application, split into
Smartphones
Tablets
Personal Navigation Devices
In-Vehicle Systems
Wearable Devices
Digital Cameras
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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