GNSS Chip Market Revenue and Demand by 2023 With Key Players - Qualcomm, Broadcom Inc., Intel Corporation, Skyworks Solutions, Inc., Quectel Wireless Solutions, NXP Semiconductors and MediaTek

GNSS chip market is forecasted to reach $5,538.5 million by 2023 and it is forecasted to grow at 7.3% CAGR during 2017 -2023. APAC will be leading the GNSS chip market, witnessing the fastest CAGR of 7.8%, during the forecast period. Rise in demand of electronic, wearable and connecting devices, growing need for precise and real-time data along with the growing popularity of IoT are some of the major factors to have a significant positive impact on the industry.

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The various users of GNSS chips are automotive, consumer electronics, transport, marine, agriculture, military & defense, and construction industry. Technological evolutions in connected vehicles and automated driving domains are expected to be the major growth driver of GNSS-enabled applications and services in the automotive vertical over the next few years.

On the basis of application, GNSS chip market is categorized into LBS, surveying, telematics, navigation, mapping, timing & synchronisation and others, where others include gaming and weather forecasting. Telematics applications are expected to lead the market in terms of growth during the forecast period. The major factors bolstering the demand of GNSS chips in telematics include surging demand for integrated wireless communication systems within the vehicle, introduction of autonomous vehicles and transformation of non-connected cars into connected cars.

Some of the key companies among the international vendors includes Qualcomm Incorporated, Broadcom Limited, Intel Corporation, Furuno Electric Co., Ltd., Skyworks Solutions, Inc., Quectel Wireless Solutions Co., Ltd., Navika Electronics, NXP Semiconductors, MediaTek Inc. and U-blox.

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GNSS Chip Market Segmentation -
By Device
• Smartphones
• Tablets
• Personal Navigation Devices (PNDs)
• In-Vehicle Systems (IVSs)
• Others (Phablets, Wearable Devices and Digital Camera)

By Vertical
• Automotive
• Consumer Electronics
• Transport
• Marine
• Agriculture
• Military and Defense
• Construction

By Application
• Location-Based Services (LBS)
• Surveying
• Telematics
• Navigation
• Mapping
• Timing and Synchronization
• Others (Gaming and Weather Forecasting)

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