Nano Gps Chip Market 2019-2023 Global Industry Size, Sale Revenue and Key Players by OriginGPS, Shenzhen Esino Technology, Shenzhen Zhonghe Electronics, Dragon Bridge, VLSI Solution, Analog Devices, OLinkStar, Unicore Communications

Market Scenario:

The nano GPS chip market is not just growing, it is accelerating. Nano GPS chips are considered to be an innovation in the huge variety of GPS solutions. Nano chips are so tiny that they can even fit into a currency note and yet go unnoticed. Growing demand for digitization and nano GPS chip solutions in industrial applications are major factors driving the growth of the global nano GPS chip market. Furthermore, rise in demand for commercial devices enabled with tracking features is another major faactor driving the growth of nano GPS chip market.

OriginGPS Ltd., Shenzhen Esino Technology Ltd., Shenzhen Zhonghe Electronics Co., Ltd, Dragon Bridge (SZ) Tech Co., Ltd, VLSI Solution, Analog Devices Inc., and Fujitsu are a few major players in the global nano GPS chip market. Increasing adoption of digital media is responsible for fuelling the market growth. This is owing to the increase in demand for smartphones, tablet, and various other digital devices. In addition, increasing product developments and innovations by major market players stand as opportunities for the market to grow significantly.

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Smartphones sub-segment is expected to hold the largest market share of the global nano GPS chip market due to the increasing demand for smartphones across the globe. Increasing demand for smart wearable devices and tracking gadgets is another major factor responsible for driving the market growth.

The North America region holds the largest share of the market across the globe followed by Europe and Asia Pacific. The U.S. and Canada are dominating the North America market due to rising technological enhancements and growing adoption of nano GPS chip solutions in the region. Moreover, the region has a well-established infrastructure, which allows faster implementation of advanced technologies.

Key Players:

Some of the prominent players in the global nano GPS chip market are OriginGPS Ltd. (Israel), Shenzhen Esino Technology Ltd. (China), Shenzhen Zhonghe Electronics Co., Ltd (China), Dragon Bridge (SZ) Tech Co., Ltd (China), VLSI Solution (Finland), Analog Devices Inc. (U.S.), Fujitsu (Japan), OLinkStar Co., Ltd. (China), Unicore Communications, Inc. (China), and ATMEL Corporation (U.S.), among others.

Nano GPS chip Market Segmentation:

The global nano GPS chip market is segmented on the basis of type and application. The type segment is classified into sensitive, low power, and others. However, the sensitive nano GPS chip type is expected to grow at a significant rate and hold the largest market share owing to the increasing demand for high accuracy applications.
Some of the prominent players in the global nano GPS chip market are OriginGPS Ltd. (Israel), Shenzhen Esino Technology Ltd. (China), Shenzhen Zhonghe Electronics Co., Ltd (China), Dragon Bridge (SZ) Tech Co., Ltd (China), VLSI Solution (Finland), Analog Devices Inc. (U.S.), Fujitsu (Japan), OLinkStar Co., Ltd. (China), Unicore Communications, Inc. (China), and ATMEL Corporation (U.S.), among others.

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Market Research Analysis
North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The market in North America is witnessing a rapid growth due to technological advancements and rise in demand for nano GPS chip solutions across different industry verticals in this region. The U.S. holds the majority of market share in terms of revenue.

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