GNSS Chip Market will register a 7.3% CAGR in terms of revenue 2018-2024 | Leading Key Players: Qualcomm, Broadcom, Mediatek, u-blox, STM, Intel Corporation, Furuno Electric, Quectel Wireless Solutions, Navika Electronics, and More
Reports Monitor released a new Global GNSS Chip Market research study with over 100 industry informative desk and Figures spread through Pages and an in-depth TOC on “GNSS Chip Market CAGR rapidly Growth by Trends, Technologies & Opportunities Report 2018-2024”.
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.
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Some of the Key players: Qualcomm, Broadcom, Mediatek, u-blox, STM, Intel Corporation, Furuno Electric, Quectel Wireless Solutions, Navika Electronics, and more
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 $/Unit.
According to this study, over the next five years the GNSS Chip market will register a 7.3% CAGR in terms of revenue, the global market size will reach US$ 5430 million by 2024, from US$ 3570 million in 2019. In particular, this report presents the global revenue market share of key companies in GNSS Chip business.
Global GNSS Chip Research for a key company is an intelligent method of gathering and examining numerical data with regards to services and products. This Research give emphasis on the idea to aim at your targeted customer’s understanding, needs and wants. The study also displays how efficiently a company can meet their requirements.
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