GPS Chipset Market Estimated to Flourish by 2027 | Broadcom, Infineon Technologies AG, Maxim Integrated, MediaTek, Qualcomm Technologies International, SkyTraq Technology, STMicroelectronics, Texas Instruments and u-blox

Worldwide GPS Chipset Market Analysis to 2027 is a specialized and in-depth study of the GPS Chipset Industry with a focus on the global market trend. The report aims to provide an overview of global GPS Chipset Market with detailed market segmentation by product/application and geography. The global GPS Chipset Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the GPS Chipset players and offers key trends and opportunities in the market.

The Global Positioning System (GPS) chips provide users instant location and time data anywhere on Earth. GPS is a space-based navigation system. GPS trackers are used to track assets by their owners, for tracking vehicles by fleet operators; and also to track individuals and other tracking objects. The global GPS chipset market is expected to grow due to a rise in the popularity of GPS tracking devices and increasing demand for smartphones across the globe.

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Top Leading Market Players:

1. Broadcom
2. FURUNO Electric Co., Ltd
3. Infineon Technologies AG
4. Maxim Integrated
5. MediaTek Inc
6. Qualcomm Technologies International
7. SkyTraq Technology Inc
8. STMicroelectronics
9. Texas Instruments
10. u-blox

Rising demand for accurate real-time data, high penetration of consumer electronics devices, rising demand for high-speed internet. Also the network coverage such as 4G, 5G enabled devices, the growing popularity of IoT are the major drivers of the GPS chipset market. However, high capital expenditure in the agricultural application is limiting the market. On the other hand, increasing use for unmanned vehicle and growing demand for wearables are creating opportunities for the GPS chipset market.

Market Segmentation:

The global GPS Chipset market is segmented on the basis of type and application. Based on type, the market is segmented as type 1 and type 2. On the basis of the application, the market is segmented into portable navigation devices (PND), automotive, consumer electronics, handheld device, and other applications.

Key questions answered in the report include

• What will the market size and the growth rate be in 2027?
• What are the key factors driving the global GPS Chipset market?
• What are the key market trends impacting the growth of the GPS Chipset market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global GPS Chipset market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA?

The GPS Chipset Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 18 countries across the mentioned regions.

The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

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Reasons to Buy the Report:

• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

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This release was published on openPR.