By 2025, GNSS Chip Market to Grow Significantly Via Automotive Sector

The automotive sector is one of the major industries contributing to the GNSS chip market growth. With the emergence of automobiles enabled with innovative functionalities, the integration of GPS has been a common factor. This system is immensely benefiting the autonomous driving technology, which will help to determine lane and directions and to navigate in different directions. The users can track live locations and get accurate locations with the help of these satellite systems. Therefore, this sector is accelerating the demand for GNSS chips.

The increasing demand for unmanned aerial vehicles is one of the major emerging trends driving the GNSS chip market growth. An unmanned aerial vehicle is a system or aircraft remotely operated by an autonomous computer, which has found its way to several applications for monitoring, real-time assessment, and mapping of large-scale areas. Mapping of areas affected by natural disasters is one of the major applications of UAVs, creating a demand for GNSS chips. For instance, a landslide affected area was monitored using the UAV in India’s state Meghalaya to study the loss of properties and life. GNSS chips are crucial in UAVs for tracking and navigation purposes. Increase in UAV applications will propel the growth of these chips.

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With advancements in digitalization, these components are being integrated into several electronic products including smartphones, digital cameras, tablets, laptops, smart devices, etc. These systems are now being extensively used in wearable devices and the IoT (Internet of Things). The demand from the electronics sector is also expected to increase the demand in the GNSS chip market. For instance, fitness bands are integrated with these systems to give precise locations to the user even while walking, running, or driving. Users can track and navigate locations without any manual help. With this location tracking application, the user can determine the location and whereabouts of their closed ones. For instance, FollowMe is one such app designed for the iPhone to track the location of their friends and relatives, further minimizing the security issues.

One of the factors acting as a hindrance in the growth of the GNSS chip market is the high-power consumption by these systems. Most systems do not survive for a longer duration, which requires frequent recharge and change of battery, resulting in much higher costs. Another challenge in the GNSS chip industry is the lack of precision and robustness, which is not suitable for emerging advancements in the automotive sector such as autonomous driving. These systems provide poor coverage, where large structures such as tall buildings act as hurdles, in providing accurate information resulting in the rise of multipath interference of signals.

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The GNSS chip market is propelled by regions such as Europe, Russia, the U.S., and China, who have their own satellite systems. Europe’s satellite navigation system, Galileo, has the maximum number of satellites with high frequencies. Automotive industries in Europe have an increasing demand for new technology applications. More and more applications integrated with navigation systems are being introduced, driving a high demand in the GNSS chip market. This region will witness a rise in the demand for more such applications to cater to the industry demand, propelling the market growth. These systems are being widely used by various industries for navigation purposes and surveying.

The GNSS chip market is highly competitive due to continuous innovations, where more companies are trying to integrate this technology with their products. Intense competition prevails between leading manufacturers, such as Spirent, Broadcom Inc., Honeywell, and Leica Geosystems, among others. Honeywell came up with high-quality units for the automotive sector, which will offer precise data even in an obstructed environment. In addition, Broadcom Inc., a leading company, launched a dual frequency system in September 2017.

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