Global GPS Chips Market Trends And Forecast To 2026 | Broadcom, Spk Electronics, Maxim Integrated, Sparkfun Electronics, Furuno Electric

The research and analysis conducted in Global GPS Chips Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Global GPS Chips industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Global GPS Chips Market report is provided that covers many work areas.

Market expectations for likely development openings have been mentioned clearly in this world class Global GPS Chips Market research report. Competition analysis has been taken into account while preparing this report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about an absolute knowhow of general market conditions and tendencies with the information and data covered in this Global GPS Chips Market report.

Global GPS chips market is expected to register a substantial CAGR during the forecast period of 2019-2026. This rise in market value can be attributed to the rising consumption and manufacturing of smartphones.

Market Definition: Global GPS Chips Market

GPS chips are a type of GPS solution. The increasing demands of digitization in the industrial applications are boosting the demand of GPS chips market. The GPS chips are used to receive GPS signals from the satellites. By using wireless connectivity, the chips can transmit the data to the controlling devices such as mobile phone or PC. The GPS tracking application is normally installed for viewing the chip’s location. GPS chips are smaller and lightweight so that it can be built into any device.

Market Drivers:

Growing number of commercial vehicles acts as a market driver
Rising demand of tracking devices and security system is also expected to drive the growth of this market
Growing adoption of the digital media also acts as a market driver
Rising demand of tablet, smartphones and other digital devices are escalating the market growth

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Market Restraints:

Poor satellite signal in the urban areas is expected to restrain the market growthImpact of non-standard products and various environmental factors can lead to poor user experience
Lack of knowledge regarding the usage of GPS chips can also hamper the market growth

Segmentation: Global GPS Chips Market

By Product Type

Simple Type
Professional Type
Others

By Application

Navigation
Mobile Phone
Others

By End User

Aerospace
Consumer Electronics
Automotive
Military & Defence
Transportation
Others

By Geography

North America
S.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
Italy
K.
Belgium
Spain
Russia
Turkey
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
Middle East & Africa
UAE
Saudi Arabia
Egypt
South Africa
Israel
Rest of Middle East and Africa

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Key Developments in the Market:

In May 2019, Lenovo Group launched the Lenovo Z6 Pro which is a flagship smartphone. The company announced that a lower end device would also join the Lenovo Z6 Pro which is known as the Lenovo Z6 Youth Edition. This feature would help the customers to accurately locate the position. This advanced feature would help in enhancing the customer base of the company
In September 2017, Broadcom announced the advancement of the new GPS chip named BCM47755. This new GPS chip is more accurate than conventional chip which are used in the smartphones. This strategy would help in the expansion of the product portfolio of the company thereby enhancing the customer base of the company

Competitive Analysis:

Global GPS chips market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of GPS Chips market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global GPS chips market are Broadcom, SPK ELECTRONICS CO., LTD. Maxim Integrated, SparkFun Electronics, FURUNO ELECTRIC CO. LTD., SAN JOSE TECHNOLOGY, INC., Skyworks Solutions, Inc., SkyTraq Technology, Inc., Central Electronics Limited, NovAtel Inc., ROAD POINT INDIA, Isecuro, ESINO, SHENZHEN ZHONGHE ELECTRONIC CO. LTD., OriginGPS Ltd., Shenzhen Dragon Bridge Technology Co., Ltd, VLSI Solution Oy, Analog Devices, Inc., Shenzhen Eelink Communication Technology Co., Ltd., ThinkRace Technology, among others.

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The Global GPS Chips market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Global GPS Chips market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Global GPS Chips market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Global GPS Chips market. These factors have benefited the growth of the global market for Global GPS Chips. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

Reasons to Purchase this Report:

Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
Market value USD Million and volume Units Million data for each segment and sub-segment
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)

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Table of Content:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

Market outline

PART 05: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 06: MARKET SIZING

Market definition
Market sizing 2021
Market size and forecast

PART 07: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 08: MARKET SEGMENTATION BY PRODUCT

Global Global GPS Chips market by product
Comparison by product
Market opportunity by product

PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

Global Global GPS Chips market by distribution channel
Comparison by distribution channel
Global Global GPS Chips market by offline distribution channel
Global Global GPS Chips market by online distribution channel
Market opportunity by distribution channel

PART 10: CUSTOMER LANDSCAPE

PART 11: MARKET SEGMENTATION BY END-USER

Global Global GPS Chips market by end-user
Comparison by end-user

PART 12: REGIONAL LANDSCAPE

Global licensed Global GPS Chips market by geography
Regional comparison
Licensed Global GPS Chips market in Americas
Licensed Global GPS Chips market in EMEA
Licensed Global GPS Chips market in APAC
Market opportunity

PART 13: DECISION FRAMEWORK

PART 14: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 15: MARKET TRENDS

PART 16: VENDOR LANDSCAPE

Overview
Landscape disruption
Competitive scenario

PART 17: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors

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