GNSS Chips & Modules Market Share and Business Revenue 2021 Trending Opportunities, Regional Analysis by Forecast to 2027 Top Companies: Qualcomm, Broadcom, Mediatek, U-blox

Global GNSS Chips & Modules Market research provides an in-depth analysis of the market for the coming years. The research includes numerous sections as well as an examination of market trends and development drivers that are critical to the industry's success. The drivers, constraints, and opportunities are all included in this list.

The GNSS Chips & Modules Market is expected to register a CAGR of 14.3% over the forecast period 2021 – 2027

The Market Intelligence Data in the Global GNSS Chips & Modules Market Report ranges from 2021 to 2027. The study provides an overview of the industry, including major drivers and risk factors. The study is divided into sections by leading worldwide manufacturers, with sales, revenue, and prices included where appropriate. It also assesses the competitive landscape of the major companies.

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Top Key Players: Qualcomm, Broadcom, Mediatek, U-blox, STM, Intel Corporation, Furuno Electric, Quectel Wireless Solutions, Navika Electronics.

Segment by Type:

High Precision GNSS Chips & Modules

Standard Precision GNSS Chips & Modules

Segment by Application:

Smartphones

Tablets

Personal Navigation Devices

In-Vehicle Systems

Wearable Devices

Digital Cameras

Others
Market Overview
The GNSS downstream (both devices and services) market was valued at USD 162.9 billion in 2020, and it is expected to reach USD 353.17 billion by 2026, registering a CAGR of 14.6% during the period of 2021-2026. The precision and accuracy of these chips are largely dependent on the satellites in the visibility range. As a result, multiple countries are trying to deploy regional constellations for better navigation and mapping. However, as of the market scenario, only five countries (China, Russia, United States, India, and Japan), along with the European Union, have their own GNSS systems.

The increasing volume of consumer electronics that are equipped with navigation and positioning features are expected to create a huge demand for low power GNSS chips. Similarly, at a global scale, these numbers are expected to be far high, especially from the Asia-Pacific region, which is one of the fastest growing markets for consumer electronics. Over the forecast period, such growth in demand for consumer electronics is expected to retain it as the largest consumer of GNSS chips.
Moreover, the technology has been witnessing a significant investments for the development of chipsets. For instance, the European Commission allocated a total budget of EUR 101 million between 2015 and 2020. The budget is devoted by the European Union, to support the development of EGNSS-enabled chipsets, receivers, and antennas, to facilitate the adoption of EGNSS systems, improve the competitiveness of the EU industry, address user needs, and maximize benefits to the EU citizens.

Regional Analysis:

North America (the United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)

Table of content:

Report Overview
Market Trends and Competitive Landscape
Segmentation of GNSS Chips & Modules Market by Types
Segmentation of GNSS Chips & Modules Market by End-Users
Market Analysis by Major Regions
Product Commodity of GNSS Chips & Modules Market in Major Countries
North America GNSS Chips & Modules Landscape Analysis
Europe GNSS Chips & Modules Landscape Analysis
Asia Pacific GNSS Chips & Modules Landscape Analysis
Latin America, Middle East & Africa GNSS Chips & Modules Landscape Analysis
Major Players Profile

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Reasons to Purchase this report:

The industry analysis report offers actionable insights into the global GNSS Chips & Modules industry and examines the major growth propellers, limitations, opportunities, and challenges existing in the market.

The research looked at current and past market circumstances in-depth to assist readers forecast market conditions for the next five years.

The research presents a comprehensive overview of the main businesses in the GNSS Chips & Modules industry, as well as their long-term commercial growth strategies.

In-depth scrutiny of the GNSS Chips & Modules business landscape with accurate market projections for the forecast period.

Impact of COVID-19 on the GNSS Chips & Modules Market

The global pandemic COVID-19 has had a direct or indirect impact on the GNSS Chips & Modules market. This research contains a distinct part that explains the pandemic's aftereffects in great detail. The comprehensive analysis examines the likely effects of the global financial crisis on GNSS Chips & Modules.

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