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GNSS Chip Market 2021 : Future Growth Prospect, Industry Share And Growing Demand Analysis Till 2026

11-02-2021 10:58 AM CET | IT, New Media & Software

Press release from: Market Insights Reports

The GNSS Chip Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the GNSS Chip market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the GNSS Chip market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the GNSS Chip market.

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.

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https://www.marketinsightsreports.com/reports/02082592347/gnss-chip-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=namita

Top Leading Companies of GNSS Chip Market are - Qualcomm Technologies, Inc., Mediatek Inc., STMicroelectronics N.V., Broadcom Corporation, Intel Corporation, U-blox Holdings AG, Navika Electronics, Quectel Wireless Solutions Co. Ltd, Skyworks Solutions Inc., Furuno Electric Co. Ltd, Hemisphere GNSS, Trimble Inc., Garmin Ltd. and others.

Industry News and Updates:

- September 2019 - Trimble and Qualcomm Technologies entered a strategic partnership, primarily to build a high-accuracy positioning system for connected vehicles. Both the 4G and 5G platform of Qualcomm Technologies will host Trimbles’s RTX precise positioning software, which can provide real-time and multi constellation GNSS corrections. The combined solution will provide reliable, consistent, and high-accuracy positioning in a broadcast format.

- January 2019 - Allystar Technology Co. Ltd. launched a multi-band, multi-GNSS system on a chip, the HD8040 series, to help portable devices save size and weight. The HD8040 offered in wafer-level chip-scale packaging (WLCSP).

Key Market Trends:

Smartphones to Drive the Market Growth

- Despite considerable saturation of mature markets, such as EU28, North American, and China, for smartphones, the shipments of smartphones still outnumber devices using GNSS chips.Smartphones have been using GNSS chips for a considerable time. In most of the cases, these chips support all publicly available satellite networks, such as GPS, GLONASS, Galileo, etc. However, when compared to dedicated navigation devices, these solutions were less accurate.

- For instance, the Lenovo Z6, launched in 2019, featured Allystar HD8040 series chipset, which is a multi-GNSS chip, that comes with is dual-frequency GNSS capable of tracking the latest BDS phase III signal.

- Moreover, the European Commission has approved a regulation mandating that new smartphones launched in the market will have to include satellite and Wi-fi location services. According to the regulation, chipsets, enabled with the Global Navigation Satellite System (GNSS) capabilities, is likely to have access to the EU’s satellite system Galileo, which provides an accurate positioning and timing information. Eight EU countries have been following this regulation and are using Galileo compatible chipsets.

North America Holds Significant Market Share

- North America is one of the largest markets for GNSS chips in the world. It is the second-largest market for smartphones and tablets, the second-largest market for in-vehicle navigation systems, and the largest manufacturer of aircrafts and one of the largest manufacturers of aerospace and maritime navigation products.

- Hence, the country has an immense demand from almost all the end users in the region. In case of the United States, the John S. McCain National Defense Authorization Act (NDAA) for Fiscal Year 2019 approved a spending of USD 716 billion, of which USD 1.46 billion is dedicated to the country’s GPS program.

- Additionally, there is considerably a high R&D activity in the region. The ongoing expansion of GPS III network, R&D activities to make GNSS chips more secure, etc., are expected to open new opportunities for the market studied in the region.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- GNSS Chip Market Size & Analysis (2016 - 2026)
- Market Share Analysis of GNSS Chip Market (%),2016 - 2026
- GNSS Chip Market Share, By Brand
- GNSS Chip Market Share, By Company
- GNSS Chip Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies GNSS Chip Market Value Analysis & Forecast
- Promising GNSS Chip Development by Major Companies
- Detailed GNSS Chip Portfolio of the Major Companies
- Major Deals in the GNSS Chip Market
- Major Companies Analysis

Browse Full Report at:

https://www.marketinsightsreports.com/reports/02082592347/gnss-chip-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita

We Offer Customization on Report Based on Specific Client Requirement:

- Country Level analysis for any 5 countries of your choice.

- Competitive analysis of any 5 key market players.

- 40 analyst hours to cover any other data point.

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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