Press release
GPS & GNSS Chips Market 2021 Business Scenario – Intel, Qualcomm, Broadcom, STMicroelectronics, Mediatek
MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on GPS & GNSS Chips market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends.The GPS & GNSS Chips Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the global GPS & GNSS Chips Market with its specific geographical regions.
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“GPS & GNSS Chips 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”
Top leading Companies Profiled in GPS & GNSS Chips Market Report are Intel, Qualcomm, Broadcom, STMicroelectronics, Mediatek, U-Blox Holdings, Furuno Electric, Skyworks Solutions, Quectel Wireless Solutions, Navika Electronics, OLinkStar
News and Latest Developments
The GNSS chip market consists of several players. In terms of market share, none of the players dominate the market. Major players include Qualcomm Technologies, Inc., Mediatek Inc., STMicroelectronics N.V., among others. The market players are considering strategic partnerships and collaborations to expand their market share. Some of the recent developments in the market are:
January 2021 - Qualcomm Technologies, Inc. and Alps Alpine Co., Ltd. announced a camera-based sensing and positioning device called ViewPose to support absolute lane-level vehicle positioning. Alps Alpine is leveraging multiple solutions from Qualcomm Technologies like the Qualcomm Snapdragon Automotive 5G platform, which supports Multi Frequency GNSS and a Snapdragon Automotive Cockpit Platform for processing multiple camera images and Vision Enhanced Precise Positioning (VEPP) software. This provides a cost-effective solution to lane-level accuracy for the electric front, rear- and side-view mirrors, high-definition map crowdsourcing, lane-level navigation for cellular vehicle-to-everything (C-V2X), and advanced driving assistance systems (ADAS) and autonomous driving applications.
Market overview
Global Navigation Satellite System (GNSS) primarily refers to a constellation of satellites, which provides signals from space that transmit positioning and timing data to GNSS receivers. The receivers then use this data to determine various factors, such as location, speed, and altitude, in combination with several sensors. The study covers the market based on device type and uses of GNSS in different end-user industries across the globe.
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.
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.
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Market Research Study Focus on these Types:
Contact Chips
Non-contact Chips
Market Research Study Focus on these Applications:
Consumer Electronics
Automotive
Military & Defense
Transportation
Other
Global GPS & GNSS Chips Market: Regional Segment-
─North America (US, Canada)
─Europe (Germany, UK, France, Rest of Europe)
─Asia Pacific (China, Japan, India, Rest of Asia Pacific)
─Latin America (Brazil, Mexico)
─Middle East and Africa
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Key Takeaways from GPS & GNSS Chips Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals
─Understand the different dynamics influencing the GPS & GNSS Chips market – key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance – GPS & GNSS Chips market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues.
─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the GPS & GNSS Chips
GPS & GNSS Chips Market Scenario:
This research report represents a detailed research overview of the competitive landscape of the GPS & GNSS Chips Market. Furthermore, it offers massive data relating to recent trends, developments, tools, and methodologies. The research report analyzes the GPS & GNSS Chips Market in a detailed manner for better insights into the businesses.
The report evaluates the growth rate and the Market value based on Market dynamics, growth-inducing factors. The complete knowledge is based on the latest industry news, threats, opportunities, and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.
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https://www.marketinsightsreports.com/reports/10203430786/china-gps-gnss-chips-market-report-forecast-2021-2027?Mode=S21
Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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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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