Europe GNSS Chip Market 2021 Best Workable Strategy That Will Help to Boost your Revenue Till 2028 | Intel Corporation., MediaTek INC., Broadcom., HEMISPHERE GNSS., Skywork Solutions

The Europe GNSS chip market is expected to reach US$ 2,069.32 million by 2028 from US$ 1,481.02 million in 2021. The market is estimated to grow at a CAGR of 4.9% from 2019 to 2028.

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The Business Market Insights provides you regional research analysis on "Europe GNSS Chip Market" and forecast to 2028. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Europe GNSS Chip market during the forecast period, i.e., 2021-2028.

Consumer electronic devices such as smartphones, smart wearables, digital cameras, and tablets use GNSS technology for mapping, geo-marketing, and navigation applications. Almost 50% of the European population is using tech-advanced wearable devices such as fitness bands and smart watches. GNSS chips are majorly being integrated into these devices to offer precise locations of the user while running, walking, or driving. This feature has led to an increase in the adoption of various location-based services (LBS) and applications depending on the 4G network solution. With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe GNSS chip market. The Europe GNSS chip market is expected to grow at a good CAGR during the forecast period.

Major key players covered in this report:
• Intel Corporation.
• MediaTek INC.
• Qualcomm Technologies Inc.
• FURUNO ELECTRIC CO.LTD
• Broadcom.
• STMicroelectronics.
• Hexagon AB Trimble Inc.
• Septentrio N.V.
• u-blox Holding AG.
• HEMISPHERE GNSS.
• Skywork Solutions.

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The Europe GNSS chip market is segmented based on device, application, vertical, and country. Based on device The Europe GNSS chip market is segmented smartphones, tablets, personal navigation devices, in-vehicle systems, others. The smartphones segment is dominated Europe GNSS Chip Market in 2020.Based on Vertical the Europe GNSS chip market segmented into consumer electronics, automotive & transportation, military and defense, marine and others. The consumer electronics segment Europe GNSS chip market dominated vertical in 2020.Based on application the Europe GNSS chip market segmented into navigation & location-based services, mapping, surveying, telematics, timing and synchronization, and others. The navigation & location-based services segment the Europe GNSS Chip Market Dominated in 2020. Based on country, the Europe GNSS chip market is segmented into Germany, the UK, Italy, France, Russia, and the Rest of Europe. Germany dominated the Europe GNSS chip market in 2020.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Europe GNSS Chip market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Europe GNSS Chip market segments and regions.

The research on the Europe GNSS Chip market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Europe GNSS Chip market on the basis of end user, product type, application, and demography for the forecast period 2021-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

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This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Europe GNSS Chip market.

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