GNSS Chip Market Overview by Top Players Segments Demand and Forecast till 2028

The "GNSS Chip Market" is projected to reach US$ 8,324.27 million by 2028 from US$ 5,669.00 million in 2021; it is expected to grow at a CAGR of 5.6% from 2021 to 2028.

The utilization of Unmanned Aerial Vehicles (UAVs) is witnessing a surge owing to the advent of advanced technologies like cloud computing, sense and avoid systems, and artificial intelligence. The integration of AI into UAVs has augmented their capabilities, such as data capture, navigation, data analysis, take-off, and data transmission, without human intervention. Many mobile network providers have declared the deployment of 5G networks in urban regions. AT&T commenced its 5G network in the US in 2018, and it is currently available to 230 million people in 14,000 towns and cities. South Korea ranks second in the race toward 5G implementation.

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Companies Profiled in this report includes:

• INTEL
• Mediatek
• QUALCOMM
• FURUNO
• Broadcom Inc.
• U-BLOX
• Trimble Navigation
• Septentrio
• Quectel Wireless
• Hemisphere GNSS Inc.
• Hexagon (Leica Geosystems)
• Hypack
• Javad

The COVID-19 pandemic has substantially impacted various industries worldwide, with varying degrees of severity depending on the country. Manufacturers have had to adapt to unexpected disruptions and challenging working conditions due to physical distancing requirements, leading to streamlining production processes. While the initial stages of the pandemic severely affected production processes and outcomes due to government-imposed limitations, increasing vaccination drives are expected to facilitate recovery by the end of 2022. The automotive and consumer electronics industries primarily drive the global GNSS chip market. However, the pandemic-induced downsizing and salary cuts have hampered consumers' purchasing power, reducing sales of electronic appliances such as smartphones and smartwatches in 2020. According to Automobile Industry Associations, the Indian automotive industry suffered a daily loss of approximately US$ 31,164 million in 2020. Nonetheless, as many countries have resumed their economic activities, the demand for GNSS chips has gradually increased.

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GNSS Chip Market Segmentation:

By Device:
• Smartphone
• Tablets
• Personal Navigation Device
• In-Vehicle System

By Application:
• Navigation & Location-based services
• Mapping
• Surveying
• Telematics
• Timing and Synchronization
• Others

By Vertical:
• Consumer electronics
• Automotive & Transportation
• Military & Defense
• Marine

The GNSS chip market is classified based on the device, application, and vertical. The device segment includes smartphones, tablets, personal navigation devices, in-vehicle systems, and others, with the smartphone segment holding the largest market share in 2021. The application segment includes navigation and location-based services, mapping, surveying, telematics, timing and synchronization, and others, with navigation and location-based services accounting for the largest market share in 2021. The vertical segment includes consumer electronics, automotive and transportation, military and defense, and others, with consumer electronics holding the largest market share in 2021. Geographically, the GNSS chip market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM), with APAC being a significant contributor to the market in 2021.

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