Press release
Global Navigation Satellite System (GNSS) Chip Market Statistics And Analysis 2024-2033
Global Navigation Satellite System (GNSS) Chip Market Statistics
As per the report, the global navigation satellite system (GNSS) chip market size has grown strongly in recent years. It will grow from $5.42 billion in 2023 to $5.83 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The global navigation satellite system (GNSS) chip market size is expected to see strong growth in the next few years. It will grow to $67.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
Download Free Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14110&type=smp
Rising Volume Of Electronics Fuels Growth In GNSS Chip Demand
The increasing demand for consumer electronics is expected to propel the growth of the global navigation satellite system (GNSS) chip market going forward. Consumer electronics refers to an industry that involves designing, developing, and producing electronic devices for personal use. GNSS chips in consumer electronics enable precise location services, enhancing navigation and location-based functionalities in devices such as smartphones and wearables to provide critical information for emergency response and search and rescue operations. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the overall electronic device production in Japan amounted to $6,722 million (¥771,457 million), with consumer electronics device production increasing from $230.9 million (¥25,268 million) in May 2022 to $280 million (¥32,099 million) in May 2023. Therefore, the increasing demand for consumer electronics is driving the global navigation satellite system (GNSS) chip market.
Advance Technologies In Global Navigation Satellite System (GNSS) Chip Market
Major companies operating in the global navigation satellite system (GNSS) chip market are focused on developing innovative products with advanced technological solutions, such as wide-area real-time kinematics technology, to strengthen their position in the market. Wide-area real-time Kinematics (WARTK) is a technology that supports precise and real-time positioning over a large geographic area. For instance, in October 2023, LOCOSYS Technology Inc., a Taiwan-based manufacturer of GPS/GNSS positioning and navigation-related products and modules, launched 100km Wide-Area Real-Time Kinematics (WARTK) support technology. 100km Wide-Area Real-Time Kinematics (WARTK) support technology is designed to accomplish high-precision positioning over extended distances, such as in densely developed metropolitan areas or isolated rural settings, and it plays a vital role in geographic information system (GIS) applications, monitoring the environment, and natural resource management. Global navigation satellite systems, particularly Real-Time Kinematics (RTK), are integrated into intelligent transportation systems for vehicle navigation, fleet management, transportation system management, highway construction, and other emerging applications such as connected and automated vehicles, smart cities, transportation infrastructure, and advanced vehicle control systems.
The global navigation satellite system (GNSS) chip market covered in this report is segmented -
1) By Device Type: Smartphones, Tablets And Wearables, Personal Tracking Devices, Low-Power Asset Trackers, In-Vehicle Systems, Drones, Other Device Types
2) By Application: Navigation, Mapping, Location-Based Services, Surveying, Telematics, Timing And Synchronization, Other Applications
3) By Vertical: Consumer Electronics, Construction, Agriculture, Automotive, Military And Defense, Marine, Transport
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=14110&type=discount
Major companies operating in the global navigation satellite system (GNSS) chip market are Sony Group Corporation, Intel Corporation, Qualcomm Technologies Inc., Broadcom Inc., Fujitsu Limited, Thales Group, Mediatek Inc., STMicroelectronics N.V., Hexagon, Skyworks Solutions Inc., Trimble Inc., Belden Inc, Quectel Wireless Solutions Co. Ltd, Topcon Corporation, Furuno Electric Co. Ltd, U-blox Holdings AG, Telit Communications PLC, NovAtel Inc., STONEX Srl, Rakon Limited, Hemisphere GNSS, SparkFun Electronics, Harxon Corporation, Septentrio N.V., LOCOSYS Technology Inc., Syntony GNSS, ComNav Technology Ltd., Hunan Bynav Technology, Tallysman Wireless Inc., OriginGPS Ltd.
Contents of the report:
1. Executive Summary
2. Global Navigation Satellite System (GNSS) Chip Market Report Structure
3. Global Navigation Satellite System (GNSS) Chip Market Trends And Strategies
4. Global Navigation Satellite System (GNSS) Chip Market - Macro Economic Scenario
5. Global Navigation Satellite System (GNSS) Chip Market Size And Growth
…..
27. Global Navigation Satellite System (GNSS) Chip Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @
https://www.thebusinessresearchcompany.com/report/global-navigation-satellite-system-gnss-chip-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Navigation Satellite System (GNSS) Chip Market Statistics And Analysis 2024-2033 here
News-ID: 3567982 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for GNSS
Global GPS & GNSS Receivers Market Size by Application, Type, and Geography: For …
USA, New Jersey- According to Market Research Intellect, the global GPS & GNSS Receivers market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The market for GPS and GNSS receivers is expanding significantly due to the growing demand for accurate tracking, navigation, and timing solutions across…
Global GPS & GNSS Receivers Market Size by Application, Type, and Geography: For …
USA, New Jersey- According to Market Research Intellect, the global GPS & GNSS Receivers market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The market for GPS and GNSS receivers is expanding significantly due to the growing need for precise location-based services in a variety of…
GNSS Simulators - A comprehensive Analysis
GNSS stands for Global Navigation Satellite System. It is a satellite navigation system offering global coverage. It includes GPS, Beidou, Galileo, GLONASS, and other types of regional satellite navigational systems. This simulators are scenario based instruments which are easy to use by the end user.
Download PDF Sample at https://www.theinsightpartners.com/sample/TIPRE00006128/?utm_source=Openpr&utm_medium=10396
Increase in the demand for advanced wearable and connected devices are some of the factors which contribute to driving the GNSS simulators.…
GNSS Receiver Market to See Strong Investment Opportunity: Topcon, CHC Navigatio …
The Latest Released GNSS Receiver market study has evaluated the future growth potential of Global GNSS Receiver market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers,…
2019 GNSS Simulators Market By Key Players: Spirent Communications, Rohde & Schw …
GNSS Simulators Market report provides Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024. In addition, these 160 pages of report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Download PDF Sample of this Report @ https://www.reporthive.com/enquiry.php?id=1938020&req_type=smpl&utm_source=SN
GNSS Simulation: Replaces field testing…
GNSS and GPS Antennas Market 2018-2025 By Top Key Players: Harxon Corporation, N …
GNSS and GPS Antennas Market
Reports Monitor included a new market research study on the Global GNSS and GPS Antennas Market Size, Status, and Forecast Market with several graphs, pie charts, tables, and figures, which makes it easier for the users to comprehend the report. Currently, the market is expanding its presence.
A sample of this report is available upon request @ https://www.reportsmonitor.com/request_sample/121055
The research study offers a complete assessment of the market and includes future…
