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Impact Of Rising Demand For Autonomous Vehicles On The BeiDou Navigation Satellite System Chips Market: Pivotal Factor Influencing BeiDou Navigation Satellite System Chips Market Growth in 2025
BeiDou Navigation Satellite System Chips Market
BeiDou Navigation Satellite System Chips Market Size Growth Forecast: What to Expect by 2025?
The market size for Beidou Navigation Satellite System chips has been on a rapid increasing trajectory in the recent past. The market growth is anticipated to accelerate from $0.61 billion in 2024 to $0.78 billion in 2025, representing a compound annual growth rate (CAGR) of 28.8%. The considerable growth during the historical period is primarily due to strong demand in the defense sector, escalating necessity for navigation systems, growing need for precision agriculture, rising usage in marine navigation, and the expanding geospatial industry.
How Will the BeiDou Navigation Satellite System Chips Market Size Evolve and Grow by 2029?
The market size for Beidou Navigation Satellite System chips is predicted to undergo substantial growth in the upcoming years, with growth projected to reach a whopping $2.14 billion in 2029. This growth, with a compound annual growth rate (CAGR) of 28.6%, is expected due to several reasons such as broader adoption of the navigational system in smartphones, expansion of the Beidou mechanism, the growing field of autonomous vehicles, an increase in consumer electronics, and the surge in wearable technology. The forecast period also anticipates major trends like 5G infrastructure, integration of smart infrastructure and BDS chips, high usage in Unmanned Aerial Vehicles (UAVs) and drones, and strong presence in smartphones and wearables.
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What Drivers Are Propelling the Growth of BeiDou Navigation Satellite System Chips Market Forward?
The growth of the BeiDou navigation satellite system chips market is predicted to be boosted by the escalating demand for autonomous vehicles. Such vehicles are outfitted with advanced sensors, control systems, and artificial intelligence (AI) algorithms that allow them to navigate and operate without human input. Factors such as safety, convenience, efficiency, accessibility, and environmental advantages are increasing the demand for autonomous vehicles. These vehicles use BeiDou navigation satellite system chips for accurate and efficient navigation through signals received from BeiDou satellites, which offer essential positioning and timing details. A report from the Insurance Institute for Highway Safety, a US-based non-profit organization, in December 2022 expects to see 3.5 million autonomous or self-driving vehicles on American roads by 2025, and 4.5 million by 2030. Hence, the increasing demand for autonomous vehicles is propelling the BeiDou navigation satellite system chips market's growth. Furthermore, the BeiDou navigation satellite system chip market growth is likely to be energized by strong demand from the defense sector. The increasing demand accounts for rising geopolitical tensions, modernization trends, military altercations, cyber threats, and collaborations, resulting in higher defense systems and equipment investments. The BeiDou navigation satellite system (BDS) chip caters to the defense sector's needs by offering accurate positioning, navigation, and timing (PNT) information, improving situational perception, command and control capabilities, and overall operational efficacy in military undertakings. In March 2022, it was reported by the United States Department of Defense, a US government agency, that the total requested budget authority for the 2023 fiscal year was $773 billion-an increase of $30.7 billion or 4.1% over the 2022 fiscal year's enacted level. This signifies how the robust demand from the defense sector contributes to the BeiDou navigation satellite system chip market's upswing.
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Which Emerging Trends Are Transforming the BeiDou Navigation Satellite System Chips Market in 2025?
Leading corporations active in the BeiDou navigation satellite system chip market are broadening their horizons to establish a dominant presence. They are widening their business scope to diversify what they offer and penetrate new markets. By offering a larger variety of products and services, firms can lessen their reliance on a solitary market or consumer segment. For instance, China declared plans in November 2022 to broaden the international scope of its indigenous Beidou satellite navigation system, concentrating especially on South Asia and Southeast Asia which are pivotal areas in the Belt and Road Initiative (BRI). This strategic initiative aims to boost Beidou's visibility in these areas by expanding its coverage and services, in line with China's overarching ambition to fortify regional cooperation and technological exchange via the Beidou system.
What Are the Key Segments in the BeiDou Navigation Satellite System Chips Market?
The beidou navigation satellite system chips market covered in this report is segmented -
1) By Type: High Precision, Ordinary Precision
2) By Application: Special (Security) Applications, Civil Industrial, Mass Consumption
3) By End-User Industry: Automotive, Consumer Electronics
Subsegments:
1) By High Precision: Centimeter-Level Accuracy Chips, Millimeter-Level Accuracy Chips
2) By Ordinary Precision: Meter-Level Accuracy Chips, Sub-Meter Level Accuracy Chips
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Who Are the Key Players Shaping the BeiDou Navigation Satellite System Chips Market's Competitive Landscape?
Major companies operating in the beidou navigation satellite system chips market are RTX Corporation, China Electronics Technology Group Corporation (CETC), Thales Group, Beijing Enterprises Holdings, Trimble Inc., Kongsberg Gruppen, Topcon Corporation, Furuno Electric Co Ltd., U-blox Holding AG, BDStar Navigation Co Ltd., Shanghai Huace Navigation Technology Ltd., NovAtel Inc., South China University of Technology (SCUT), GNSS Technologies Inc., Unicore Communications Inc., SST Technology Corporation Limited, Wintec Industries Inc., RunXin Information Technology Co Ltd., Huatek Technology Corporation, Navisys Technology Corp., Raco Wireless LLC, NavtechGPS, Nevco Technology Co Ltd., Techtotop Co Ltd., Hwa Create Corporation Limited, ComNav Technology Ltd., Nanjing Veritas Electronic Technology Co Ltd., Changsha Zhongke Electric Co. Ltd.
What Geographic Markets Are Powering Growth in the BeiDou Navigation Satellite System Chips Market?
Asia-Pacific was the largest region in the BeiDou navigation satellite system chips market in 2024. The regions covered in the beidou navigation satellite system chips market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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