GNSS Chip Market Size, Growth and Demand Forecast to 2023

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GNSS chip market is forecasted to reach $5,538.5 million by 2023


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GNSS Chip Market Size Share Trends Growth and Demand Forecast to 2023 GNSS chip market is forecasted to reach 5538.5 million by 2023 Geographically the GNSS chip market is expected to witness the fastest growth in Asia-Pacific. Rise in demand of electronic wearable and connecting devices growing need for precise and real-time data along with the growing popularity of IoT are some of the major factors to have a significant positive impact on the industry. Get a free sample of this research report: market/report-sample Rapid urbanization across the globe is leading towards more efficient and sustainable cities. On account of that government of various countries worldwide are investing heavily in smart city projects. For instance governments of several countries including Spain UAE Singapore India and Austria are investing heavily in smart city research and projects. Government of India announced to transform 100 cities into smart cities by 2030 and aims to invest around 15 billion on smart city project. On the basis of device the market is categorized into smartphones tablets PNDs IVS and others where others include phablets digital camera and wearable devices. Smartphones accounted for 75 of the GNSS chip market with 2.5 billion in 2016. It is further projected to reach 4.1 billion by 2023 witnessing 7.2 CAGR during the forecast period. Explore report at: analysis/gnss-chip-market The various users of GNSS chips are automotive consumer electronics transport marine agriculture military defense and construction industry. Technological evolutions in connected vehicles and automated driving domains are expected to be the major growth driver of GNSS-enabled applications and services in the automotive vertical over the next few years. Information obtained by GNSS chips empowers a range of automotive services from precise navigation to location-based information services including the localization of speed cameras or available parking slots dynamic weather updates and traffic alerts.

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On the basis of application GNSS chip market is categorized into LBS surveying telematics navigation mapping timing synchronisation and others where others include gaming and weather forecasting. Telematics applications are expected to lead the market in terms of growth during the forecast period. The major factors bolstering the demand of GNSS chips in telematics include surging demand for integrated wireless communication systems within the vehicle introduction of autonomous vehicles and transformation of non-connected cars into connected cars. Make enquiry before buying the report: chip-market Some of the major players operating in the market include Qualcomm Incorporated Broadcom Limited Intel Corporation Furuno Electric Co. Ltd. Skyworks Solutions Inc. Quectel Wireless Solutions Co. Ltd. Navika Electronics NXP Semiconductors MediaTek Inc. and U-blox.

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