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GNSS Chip Market by Devices, Application, Vertical and Geography - Global Forecast to 2022

GNSS Chip Market: Global Forecast until 2022

  • February 2017
  • 171 pages
  • ID: 4753175
In this report:
The market for GNSS chips for IVS in the marine vertical is expected to grow to USD ##.## million by 2022, from USD ##.## million in 2015, at the highest CAGR of ##.##% between 2016 and 2022.
The GNSS market for location-based services is expected to grow at a high CAGR of ##.##% between 2016 and 2022, owing to the increasing demand for smartphones and invehicle systems worldwide.

Summary

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"Global GNSS chip market to exhibit significant increase between 2016 and 2022"

The GNSS chip market is anticipated to grow at a compound annual growth rate (CAGR) of 7.90 percent between 2016 and 2022 to attain ~$5.2B by 2022. The top driving factors for the increase ot the GNSS chip market contain the increasing need for wearable electronics; increasing demand for real-time study in surveying, navigation, mapping, and other positioning applications; and high penetration of electronic devices, wearables, and connecting devices. Nevertheless, high initial investments are selecting the rise of the GNSS chip market.

"Smartphone to lead the GNSS chip market during the estimate period"

Smartphones held the most important size of the GNSS chip market in 2015. GNSS chips in smartphones are used for applications including location-based services, online games, and mobile geographic information systems, among others. Smartphones are anticipated to hold the biggest size of the GNSS chip market during the forecast period due to the growing demand in developing countries and the need for real-time information pertaining to the exact location of vehicles, individuals, and other assets.

"Automotive vertical to hold a main share of the GNSS chip market during the outlook period"

The industry for the automotive vertical is anticipated to grow at an important rate between 2016 and 2022. GNSS chips are being used in the automotive industry in applications including connected cars and in-vehicle systems. Vehicle-detection and surveillance technologies are continuously being upgraded for enhanced speed monitoring, traffic counting, and vehicle classification. Connected cars are equipped with devices that enable Internet access using GNSS chips and allow them to communicate with other cars on the road and infrastructure-including traffic stop signals, satellites, cloud-based services, and road-side antennas, among others.

"Asia-Pac to be the quickest increasing market for GNSS chip during the estimate period"

Asia-Pacific is anticipated to be the quickest developing market for GNSS chip during the outlook period. The main consumer electronics manufacturers in Asia-Pac are focused toward launching new and innovative products that require real-time data for tracking and recording particular locations using different devices including smartphones, wearable devices, tablets, and so on. Accordingly, the ongoing technological advancements in the consumer electronics market and the increasing popularity of wearable devices in Asia-Pacific are fueling the increase of the GNSS chip market in this area.

The break-up of the profiles of primary members taking part for the study has been provided below:

- By Company Type: Tier 1 - 45.0 percent, Tier 2 - 30.0 percent, and 1/3 3 - 25.0 percent

- By Designation: C-suite executives - 63.0 percent and Directors- 37.0 percent

- By area: North america (NA) - 33.0 percent, Europe - 23.0 percent, APAC - 32.0 percent, and rest of the world - 12.0 percent

The top players operating in the GNSS chip market contain Qualcomm Incorporated, STMicroelectronics (NYSE:STM), Intel (NASDAQ:INTC), Mediatek Inc., U-Blox Holdings AG, Broadcom Corporation, Furuno Electric Co., Limited, Skyworks Solutions, Incorporated, Quectel Wireless Solutions Co., Limited, and Navika Electronics.

Segment Research

The research report on the overall GNSS chip market contains the market based on device, application, vertical, and territory. The industry, on the basis of devices, has been divided into smartphones, personal navigation devices, tablets, in-vehicle systems, and others. On the basis of verticals, the GNSS chip market has been categorized into consumer electronics, construction, agriculture, automotive, military and defense, and marine. Futhermore, the GNSS chip market, on the basis of application type, has been broken down into navigation, mapping, surveying, telematics, and others. The analysis includes four main geographical regions, that is, North America continent, Europe (EU), Asia-Pac, and RoW.

Main highlights

Figures of segmentation, review, and estimate for the sector established on device, application, vertical, and area have been organized to give an global view of the GNSS chip market.

The porter's five forces scheme has been utilized, together with the value chain study, to offer a detailed insight into the GNSS chip market.

The main drivers, market restraints, alternatives, and opportunities for the flexible battery market have been precised in this industry report.

The market research includes an exhaustive competitive analysis, together with top players, complete study, and revenue of the main actors.

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