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GNSS Chips & Modules
****Everything You Need to Know About GNSS Chips & Modules everything is Here....!
The Comprehensive study on GNSS Chips & Modules Market includes historical data as well as share, size , and projection information for the major players, geographies, applications , and product categories for the years 2023 to 2029. The Market study includes comprehensive insights on the competitive environment, description, broad product portfolio of key players, SWOT analysis , and significant business strategy implemented by rivals, revenue, Porters Five Forces Analysis, and sales projections. The report also features an impact analysis of the market dynamics, highlighting the factors currently driving and limiting market growth, and the impact they could have on the short, medium, and long-term outlook. The main goal of the paper is to further illustrate how the latest scenario , the economic slowdown , and war events effect the market for GNSS Chips & Modules.
GNSS Chips & Modules Market is growing at a + 4.25 % CAGR during the forecast period 2023-2029. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market.
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The Top Key Players profiled in the report:
Qualcomm, Broadcom, Mediatek, U-blox, STM, Intel Corporation, Furuno Electric, Quectel Wireless Solutions, Navika Electronics
Industry News:
In October 2021, STMicroelectronics announced Teseo-VIC3DA, a new member of the Teseo module family, to serve the positioning market with state-of-the-art GNSS chipset and modules. Teseo-VIC3DA is a simple, automotive-qualified navigation module that combines ST's high-performance Automotive Teseo III GNSS1 IC with the automotive 6-axis MEMS inertial measurement unit (IMU) and dead reckoning software. In September 2021, Broa Inc. announced low power L1/L5 GNSS receiver chip, the BCM4778, intended for mobile and wearable applications. The third-generation chip is 35% smaller and uses five times less power than the previgeneration, owing to the newest GNSS improvements.
GNSS Chips & Modules Market Segmentation:
The major types of market are:
High Precision GNSS Chips & Modules
Standard Precision GNSS Chips & Modules
The major applications in the market are:
Smartphones
Tablets
Personal Navigation Devices
In-Vehicle Systems
Wearable Devices
Digital Cameras
Others
GNSS chip market 2023-2029: Driver
Government initiatives and support are driving market growth. For instance, according to a rule by the European Commission, satellite and Wi-fi location services need to be included in newly released smartphones. GNSS capabilities should connect to the EU's Galileo satellite system for precise positioning and timing data. Therefore, major GNSS chipset suppliers are creating Galileo-ready chipsets, and the top smartphone manufacturers are incorporating them in recent models. These factors are expected to fuel market growth during the forecast period.
GNSS chip market 2023-2029: Challenge
The high initial investment in the agriculture sector is challenging market growth. The agricultural sector uses GNSS systems to increase agricultural production. There is a high demand for GNSS systems for applications in precision agriculture. To install a precision farming system, guidance devices must be integrated with farming equipment. Monitoring and sensing equipment should also be installed. In addition, the entire system must be integrated with the farm management database and software. However, farmers have to bear the high cost of machinery and tools. Therefore, poor farmers are hesitant to adopt precision farming techniques. These factors are expected to slow down market growth during the forecast period.
Based on geography, the global market for GNSS Chips & Modules and Disruptions has been segmented as follows:
North America – USA, Canada, Mex Europe – Germany, France, UK, Italy, Spain South America – Brazil, Colombia, Argentina, Chile Asia Pacific includes Japan, China, Korea, India and Southeast Asia.
Why is the Considered to be Hotspot for GNSS Chips Manufacturing Companies?
Industry 4.0 to be the Prominent Trigger for GNSS Chip Industry Boom in the
The market for GNSS chips is expected to grow to be worth US$ 1.4 billion with an absolute $ growth of US$ 574.5 million by 2029. It has grown at a CAGR of 4.4% from 2017 to 2021 and is expected to grow at a CAGR of 5.4% between the year 2023 to 2029.
The consumer electronics industry has become a key consumer of the GNSS chip technology in the USA. With the growing popularity of smartphones, tablets, and wearables, there has been an increased demand for location-based services. GNSS chips are essential components for these services, enabling accurate location tracking and navigation.
The rise of Industry 4.0 has also contributed to the growth of the GNSS chip industry in the USA. A noticeable trend has been the rising adoption of Inteof Things (IoT). This has led to heightened demand for GNSS chips in industrial applications such as asset tracking, fleet management, and supply chain logistics.GNSS chips are also crucial for precision agriculture and autonomvehicles, which are key areas of fofor the industry 4.0 revolution.
Would China Exhibit Steady Demand in the GNSS Chip Market?
Government Initiatives Promoting GNSS Chips Will Bolster High Market Demand
The market for GNSS chips in China is expected to grow to be worth US$ 2.6 billion with an absolute $ growth of US$ 1.4 billion by 2029. The demand for GNSS chips in China has grown at a CAGR of 9.6% from 2017 to 2022 and is expected to grow at a CAGR of 8% from the year 2023 to 2029.
The growth of this market in China is largely attributed to government initiatives and investment.The Chinese government has been investing heavily in developing its satellite navigation infrastructure, including the Beidou Navigation Satellite System, which has become a key driver of growth for the GNSS chip market.
China has implemented policies to encourage the adoption of GNSS technology in varisectors. They include sectors like transportation and agriculture, further boosting demand for GNSS chips.Another factor contributing to the growth of the GNSS chip in China is the rising demand for consumer electronics and IoT devices.With the growing popularity of smartphones, wearables, and other location-based services, there has been a significant increase in the adoption of GNSS technology. In addition, the rise of the IoT has led to a growing demand for GNSS chips in variapplications such as asset tracking and fleet management.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the GNSS Chips & Modules Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market. Competitive Assessment : In-depth assessment of the GNSS Chips & Modules market strategies, geographic and business segments of the leading players in the market. Market Development: Comprehensive information about emerging markets. This report analyzes the market for varisegments across geographies. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the GNSS Chips & Modules Take a look at the full report with detailed TOC here:
Strategic Points Covered in GNSS Chips & Modules Market Directory:
To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast to 2025. To understand the structure of market by identifying its varisub segments. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyze the growth trends, future prospects, and their contribution to the total market. To project the value and volume of submarkets, with respect to key regions (along with their respective key countries). To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market. To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents:
GNSS Chips & Modules Market Overview Economic Impact on Industry Market Competition by Manufacturers Production, Revenue (Value) by Region Production, Revenue (Value), Price Trend by Type GNSS Chips & Modules Market Analysis by Application Cost Analysis -Industrial Chain, Sourcing Strategy and Downstream Buyers Marketing Strategy Analysis, Distributors/Traders Market Effect Factors Analysis GNSS Chips & Modules Market Forecast
Some of the key questions scrutinized in the study are:
Which companies are expanding litanies of products with the aim to diversify product portfolio? Which companies have drifted away from their core competencies and how have those impacted the strategic landscape of the GNSS Chips & Modules market? Which companies have expanded their horizons by engaging in long-term societal considerations? Which firms have bucked the pandemic trend and what frameworks they adopted to stay resilient? What are the marketing programs for some of the recent product launches?
Reasons for buying this report:
It offers an analysis of changing competitive scenario. For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies. It offers seven-year assessment of GNSS Chips & Modules Market. It helps in understanding the major key product segments. Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities. It offers regional analysis of GNSS Chips & Modules Market along with business profiles of several stakeholders. It offers massive data about trending factors that will influence the progress of the GNSS Chips & Modules Market.
In the end, the GNSS Chips & Modules Market report includes investment come analysis and development trend analysis. The present and future opportunities of the fastest growing international industry segments are coated throughout this report. This report additionally presents product specification, manufacturing method, and product cost structure, and price structure.
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