Global GNSS Chip Market 2013-2017 & 2023 - Market is Forecasted to Reach $5,538.5 Million

Dublin, March 26, 2018 -- The "GNSS Chip Market by Device (Smartphones, Tablets, PNDs, IVSs), by Vertical, by Application, by Geography - Global Market Size, Share, Development, Growth and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.

Gnss Chip Market is Forecasted to Reach $5,538.5 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.

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.

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.

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.

Product launches have been observed as the major strategic step taken up by the key vendors operating in the GNSS chip industry, to capture a large market share. Chip manufacturers are entering into strategic alliance with technology providers in order to combine each other's expertise and offer best in class GNSS chips.

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.

Key Topics Covered:

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Device
1.3.2 Market Segmentation by Vertical
1.3.3 Market Segmentation by Application
1.3.4 Market Segmentation by Geography
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Device
4.1.1.1 Smartphones
4.1.1.2 Tablets
4.1.1.3 Personal navigation devices (PNDs)
4.1.1.4 In-vehicle systems (IVSs)
4.1.1.5 Others
4.1.2 By Vertical
4.1.2.1 Automotive
4.1.2.2 Consumer electronics
4.1.2.3 Transport
4.1.2.4 Marine
4.1.2.5 Agriculture
4.1.2.6 Military & Defense
4.1.2.7 Construction
4.1.3 By Application
4.1.3.1 Location-Based Services (LBS)
4.1.3.2 Surveying
4.1.3.3 Telematics
4.1.3.4 Navigation
4.1.3.5 Mapping
4.1.3.6 Timing and Synchronization
4.1.3.7 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increasing dependence of IoT on GNSS for position and timing information
4.3.1.2 Escalating use of GNSS as an essential data source for big data processing
4.3.1.3 Miniaturization of devices
4.3.1.4 Emergence of mHealth
4.3.2 Drivers
4.3.2.1 Growing popularity of augmented reality
4.3.2.2 High penetration of consumer electronic devices
4.3.2.3 Surging demand for precise real-time data
4.3.2.4 Growing focus towards development of smart cities
4.3.2.5 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 High power consumption
4.3.3.2 Inability of GNSS to offer accurate underground, underwater and indoor navigation
4.3.3.3 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Increasing demand for unmanned aerial vehicles (UAVs) in several applications
4.3.4.2 Growing demand for wearable electronics
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Rivalry

Chapter 5. Global Market Size and Forecast
5.1 By Device
5.2 By Vertical
5.3 By Application
5.4 By Region

Chapter 6. APAC Market Size and Forecast

Chapter 7. North America Market Size and Forecast

Chapter 8. Europe Market Size and Forecast

Chapter 9. RoW Market Size and Forecast

Chapter 10. Competitive Landscape
10.1 Competitive Benchmarking of Key Players
10.2 Battle for Market Share
10.3 Recent Activities of Major Players
10.4 Global Strategic Developments
10.4.1 Product Launch
10.4.2 Other Developments

Chapter 11. Company Profiles

• Broadcom Limited
• Furuno Electric Co., Ltd.
• Intel Corporation
• MediaTek Inc.
• Navika Electronics
• NXP Semiconductors
• Qualcomm Technologies, Inc.
• Quectel Wireless Solutions Co., Ltd.
• Skyworks Solutions, Inc.
• U-blox

For more information about this report visit https://www.researchandmarkets.com/research/sqtq42/global_gnss_chip?w=12

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