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GNSS CHIP MARKET By Receiver (Global Positioning System (GPS), Beidou Navigation Satellite System, Global Navigation Satellite System (GloNASS) ,Galileo) By Implementation Type (Road Construction,Railways, Agriculture) Global size Analysis and Industry Forecast, 2019-2025.

  • Category:Semiconductor and Electronics
  • Published on:06 February, 2019
  • Pages:120
  • Formats:    
  • Report Code: HMI - 649048
  • Publisher:Genesis Market Insights

Overview

GLOBAL GNSS CHIP MARKET was valued at USD 3.73 Billion for the year 2019. GNSS Chip Market is further expected to grow at a CAGR of 7.25% from 2019 to reach USD 5.68 Billion by the year 2025. North America region holds the highest market share in 2019. While Asia Pacific region is considered as the fastest growing market in the forecasted period. The U.S. is the major market in 2019 at country level and it is further anticipated to grow at a steady pace in the next 5 years.



Broadcom Corporation, Qualcomm Incorporated, and Skyworks Solutions Inc. are some of the top producers in the GNSS Chip Market with highest market share were held by Qualcomm Incorporated in 2019. Better global reach, both at production and at an operational level is the main reason for holding this highest market share. Growing research and development expenditures to address changing demand of consumers, new product launches in recent years are some of the key market drivers. In the last 5 years, growth strategy like acquisition was adopted by most of the top manufacturers to reduce competition & expand the distribution network.

Drivers:

Increasing number of smartphone/ tablet users

Innovative and advanced technology for town planning and advanced survey techniques

Restraints:

Changing government regulations & policies as per region

Opportunities:

Growth in the smartwatch market (wearable devices) and in-vehicle navigation devices

Introduction of autonomous vehicles

Challenges:

Estimating the demand to manage production capacity

The Location-Based Services segment is expected to hold the highest market share during the forecast period. The Location Based Services include applications that are supported by devices like smartphones, tablets, personal tracking devices, and wearables. With the increasing number of smartphone users and developments in different sectors like transportation, Location-Based Segment is expected to hold the highest market share.

On the other hand, surveying segment is expected to grow at the highest CAGR during the forecasted period. The growth is expected due to developments in sectors like construction, marine, infrastructure monitoring, mine surveying and urban development plans like smart city concepts. Thus, GNSS chip market has a solid growth potential in developing and developed countries across the globe.

Key Benefits for Stakeholders

GNSS chip manufacturers, distributors, and retailers

Consumer electronics & automotive manufacturers

Government bodies

Technology alliances and associations

End-use industries

By Receiver

Global Positioning System (GPS)

Beidou Navigation Satellite System

Global Navigation Satellite System (GloNASS)

Galileo

By Implementation Type

Road Construction

Railways

Agriculture

Others

By Product

Smartphones

Tablets

In-Vehicle Systems

Wearable Devices

By Application

Navigation

Surveying

Mapping

Weather Forecasting

Telematics

Location Based Services

By Region

North America

Europe

Asia-Pacific

LAMEA

Key Market Players

Broadcom Corporation

Skyworks Solutions, Inc.

Qualcomm Incorporated

Intel Corporation

U-Blox Holdings AG

Stmicroelectronics N.V.

Telit Communications PLC

Furuno Electric Co., Ltd.

Quectel Wireless Solutions Co., Ltd.

Mediatek Inc.

(A brief overview of another 13 companies is also provided)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques ?

Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
To avoid bias, we filter the collected data collected from authenticated sources.
GMI has a well proven Statistical Modeling System for estimates and forecasts.
Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.


  • Analysis and forecasts at the global, regional and national levels of the research market; Provide insight into the major countries / regions this industry is blooming and identify regions that have not yet been developed

  • Segment-level analysis by shielding type, thermal application, and application, along with market size predictions and estimates, detail key areas of industrial growth.

  • Identify key market drivers, constraints, opportunities and challenges (DROCs) and their impact on changing market dynamics

  • Study of the effects of exogenous and endogenous factors affecting the global market; Among the macro-environmental factors shown in the extensive PESTLE analysis include demographics, economics and politics.

  • We use Porter's five force analysis to analyze competitive levels and business strategy development to study microenvironmental factors that determine the overall profitability of an industry.

  • A list of key market participants with a portfolio of products to study and maintain the market environment, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview

  • Competitive topographic analysis listing mergers, acquisitions, and collaborations in the field, along with major company new product launches, comparative financial research, and recent developments in the market

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