The global navigation satellite system chip market is anticipated to thrive in the forecast period, 2024-2028. The market for navigation satellite system (NSS) chips is expanding as a result of the increase in NSS chips for mapping and surveying applications, such as tracking uncharted territories and
Moreover, the term "GNSS" (Navigation Satellite System) generally refers to a constellation of satellites that transmits signals from space to GNSS receivers, which in turn transmits location and timing information. The receivers utilise this information in conjunction with a variety of sensors to calculate various quantities, including location, altitude, and distance. The report examines the market based on GNSS device form and usage in a number of global sectors. With expanding space and air defence initiatives, the market has seen consistent growth and is anticipated to continue to grow in the coming years.
The Global Market Is Being Driven By The Rising Importance Of Accuracy In Real-Time Data
Real-time GNSS precise positioning and services are becoming more and more well-liked as a result of the growing demand for real-time positioning and timing applications, such as surveying and mapping, smart cities, connected and autonomous vehicles (CAVs), environmental monitoring, geological disaster monitoring, structural health monitoring (SHM), etc. Given the advancements in location and sensor integration, autonomous cars may now share the road. For self-driving automobiles, GPS technology's accuracy, accessibility, and dependability are crucial. For AVs to be able to localise themselves, plan their routes, make decisions, perceive their surroundings, and do other motion-controlling tasks, they need sensors. Cameras, radar, LiDAR, and other AV tools are ulterasonic sensors to comprehend its surroundings. Additional sensors like odometery, GNSS, and IMU determine the vechicle’s absolute and relative positions. These factors are driving the Global
Concentrating on Innovations Opens Up Abundant Possibilities
The Internet of Things and the Internet of Vehicles, as well as contemporary applications like automatic parking, autonomous driving, and logistics, all rely on GNSS technology. In addition, u-blox has been keeping a close eye on the upgrading of the BeiDou navigation system and is prepared to work with corporate partners to support growing industry applications and rising markets.
Most GNSS stakeholders have prioritised increasing GNSS security. Device makers have boosted their R&D efforts to improve receiver security and toughness. The European Union has been a leader in the sector thanks to SAS, PRS, and the Galileo OS-NMA. GNSS chips with Galileo are being enabled by a number of prominent suppliers, and it is projected that emerging markets would focus on marketing chips with Galileo forsecurity reasons. As a result there is a rise in the market growth.
Demand for 5G networks and high-speed internet is increasing
Cellular communication now gives mobile network providers a wide range of methods to pinpoint each user's location with varied degrees of precision thanks in large part to positioning. User devices have been accurately positioned thanks to GNSS. The rollout of 5G networks in cities has been announced by several mobile network carriers. In order to provide robust connections across 5G networks, higher-level timing precision is thus becoming more and more necessary as the number of 5G base stations grows. The Quectel L26-T module can achieve timing precision of 6.8 nanoseconds and can adhere to exacting 5G network timing synchronisation specifications.
Increasing GNSS Chip Use in Consumer Electronics Likely to Accelerate Market Growth
GNSS technology is used by consumer electronics devices for navigation, geo-marketing, and mapping applications, including smartphones, tablets, smart wearables, and digital cameras. The use of technologically advanced wearable gadgets, such as fitness bands and smartwatches, has become more popular in recent years. These gadgets heavily incorporate GNSS chips to provide users with exact positions when they are moving around—whether they are jogging, walking, or driving. The adoption of different location-based services (LBS) and apps that rely on the 4G network has increased as a result of this capability. Market participants are also creating GNSS-based wearable technology. For instance, Sony Corporation announced the availability of high-precision GNSS receiver LSIs for IoT and wearable technology in August 2020. The usage of location-based services, such online food delivery, online cab services, and others, is also increasing. All these factor are driving the market of
IoT Technology in Self-Driving Cars
In-vehicle infotainment systems, connected car solutions, advanced driving assistance systems (ADAS), navigation and telematics solutions, and other cutting-edge products are just a few examples of how IoT technologies support the automotive sector in developing novel and cutting-edge solutions. The primary use of navigation systems in automobiles is to display maps with data on speed, position, direction, surrounding streets, areas of interest, and tracking objectives. IoT-capable vehicles have GNSS chips built inside them allow for more efficient driving and allow for emergency response organisations to track the position of the driver.
Market Segmentation
The Global Navigation Satellite System Chip market is segmented into Device Type, Application, End-user, Region, and Competitive Landscape. Based on Device Type, the market is segmented into Smartphones, Tablets and Wearables, Personal Tracking Devices, Low-power Asset Trackers, In-vehicle Systems, and Drones
Market Player
Recent Development
·
·
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Device Type Application End-user Industry Region |
| Regional scope | North America; Asia-Pacific; Europe; South America; Middle East & Africa |
| Country scope | United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile, Saudi Arabia, South Africa, UAE, Israel, Turkey |
| Key companies profiled | Broadcom Limited , Furuno Electric Co., Ltd., Navika Electronics, Quectel Wireless Solutions Co., Ltd., Skyworks Solutions, Inc., U-Blox Holding AG , Qualcomm Incorporated, MediaTek Inc., Intel Corporation, STMicroelectronics NV. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
