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Report Code: SE11044
Category : Sensors & Controls
GNSS is the technical compatibility and interoperability among various satellite navigation systems, including modernized GPS, GLONASS, Galileo, Beidou, etc., that are used by civilians and military personnel to enhance safety and convenience.GNSS chips are used in a wide range of applications such as consumer electronic devices including smartphones, tablets, personal navigation devices, in-vehicle systems, wearable devices and digital cameras. The growth potential of GNSS chip market is tremendous in the coming years owing to the fast pace of technological evolution being witnessed worldwide.
With the increasing number of internet of things (IoT) devices in the coming years, huge growth in demand for GNSS chip market is anticipated as these devices require to be equipped with location-based tracking capability. Owing to their ability to provide location based services that are required for commercial operations, GNSS chips are majorly used in aerospace, agriculture and maritime industries as well. In addition, the rapidly increasing number of mobile applications also require positioning information, which highlights the ever-growing potential of GNSS chip market.
The global GNSS chip market is poised to witness tremendous growth over next few years, on account of rapidly surging demand for smartphones by the expanding population in Asia-Pacific (APAC) countries. In addition, several countries in Asia-Pacific have started preparing to launch their own GNSS constellations, which would further provide a tremendous boost to the GNSS chips market growth. North American and European countries are also expected to witness high growth in the GNSS chips market due to technological evolution of communication infrastructure and widespread establishment of the internet of things (IoT) network.
With surging demand for smartphones equipped with GPS tracking function, demand for GNSS chips is also expected to increase during the forecast period. In addition, expanding market for wearable devices globally, is anticipated to further propel growth in the market for GNSS chips during the forecast period.
With the advancement in technology, significant improvements in precision and speed of calculation of GNSS technology have been observed. This has in turn facilitated more rugged and accurate operations in the field on account of higher reliability of devices containing these GNSS chips.
Military applications require deployment of GNSS chips in a wider range of equipment that essentially need location-based tracking functionality. For instance, precision-based munitions are one of the most critical military application that require implementation of advanced global navigation satellite system technology.
Technological evolution is a continuous phenomenon and it thus becomes necessary for human civilization to adapt itself to those evolutionary trends, where devices are attaining miniature sizes, becoming more sophisticated and thereby easing life. The expanding size of fitness conscious human generation is demanding affordable fitness bands that indicatively define the scope for the GNSS chip market. The modern GNSS chip technology has been successful in removing a bulk of the signal processing from the devices as it is capable of calculating position, velocity and time (PVT on-chip), thereby providing significant system power saving benefits to the users. The potential growth in commercial drone market in North America is expected to further create a huge scope for growth in GNSS chip market, during the forecast period as these drones are required to be equipped with location based tracking systems.
By 2020, it is estimated that there will be one GNSS device for every person on the planet. The developed, navigation, positioning and timing capabilities have significant business applications as a consequence of four major macro trends – internet of things, multi-modal logistics, smart cities and big data. The scope for GNSS chips market is therefore huge and with the rapid technological advancements anticipated to take place during the forecast period.
Some of the major players operating in the GNSS chip market are Qualcomm Incorporated, STMicroelectronics N.V., Intel Corporation, Mediatek Inc., U-Blox Holdings AG, Broadcom Corporation, Furuno Electric Co. Ltd., Skyworks Solutions Inc., Quectel Wireless Solutions Co. Ltd., and Navika Electronics.
The GNSS chip manufacturers have been tapping the immense opportunities, for instance, GNSS chip manufacturer, U-Blox, partnered with Digicom, for developing its narrowband-IoT products, conducting a number of innovative and successful field trials for the new narrowband (NB)-IoT technology. Digicom offers efficient solutions for industrial markets employing NB-IoT technology, with a focus on connectivity solutions for the automotive industry, smart buildings, smart cities and industry 4.0.
By GNSS Receiver
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