According to our latest study on " GNSS Chip Market Size and Forecast (2021-2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Device, Application, Vertical, and Geography," the GNSS chip market size was valued at US$ 5.24 billion in 2024 and is anticipated to reach US$ 9.17 billion by 2031. The GNSS chip market is estimated to record a CAGR of 8.3% from 2024 to 2031.

Application of GNSS in UGVs and UAVs to Boost GNSS Chip Market Growth During Forecast Period

Technological advancements in unmanned aerial vehicles (UAVs) and unmanned ground vehicles (UGVs) are taking place at a rapid pace. The demand for UGVs and UAVs is expected to increase due to the emergence of technologies such as sense and avoid systems, artificial intelligence, and cloud computing. Integration of AI in UGVs and UAVs has enhanced their capabilities such as take-off, navigation, data capture, data transmission, and data analysis without human intervention. Implementing a GNSS chip allows UGVs and UAVs to measure precise real-time positioning information. This information plays a vital role in various applications, including surveying, search and rescue, autonomous delivery, mapping, and military combat missions. In addition, UGVs and UAVs are employed in real-life applications such as payload delivery, traffic monitoring, moving objects in a seemingly dangerous environment, and surveillance. UGVs and UAVs are not fully commercialized in all geographical regions due to stringent government regulations. However, in countries such as Canada, Australia, the US, and the UK, users can obtain permits or licenses to operate UAVs for commercial purposes. Moreover, the rising usage of UGV and UAV to track location through GNSS technology is anticipated to emerge as a trend in the GNSS chip market during the forecast period. As UGVs and UAVs are increasingly becoming capable of autonomous operation, the need for human intervention is reduced, allowing them to perform tasks more efficiently and safely. Both UGVs and UAVs require high-precision GNSS solutions for efficient navigation. In UAVs, GNSS-enabled autopilot systems maintain stability during flight, avoid obstacles, and follow precise flight paths. Similarly, UGVs rely on GNSS for accurate real-time positioning, obstacle avoidance, and route optimization.

GNSS Chip Market Report: Key Findings

The GNSS chip market analysis is based on segmental assessment. Based on device, the market is divided into smartphones, tablets, personal navigation devices, in-vehicle systems, and others. Based on end application, the market is divided into navigation & location based services, mapping and surveying, telematics, timing & synchronization, and others. On the basis of vertical, the market is segmented into consumer electronics, automotive & transportation, military and defense, marine, and others. In terms of geography, the market is categorized into North America, Europe, Asia Pacific (APAC), and South & Central America.

The demand for GNSS chips in Asia Pacific is propelled by the presence of significant manufacturers in the region. In APAC, the major consumer electronics manufacturers focus on developing innovative products that require recording locations and real-time data for tracking by using devices such as smartphones, wearable devices, and tablets. The growing popularity of wearable devices and the ongoing technological advancements in the consumer electronics sector in APAC fuel the growth of the GNSS chip market. Moreover, several companies in the region are launching satellite positioning chips. For instance, in December 2023, Airoha Technology, specializing in fixed broadband network infrastructure and advanced Artificial Intelligence of Things, launched the AG3335MA satellite positioning chip series. This series passed the AEC-Q100 Grade 2 reliability qualification tests for automotive applications. Additionally, the company integrated this series of chips with its parent company, MediaTek, and its Dimensity auto platform, providing highly integrated solutions and technical testing services to automotive manufacturers worldwide.

In Asia Pacific, India holds the significant GNSS chip market share in 2024. India is gaining traction in connected and autonomous vehicles. Several companies in India are emphasizing on developing autonomous vehicles. For instance, in December 2023, The India Today Group (ITG), India's leading news conglomerate, and Bosch Global Software Technologies Private Limited (BGSW), a global leader in automotive technology and engineering services, partnered to expand its in-vehicle connectivity offering. As a part of the offering, BGSW will facilitate access to the ITG News app through its innovative in-car Connected Vehicle Platform. GNSS chips provide real-time information of cars position which is display on ITG News app, enabling accurate navigation for drivers. Thus, the above factors are influencing the growth of the GNSS chip market in India.

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