According to the new research report on " GNSS Chip Market Forecast to 2030 - Global and Regional Share, Trends, and Growth Opportunity Analysis," published by The Insight Partners, the GNSS chip market size is expected to reach US$ 4.89 billion in 2022 and is expected to reach US$ 9.19 billion by 2030; it is estimated to record a CAGR of 8.2% from 2022 to 2030.
GNSS Chip Market Trend:
GNSS in UGVs and UAVs
Technological advancements in unmanned aerial vehicles (UAVs) and unmanned ground vehicles (UGVs) are taking place at a high pace. The demand for UGVs and UAVs is expected to increase in the coming years with the emergence of new 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 takeoff, navigation, data capture, data transmission, and data analysis without human intervention. Implementing a GNSS chip can allow 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 numerous 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, rising usage of UGV and UAV to track location through GNSS technology is GNSS chip market trend.
GNSS Chip Market Segmental Overview
The GNSS chip market analysis has been carried out by considering the following segments: device, application, and vertical. Based on device, the market is segmented into smartphones, tablets, personal navigation devices, in-vehicle systems, and others. By application, the GNNS chip market is segmented into navigation & location-based services, mapping, surveying, telematics, timing and synchronization, and others. Further, the GNNS chip market, by vertical, is segmented into consumer electronics, automotive & transportation, military & defense, and others.
The navigation and location-based services segment held the largest GNSS chip market share in in 2022. Route planning and turn-by-turn instructions enabled by GNSS for pedestrians and road users through a consumer electronic device are termed navigation applications that focus on controlling and monitoring the movement of a vehicle or fleet. Navigation consists of four general categories-land navigation, marine navigation, aeronautic navigation, and space navigation. Navigation systems are being deployed mainly in vehicles for tracking purposes and to display movements on maps that offer information on speed, location, direction, nearby streets, and points of interest.
IoT technologies help the automotive industry create innovative and advanced solutions such as advanced driver-assistance systems (ADAS), connected car solutions, in-vehicle infotainment systems, and navigation and telematics solutions. Navigation systems are being deployed mainly in vehicles for tracking purposes and to display maps that offer information about speed, location, direction, nearby streets, and points of interest. IoT-enabled cars have GNSS chips integrated into them, which help drivers drive efficiently, and concerned agencies can track their location in case of emergencies. In October 2023, u-blox launched the U-safe functional safety solution specifically tailored for vehicle positioning to move toward an autonomous future. This leans on components tested and trusted in driver navigation systems, providing Tier 1 suppliers and Original Equipment Manufacturers (OEMs) with a dependable ADAS positioning tool. This caters to ADAS Level 3 and above, ensuring functionality and safety, while Level 2+ systems can utilize it to prepare for higher automation levels. In addition, in January 2021, Qualcomm Technologies, Inc. and Alps Alpine Co., Ltd. announced a camera-based sensing and positioning device called ViewPose to support absolute lane-level vehicle positioning.
Moreover, the idea of autonomous vehicles sharing roads is becoming a reality due to advances in positioning and sensor integration. Fully autonomous vehicle needs an accurate localization solution to drive appropriately. High-precision GNSS technology provides the reliability, accuracy, and availability that a vehicle requires to be self-driving. Thus, the rise in the demand for IoT-enabled cars will create an opportunity for GNSS chip market players to strengthen their presence in the automotive sector in the coming years, and further foster GNSS chip market growth.
GNSS Chip Market Competitive Landscape and Key Developments
Qualcomm Inc, SkyTraq Technology Inc, Broadcom Inc, Septentrio NV, Trimble Inc, Furuno Electric Co Ltd, MediaTek Inc, STMicroelectronics NV, Skyworks Solutions Inc, u-blox Holding AG are among the prominent players profiled in the GNSS chip market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. Several other essential GNSS chip market players were analyzed to get a holistic view of the market and its ecosystem. The GNSS chip market report emphasizes the key factors driving the market and prominent players' developments.
Key Findings of Study:
North America is anticipated to drive the global GNSS chip market size due to large enterprises, technological advancements, and strong research and development capabilities. The critical factor favoring the growth of the GNSS chip market share in North America is the increase in technological advancements coupled with the rise in government support for the adoption of unmanned aerial vehicle (UAVs). The government also supports drone progress through new deployment, spectrum allocations, and infrastructure by following various rules and regulations (FAA). Moreover, increasing penetration of connected vehicles or autonomous vehicles will most likely drive market growth. Integration between mobile devices and cars has enormously boosted vehicle connectivity, navigation, communication, and entertainment. Market players in the region are also launching the chips. For instance, in July 2023, Qualcomm launched two new system-on-chip (SoC) platforms, the Snapdragon W5+ and W5. These platforms are used for wearable devices such as smartwatches. Qualcomm has affirmed that it has made the platforms available to multiple companies. Its client list includes the likes of Oppo and Mobvoi.
The UAE, Saudi Arabia, and South Africa are significant countries in the MEA GNSS chip market. The growing demand for GNSS-enabled mobile devices, in-vehicle systems, and others is expected to propel the GNSS chip market growth over the years. Moreover, the growing use of smartphones and smart wearables in Brazil, Argentina, and other South American countries is also fueling the demand for the GNSS chip market.
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