GNSS Chips

GNSS Chips

Global GNSS Chips Market to Reach US$9.0 Billion by 2030

The global market for GNSS Chips estimated at US$6.5 Billion in the year 2023, is expected to reach US$9.0 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030. Smartphones Device, one of the segments analyzed in the report, is expected to record a 4.9% CAGR and reach US$7.1 Billion by the end of the analysis period. Growth in the Tablets Device segment is estimated at 4.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.7 Billion While China is Forecast to Grow at 4.6% CAGR

The GNSS Chips market in the U.S. is estimated at US$1.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 4.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.4% and 4.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Global GNSS Chips Market - Key Trends and Drivers Summarized

Why Are GNSS Chips Becoming Essential for Navigation, IoT, and Autonomous Systems?

Global Navigation Satellite System (GNSS) chips are becoming indispensable in a wide range of applications, from personal navigation devices and smartphones to Internet of Things (IoT) solutions and autonomous vehicles. But why are GNSS chips so critical today? GNSS chips are integrated circuits that enable devices to determine their location by receiving signals from satellites. These chips play a pivotal role in accurately determining position, velocity, and time information by using satellite-based navigation systems like GPS (United States), GLONASS (Russia), Galileo (Europe), and BeiDou (China).

GNSS chips have become integral to modern life, facilitating precise location tracking in everyday devices such as smartphones, smartwatches, and fitness trackers. Beyond consumer electronics, GNSS chips are essential in critical sectors like logistics, agriculture, and construction, where precision in navigation and positioning drives efficiency and safety. In autonomous vehicles, GNSS chips provide the essential data needed for real-time navigation, ensuring that vehicles can operate safely and accurately. Additionally, with the rapid growth of IoT, GNSS chips are becoming increasingly important in asset tracking, fleet management, and location-based services, making them a core component of the evolving digital infrastructure. As industries across the globe digitize and automate their operations, GNSS chips will continue to play a vital role in enabling accurate, real-time location data.

How Are Technological Advancements Enhancing the Accuracy and Performance of GNSS Chips?

Technological advancements are significantly enhancing the accuracy, performance, and power efficiency of GNSS chips, enabling them to meet the increasing demands of modern applications. One of the most important innovations is the development of multi-constellation GNSS chips, which can receive signals from multiple satellite systems simultaneously—such as GPS, GLONASS, Galileo, and BeiDou—thereby improving accuracy and reliability. By accessing multiple constellations, these chips can ensure accurate positioning even in challenging environments such as urban canyons, where signals from a single satellite system might be obstructed by tall buildings. This has been particularly beneficial in navigation systems for vehicles, drones, and smartphones, where precise and continuous location tracking is essential.

Another major advancement is the incorporation of real-time kinematic (RTK) technology into GNSS chips. RTK uses corrections from ground stations to enhance the positioning accuracy of GNSS chips, often to centimeter-level precision. This is particularly valuable for high-precision applications such as autonomous driving, precision farming, and surveying. In agriculture, for instance, RTK-enabled GNSS chips allow for precise positioning of farming equipment, ensuring optimal planting, harvesting, and resource management. In autonomous vehicles, this technology provides the pinpoint accuracy needed for safe navigation in complex environments. By integrating RTK capabilities into GNSS chips, manufacturers are unlocking new possibilities for industries that require ultra-precise positioning data.

In addition, advancements in low-power GNSS chips are making it easier to integrate them into IoT devices, where battery life is a major concern. New generations of GNSS chips are designed to consume less power while maintaining high levels of performance, allowing for continuous location tracking without draining the device`s battery. This is especially important for IoT applications such as asset tracking, smart city infrastructure, and wearable devices, where long-lasting battery life is crucial for ensuring seamless operation. Power-efficient GNSS chips are also facilitating the widespread adoption of connected devices, enabling them to function for extended periods without requiring frequent recharging or battery replacements.

Moreover, the introduction of multi-band GNSS chips has further enhanced positioning accuracy and performance. Traditional GNSS chips use a single frequency band, which can be susceptible to signal degradation due to atmospheric interference. Multi-band GNSS chips, however, are capable of receiving signals on multiple frequency bands, allowing them to mitigate errors caused by atmospheric conditions, such as ionospheric delays. This results in faster and more accurate positioning, particularly in dynamic environments where high-speed or high-precision navigation is required. Multi-band GNSS technology is particularly valuable in applications like aviation, maritime navigation, and autonomous drones, where precise and reliable positioning is critical for safety and operational efficiency.

Why Are GNSS Chips Critical for Enabling Precision, Efficiency, and Connectivity Across Industries?

GNSS chips are critical for enabling precision, efficiency, and connectivity across industries because they provide accurate and real-time location data that powers modern technologies and processes. In the transportation and logistics sector, GNSS chips are at the core of fleet management systems, enabling companies to track their vehicles, optimize routes, and improve fuel efficiency. By providing real-time tracking data, these chips allow logistics managers to monitor the location and status of their fleets, ensure timely deliveries, and respond to delays or other issues more effectively. This level of precision and connectivity is essential for improving operational efficiency, reducing costs, and enhancing customer satisfaction in industries where timely delivery and asset tracking are critical.

In agriculture, GNSS chips are driving the adoption of precision farming practices, which allow farmers to optimize the use of resources such as water, fertilizer, and seeds. By integrating GNSS chips into farming equipment like tractors, harvesters, and drones, farmers can precisely map their fields, monitor crop health, and automate tasks such as planting and irrigation. This level of precision helps reduce waste, increase crop yields, and lower operating costs, while also minimizing the environmental impact of farming. GNSS technology is helping to transform agriculture into a more efficient and sustainable industry, where data-driven decisions lead to better outcomes for both farmers and the environment.

The construction industry also benefits from GNSS chips, particularly in surveying and machine control applications. GNSS-enabled devices allow for accurate site surveys, ensuring that construction projects are built to precise specifications. For instance, in infrastructure development, GNSS chips help ensure that roads, bridges, and buildings are constructed with the exact alignment and measurements required for safety and longevity. Additionally, GNSS chips are integrated into construction machinery to enable automated machine control, allowing equipment to perform tasks such as grading, leveling, and excavation with high precision. This automation increases the efficiency and accuracy of construction projects, reducing labor costs and minimizing the risk of human error.

In the realm of autonomous systems, GNSS chips are indispensable for enabling self-driving vehicles, drones, and robotic systems to navigate their environments. Autonomous vehicles rely on precise location data from GNSS chips to make real-time navigation decisions, avoid obstacles, and ensure safe operation. In combination with other sensors like LiDAR and cameras, GNSS chips provide the spatial awareness needed for autonomous systems to function effectively in dynamic and complex environments. Similarly, drones use GNSS chips to maintain stable flight paths, perform aerial surveys, and conduct deliveries in both urban and remote areas. The ability to accurately track and navigate in real-time is essential for the success of these autonomous technologies, making GNSS chips a foundational component.

Beyond industrial applications, GNSS chips also play a key role in enhancing consumer experiences through connected devices and location-based services. In smartphones, fitness trackers, and smartwatches, GNSS chips provide real-time positioning for navigation, fitness tracking, and location-based notifications. Whether it’s guiding users through unfamiliar cities, tracking running routes, or helping users find their parked cars, GNSS technology has become integral to the convenience and functionality of consumer electronics. As more consumer devices become connected through IoT, the need for reliable and accurate GNSS chips will continue to grow, enabling seamless connectivity and improved user experiences across various applications.

What Factors Are Driving the Growth of the GNSS Chip Market?

Several key factors are driving the rapid growth of the GNSS chip market, including the increasing demand for precision navigation in autonomous systems, the expansion of IoT applications, advancements in multi-constellation and multi-band technologies, and the growing use of GNSS chips in consumer electronics. First, the rise of autonomous systems, particularly in the automotive and drone sectors, is a major driver of the GNSS chip market. Autonomous vehicles and drones require highly accurate and reliable positioning data to operate safely and efficiently, and GNSS chips provide the real-time location information necessary for these technologies to navigate complex environments. As the demand for autonomous driving and drone applications continues to grow, so does the need for advanced GNSS chips that can deliver precise and consistent positioning data.

Second, the rapid expansion of IoT applications is contributing to the growth of the GNSS chip market. IoT devices, such as asset trackers, smart city infrastructure, and connected wearables, rely on GNSS chips to provide accurate location data for a variety of use cases. From monitoring the location of goods in the supply chain to managing urban infrastructure and enabling location-based services, GNSS chips are integral to the functioning of IoT ecosystems. As the number of connected devices continues to skyrocket, the demand for low-power, cost-effective GNSS chips that can be integrated into these devices is expected to increase significantly.

Advancements in multi-constellation and multi-band GNSS technologies are also fueling market growth. These technologies enhance the accuracy and reliability of GNSS chips by allowing them to receive signals from multiple satellite constellations and frequency bands, improving performance in challenging environments. Multi-constellation GNSS chips, for example, can operate in areas with signal obstructions, such as dense urban environments or mountainous regions, ensuring continuous positioning data. This makes them particularly valuable in industries like transportation, construction, and agriculture, where accurate positioning is critical. The ability to offer high-precision, real-time navigation in diverse environments is driving the adoption of GNSS chips across multiple sectors.

The growing use of GNSS chips in consumer electronics, such as smartphones, smartwatches, and fitness trackers, is another significant factor driving the market. Location-based services, such as navigation, geofencing, and fitness tracking, have become standard features in consumer devices, and GNSS chips are at the heart of these capabilities. With billions of connected devices in use globally, the demand for reliable, energy-efficient GNSS chips that provide accurate positioning data is increasing rapidly. As consumer expectations for seamless connectivity and real-time services continue to rise, manufacturers are integrating more advanced GNSS chips into their products to deliver enhanced user experiences.

Finally, the expansion of GNSS chip applications in emerging markets, such as smart agriculture, maritime navigation, and urban mobility solutions, is contributing to the market`s growth. In smart agriculture, for example, GNSS chips enable precision farming practices that optimize the use of resources and improve crop yields. In the maritime industry, GNSS chips support navigation and tracking systems that enhance the safety and efficiency of shipping operations. As industries worldwide increasingly adopt digital solutions and automation, the demand for GNSS chips that enable real-time location data and high-precision navigation will continue to grow.

In conclusion, the growth of the GNSS chip market is driven by the rising demand for precision navigation in autonomous systems, the expansion of IoT applications, advancements in multi-constellation and multi-band technologies, and the widespread use of GNSS chips in consumer electronics. As industries prioritize efficiency, accuracy, and connectivity in their operations, GNSS chips will play a central role in enabling a broad range of applications, from autonomous vehicles and smart cities to everyday consumer devices.

Select Competitors (Total 43 Featured) -

• Broadcom Ltd.
• Eagle UAV Services
• Furuno Electric Co., Ltd.
• Hemisphere GNSS, Inc.
• Intel Corporation
• MediaTek, Inc.
• Misfit, Inc.
• Navika Electronics
• Qualcomm, Inc.
• Quectel Wireless Solutions Co., Ltd.
• Skyworks Solutions, Inc.
• STMicroelectronics NV
• u-blox Holding AG

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