Global Gps & Gnss Chips Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Gps & Gnss Chips Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A GPS & GNSS chip functions just like a regular GPS device. It receives GPS signals from satellites, and using wireless connectivity, it is capable of transmitting the data to a controlling device such as your PC or mobile phone. A GPS tracking application is usually installed to view the chip's location. The Gps & Gnss Chips are majorly used for navigation and tracking purposes.

Market Overview:

The latest research study on the global Gps & Gnss Chips market finds that the global Gps & Gnss Chips market reached a value of USD 5304.38 million in 2022. It’s expected that the market will achieve USD 8621.5 million by 2028, exhibiting a CAGR of 8.43% during the forecast period.

Influence of COVID-19 Outbreak on Gps & Gnss Chips Industry Development

Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization has declared it an emergency public health event. The COVID-19 epidemic is infected with a large number of people, and its spread and scope far exceed SARS. At present, the number of confirmed cases in Worldwide has exceeded 27 million. Different industries are affected differently by the epidemic situation. And the COVID-19 epidemic has severely hit the global economy. The World Bank predicts that the global GDP (gross domestic product) will fall by 5.2% in 2020, which is the largest drop since the Second World War.

The impact of the epidemic on the Gps & Gnss Chips industry will involve all major links and all entities in the industry chain. In order to avoid large-scale population movements and gatherings, various countries have adopted prevention and control measures such as home isolation and extension of the Spring Festival holiday. More and more cities are entering the first-level response state, strictly isolating measures, strictly prohibiting vehicle entry and exit, strictly controlling the flow of personnel, and strictly preventing the spread of the epidemic. This makes it impossible for non-local employees to return or arrive immediately, the number of employees is insufficient, and normal commuting is also severely frustrated, resulting in a large-scale shutdown of production. The road closure and country closure measures adopted by various regions have hindered the transportation of silicon and other raw materials. The existing raw and auxiliary material reserves cannot meet the needs of normal production, and the raw material inventory of most companies cannot maintain production. The industry's start-up load dropped, and market sales dropped.

For the Gps & Gnss Chips industry, the upper reaches of the chip industry chain are chip design companies, with a large number and a certain degree of negative impact. This type of enterprise is dominated by R&D personnel, which can achieve remote office to a certain extent; even if some enterprises have production lines, they are highly intelligent and the number of front-line workers is small. This type of enterprise has relatively abundant cash flow and strong overall anti-risk ability. Nonetheless, during the epidemic prevention and control period, such companies still have difficulties in guaranteeing working hours and R&D efficiency. Other inconveniences may include delays in resuming work in the upstream and downstream of the supply chain, or delays in production; slower logistics speed, and possibly even outage; time and financial costs for product entry inspections may increase, posing challenges to overseas sales.

Strength

High performance of the Gps & Gnss Chips

GNSS chips are majorly used by these industries for navigation and tracking purposes. GPS has become integral to smartphones, enabling users to navigate through paths, get accurate locations, directions, etc. The Gps & Gnss Chips boasts excellent performance in various industries. For example, the automotive sector is one of the major industries contributing to the GNSS chip market growth. With the emergence of automobiles enabled with innovative functionalities, the integration of GPS has been a common factor. This system is immensely benefiting the autonomous driving technology, which will help to determine lane and directions and to navigate in different directions. The users can track live locations and get accurate locations with the help of these satellite systems. Therefore, this sector is accelerating the demand for GNSS chips.

Weakness

High-power consumption

One of the factors acting as a hindrance in the growth of the GNSS chip market is the high-power consumption by these systems. Most systems do not survive for a longer duration, which requires frequent recharge and change of battery, resulting in much higher costs.

High initial investment in agricultural investments

The agriculture sector deploys GNSS systems in applications such as tractor guidance, monitoring automatic steering-wheel movements, which would help in increasing agriculture production. It will be one of the fastest-growing segments and would generate huge demand in precision agriculture applications. However, the farmers have to bear the high price of devices and equipment used for precision farming as an initial investment. The GNSS technology-enabled devices used in navigation and mapping applications are expensive and are usually purchased along with actual farming equipment. The installation of a complete precision farming system includes the integration of the guidance devices with farming equipment, installation of monitoring and sensing devices, and integration of the whole system with the farm management software and database. This process requires high initial investments, which makes marginal farmers reluctant toward adopting precision farming practices. This factor can be witnessed in countries such as Brazil, China, and India, wherein land holdings are fragmented and the numbers of marginal farmers are more. For instance, in Canada, an average farmer has to spend about USD 15,000 to USD 20,000 for making an initial investment to adopt precision farming, which requires GNSS chips to receive real-time data.

Region Overview:

Geographically, Asia Pacific held the largest market share – 35.62% in 2022.

Company Overview:

Qualcomm is one of the major players operating in the Gps & Gnss Chips market, holding a share of 23.61% in 2023.

Qualcomm

Qualcomm Incorporated operates as a multinational semiconductor and telecommunications equipment company. The Company develops and delivers digital wireless communications products and services based on CDMA digital technology. Qualcomm serves customers worldwide.

Broadcom

Broadcom Inc. is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Broadcom’s category-leading product portfolio serves critical markets including data center, networking, software, broadband, wireless, storage and industrial. Its solutions include data center networking and storage, enterprise and mainframe software focused on automation, monitoring and security, smartphone components, telecoms and factory automation.

Segmentation Overview:

As for product types, the Contact Chips segment held the largest market share in 2022.

Application Overview:

In the Gps & Gnss Chips market, 42.78% of the total value was generated through the Road segment by application in 2022.

Key Companies in the global Gps & Gnss Chips market covered in Chapter 3:

Mediatek
Quectel Wireless Solutions
Broadcom
Qualcomm
OLinkStar
STMicroelectronics
U-Blox Holdings
Skyworks Solutions
Navika Electronics
Furuno Electric
Intel

In Chapter 4 and Chapter 14.2, on the basis of types, the Gps & Gnss Chips market from 2018 to 2029 is primarily split into:

Contact Chips
Non-contact Chips

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Gps & Gnss Chips market from 2018 to 2029 covers:

Consumer Electronics
Road
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)