Global GNSS Chip Market to 2027
Global GNSS Chip Market to 2027
Market Overview
GNSS chips are known as global navigation satellite system which is used for locating the geographical position of user anywhere on earth. These are mainly used for navigation and tracking purposes in various devices. They are integral part of smartphones enabling users to navigate through paths, get accurate solutions, directions etc.
Market Drivers
Rise in demand for unmanned aerial vehicles is one of the key driving factors which are expected to boost the global GNSS chip market growth. An unmanned aerial vehicle is a system which aircraft remotely operated by an autonomous computer that has found its way to several applications for monitoring, mapping of large scale areas, and real-time assessment. Furthermore, increase in demand for 4G and 5G network coverage and high speed internet will propel the growth og global GNSS chip market during this forecast period.
Market Restraints
However, a high initial investment is required in agricultural sector is the major restraining factor which is expected to hamper the global GNSS chip market growth.
Market Segmentation
Global GNSS Chip Market is segmented into devices such as Tablets, Smartphones, and In-Vehicle Systems. Further, market is segmented into application such as Mapping, Navigation, Surveying, Telematics, and Location-based Services.
Also, Global GNSS Chip Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in report such as Qualcomm Incorporated, Quectel Wireless Solutions Co., Ltd., Skyworks Solutions, Inc., Furuno Electric Co., Ltd., Intel Corporation, Broadcom Corporation, U-Blox Holdings AG, Mediatek Inc.,and Stmicroelectronics N.V.
Market Taxonomy
By Device
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