GNSS Chip stands for Global Navigation Satellite System (GNSS) chip. It is a type of electronic component that receives and processes navigation signals from GNSS satellites. GNSS chips are used to determine the location and timing of different objects, and are the foundational element behind many of the navigation technologies seen in consumer applications, such as Global Positioning System (GPS) devices and autonomous vehicles.
The first GNSS systems to be widely used were the United States’ GPS system and Russia’s GLONASS system. Both of these systems began as military navigation systems, but have since been made available to the public. In recent years, other GNSS systems have been developed, including China’s Beidou, Europe’s Galileo, and India’s IRNSS.
GNSS chips are becoming increasingly sophisticated and feature-rich, allowing for more accurate and feature-rich navigation solutions. GNSS chips are being used in many different industries, such as automotive, aviation, and fleet management. Furthermore, the technology is being utilized in emerging industries such as 5G and IoT. The global GNSS chip market is estimated to be valued at over $128 billion by 2025.
The global GNSS Chip market was valued at US$ 2911 million in 2022 and is anticipated to reach US$ 4085 million by 2029, witnessing a CAGR of 4.9% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global GNSS Chip Market available at: https://www.themarketreports.com/report/global-gnss-chip-market-research-report
This report aims to provide a comprehensive presentation of the global market for GNSS Chip, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding GNSS Chip.
Global GNSS Chip key players include Qualcomm, Broadcom, Mediatek, STM, Intel, etc. Global top five manufacturers hold a share about 60%. China is the largest market, with a share about 45%, followed by Europe and North America, total with a share about 30 percent. In terms of product, Standard Precision GNSS Chips is the largest segment, with a share about 70%. And in terms of application, the largest application is Smartphones, followed by Tablets, In-Vehicle Systems, Wearable Devices, Digital Cameras, and Personal Navigation Devices, etc.
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