GNSS Chip Market

GNSS Chip Market Synopsis

GNSS Chip Market Size Was Valued at USD 9.40 Billion in 2023, and is Projected to Reach USD 15.35 Billion by 2032, Growing at a CAGR of 5.60 % From 2024-2032.

The GNSS (Global Navigation Satellite System) Chip industry relates to the business of designing, manufacturing and selling chips applicable in GNSS systems, which are devices that harness satellite signals to perform location and time determination. These chips are equally used in many different applications like navigation, tracking and positioning across industries like automotive, aerospace and consumer electronics industries. GNSS chips are embedded with GPS, GLONASS, Galileo and Beidou systems to provide better accuracy rate and reliability to its users in different parts of the world.

The market for GNSS chips continues to show vigorous growth due to the growing need for location service solutions, advances in satellite technologies, and development of the IoT. GNSS chips find their applications across application segments, from automotive to wearable devices, and are critical in the connectivity and position-fixing mechanism. The market is analogous and a large number of participants are involved in various sub-segments to develop the technology and looking for cost effective solutions to meet consumer demand.

This is supported with increased use of GNSS enabled equipment especially within the automobile industry as well as households, alongside a growing need for accurate tracking and navigation services in real time. Nonetheless, there are a few risks that create tension for the market growth including regulatory limitations and data security issues, depending on the regions. Nevertheless, the growth of GNSS chip market is forecasted to remain an ongoing process due to developing new, advanced chipsets and increasing importance of IoT solutions.

GNSS Chip Market Outlook, 2023 and 2032: Future Outlook

GNSS Chip Market Trend Analysis

Navigating the Future, Trends Shaping the GNSS Chip Market

One of the trends visible in the market of GNSS chips is the addition of more than GPS system, including GLONASS, Galileo, Beidou, and others which improves the position resolution and credibility. Hence, increased precision is needed in applications like fully autonomous ships, cars, drones, etc., leading to a rapidly rising demand for new GNSS chips. Satellites constellations growth is enhanced confrontation of GNSS chips across different geographic locations and opportunistic applications.

Another trend can be clearly observed which is the trend for smaller sized GNSS chips for the need for making devices that are not just smaller but also energy efficient. This is especially important because the advancement of wearable devices, consumer electronics, and applications like IoT require GNSS chips that can be power efficient and size-challenged. This has resulted in the emergence of technologies in chip designing where players direct their effort towards achieving optimal levels of performance within limited and reduced power consumption.

The GPS Boom, Forces Accelerating the GNSS Chip Market

The rising need for positioning and navigation services, real-time monitoring, and geolocation data and services is the major factor behind the GNSS chip market. As far as specific industries are concerned, automotive industry, agriculture industry and aerospace industry all are using GNSS technology for greater operational control and accuracy. Another area where GNSS chips are being incorporated into devices is automotive where they are finding application in GPS navigation systems and ADAS systems that are driving a great demand for the market.

Another is the increase in the Internet of Things products, and the need for connected solutions continuing to grow. GNSS chips play a significant role within the IoT applications with the need of real-time tracking and positioning services. Their application covers smart agriculture, logistics, and other IoT devices containing GNSS chips, which drives the market advancement and the creation of novel application fields.

Barriers in Orbit, Regulatory Hurdles for GNSS Chips

The social factor that limits the GNSS chip market mainly arises from regulations made by governments concerning the usage of GNSS chips. For instance, the satellite data might be restricted in certain geographical locations and access to such data might be challenging, particularly in steeled regimes. These regulation issues pose problems to GNSS technology when it comes to deployment around the world restricting market expansion into specific areas.

Also, data privacy and security are the other limitation factors affecting the expansion of this market’s growth. Since GNSS chips require specific location information, users and governments are worried about the possible abuse of this data. Mitigation measures for these concerns are imperative for the sustainable market growth of GNSS chips because the loss of user confidence will significantly hamper the growth of any system.

Steering the Future, GNSS Chips in Autonomous Vehicles

A constantly changing nature of the development of driverless car solutions is a major opportunity for the GNSS chip market. automation rises the demand for positioning systems with enhanced precision; thus, the demand for high-quality GNSS chips is expected to grow significantly." The uses of territory GNSS chips are expected to grow in the further depending on the advance and popularization of these automotive applications.

The agriculture sector is also a viable opportunity for GNSS chip makers should be considered. Because geolocation data is critical for determining yields and resource usage, precision farming has gained significant importance. GNSS chips are needed for the use of precision agriculture tools like automatically operated tractors, drones, implements and other equipment, resulting increased productivity among farmers.

GNSS Chip Market Segment Analysis

GNSS Chip Market Segmented on the basis of By Type, By Application and By End-User.

By Type

o   GPS

o   GLONASS

o   Galileo

o   Beidou

o   Others

By Application

o   Consumer Electronics

o   Automotive

o   Aerospace and Defense

o   Agriculture

o   Industrial

o   Others

By End User

o   Automotive

o   Consumer Electronics

o   Military and Defense

o   Industrial

o   Others

By Region

o   North America (U.S., Canada, Mexico)

o   Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

o   Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

o   Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)

o   Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

o   South America (Brazil, Argentina, Rest of SA)

By Type, GPS segment is expected to dominate the market during the forecast period

The global GNSS chip market can be divided into types, depending on the satellite constellations implemented in the chips. Currently, the most frequently implemented GPS segment is GPS, secondly, GLONASS, Galileo, and Beidou, which meet various regional and functional requirements. North America and other global areas sort GPS most while Russia uses GLONASS, European countries use Galileo, and China uses Beidou. In the ‘Others’ category, there are subtle chips that correspond to regional or satellite constellation upstarts. Of these types, the former contributes toward market growth because they provide more flexibility and accuracy in positioning in applications.

By Application, Consumer Electronics segment expected to held the largest share

Mapping of GNSS chip market can be made in the consumer electronics, automotive sector, aerospace and defense sectors, agricultural and industrial sectors. In consumer electronics the GNSS chips are incorporated in smartphones, portable navigation devices and wearable smart devices. Automotive segments, for GPS systems, and other applications such as ADAS and autonomous vehicles integrate GNSS chips. GNSS chips are used for navigation and surveillance in aerospace and defense industry. The relevance of adopting GNSS technology. In the sphere of agriculture, such GNSS systems find their application in precision farming technologies aimed at the optimization of farming processes, while the systems serve industrial intentions in the framework of equipment tracking and management of fleets.

GNSS Chip Market Regional Insights

Asia Pacific is Expected to Dominate the Market Over the Forecast period

As of now, Asia Pacific occupies the largest share of global GNSS chip because of its technological development, developed electronics markets, and government backing for satellite navigation. Asia Pacific region continues to be the largest consumer of GNSS products owing to the fact that countries in this region such as China, Japan, and India have invested heavily in this technology including the Beidou navigation system that we have seen contributing significantly to the growth of this market. Demand from smartphones, wearable devices, and IoT applications is also reportedly trending high in the region adding to the GNSS chips demand.

Moreover, the extent of car sales in Asia Pacific especially in china and Japan is rapidly rising and these cars integrate features such as navigation systems, self driving cars. The availability of the key manufacturers and research institutions in the region guarantees that Asia Pacific region remains the most dominant region for GNSS chip development and manufacturing. The increasing network and emphasis on development enhance the Asia Pacific’s claim to the global GNSS chip market share.

GNSS Chip Market Share, by Geography, 2023 (%)

Active Key Players in the GNSS Chip Market

o   Broadcom Inc. (USA)

o   Intel Corporation (USA)

o   MediaTek Inc. (Taiwan)

o   NXP Semiconductors (Netherlands)

o   Qualcomm (USA)

o   Renesas Electronics Corporation (Japan)

o   Skyworks Solutions (USA)

o   STMicroelectronics (Switzerland)

o   Texas Instruments (USA)

o   u-blox (Switzerland)

o   Other key Players

Global GNSS Chip Market Scope