Insights Into The Global Navigation Satellite System (GNSS) Chip Market’s Growth Potential 2024-2033
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What is the Expected Growth Rate of the Global Navigation Satellite System (GNSS) Chip Market from 2024 to 2033?
The global navigation satellite system (GNSS) chip market is expected to grow from $5.42 billion in 2023 to $5.83 billion in 2024, at a CAGR of 7.4%. Key drivers include the rise of satellite navigation systems and their adoption in various sectors.
The global navigation satellite system (GNSS) chip market is expected to reach $67.14 billion in 2028 with a CAGR of 6.2%. This growth is driven by demand for real-time data and advancements in satellite systems. Trends include miniaturization, 5G integration, and inertial navigation system integration.
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What Key Factors Are Fueling the Growth of the Global Navigation Satellite System (GNSS) Chip Market?
The increasing demand for consumer electronics is expected to boost the global navigation satellite system (GNSS) chip market. Consumer electronics encompass devices designed for personal use, where GNSS chips provide precise location services. In May 2023, overall electronic device production in Japan reached $6,722 million, with consumer electronics production rising from $230.9 million in May 2022 to $280 million in May 2023. Consequently, the growing demand for consumer electronics is driving the GNSS chip market.
What Are the Major Segments of the Global Navigation Satellite System (GNSS) Chip Market?
1) By Device Type: Smartphones, Tablets And Wearables, Personal Tracking Devices, Low-Power Asset Trackers, In-Vehicle Systems, Drones, Other Device Types
2) By Application: Navigation, Mapping, Location-Based Services, Surveying, Telematics, Timing And Synchronization, Other Applications
3) By Vertical: Consumer Electronics, Construction, Agriculture, Automotive, Military And Defense, Marine, Transport
What New Trends Are Transforming the Global Navigation Satellite System (GNSS) Chip Market?
Major companies in the GNSS chip market are innovating with wide-area real-time kinematics technology. In October 2023, LOCOSYS Technology Inc. launched a technology for high-precision positioning over large areas, crucial for GIS applications and smart transportation systems.
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Which Regions Are Driving Growth in the Global Navigation Satellite System (GNSS) Chip Market?
Asia-Pacific was the largest region in the global navigation satellite system (GNSS) chip market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global navigation satellite system (GNSS) chip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Global Navigation Satellite System (GNSS) Chip Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the global navigation satellite system (gnss) chip market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Global Navigation Satellite System (GNSS) Chip Market Include
1. Global Navigation Satellite System (GNSS) Chip Market Executive Summary
2. Global Navigation Satellite System (GNSS) Chip Market Segments
3. Global Navigation Satellite System (GNSS) Chip Market Size And Template Market Growth Rate
4. Key Global Navigation Satellite System (GNSS) Chip Market Trends
5. Major Global Navigation Satellite System (GNSS) Chip Market Drivers
……
25. Key Mergers And Acquisitions In The Global Navigation Satellite System (GNSS) Chip Market
26. Top Global Navigation Satellite System (GNSS) Chip Companies
27. Global Navigation Satellite System (GNSS) Chip Market Opportunities And Strategies
28. Global Navigation Satellite System (GNSS) Chip Market, Conclusions And Recommendations
29. Appendix
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