According to our latest market study on “GNSS Chip Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Device, Application, and Vertical,” the market is projected to reach US$ 8,324.27 million by 2028 from US$ 5,669.00 million in 2021; it is expected to grow at a CAGR of 5.6% from 2021 to 2028.

IoT Technology in Autonomous Vehicles to Create Lucrative Opportunities for GNSS Chip Market During 2021–2028

IoT technologies help the automotive industry to create innovative and advanced solutions such as connected car solutions, advanced driver-assistance systems (ADAS), in-vehicle infotainment systems, and navigation and telematics solutions. Navigation systems are being deployed mainly in vehicles to display maps that offer information about speed, location, direction, nearby streets, points of interest, and tracking purposes. IoT-enabled cars have GNSS chips integrated into them, which help drivers to drive efficiently, and concerned agencies can track their location in case of emergencies. Thus, a rise in demand for IoT-enabled cars creates an opportunity for GNSS chip market players to strengthen their presence in the automotive sector. In January 2021, Qualcomm Technologies, Inc. and Alps Alpine Co., Ltd. announced a camera-based sensing and positioning device called ViewPose to support absolute lane-level vehicle positioning.

The List of Companies - GNSS Chip Market

·        INTEL

·        Mediatek

·        QUALCOMM

·        FURUNO

·        Broadcom Inc.

·        U-BLOX

·        Trimble Navigation

·        Septentrio

·        Quectel Wireless

·        Hemisphere GNSS Inc.

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(Our SAMPLE COPY of the report offers a quick advent to the Study report outlook, TOC, a listing of tables and figures, Analysis on Competitors of the market, and comprising key regions, also include COVID-19 impact Analysis)

Impact of COVID-19:

A continuous surge in the number of virus-infected patients compelled government authorities to impose stringent lockdowns across the US and other regions for the first three quarters of 2020. The manufacturing sector witnessed severe losses due to temporary factory shutdowns and low production volumes, which hindered the growth of the automotive, electronics & semiconductors, and retail sectors. Moreover, the social or physical distancing measures put limitations on the operations of logistics and other service providers. Owing to the COVID-19 infection, lower-income and old buyers seemed to be less inclined toward spending on nonessentials, and their spending on such commodities declined by ~9% in 2020, compared to 2019. This impacted the sales of various consumer electronics products, such as smartwatches, wearable, and fitness trackers. In the US, the shuttering of assembly plants affected the GNSS chip market from the supply side. However, during the Q3 of 2020, various industries started to open, which resulted in the resumption of the supply chain operations. In 2022, the engineering and construction (E&C) industry is likely to play a critical role in assisting the country's economic strategy. With investments in healthcare, public safety, and other public facilities, the E&C sector is predicted to do well, along with a quicker recovery of the non-residential segment. As GNSS chips are widely utilized in construction vehicles, the factors listed above will aid the GNSS chip market's recovery from the damage caused during the initial phases of the pandemic.

Advantage of requesting Sample PDF Report Before purchase to know about:

·        To part the breakdown information by districts, type, makers, and applications.

·        To break down and research the worldwide GNSS Chip status and future figure, including, creation, income, utilization, recorded, and conjecture.

·        To distinguish huge patterns, drivers, impact factors in worldwide and locales.

·        To introduce the key GNSS Chip makers, creation, income, piece of the pie, and ongoing turn of events.

·        To investigate serious advancements, for example, extensions, arrangements, new item dispatches, and acquisitions on the lookout.

·        To investigate the worldwide and key districts market potential and preferred position, opportunity, and challenge, limitations, and dangers.

Our Research Analyses Some Key Points for your Research Study:- Market Research Report, Industry Business Outlook, Revenue, Trends, Industry Business Outlook, Revenue, Comprehensive Analysis, Development Strategy, Future Plans and Industry Growth, Potential growth, attractive valuation, increasing demand with Industry Professionals, innovations, CAPEX cycle and the dynamic structure, increasing demand, gross profits, operating income, COGS, EBITDA, sales volume, product offerings, company landscape analysis, key strategic moves, key recent developments, and technological roadmap

Major by Device of GNSS Chip Market Research report:

·        Smartphones

·        Tablets

·        Personal Navigation Devices

·        In-Vehicle systems

·        Others

Application GNSS Chip Market Research Report:

·        Navigation & Location-Based Services

·        Mapping

·        Surveying

·        Telematics

·        Timing and Synchronization

·        Others

Key Industry Insights

This Market report is a wide audit that incorporates an itemized review of the GNSS Chip business. The report clarifies kind of GNSS Chip and application in various verticals of the market with respect to different nations and key areas. The examination has recorded and assessed all the central members in the worldwide GNSS Chip market and analyzed them based on various measurements, for example, yearly deals shipments volume, verifiable development rates, market income, and promoting techniques. Based on every one of these discoveries, the worldwide GNSS Chip industry study report proposes key intends to improve market positions for existing business sector members.

This Study Report Offers Following Objectives:

1.      Conjecture and examination of the worldwide GNSS Chip market deals, share, worth, status and figure 2028.

2.      Break down the local just as nation level portions, share development for Global GNSS Chip Market.

3.      Investigation of Global GNSS Chip industry-driving makers/players.

4.      Characterize and investigate the market rivalry scene, SWOT examination.

5.      Estimates and investigation of the portions, sub-sections and the provincial business sectors dependent on last of 5 years market history.

6.      Examination of the GNSS Chip market by Type, by Application/end clients and district insightful.

7.      Estimate and investigation of the Global GNSS Chip Market Trends, Drivers, Investment Opportunities, Openings, Risk, Difficulties, and suggestions.

8.      Investigate the critical driving elements, patterns which confine market development.

9.      Portray the partner's chances in the market by recognizing the high development fragments.

Top Points Covered in the Global GNSS Chip Market:

·        Industry Overview of Global GNSS Chip Market;

·        Classification, Specifications and Definition of GNSS Chip Market Segment by Regions;

·        Process and Structure

·        Research Findings/Conclusion, GNSS Chip deals channel, traders, distributors, dealer’s analysis;

·        Complete Market Research, Capacity, Sales and Sales Price Analysis with Company Segment;

·        Analysis of Regional Market that contains the United States, Europe, India, China, Japan, Korea & Taiwan;

·        GNSS Chip Market Analysis by Major Players, The GNSS Chip Segment Market Analysis (by Type) and (by Application);

·        Regional Market Trend Analysis, Market Trend by Product Type and by Application:

·        Supply Chain Analysis, Regional Marketing Type Analysis, Global Trade Type Analysis;

·        The Global GNSS Chip industry consumers Analysis;

·        Appendix and data source of GNSS Chip market.

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