Who can drive the GNSS chip market in 2017?

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Since the start of this year, two research reports have been published on the global GNSS chip market. These reports provide some insights into how the GNSS market is evolving and offer valuable guidance for the development of China's Beidou-compatible chip market, as well as other GNSS systems and related business opportunities.

In March, "QY Research" released the "Global GNSS Chip Market Research Report 2017." This comprehensive report covers key segments of the global GNSS chip market, including end users, geographic regions, and technological trends. It also includes detailed analysis such as ROI, SWOT, and feasibility studies to help major players assess market developments. The report breaks down the market by region—such as the U.S., Europe, China, Japan, South Korea, and Taiwan—and provides forecasts from 2012 to 2022, covering production, consumption, revenue, market share, and growth rates. Key manufacturers like Qualcomm, STMicroelectronics, MediaTek, U-Blox, Broadcom, Intel, FURUNO, Skyworks Solutions, Quectel, and Navika are highlighted, along with their production volumes, pricing, and revenue. The report also categorizes GNSS chips into standard accuracy and high-precision types, analyzing each segment’s performance across different applications like smartphones, wearables, in-vehicle systems, and more.

What will drive the GNSS chip market in 2017?

In February, "Research and Market" published the "Global Forecast for GNSS Chip Market to 2022." This report outlines the future of the GNSS chip market, covering not only the chips themselves but also the application devices such as smartphones, car terminals, tablets, and personal navigators. It also examines industry applications like location services, navigation, car networking, mapping, time synchronization, and vertical markets across different regions.

According to the report, the global GNSS chip market has seen significant growth between 2016 and 2022, with a compound annual growth rate of 7.9%. By 2022, the market is expected to reach $52.2 billion, with an output value of around $3.6 billion in 2017. Key drivers include rising demand for wearable electronics, increasing need for real-time positioning in applications like mapping and navigation, and higher adoption of connected and smart devices. However, high initial investment remains a challenge for market expansion.

Smartphones are expected to dominate the GNSS chip market during the forecast period. In 2016, they were the largest segment in terms of GNSS chip usage, with applications ranging from location-based services (LBS) to mobile GIS and online gaming. As demand grows in developing countries and the need for precise location tracking increases, smartphones are likely to maintain their leading position in the GNSS chip market.

Who will lead the GNSS chip market in 2017?

The automotive sector is another major contributor to the GNSS chip market. Between 2016 and 2022, it is expected to grow at a strong pace. GNSS chips are used in connected cars, in-vehicle systems, and vehicle monitoring technologies that enhance speed tracking, traffic counting, and classification. Connected vehicles use GNSS chips to access the internet and communicate with other vehicles, infrastructure, and cloud services, improving safety and efficiency on the road.

The Asia Pacific region is projected to be the fastest-growing market for GNSS chips. Major consumer electronics companies in the region are continuously launching innovative products that rely on real-time data for location tracking. With the growing popularity of wearables and continued tech advancements in the consumer electronics sector, the Asia Pacific is set to play a crucial role in driving the GNSS chip market forward.