Who can drive the GNSS chip market in 2017?

Spot Remarks 2017+

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This year has seen two key research reports on the global GNSS chip market, offering valuable insights into its evolution and future direction. These analyses not only highlight the overall growth of the GNSS industry but also provide a roadmap for the development of China's Beidou-compatible chips and other GNSS system integrations.

In March, "QY Research" published the "Global GNSS Chip Market Research Report 2017," a comprehensive analysis of the global market. The report dives into market segments, end-users, geographic distribution, and related technologies. It covers major players, current trends, and their impact on the global market, including ROI, SWOT, and feasibility studies. The report also assesses market dynamics, size, share, and regional forecasts from 2012 to 2022, focusing on production, consumption, revenue, and growth rates. Key regions include the U.S., Europe, China, Japan, South Korea, and Taiwan. Additionally, it provides an overview of top manufacturers such as Qualcomm, STMicroelectronics, MediaTek, U-Blox, Broadcom, Intel, FURUNO, Skyworks Solutions, Quectel, and Navika. The report categorizes products into standard accuracy and high-precision GNSS chips, analyzing each segment’s production, revenue, pricing, and market share. End-user applications cover smartphones, tablets, personal navigators, in-vehicle systems, wearables, and digital cameras, with detailed insights into each sector’s performance and growth potential.

What will drive the GNSS chip market in 2017?

In February, “Research and Market” released the "Global Forecast for GNSS Chip Market to 2022." This report explores the chip market, application devices like smartphones, car terminals, tablets, and personal navigators, as well as the industries they serve—such as location services, navigation, car networking, mapping, and time synchronization. It also examines vertical markets and geographical distributions.

The report predicts that the global GNSS chip market will grow at a compound annual rate of 7.9% between 2016 and 2022, reaching $52.2 billion by 2022. In 2017, the market was valued at around $3.6 billion. Key drivers include rising demand for wearable electronics, real-time positioning applications like mapping and navigation, and the increasing adoption of connected and smart devices. However, high initial investment costs remain a challenge for market expansion.

Smartphones are expected to dominate the GNSS chip market throughout the forecast period. They were the largest segment in 2016, used for LBS, online gaming, and mobile GIS. With growing demand in emerging markets and the need for accurate location tracking, smartphones are set to maintain their leading position in the GNSS chip market.

Who will lead the GNSS chip market in 2017?

The automotive industry is another major contributor to the GNSS chip market. Between 2016 and 2022, this sector is expected to see strong growth. GNSS chips are widely used in connected cars, in-vehicle systems, and vehicle monitoring technologies. As these systems evolve, features like speed monitoring, traffic counting, and vehicle classification are becoming more advanced. Connected vehicles rely on GNSS chips to access the internet, communicate with other vehicles, and interact with road infrastructure such as traffic signals, satellites, cloud services, and roadside antennas.

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 require real-time location data through smartphones, wearables, and tablets. Ongoing technological advancements and the rising popularity of wearables in the region are fueling the demand for GNSS chips in this area.