GNSS IC Market (Updated Version Available)

The APAC region would continue to account for the largest share of the GNSS chip market in the coming years. Due to the increasing adoption of IoT and portable consumer electronics devices in countries such as China, Japan, and South Korea, the GNSS chip market in APAC is expected to grow at a high rate.
Qualcomm, Broadcom and Mediatek captured the top three revenue share spots in the GNSS Chips market in 2016. Qualcomm dominated with 24.46% revenue share, followed by Broadcom with 13.68% revenue share and Mediatek with 8.19% revenue share.
The GNSS IC market was valued at 3570 Million US$ in 2020 and is projected to reach 6110 Million US$ by 2026, at a CAGR of 7.0% during the forecast period. In this study, 2021 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for GNSS IC.

This report covers the present status and the future prospects of the global GNSS IC market for 2015-2026.
The report offers detailed coverage of GNSS IC industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading GNSS IC by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Qualcomm, Broadcom, Mediatek, u-blox, STM, Intel Corporation, Furuno Electric, Quectel Wireless Solutions, Navika Electronics

Market Segment as follows:
Market by Order Type

High Precision GNSS Chips
Standard Precision GNSS Chips
GNSS IC Breakdown Data by Application
Smartphones
Tablets
Personal Navigation Devices
In-Vehicle Systems
Wearable Devices
Digital Cameras
Others

GNSS IC market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the GNSS IC market for the forecast period 2021 - 2026?
• What are the driving forces in the GNSS IC market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the GNSS IC industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.