Published on : Jul 27, 2017
Albany, New York, July 27, 2017: The report analyzes the global GPS and GNSS chips market and presents a comprehensive picture of the market’s current position, based on detailed analysis of the historical growth trajectory exhibited by the global GPS and GNSS chips market. The segmentation of the global GPS and GNSS chips market and its hierarchy are elaborated upon in the report in order to provide readers with an accurate idea of the market leaders and how their position affects their performance. The report is titled ‘Global GPS & GNSS Chips Market Research Report 2017.’
The global GPS and GNSS chips market has come to light in recent years, following the growing use of location tracking services and their various applications. The GPS and GNSS chips market has thus acquired a new set of consumers, which has diversified its application range; this is likely to remain a key driver for the global GPS and GNSS chips market in the coming years, as the use of location tracking and monitoring systems is likely to increase steadily in the coming years.
The leading application segments of the global GPS and GNSS chips market include consumer electronics, the automotive sector, military and defense, and transportation. The transportation sector is likely to play a key role in the development of the global GPS and GNSS chips market in the coming years, due to the rising demand for remote tracking of transportation services for security purposes. The automotive sector is also likely to remain a vital consumer in the global GPS and GNSS chips market for similar reasons.
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Nevertheless, the rapid growth of the consumer electronics sector is likely to be the key driver for the global GPS and GNSS chips market in the coming years. The rising use of mobile devices such as smartphones has led to growing adoption of location-based services by industries catering to key consumer demographics for the consumer electronics industry, which has led to consistent demand from the global GPS and GNSS chips market. The growing demand for Internet of Things technology across the world is also likely to be a key driver for the global GPS and GNSS chips market in the coming years.
Regionally, the report looks into the performance of the GPS and GNSS chips market in the U.S., the EU, China, Japan, Taiwan, and South Korea. The report presents comprehensive 2012-2022 projections for each regional market, including a detailed look at the various aspects of the historical trajectory of the GPS and GNSS chips market in each region as well as reliable estimations regarding future growth.
Key GPS and GNSS chips market players examined in the report include Qualcomm, Intel, Furuno Electric, Navika Electronics, STMicroelectronics, Mediatek, Skyworks Solutions, U-Blox Holdings, and Quectel Wireless Solutions.
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