Market Leaders - GNSS Chip Market
The increasing demand for accurate real-time data for surveying, navigation, mapping, and other positioning applications is encouraging the adoption of GNSS chips in various devices. The GNSS chip market is expected to be valued at USD 5.22 Billion by 2022, growing at a CAGR of 7.9% between 2016 and 2022. The growth of this market is propelled by the growing demand for wearable electronics and the increasing miniaturization of electronic devices. APAC is expected to hold the largest size of the GNSS chip market by 2022, and the market in APAC would grow at a high rate during the forecast period.
Qualcomm Incorporated (U.S.), STMicroelectronics N.V. (Switzerland), Intel Corporation (U.S.), Mediatek Inc. (Taiwan), and Broadcom Corporation (U.S.) are some of the leading players in the GNSS Chip market. These players have adopted new product launches and developments, expansions, contracts, agreements, acquisitions, and partnerships to gain a competitive edge in the market
Qualcomm Incorporated is a pioneer and leading player in the wireless connectivity segment. This has helped the company achieve a strong position in the market. The company is expected to be benefited greatly from the proliferation of IoT, both from the licensing and chipset point of view, as wireless connectivity is likely to play a major role in applications such as wearable devices, smart homes, and automobiles. It works with top automobile companies such as Audi, BMW, and GM to drive the concept of connected cars which has GNSS chip integrated in it. The company focuses heavily in R&D and new product launches. Qualcomm Incorporated acquired NXP Semiconductor in 2016, which would help it broaden its product portfolio and customer base. The company has also partnered with the companies such as Honeywell International Inc. (U.S.), Itron, Inc. (U.S.), and General Electric Co. (U.S.) in the smart meter segment.
STMicroelectronics N.V. (Netherlands) designs, develops, manufactures, and markets a wide range of semiconductor integrated circuits and discrete devices. The company is one of the major players in the GNSS market in Europe; it has a well-established track record in the sense and power and automotive products (SP&A) and embedded processing solutions (EPS) businesses. The growth of this company is primarily driven by its organic growth initiatives and focused investments in innovation, customer service, and sales activities. It focuses heavily on R&D initiatives; a major portion of its revenue is invested in R&D. It also focuses strongly on agreements and partnerships with other companies to expand its global presence. For instance, in 2014, the company formed a strategic partnership with Changan Automobile (China) with the setup of the Changan-ST Automotive Electronic Joint Laboratory at the premises of Changan Automotive Engineering. This partnership has extended the cooperation of these companies in automotive electronics, focusing on R&D pertaining to body, infotainment, powertrain, and safety applications to meet the demand in the local automotive electronics market.
The other players involved in the development of GNSS chips include U-Blox Holdings AG (Switzerland), Furuno Electric Co., Ltd. (Japan), Skyworks Solutions, Inc. (U.S.), Quectel Wireless Solutions Co., Ltd. (China), and Navika Electronics (India), among others.
Related Reports:
GNSS Chip Market by Devices (Smartphones, In-Vehicle Systems, Tablets, Personal Navigation), Application (Location-Based Services, Navigation, Telematics, Surveying, Mapping, Timing & Synchronization), Vertical and Geography - Global Forecast to 2022
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