Global GPS (Global Positioning System) Chips Market, By Product Type (Simple Type, Professional Type, Others), Application (Navigation, Mobile Phone, Others), End User (Consumer Electronics, Automotive, Military and Defence, Transportation, Aerospace, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the GPS (global positioning system) chips market will exhibit a CAGR of 20.3% for the forecast period of 2021-2028 and will reach USD 413971.1 million by 2028.
GPS (global positioning system) chips are defined as a type of GPS solution. The growing demand for digitalization in the industrial applications is driving up the market for GPS (global positioning system) chips. The GPS chips are utilized to receive satellite based GPS signal. The chips may communicate data to the controlling devices such as mobile phone or computer. In most cases, a GPS tracking application is installed to view the chip’s location. GPS chips are becoming smaller and lighter, allowing them to be integrated into almost any device.
Growth consumption and manufacturing of smart phones along with the rise in the demand of tracking devices and security systems are the major factors attributable to the growth of GPS (global positioning system) chips market. Furthermore, rise in the commercial vehicles and surge in the adoption of digital media act as driving factors that will enhance the market growth rate. Growing demand of smartphones, tablets and numerous other digital devices will further create beneficial opportunities for the growth of the market.
However, poor satellite signal in urban areas and the impact of non-standard products as well as various environment factors will act as restraints for the growth of GPS (global positioning system) chips market. lack of knowledge about the utilization of GPS chips will further challenge the growth of the market.
This GPS (global positioning system) chips market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on GPS (global positioning system) chips market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global GPS (Global Positioning System) Chips Market Scope and Market Size
The GPS (global positioning system) chips market is segmented on the basis of product type, application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- The GPS (global positioning system) chips market on the basis of product type is segmented into simple type, professional type and others.
- Based on application, the GPS (global positioning system) chips market is segmented into navigation, mobile phone and others.
- On the basis of end-user, the GPS (global positioning system) chips market is segmented into consumer electronics, automotive, military and defence, transportation, aerospace and others.
GPS (Global Positioning System) Chips Market Country Level Analysis
The GPS (global positioning system) chips market is analyzed and market size, volume information is provided by country, product type, application and end-user as referenced above.
The countries covered in the GPS (global positioning system) chips market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the GPS (global positioning system) chips market and will continue to flourish its trend of dominance during the forecast period due to the technological advancement and high disposable income in this region. Asia-Pacific will however, register the highest CAGR for this period due to the growing demand for digital devices and presence of the developing countries in this region.
The country section of the GPS (global positioning system) chips market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and GPS (Global Positioning System) Chips Market Share Analysis
The GPS (global positioning system) chips market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to GPS (global positioning system) chips market.
The major players covered in the GPS (global positioning system) chips market report are Unictron Technologies Corporation., Broadcom, SPK ELECTRONICS CO., LTD. Maxim Integrated, SparkFun Electronics, FURUNO ELECTRIC CO. LTD., ROADPOINT LIMITED, Skyworks Solutions, Inc., SkyTraq Technology, Inc., Central Electronics Limited, NovAtel Inc., ROAD POINT INDIA, Isecuro, ESINO, SHENZHEN ZHONGHE ELECTRONIC CO. LTD., OriginGPS Ltd., Shenzhen Dragon Bridge Technology Co., Ltd, VLSI Solution Oy, Analog Devices, Inc., Shenzhen Eelink Communication Technology Co., Ltd., ThinkRace Technology, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.