GNSS Chip Market will register a 7.3% CAGR in terms of revenue 2018-2024 |
Global Navigation Satellite System (GNSS) is the infrastructure that allows users with a compatible device to determine their position, velocity and time by processing signals from satellites. GNSS signals are provided by a variety of satellite positioning systems, including global and regional constellations and Satellite-Based Augmentation Systems: 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.
Leading Key Players: Qualcomm, Broadcom, Mediatek, u-blox, STM, Intel Corporation, Furuno Electric, Quectel Wireless Solutions, Navika Electronics, and More