(GNSS) Global Navigation Satellite System Chip Market Size to Grow Significantly Via Automotive Sector By 2025
Category: #tech  By Partha Ray  Date: 2019-08-14
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(GNSS) Global Navigation Satellite System Chip Market Size to Grow Significantly Via Automotive Sector By 2025

The automotive sector is one of the major industries contributing to the global navigation satellite system chip market growth. With the emergence of automobiles enabled with innovative functionalities, the integration of GPS has been a common factor. This system is immensely benefiting the autonomous driving technology, which will help to determine lane and directions and to navigate in different directions. The users can track live locations and get accurate locations with the help of these satellite systems. Therefore, this sector is accelerating the demand for GNSS chips.

The increasing demand for unmanned aerial vehicles is one of the major emerging trends driving the global navigation satellite system chip market growth. An unmanned aerial vehicle is a system or aircraft remotely operated by an autonomous computer, which has found its way to several applications for monitoring, real-time assessment, and mapping of large-scale areas. Mapping of areas affected by natural disasters is one of the major applications of UAVs, creating a demand for GNSS chips.

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One of the factors acting as a hindrance in the growth of the global navigation satellite system chip market is the high-power consumption by these systems. Most systems do not survive for a longer duration, which requires frequent recharge and change of battery, resulting in much higher costs.  Another challenge in the GNSS chip market is the lack of precision and robustness, which is not suitable for emerging advancements in the automotive sector such as autonomous driving.

These systems provide poor coverage, where large structures such as tall buildings act as hurdles, in providing accurate information resulting in the rise of multipath interference of signals. In addition, these satellite signals are also vulnerable to cyber-attacks, where signals can be manipulated and spoofed. Therefore, measures are being taken to provide authentication to these signals. Many big players in the industry are emerging with technologies to tackle these barriers affecting the global navigation satellite system chip market.

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With advancements in digitalization, these components are being integrated into several electronic products including smartphones, digital cameras, tablets, laptops, smart devices, etc. These systems are now being extensively used in wearable devices and the IoT (Internet of Things). The demand from the electronics sector is also expected to increase the demand in the global navigation satellite system chip market. For instance, fitness bands are integrated with these systems to give precise locations to the user even while walking, running, or driving. Users can track and navigate locations without any manual help. With this location tracking application, the user can determine the location and whereabouts of their closed ones.

The global navigation satellite system chip market is propelled by regions such as Europe, Russia, the U.S., and China, who have their own satellite systems. Europe’s satellite navigation system, Galileo, has the maximum number of satellites with high frequencies. Automotive industries in Europe have an increasing demand for new technology applications. More and more applications integrated with navigation systems are being introduced, driving a high demand in the GNSS chip market.

Methodology used in the Global Navigation Satellite System Chip Market Report –

Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the global navigation satellite system chip market. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the global navigation satellite system chip market
  • Demographics and statistical data

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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