Nano GPS Chip Market Trends and Forecast
The future of the global nano GPS chip market looks promising with opportunities in the industry and commercial markets. The global nano GPS chip market is expected to reach an estimated $17.1 billion by 2030 with a CAGR of 12.3% from 2024 to 2030. The major drivers for this market are increasing demand for precise location tracking and navigation in IoT, automotive, and aerospace industries, growing applications in wearable devices, drones, and asset tracking systems, and technological advancements enabling the development of smaller, more efficient nano GPS chips.
• Lucintel forecasts that low power is expected to witness higher growth over the forecast period.
• Within this market, industry is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Nano GPS Chip Market
• United States - Apple announced the development of nano GPS chips for improved location accuracy in its wearable devices. The US government allocated funds for research in nano GPS chip technology, aiming to enhance national security and emergency response capabilities.
• China - Huawei revealed plans to integrate nano GPS chips into its smartphones for precise location tracking. The Chinese government set targets to promote the adoption of nano GPS technology in transportation and logistics sectors, aiming for improved efficiency and safety.
• Germany - Bosch launched a research project to develop nano GPS chips for autonomous vehicles, targeting enhanced navigation and obstacle detection capabilities. The German government unveiled subsidies to incentivize the adoption of nano GPS technology in automotive manufacturing for sustainable transportation solutions.
• India - ISRO announced initiatives to develop indigenous nano GPS chips for satellite navigation systems. Indian government introduced incentives to support domestic production of nano GPS chips, aiming to enhance national security and self-reliance in critical technology sectors.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Nano GPS Chip Market by Segment
The study includes a forecast for the global nano GPS chip market by type, application, and region.
Nano GPS Chip Market by Type [Value from 2018 to 2030]:
• Low Power
• Sensitive
Nano GPS Chip Market by Application [Value from 2018 to 2030]:
• Industry
• Commercial
Nano GPS Chip Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Nano GPS Chip Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies nano GPS chip companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the nano GPS chip companies profiled in this report include-
• Shenzhen Esino Technology
• Shenzhen Zhonghe Electronics
• Dragon Bridge
• VLSI Solution
• Analog Devices
• Fujitsu
• Olinkstar
Recent Development in the Nano GPS Chip Market
• Apple: Apple announced the development of nano GPS chips for improved location accuracy in its wearable devices, aiming to enhance user experience and enable more precise tracking features.
• Huawei: Huawei revealed plans to integrate nano GPS chips into its smartphones for precise location tracking, aiming to improve navigation capabilities and enhance user convenience in various applications.
• Bosch: Bosch launched a research project to develop nano GPS chips for autonomous vehicles, targeting enhanced navigation and obstacle detection capabilities, contributing to advancements in automotive safety and automation technologies.
• ISRO: ISRO announced initiatives to develop indigenous nano GPS chips for satellite navigation systems, aiming to enhance national security and self-reliance in critical technology sectors, driving innovation in satellite-based navigation solutions.
Features of the Global Nano GPS Chip Market
Market Size Estimates: Nano GPS chip market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Nano GPS chip market size by type, application, and region in terms of value ($B).
Regional Analysis: Nano GPS chip market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the nano GPS chip market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the nano GPS chip market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the nano GPS chip market size?
Answer: The global nano GPS chip market is expected to reach an estimated $17.1 billion by 2030.
Q2. What is the growth forecast for nano GPS chip market?
Answer: The global nano GPS chip market is expected to grow with a CAGR of 12.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the nano GPS chip market?
Answer: The major drivers for this market are increasing demand for precise location tracking and navigation in IoT, automotive, and aerospace industries, growing applications in wearable devices, drones, and asset tracking systems and technological advancements enabling the development of smaller, more efficient nano GPS chips.
Q4. What are the major segments for nano GPS chip market?
Answer: The future of the nano GPS chip market looks promising with opportunities in the industry and commercial markets.
Q5. Who are the key nano GPS chip market companies?
Answer: Some of the key nano GPS chip companies are as follows:
• Shenzhen Esino Technology
• Shenzhen Zhonghe Electronics
• Dragon Bridge
• VLSI Solution
• Analog Devices
• Fujitsu
• Olinkstar
Q6. Which nano GPS chip market segment will be the largest in future?
Answer: Lucintel forecasts that low power is expected to witness higher growth over the forecast period.
Q7. In nano GPS chip market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the nano GPS chip market by type (low power and sensitive), application (industry and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Nano GPS Chip Market Market, Nano GPS Chip Market Market Size, Nano GPS Chip Market Market Growth, Nano GPS Chip Market Market Analysis, Nano GPS Chip Market Market Report, Nano GPS Chip Market Market Share, Nano GPS Chip Market Market Trends, Nano GPS Chip Market Market Forecast, Nano GPS Chip Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.