Smartphones Segment to Dominate APAC GNSS Chip Market Forecast to 2028 during 2019–2028
According to The Insight Partners market research study on “The APAC GNSS chip market Forecast to 2028 – by Device, Application , Vertical and Country is expected to reach US$ 3,228.38 million by 2028 from US$ 2,237.16 million in 2021. The market is estimated to grow at a CAGR of 5.7% from 2019 to 2028. The report provides trends prevailing in the APAC GNSS chip market along with the drivers and restraints pertaining to the market growth Rising demand for 5 G network and high speed internet and growing use of GNSS chips in consumer electronic devices the major factor driving the growth of the APAC GNSS chip market . However, issues associated with the Increase in jamming & spoofing attacks the growth of APAC GNSS chip market.
The APAC GNSS chip market is segmented into device, application, vertical and country. Based on device The APAC GNSS chip market is segmented smartphones, tablets, personal navigation devices, In-Vehicle systems, others. The smartphones segment is dominated APAC GNSS chip market in 2020. Based on Vertical the APAC GNSS chip market segmented into consumer electronics, automotive & transportation, military and defense, marine and others. The consumer electronics segment APAC GNSS chip market dominated vertical in 2020.Based on application the APAC GNSS chip market segmented into navigation & location-based services, mapping, surveying, telematics, timing and synchronization, and others. The navigation & location-based services segment the APAC GNSS chip market dominated in 2020. Based on Country, The APAC GNSS chip market segmented in China, India, Japan, South Korea and Rest of APAC. The China is dominated the APAC GNSS chip market in 2020.
Intel Corporation, MediaTek Inc., Qualcomm Technologies, Inc. FURUNO ELECTRIC CO., LTD. T of Broadcom, Skywork, STMicroelectronics, Hexagon AB, Trimble Inc., Septentrio N.V, u-blox Holding AGs, HEMISPHERE GNSS are among the leading companies in the APAC GNSS chip market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in Colorado.2021 Septentrio launched Mosaic Timer Module. It is wireless or simply mow module receiver. The company launched to expand its GPS/GNSS Module Receivers' portfolio.
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