Tablet Segment to Dominate MEA GNSS Chip Market Forecast to 2028 during 2019–2028
According to The Insight Partners market research study on “The MEA GNSS chip market Forecast to 2028 – COVID-19 Impact and Analysis – by Device, Application , Vertical and Country is expected to reach US$ 148.48 million by 2028 from US$ 112.32 million in 2021. The market is estimated to grow at a CAGR of 4.1% from 2019 to 2028. The report provides trends prevailing in the MEA 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 MEA GNSS chip market. However, issues associated with the Increase in jamming & spoofing attacks the growth of MEA GNSS chip market.
The MEA GNSS chip market is segmented into device, application, vertical and country. Based on device The MEA GNSS chip market is segmented smartphones, tablets, personal navigation devices, in-vehicle systems, others. The tablet segment is dominated MEA GNSS chip market in 2020. Based on Vertical the MEA GNSS chip market segmented into consumer electronics, automotive & transportation, military and defense, marine and others. The consumer electronics segment MEA GNSS chip market dominated vertical in 2020.Based on application the MEA GNSS chip market segmented into navigation & location-based services, mapping, surveying, telematics, timing and synchronization, and others. The navigation & location-based services segment the MEA GNSS chip market dominated in 2020. Based on Country, The MEA GNSS chip market segmented in South Africa, UAE and Rest of MEA. The South Africa is dominated the MEA GNSS chip market in 2020.
Intel Corporation, MediaTek Inc., Qualcomm Technologies, Inc. FURUNO ELECTRIC CO., LTD,Broadcom Solution, Skyworks, STMicroelectronics, Trimble Inc., Septentrio N.V, u-blox Holding AGs are among the leading companies in the MEA 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.2021 Qualcomm and Alps Alpine Advance Lane-Level Vehicle positioning in GNSS Challenged Environments for Enhanced Driver Safety & Convenience with New Camera-based positioning Technology "ViewPose"
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