Smartphones Segment to Dominate North America GNSS Chip market Forecast to 2028 during 2019–2028
According to The Insight Partners market research study on “The North America GNSS Chip market Forecast to 2028 – COVID-19 Impact and Analysis – by Device, Application vertical and countries is expected to reach US$ 2829.76 million by 2028 from US$ 1775.14 million in 2021. The market is estimated to grow at a CAGR of 6.9% from 2021 to 2028. The report provides trends prevailing in the North America 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 North America GNSS chip market. However, issues associated with the Increase in jamming & spoofing attacks the growth of North America GNSS chip market.
The North America GNSS chip market segmented into device, application, vertical and country. The North America GNSS chip market is segmented based on smartphones, tablets, personal navigation devices, in-vehicle systems, and others. The smartphones segment to dominate North America GNSS chip market in 2020.Based on Vertical the North America GNSS chip market segmented into consumer electronics, automotive & transportation, military and defense, marine, and others. The consumer electronics segment North America GNSS chip market Dominated Vertical in 2020. Based on Application the North America GNSS chip market segmented into navigation & location-based services, mapping, surveying, telematics, timing and synchronization, and others. The navigation & location-based services segment the North America GNSS chip market Dominated in 2020.Based on Country, The North America GNSS chip market segmented in US, Mexico, Canada. The US segment is dominated the North America GNSS chip market in 2020.
Intel Corporation, MediaTek Inc. Qualcomm Technologies, Inc. FURUNO ELECTRIC CO.LTD. Broadcom, Skywork, Solutions, STMicroelectronics, Hexagon AB, Trimble Inc., Septentrio N.V, u-blox Holding AGs, HEMISPHERE GNSS are among the leading companies in the North America 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 Trimble Inc. introduced Maxwell Technology, which has high accuracy, availability & integrity of the company's precision positioning solutions. It is derived from the set of hardware & software innovations. At the core of the technology is the Maxwell 7 baseband GNSS Application-Specific integrated Circuit.
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