Asia Pacific GNSS Chip Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The Asia Pacific GNSS chip market size is expected to reach US$ 3,524.44 million by 2031 from US$ 1,815.11 million in 2024. The market is estimated to record a CAGR of 9.9% from 2024 to 2031.

Executive Summary and Asia Pacific GNSS Chip Market Analysis:

The APAC GNSS chip market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. The major consumer electronics manufacturers in APAC are launching innovative chips/products that need real-time data for tracking locations using various devices, including smartphones, wearable devices, and tablets. For instance, in July 2023, Mobileye introduced the world's first vision-only intelligent speed assist (ISA) solution for automakers, following certification and testing across Europe. The camera-only solution, launched in production vehicles in 2024, assists global automakers in meeting new EU general safety regulations (GSR), needing automatic sensing of speed limits in new vehicle models without depending on third-party maps and GPS data. Additionally, in December 2023, Airoha Technology, specializing in fixed broadband network infrastructure and advanced Artificial Intelligence of Things, launched the AG3335MA satellite positioning chip series, which passed the AEC-Q100 Grade 2 reliability qualification tests for automotive applications. The company also successfully integrated this series of chips with its parent company, MediaTek, and its Dimensity Auto platform, providing highly integrated solutions and technical testing services to automotive manufacturers worldwide. Therefore, the launch of innovative products fuels the demand for GNSS chip in the consumer electronics sector in APAC.

The presence of several GNSS chip manufacturers, including Intel Corporation; MediaTek Inc.; Qualcomm Technologies; FURUNO ELECTRIC CO.; Broadcom, Inc.; STMicroelectronics; Hexagon AB; Septentrio N.V.; U-Blox Holding AG; QUECTEL WIRELESS SOLUTIONS CO.; and HEMISPHERE GNSS in the region is also contributing to the adoption of GNSS chip. 

Asia Pacific GNSS Chip Market: Strategic Insights

Asia Pacific GNSS Chip Market Segmentation Analysis:

Key segments that contributed to the derivation of the Asia Pacific GNSS chip market analysis are device, application, and vertical.

• Based on device, the Asia Pacific GNSS chip market is segmented into smartphones, tablets, personal navigation devices, in-vehicle systems, and others. The smartphones segment held the largest share of the market in 2024.

• By application, the Asia Pacific GNSS chip market is segmented into navigation and location-based services, mapping and surveying, telematics, timing and synchronization, and others. The navigation and location-based services segment held the largest share of the market in 2024.

• Based on vertical, the Asia Pacific GNSS chip market is segmented into consumer electronics, automotive and transportation, military and defense, marine, and others. The consumer electronics segment held the largest share of the market in 2024.

Asia Pacific GNSS Chip Market Players Density: Understanding Its Impact on Business Dynamics

The Asia Pacific GNSS Chip Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Asia Pacific GNSS Chip Market Outlook

Real-time, accurate location data is crucial for various navigation and mapping applications, including ride-hailing services, delivery drones, and precise driving directions. GNSS chip enable these applications by providing real-time positioning information. High accuracy in surveying operations can be attained with the help of sophisticated data processing software, integrated sensor systems, and high-end GNSS receivers with multi-constellation and multi-frequency capabilities. GNSS surveying technologies offer a wide range of accuracy levels and approaches to satisfy the needs of many applications. Single point positioning (SPP) offers simple location; real-time kinematic (RTK) and post-processing kinematic (PPK) offer centimeter-level precision, and differential global positioning system (DGPS) enhances accuracy. Owing to its lower latency and real-time corrections, RTK stands out as the most accurate approach. Through the utilization of various GNSS surveying techniques, experts can guarantee precise outcomes for their projects. In addition, several manufacturers are launching GNSS devices to provide accurate positioning and heading information across various applications, including autonomous mining trucks, intelligent ports, and mapping autonomous buses. For example, in May 2024, ComNav Technology launched the M100X GNSS receiver, which was built using the Quantum-III SoC Chip to provide full-constellation and multi-frequency capabilities and specifically engineered for high-accuracy vehicular positioning and heading. Such product launches for real-time accuracy foster the demand for GNSS chip. Thus, the surging need for real-time, accurate data drives the GNSS chip market growth.

Asia Pacific GNSS Chip Market Country Insights

Based on country, the Asia Pacific GNSS chip market comprises China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. China held the largest share in 2024.

The demand for the GNSS chip market is growing in China due to the rising use of GNSS chip in several sectors including aerospace, defense, consumer electronics, automotive, and others. For instance, in May 2022, China's BeiDou Navigation Satellite System (BDS) is a two-way communication system, used for remote sensing. The expansion of BDS network for remote sensing application and growing demand in a variety of applications in industries such as transportation, mobile communications, and logistics is fueling market growth.

Asia Pacific GNSS Chip Market Company Profiles

Some of the key players operating in the market include Qualcomm Inc, Broadcom Inc, Septentrio NV, Trimble Inc, Furuno Electric Co Ltd, MediaTek Inc, STMicroelectronics NV, Skyworks Solutions Inc, u-blox Holding AG, and Quectel Wireless Solutions Co Ltd, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Asia Pacific GNSS Chip Market Research Methodology:

The following methodology has been followed for the collection and analysis of data presented in this report:

Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.

• Industry trade journals and other relevant publications.

• Government documents, statistical databases, and market reports.

• News articles, press releases, and webcasts specific to companies operating in the market.

Note:

All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.

• Enhance the expertise and market understanding of the analysis team.

• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers

• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise