South & Central America GNSS Chip Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The South & Central America GNSS chip market size is expected to reach US$ 314.06 million by 2031 from US$ 222.17 million in 2024. The market is estimated to record a CAGR of 5.1% from 2024 to 2031.

Executive Summary and South & Central America GNSS Chip Market Analysis:

The market in South & Central America (SAM) is segmented into Brazil, Argentina, and the Rest of South & Central America. Consumer electronics is one of the fastest-growing industries as new and innovative technologies emerge in South & Central America. The adoption of GNSS chips is growing in the region as several companies are investing in providing GNSS services. For instance, in January 2024, u-blox (a global provider of leading positioning and wireless communication technology and services) partnered with Nordian (a US precision location technology company providing advanced GNSS hardware solutions and services for the South America market) to expand the PointPerfect GNSS correction service to Brazil, a promising market for high-precision GNSS applications. The collaboration targets precise positioning for diverse applications, including high-precision agriculture, service robots, machinery automation, micro-mobility, and emerging automotive applications such as lane-accurate navigation and telematics. GNSS chips are being increasingly used owing to the growth in several sectors, including consumer solutions, road, manned aviation, drones, maritime, emergency response, rail, agriculture, geomatics, and critical infrastructure.

South & Central America GNSS Chip Market: Strategic Insights

South & Central America GNSS Chip Market Segmentation Analysis:

Key segments that contributed to the derivation of the South & Central America GNSS chip market analysis are device, application, and vertical.

• Based on device, the South & Central America 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 South & Central America 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 South & Central America 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.

South & Central America GNSS Chip Market Players Density: Understanding Its Impact on Business Dynamics

The South & Central America 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.

South & Central America GNSS Chip Market Outlook

Technological advancements in unmanned aerial vehicles (UAVs) and unmanned ground vehicles (UGVs) are taking place at a rapid pace. The demand for UGVs and UAVs is expected to increase due to the emergence of technologies such as sense and avoid systems, artificial intelligence, and cloud computing. Integration of AI in UGVs and UAVs has enhanced their capabilities such as take-off, navigation, data capture, data transmission, and data analysis without human intervention. Implementing a GNSS chip allows UGVs and UAVs to measure precise real-time positioning information. This information plays a vital role in various applications, including surveying, search and rescue, autonomous delivery, mapping, and military combat missions. In addition, UGVs and UAVs are employed in real-life applications such as payload delivery, traffic monitoring, moving objects in a seemingly dangerous environment, and surveillance. The rising usage of UGV and UAV to track location through GNSS technology is anticipated to emerge as a trend in the GNSS chip market during the forecast period. As UGVs and UAVs are increasingly becoming capable of autonomous operation, the need for human intervention is reduced, allowing them to perform tasks more efficiently and safely. Both UGVs and UAVs require high-precision GNSS solutions for efficient navigation. In UAVs, GNSS-enabled autopilot systems maintain stability during flight, avoid obstacles, and follow precise flight paths. Similarly, UGVs rely on GNSS for accurate real-time positioning, obstacle avoidance, and route optimization.

South & Central America GNSS Chip Market Country Insights

Based on country, the South & Central America GNSS chip market comprises Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2024.

The rising popularity of augmented reality (AR) in Brazil is driving the adoption of GNSS, as the system plays a vital role in AR by permitting the establishment of a direct link between the surrounding environment and digital objects. Further, several companies are enhancing GNSS services in Brazil. For instance, in January 2023, Nordian and u-blox announced the extended coverage of the PointPerfect Global Navigation Satellite System (GNSS) correction service to Brazil, a promising market for high-precision GNSS applications. The collaboration between u-blox and Nordian will facilitate precise positioning for diverse applications, including high-precision agriculture, service robots, machinery automation, micro-mobility, and emerging automotive applications (such as lane-accurate navigation and telematics). Thus, considering the above parameters, the GNSS chip market in Brazil is growing.

South & Central America 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.

South & Central America 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