GPS Chips Market was valued at USD 1.25 Billion in 2022 and is projected to reach USD 2.22 Billion by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
The global GPS chips market was valued at approximately $2.8 billion in 2022, reflecting a robust growth trajectory with a compound annual growth rate (CAGR) of 8.5% projected from 2022 to 2027. This growth is driven by the increasing adoption of GPS technology across various sectors, including automotive, consumer electronics, and industrial applications. As GPS chips become integral to enhancing navigation, tracking, and location-based services, the market is poised to expand significantly. Key growth areas include the rise in demand for advanced driver-assistance systems (ADAS) and the proliferation of wearable devices that rely on precise location tracking.
Opportunities within the GPS chips market are abundant, particularly in emerging regions where technological advancements are accelerating. Asia-Pacific, for instance, is anticipated to see substantial growth due to increasing investments in smart infrastructure and the expansion of the automotive sector. Additionally, the growing emphasis on smart cities and IoT (Internet of Things) applications is expected to drive further demand for high-precision GPS solutions. This trend is coupled with advancements in chip technology that promise enhanced accuracy and reduced power consumption, making GPS chips more appealing across various applications.
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SiRF
CSR
Broadcom
U-Blox
Xi'an Aerospace Huaxun Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global GPS Chips Market
Aerospace
Navigation
Mobile Phone
Transport
Measuring
Other
Based on Types the Market is categorized into Below types that held the largest GPS Chips market share In 2023.
Simple Type
Professional Type
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global GPS Chips Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global GPS Chips Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global GPS Chips Market, By Type
6. Global GPS Chips Market, By Application
7. Global GPS Chips Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global GPS Chips Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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