Positioning Chips and Modules Market size is estimated to be USD 8.5 Billion in 2024 and is expected to reach USD 14.2 Billion by 2033 at a CAGR of 6.2% from 2026 to 2033.
The global Positioning Chips and Modules market was valued at approximately USD 2.4 billion in 2022, with a projected compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. The markets growth is attributed to increasing demand for precise location tracking across various applications, including automotive, consumer electronics, and industrial sectors. The North American region held the largest share in 2022, contributing around 35% to the global market due to the strong adoption of GPS and navigation technologies, particularly in the automotive and transportation industries. Europe followed closely, with a market share of approximately 30%, driven by growing investments in smart infrastructure and autonomous vehicle technology. The Asia Pacific region is expected to experience the highest growth during the forecast period, with a CAGR of 9%, spurred by the increasing use of positioning systems in emerging economies such as China and India, as well as the expanding smartphone and wearable device markets. Latin America and the Middle East & Africa are also showing signs of significant market potential, with steady growth expected as adoption rates for GPS enabled devices rise across these regions.
The market for Positioning Chips and Modules is witnessing substantial opportunities driven by technological advancements such as the integration of 5G, Internet of Things (IoT) devices, and autonomous systems. With the increasing demand for high precision positioning in industries such as agriculture, construction, and logistics, there is a notable shift towards more sophisticated chips and modules capable of providing centimeter level accuracy. The growth in smart city projects, as well as the widespread implementation of advanced driver assistance systems (ADAS) in vehicles, is expected to propel the market further. The Asia Pacific region, with its booming tech industry and adoption of cutting edge technologies, is anticipated to lead in terms of both market expansion and innovation in positioning systems.
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Qualcomm Technologies
Inc.
Broadcom
MediaTek
U-blox
ST
Furuno Electric
unicorecomm
MENGXIN TECHNOLOGY
Allystar Technology
Hangzhou Zhongke Microelectronics Co.
Ltd.
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. 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 Positioning Chips and Modules Market
Consumer Electronics
Automotive
Industrial & Manufacturing
Telecommunications
Healthcare
Chips
Modules
Automotive
Aerospace
Energy & Power
Consumer Electronics
Healthcare
Power Management
Data Processing
Signal Processing
Communication
Analog Technology
Digital Technology
Mixed Technology
US (United States, US 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 Positioning Chips and Modules 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 Positioning Chips and Modules Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Positioning Chips and Modules Market, By Type
6. Global Positioning Chips and Modules Market, By Application
7. Global Positioning Chips and Modules Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Positioning Chips and Modules Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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