United States GNSS Chips & Modules Market Outlook and Forecast 2024-2030

United States GNSS Chips & Modules Market was valued at US$ 1.23 billion in 2024 and is projected to reach US$ 2.01 billion by 2030, at a CAGR of 8.5% during the forecast period 2024-2030.

Integrated circuits and modules that process signals from Global Navigation Satellite Systems for positioning and timing applications.

Strong growth driven by increasing adoption of location-based services and IoT devices. Rising demand for high-precision GNSS solutions in autonomous vehicles and drones. Advancements in multi-constellation GNSS technology improving accuracy and reliability.

This report contains market size and forecasts of GNSS Chips & Modules in United States, including the following market information:
•    United States GNSS Chips & Modules Market Revenue, 2019-2024, 2024-2030, ($ millions)
•    United States GNSS Chips & Modules Market Sales, 2019-2024, 2024-2030,
•    United States Top five GNSS Chips & Modules companies in 2023 (%)

Report Includes

This report presents an overview of United States market for GNSS Chips & Modules , sales, revenue and price. Analyses of the United States market trends, with historic market revenue/sales data for 2019 – 2023, estimates for 2024, and projections of CAGR through 2030.

This report focuses on the GNSS Chips & Modules sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the United States GNSS Chips & Modules market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•    High Precision GNSS Chips & Modules
•    Standard Precision GNSS Chips & Modules

Segment by Applications

•    Smartphones
•    Tablets
•    Personal Navigation Devices
•    In-Vehicle Systems
•    Wearable Devices
•    Digital Cameras
•    Others

Key Companies covered in this report:

•    Qualcomm Technologies, Inc.
•    Trimble Inc.
•    Broadcom Inc.
•    Garmin Ltd.
•    u-blox America, Inc.
•    Maxim Integrated (now part of Analog Devices, Inc.)
•    Skyworks Solutions, Inc.
•    Texas Instruments Incorporated
•    Laird Connectivity
•    Sierra Wireless

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:
•    Key companies GNSS Chips & Modules revenues in United Statesn market, 2019-2024 (Estimated), ($ millions)
•    Key companies GNSS Chips & Modules revenues share in United Statesn market, 2023 (%)
•    Key companies GNSS Chips & Modules sales in United Statesn market, 2019-2024 (Estimated),
•    Key companies GNSS Chips & Modules sales share in United Statesn market, 2023 (%)

Drivers

1. Growing Demand for Location-Based Services: The proliferation of smartphones, wearables, and IoT devices has significantly increased the demand for location-based services (LBS). Applications such as navigation, mapping, and asset tracking require GNSS chips and modules, driving market growth.
2. Advancements in GNSS Technology: Continuous advancements in GNSS technology, such as multi-constellation support (GPS, GLONASS, Galileo, and BeiDou) and improved accuracy, are enhancing the performance of GNSS chips and modules. These technological innovations make GNSS systems more reliable, encouraging their adoption across various sectors.
3. Expansion of Automotive Applications: The automotive industry is increasingly integrating GNSS technology into vehicles for navigation, fleet management, and autonomous driving applications. The rise of electric vehicles (EVs) and connected cars is further propelling the demand for GNSS chips and modules.
4. Increased Focus on Safety and Security: The growing emphasis on safety and security in various sectors, including transportation and logistics, has led to a higher demand for GNSS-based tracking and monitoring systems. This trend is driving the adoption of GNSS solutions to enhance operational efficiency and ensure safety.

Restraints

1. High Competition and Price Pressure: The GNSS chips and modules market is highly competitive, with numerous players offering similar products. This competition leads to price pressure, which can affect profit margins for manufacturers and limit investments in R&D.
2. Interference and Signal Blockage: GNSS systems are susceptible to interference from physical obstructions (such as tall buildings and dense foliage) and signal jamming. This limitation can affect the reliability and accuracy of GNSS solutions, posing challenges to market growth.
3. Regulatory Challenges: Compliance with government regulations and standards related to navigation systems can pose challenges for manufacturers. Ensuring that products meet regulatory requirements can be complex and costly, particularly for smaller companies.

Opportunities

1. Growth in IoT and Smart City Initiatives: The increasing adoption of IoT devices and smart city initiatives presents significant opportunities for GNSS chips and modules. These technologies require precise location data for applications such as smart transportation systems, environmental monitoring, and infrastructure management.
2. Emerging Markets and Applications: Expanding into emerging markets where GNSS technology is gaining traction can provide growth opportunities. Additionally, sectors such as agriculture, construction, and healthcare are exploring new applications for GNSS solutions, further driving demand.
3. Integration with Advanced Technologies: The integration of GNSS with advanced technologies such as 5G, artificial intelligence (AI), and machine learning can enhance the functionality and performance of GNSS chips and modules. This integration opens up new possibilities for innovative applications and improved accuracy.
4. Focus on Autonomous Systems: The rise of autonomous systems, including drones and robotics, is increasing the demand for precise positioning solutions. GNSS chips and modules play a crucial role in enabling these systems to operate safely and efficiently, providing manufacturers with opportunities to develop specialized solutions.

Challenges

1. Technological Obsolescence: Rapid advancements in technology can render existing GNSS solutions obsolete. Manufacturers must continuously innovate and upgrade their products to stay competitive in the market, which can be resource-intensive.
2. Dependence on Satellite Infrastructure: The reliance on satellite infrastructure for GNSS operations means that any disruptions (e.g., satellite failures or government restrictions) can significantly impact service availability and reliability.
3. Cybersecurity Threats: As GNSS technology becomes increasingly integrated into critical systems, the risk of cyber threats and attacks also rises. Ensuring the security of GNSS solutions against potential cyber vulnerabilities is a significant challenge that manufacturers must address.
4. Consumer Awareness and Education: Despite the growing applications of GNSS technology, there may be a lack of consumer awareness regarding its benefits and functionalities. Educating potential customers about the advantages of GNSS chips and modules can help stimulate demand but requires strategic marketing efforts.

Key Indicators Analysed
•    Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
•    United Statesn Market Analysis: The report includes United Statesn market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
•    Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
•    Opportunities and Drivers: Identifying the Growing Demands and New Technology
•    Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Benefits of This Market Research:
•    Industry drivers, restraints, and opportunities covered in the study
•    Neutral perspective on the market performance
•    Recent industry trends and developments
•    Competitive landscape & strategies of key players
•    Potential & niche segments and regions exhibiting promising growth covered
•    Historical, current, and projected market size, in terms of value
•    In-depth analysis of the GNSS Chips & Modules Market
•    Overview of the regional outlook of the GNSS Chips & Modules Market

Key Reasons to Buy this Report:

•    Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
•    This enables you to anticipate market changes to remain ahead of your competitors
•    You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
•    The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
•    Provision of market value (USD Billion) data for each segment and sub-segment
•    Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
•    Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
•    Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
•    Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
•    The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
•    Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
•    Provides insight into the market through Value Chain
•    Market dynamics scenario, along with growth opportunities of the market in the years to come
•    6-month post-sales analyst support

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