Report : Europe GNSS Chip Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Device (Smartphones, Tablets, Personal Navigation Devices, In-Vehicle systems, and Others), Application (Navigation & Location-Based Services, Mapping, Surveying, Telematics, Timing and Synchronization, and Others), and Vertical (Consumer Electronics, Automotive & Transportation, Military & Defense, Marine, and Others)
Smartphones Segment to Dominate Europe GNSS Chip Market Forecast to 2028 during 2019–2028
According to a new market research study on “The Europe GNSS Chip Market– by Device, Application Vertical and Country is expected to reach US$ 2,069.32 million by 2028 from US$ 1,481.02 million in 2021. The market is estimated to grow at a CAGR of 4.9% from 2019 to 2028. The report provides trends prevailing in the Europe GNSS chip market along with the drivers and restraints pertaining to the market growth Rising demand for 5 G Network and high speed internet and growing use of GNSS chips in consumer electronic devices the major factor driving the growth of the Europe GNSS chip market . However, issues associated with the increase in jamming & spoofing attacks the growth of Europe GNSS chip market.
The Europe GNSS Chip Market segmented into device, application and vertical and country .Based on device The Europe GNSS chip market is segmented smartphones, tablets, personal navigation devices, in-vehicle systems, others. The smartphones segment is dominated Europe GNSS Chip Market in 2020.Based on Vertical the Europe GNSS chip market segmented into consumer electronics, automotive & transportation, military and defense, marine and others. The consumer electronics segment Europe GNSS chip market dominated vertical in 2020.Based on application the Europe GNSS chip market segmented into navigation & location-based services, mapping, surveying, telematics, timing and synchronization, and others. The navigation & location-based services segment the Europe GNSS Chip Market Dominated in 2020.Based on Country, The Europe GNSS chip market segmented in Germany, UK, Italy, France, Russia and Rest of Europe. The Germany is dominated the Europe GNSS chip market in 2020.
Intel Corporation, MediaTek Inc., Qualcomm Technologies Inc. FURUNO ELECTRIC CO., LTD. T of Broadcom, Skywork, STMicroelectronics, Hexagon AB, Trimble Inc., Septentrio N.V, u-blox Holding AGs, HEMISPHERE GNSS are among the leading companies in the Europe GNSS chip market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in Colorado.2021 STMicroelectronics launched an automotive GNSS receiver- STA8135GA. It is designed to provide high quality position data required by advanced driving systems.
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