At 5.7% CAGR, Middle East & Africa GNSS Chip Market is Projected to be Worth US$ 439.49 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa GNSS chip market was valued at US$ 282.00 million in 2022 and is expected to reach US$ 439.49 million by 2030, registering a CAGR of 5.7% from 2022 to 2030. Growing use of IoT technology in autonomous vehicles and rising adoption of technological advancements such as big data and augmented reality are among the critical factors attributed to the Middle East & Africa GNSS chip market expansion.

IoT technologies help the automotive industry create innovative and advanced solutions such as advanced driver-assistance systems (ADAS), connected car solutions, in-vehicle infotainment systems, and navigation and telematics solutions. Navigation systems are being deployed mainly in vehicles for tracking purposes and to display maps that offer information about speed, location, direction, nearby streets, and points of interest. IoT-enabled cars have GNSS chips integrated into them, which help drivers drive efficiently, and concerned agencies can track their location in case of emergencies. In October 2023, u-blox launched the U-safe functional safety solution specifically tailored for vehicle positioning to move toward an autonomous future. This leans on components tested and trusted in driver navigation systems, providing Tier 1 suppliers and Original Equipment Manufacturers (OEMs) with a dependable ADAS positioning tool. This caters to ADAS Level 3 and above, ensuring functionality and safety, while Level 2+ systems can utilize it to prepare for higher automation levels. In addition, in January 2021, Qualcomm Technologies, Inc. and Alps Alpine Co., Ltd. announced a camera-based sensing and positioning device called ViewPose to support absolute lane-level vehicle positioning.

Moreover, the idea of autonomous vehicles sharing roads is becoming a reality due to advances in positioning and sensor integration. Fully autonomous vehicle needs an accurate localization solution to drive appropriately. High-precision GNSS technology provides the reliability, accuracy, and availability that a vehicle requires to be self-driving. Thus, the rise in the demand for IoT-enabled cars will create an opportunity for Middle East & Africa GNSS chip market players to strengthen their presence in the automotive sector in the coming years.

On the contrary, low accuracy of signals in underground and indoor environments hampers the growth of Middle East & Africa GNSS chip market.

Based on device, the Middle East & Africa GNSS chip market is segmented into smartphones, tablets, personal navigation devices, in-vehicle systems, and others. The smartphones segment held 56.0% share of the Middle East & Africa GNSS chip market in 2022, amassing US$ 157.82 million. It is estimated to garner US$ 230.78 million by 2030 to expand at 4.9% CAGR during 2022–2030.

In terms of application, the Middle East & Africa 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 57.5% share of the Middle East & Africa GNSS chip market in 2022, amassing US$ 162.19 million. It is estimated to garner US$ 254.45 million by 2030 to expand at 5.8% CAGR during 2022–2030.

By vertical, the Middle East & Africa GNSS chip market is segmented into consumer electronics, automotive & transportation, military & defense, marine, and others. The consumer electronics segment held 44.2% share of Middle East & Africa GNSS chip market in 2022, amassing US$ 124.70 million. It is predicted to garner US$ 197.87 million by 2030 to expand at 5.9% CAGR during 2022–2030.

Based on country, the Middle East & Africa GNSS chip market is categorized into South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. Saudi Arabia held 42.1% share of Middle East & Africa GNSS chip market in 2022, amassing US$ 118.77 million. It is projected to garner US$ 203.05 million by 2030 to expand at 6.9% CAGR during 2022–2030.

Key players operating in the Middle East & Africa GNSS chip market are Qualcomm Inc, Broadcom Inc, Trimble Inc, Furuno Electric Co Ltd, MediaTek Inc, STMicroelectronics NV, and u-blox Holding AG, among others.

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