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Home | Search Global IT News: IT News & Press Release Distribution: GNSS Chip Market expected to worth 5.22 Billion USD by 2022   MarketsandMarkets (IT-NEWSWIRE.COM, March 04, 2017 ) According to the new market research report, "GNSS Chip Market by Devices (Smartphones, In-Vehicle Systems, Tablets, Personal Navigation), Application (Location-Based Services, Navigation, Telematics, Surveying, Mapping, Timing & Synchronization), Vertical and Geography - Global Forecast to 2022", the GNSS chip market is expected to be valued at USD 5.22 billion by 2022, growing at a CAGR of 7.9% between 2016 and 2022. Browse 70 market data tables and 70 figures spread through 169 pages and in-depth TOC on "GNSS Chip Market". http://www.marketsandmarkets.com/Market-Reports/gnss-chip-market-188819977.html Early buyers will receive 10% customization on this report. Some of the factors driving the growth of the GNSS chip market include the high penetration of electronic, wearable, and connecting devices; increasing demand for accurate and real-time data; rising demand for high-speed Internet and network coverage such as 4G/5G; and growing popularity of IoT. Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=188819977 “Smartphones to hold the largest size of the overall GNSS chip market during the forecast period“ Smartphones held the largest size of the GNSS chip market in 2015. GNSS chips in smartphones are used for applications such as location-based services (LBS), online games, and mobile geographic information systems (GISs), among others. Smartphones are expected to hold the largest size of the GNSS chip market during the forecast period due to the increasing demand in developing countries and the need for real-time information pertaining to the exact location of vehicles, individuals, and other assets. With the growing demand for smartphones, personal navigation devices, , and tablets, among others, are now equipped with GPS/GNSS receiver chips and navigation software to enable the users to navigate from one place to other. Due to the miniaturization of smartphones, the demand for GNSS chips is increasing. Also, the miniaturization of GNSS chips enables the chips to get integrated in small as well highly sensitive devices. “Location-based services (LBS) to hold the largest share of the GNSS market by 2022” The LBS application is expected to dominate the global GNSS chip market between 2016 and 2022. LBS are the most widely used applications in various devices such as smartphones, tablets, wearable devices, in-vehicle systems, and personal navigation devices. In addition, technological innovations and miniaturization of electronic devices have led to the increased demand for GNSS chips for consumer electronics products such as tablets, smartphones, laptops, and digital cameras, among others. LBS, on the basis of application, can be categorized into mapping, discovery and infotainment, emergency support and disaster management, leisure and social networking, location-based advertising, location-based games and augmented reality, and tracking, among others. All the aforementioned factors are driving the growth of the market for location-based services. “GNSS chip market in APAC expected to grow at a high rate between 2016 and 2022” APAC is expected to be the fastest-growing market for GNSS chip during the forecast period. This market growth can be attributed to the growth in the construction industry and the development of the transportation infrastructure in this region. The major factors responsible for the growth of these sectors include the rapid urbanization and growing population. The construction industry in APAC would continue to account for the largest share of the GNSS chip market in the coming years. Due to the increasing adoption of IoT and portable consumer electronics devices in countries such as China, Japan, and South Korea, the GNSS chip market in APAC is expected to grow at a high rate. Report Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=188819977 The key players operating in the GNSS chip market include Qualcomm Incorporated (U.S.), STMicroelectronics N.V. (Switzerland), Intel Corporation (U.S.), Mediatek Inc. (Taiwan), U-Blox Holdings AG (Switzerland), Broadcom Corporation (U.S.), Furuno Electric Co., Ltd. (Japan), Skyworks Solutions, Inc. (U.S.), Quectel Wireless Solutions Co., Ltd. (China), and Navika Electronics (India). About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. 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