What is Mobile Phone GNSS Chipset - Global Market?
The Mobile Phone GNSS (Global Navigation Satellite System) Chipset market is a crucial segment within the broader semiconductor industry, focusing on the technology that enables smartphones to determine their geographical location. These chipsets are integral to the functioning of GPS, GLONASS, Galileo, and other satellite navigation systems, providing users with precise location data. As smartphones have become ubiquitous, the demand for GNSS chipsets has surged, driven by the increasing reliance on location-based services such as navigation, ride-sharing, and location-based advertising. The global market for these chipsets was valued at approximately US$ 2,681 million in 2023 and is projected to grow significantly, reaching an estimated US$ 4,540.1 million by 2030. This growth is expected to occur at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2030. The market's expansion is fueled by advancements in technology, the proliferation of smartphones, and the growing importance of location-based services in everyday life. As the market evolves, manufacturers are focusing on enhancing the accuracy, efficiency, and power consumption of GNSS chipsets to meet the demands of modern mobile applications.
High Precision, Standard Precision in the Mobile Phone GNSS Chipset - Global Market:
High precision and standard precision are two key categories within the Mobile Phone GNSS Chipset market, each serving different needs and applications. High precision GNSS chipsets are designed to provide extremely accurate location data, often within a few centimeters. These chipsets are essential for applications that require precise positioning, such as autonomous vehicles, precision agriculture, and advanced surveying. The demand for high precision GNSS chipsets is growing as industries increasingly rely on accurate location data to enhance operational efficiency and safety. On the other hand, standard precision GNSS chipsets offer location accuracy within a few meters, which is sufficient for most consumer applications such as navigation, fitness tracking, and location-based services. These chipsets are more cost-effective and consume less power, making them ideal for everyday smartphone use. The global market for GNSS chipsets is witnessing a shift towards high precision solutions, driven by technological advancements and the increasing adoption of applications that require precise location data. However, standard precision chipsets continue to dominate the market due to their widespread use in consumer electronics. As the market evolves, manufacturers are investing in research and development to enhance the accuracy and efficiency of both high precision and standard precision GNSS chipsets. This includes the integration of advanced technologies such as multi-frequency support, improved signal processing algorithms, and enhanced satellite connectivity. The growing demand for high precision GNSS chipsets is also leading to increased competition among manufacturers, resulting in innovations and improvements in chipset design and performance. Despite the focus on high precision solutions, standard precision GNSS chipsets remain a critical component of the market, catering to the vast majority of smartphone users who rely on location-based services for everyday activities. The balance between high precision and standard precision GNSS chipsets is crucial for the continued growth and development of the Mobile Phone GNSS Chipset market, as it ensures that the diverse needs of consumers and industries are met.
IOS Phone, Android Phone in the Mobile Phone GNSS Chipset - Global Market:
The usage of Mobile Phone GNSS Chipsets in iOS and Android phones is a testament to the technology's integral role in modern smartphones. Both iOS and Android platforms rely heavily on GNSS chipsets to provide users with accurate and reliable location data, which is essential for a wide range of applications. In iOS phones, GNSS chipsets are used to power Apple's location services, enabling features such as Maps, Find My, and location-based reminders. These chipsets work seamlessly with Apple's ecosystem, providing users with precise location data that enhances the functionality of various apps and services. The integration of GNSS chipsets in iOS devices is designed to optimize performance and power efficiency, ensuring that users receive accurate location data without compromising battery life. Similarly, Android phones utilize GNSS chipsets to support Google's location services, which are integral to apps like Google Maps, Google Photos, and location-based notifications. Android's open platform allows for a wide range of GNSS chipset manufacturers to supply components, resulting in a diverse market with varying levels of precision and performance. This diversity enables Android devices to cater to different consumer needs, from basic navigation to advanced location-based applications. The competition among GNSS chipset manufacturers has led to significant advancements in technology, resulting in improved accuracy, faster signal acquisition, and better power management. Both iOS and Android platforms benefit from these advancements, as they enhance the user experience by providing more reliable and efficient location services. The widespread adoption of GNSS chipsets in smartphones has also paved the way for innovative applications that leverage location data, such as augmented reality, geofencing, and location-based advertising. As the demand for location-based services continues to grow, the role of GNSS chipsets in iOS and Android phones will become increasingly important. Manufacturers are focusing on developing chipsets that offer higher precision, better performance, and lower power consumption to meet the evolving needs of smartphone users. The integration of GNSS chipsets in iOS and Android devices is a key factor driving the growth of the Mobile Phone GNSS Chipset market, as it underscores the technology's essential role in enabling modern mobile applications.
Mobile Phone GNSS Chipset - Global Market Outlook:
The global market for Mobile Phone GNSS Chipsets was valued at approximately US$ 2,681 million in 2023 and is anticipated to expand to a revised size of US$ 4,540.1 million by 2030, reflecting a compound annual growth rate (CAGR) of 7.8% during the forecast period from 2024 to 2030. In 2021, the semiconductor market experienced robust growth of 26.2%, but the World Semiconductor Trade Statistics (WSTS) adjusted this to a single-digit growth rate for 2022, with the total market size reaching US$ 580 billion, marking a 4.4% increase. The Asia-Pacific region, which is the largest market, saw a decline of 2.0%. In contrast, sales in the Americas reached US$ 142.1 billion, representing a 17.0% year-on-year increase. European sales were US$ 53.8 billion, up 12.6% year-on-year, while sales in Japan were US$ 48.1 billion, up 10.0% year-on-year. However, the Asia-Pacific region, despite being the largest, experienced a 2.0% year-on-year decline, with sales totaling US$ 336.2 billion. This market outlook highlights the dynamic nature of the semiconductor industry and the varying growth rates across different regions, underscoring the importance of GNSS chipsets in the broader market landscape.
| Report Metric | Details |
| Report Name | Mobile Phone GNSS Chipset - Market |
| Forecasted market size in 2030 | US$ 4540.1 million |
| CAGR | 7.8% |
| Forecasted years | 2024 - 2030 |
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| Segment by Application |
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| By Region |
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| By Company | Qualcomm, Broadcom, MediaTek, U-blox, STMicroelectronics, Intel Corporation, Furuno, Quectel Wireless, Navika Electronics |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
