According to The Insight Partners' research, the North America GNSS chip market was valued at US$ 1,605.01 million in 2024 and is expected to reach US$ 2,766.38 million by 2031, registering a CAGR of 8.1% from 2024 to 2031. Rising demand for 5G network & high-speed internet and application of GNSS in UGVs and UAVs are among the critical factors attributed to the North America GNSS chip market expansion.
5G networks offer faster data speeds and lower latency, which allow GNSS chips to provide more accurate and real-time location data, benefiting applications such as navigation and mapping. The demand for location-based services (LBS) is increasing due to these key advantages. Global navigation satellite system (GNSS) has been the source for accurate positioning of user devices as a result of the system's ability to enable cellular communication to offer mobile network operators various approaches to determining user's location. Many mobile network operators have announced the deployment of 5G networks in urban areas. In April 2023, the telco launched 5G services for its 68 million prepaid users in Mexico, extending the benefits of 5G to over 80 million Telcel customers. Due to the increase in number of 5G base stations, the requirement for higher-level timing accuracy to secure stable connections over 5G networks is also increasing. The Quectel L26-T module can deliver 6.8 nanosecond timing accuracy and meet stringent timing synchronization requirements with 5G networks. Thus, the rising demand for 5G networks and high-speed internet is significantly driving the growth of the GNSS chip market.
On the contrary, concerns related to jamming and spoofing attacks hamper the growth of North America GNSS chip market.
Based on device, the North America GNSS chip market is segmented into smartphones, tablets, personal navigation devices, in-vehicle systems, and others. The smartphones segment held 59.4% share of the North America GNSS chip market in 2024, amassing US$ 952.81 million. It is projected to garner US$ 1,575.91 million by 2031 to expand at 7.5% CAGR during 2024-2031.
By application, the North America 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 59.0% share of the North America GNSS chip market in 2024, amassing US$ 946.62 million. It is projected to garner US$ 1,685.50 million by 2031 to expand at 8.6% CAGR during 2024-2031.
Based on vertical, the North America GNSS chip market is segmented into consumer electronics, automotive and transportation, military and defense, marine, and others. The consumer electronics segment held 43.9% share of the North America GNSS chip market in 2024, amassing US$ 705.22 million. It is projected to garner US$ 1,289.96 million by 2031 to expand at 9.0% CAGR during 2024-2031.
By country, the North America GNSS chip market is categorized into the US, Canada, and Mexico. The US held 85.5% share of North America GNSS chip market in 2024, amassing US$ 1,373.00 million. It is projected to garner US$ 2,412.20 million by 2031 to expand at 8.4% CAGR during 2024-2031.
Key players operating in the GNSS chip market are Qualcomm Inc, Broadcom Inc, Septentrio NV, Trimble Inc, Furuno Electric Co Ltd, MediaTek Inc, STMicroelectronics NV, Skyworks Solutions Inc, u-blox Holding AG, and Quectel Wireless Solutions Co Ltd, among others.
- In March 2022, Trimble and Qualcomm Technologies, Inc. announced the availability of Trimble RTX GNSS technology for Snapdragon 8 Gen 1 and Snapdragon 888 Mobile Platforms. This technology enables superior location capabilities in premium Android smartphones worldwide. The integration of Trimble RTX GNSS technology, a correction services platform, with Snapdragon, contributes to higher quality, more accurate location-based user experiences-such as car navigation with lane-level guidance.
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