The South & Central Africa GNSS chip market was valued at US$ 213.95 million in 2022 and is expected to reach US$ 314.80 million by 2030; it is estimated to register at a CAGR of 4.9% from 2022 to 2030.
GNSS surveying technologies offer a wide range of accuracy levels and approaches to satisfy the needs of many applications. Single point positioning (SPP) offers simple location; real-time kinematic (RTK) and post-processing kinematic (PPK) offer centimeter-level precision, and Differential Positioning (DGPS) enhances accuracy. Owing to its, lower latency, and real-time corrections, RTK stands out as the most accurate approach. High accuracy in surveying operations can be attained with the help of sophisticated data processing software, integrated sensor systems, and high-end GNSS receivers with multi-constellation and multi-frequency capabilities.
Through a comprehensive understanding of the various GNSS surveying techniques and suitable equipment selection, experts can guarantee precise and dependable outcomes for their projects. Thus, the increasing demand for real-time, accurate data drives the South & Central America GNSS chip market growth. In addition, the emergence of technological advances and new applications propels the need for reliable and efficient GNSS solutions.
For instance, in January 2024, u-blox (a global provider of leading positioning and wireless communication technology and services) and Nordian (a US precision location technology company providing advanced GNSS hardware solutions and services for the South America market), announced the expanded coverage of the PointPerfect GNSS correction service to Brazil, a promising market for high-precision GNSS applications. The collaboration between u-blox and Nordian will facilitate precise positioning for a diverse range of applications, in particular high-precision agriculture, but also service robots, machinery automation, micro-mobility, and emerging automotive applications such as lane-accurate navigation and telematics.
GNSS chips are being increasingly used owing to the growth in several sectors, including Consumer Solutions, Road, Manned Aviation, Drones, Maritime, Emergency Response, Rail, Agriculture, Geomatics, and Critical Infrastructures. Thus, all the factors mentioned above are influencing the growth of the GNSS chips market in SAM.
Upsurging Need for Accuracy in Real-Time Data Fuels South & Central Africa GNSS Chip Market
Real-time, accurate location data is crucial for various navigation and mapping applications, including ride-hailing services, delivery drones, and precise driving directions. GNSS chips enable these applications by providing real-time positioning information.GNSS surveying technologies offer a wide range of accuracy levels and approaches to satisfy the needs of many applications. Single point positioning (SPP) offers simple location; real-time kinematic (RTK) and post-processing kinematic (PPK) offer centimeter-level precision, and Differential Positioning (DGPS) enhances accuracy. Owing to its, lower latency, and real-time corrections, RTK stands out as the most accurate approach. High accuracy in surveying operations can be attained with the help of sophisticated data processing software, integrated sensor systems, and high-end GNSS receivers with multi-constellation and multi-frequency capabilities.
Through a comprehensive understanding of the various GNSS surveying techniques and suitable equipment selection, experts can guarantee precise and dependable outcomes for their projects. Thus, the increasing demand for real-time, accurate data drives the South & Central America GNSS chip market growth. In addition, the emergence of technological advances and new applications propels the need for reliable and efficient GNSS solutions.
South & Central Africa GNSS Chip Market Overview
SAM consists of various developing countries such as Brazil, Argentina, and the Rest of SAM. In SAM, the use of smartphones is expected to dominate the SAM consumer electronics sector due to the increasing young population. Consumer electronics in SAM is one of the fastest-growing industries as new and innovative technologies emerge. The GNSS chip market in the region is growing as several companies are investing in providing GNSS services.For instance, in January 2024, u-blox (a global provider of leading positioning and wireless communication technology and services) and Nordian (a US precision location technology company providing advanced GNSS hardware solutions and services for the South America market), announced the expanded coverage of the PointPerfect GNSS correction service to Brazil, a promising market for high-precision GNSS applications. The collaboration between u-blox and Nordian will facilitate precise positioning for a diverse range of applications, in particular high-precision agriculture, but also service robots, machinery automation, micro-mobility, and emerging automotive applications such as lane-accurate navigation and telematics.
GNSS chips are being increasingly used owing to the growth in several sectors, including Consumer Solutions, Road, Manned Aviation, Drones, Maritime, Emergency Response, Rail, Agriculture, Geomatics, and Critical Infrastructures. Thus, all the factors mentioned above are influencing the growth of the GNSS chips market in SAM.
South & Central Africa GNSS Chip Market Segmentation
- The South & Central Africa GNSS chip market is segmented based on device, application, vertical, and country.
- Based on device, the South & Central Africa GNSS chip market is segmented into smartphones, tablets, personal navigation devices, in-vehicle systems, and others. The smartphones segment held the largest share in 2022.
- In terms of application, the South & Central 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 the largest share in 2022.
- By vertical, the South & Central Africa GNSS chip market is segmented into consumer electronics, automotive & transportation, military & defense, marine, and others. The consumer electronics segment held the largest share in 2022.
- Based on country, the South & Central Africa GNSS chip market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central Africa GNSS chip market in 2022.
- Qualcomm Inc, Broadcom Inc, Trimble Inc, Furuno Electric Co Ltd, MediaTek Inc, STMicroelectronics NV, and u-blox Holding AG are some of the leading companies operating in the South & Central America GNSS chip market.
Market Highlights
- Based on device, the South & Central America GNSS chip market is segmented into smartphones, tablets, personal navigation devices, in-vehicle systems, and others. The smartphones segment held 55.0% share of the South & Central America GNSS chip market in 2022, amassing US$ 117.59 million. It is estimated to garner US$ 163.87 million by 2030 to expand at 4.2% CAGR during 2022-2030.
- In terms of application, the South & Central 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 South & Central America GNSS chip market in 2022, amassing US$ 126.23 million. It is estimated to garner US$ 185.51 million by 2030 to expand at 4.9% CAGR during 2022-2030.
- The consumer electronics segment held 42.9% share of South & Central America GNSS chip market in 2022, amassing US$ 91.72 million. It is predicted to garner US$ 136.26 million by 2030 to expand at 5.1% CAGR during 2022-2030.
- Brazil held 46.5% share of South & Central America GNSS chip market in 2022, amassing US$ 99.53 million. It is projected to garner US$ 157.18 million by 2030 to expand at 5.9% CAGR during 2022-2030.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America GNSS chip market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in South & Central America GNSS chip market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. South & Central America GNSS Chip Market Landscape
5. South & Central America GNSS Chip Market - Key Market Dynamics
6. GNSS Chip Market - South & Central America Market Analysis
7. South & Central America GNSS Chip Market Analysis - by Device
8. South & Central America GNSS Chip Market Analysis - by Application
9. South & Central America GNSS Chip Market Analysis - by Vertical
10. South & Central America GNSS Chip Market -Country Analysis
11. Competitive Landscape
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
Some of the leading companies in the South and Central Africa GNSS Chip market include:- Qualcomm Inc
- Broadcom Inc
- Trimble Inc
- Furuno Electric Co Ltd
- MediaTek Inc
- STMicroelectronics NV
- u-blox Holding AG
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 117 |
Published | August 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 213.95 Million |
Forecasted Market Value ( USD | $ 314.8 Million |
Compound Annual Growth Rate | 4.9% |
Regions Covered | Africa |
No. of Companies Mentioned | 8 |