Global GNSS Chip Market Report 2018-2023 - Growing Demand for Consumer Electronic and IoT Devices Applications - ResearchAndMarkets.com
Summary
Advanced, GNSS chips allow thousands of customers to use similar resources aiding companies to reduce their expenses.With the rising demand for the high-speed internet for applications such as autonomous driving, distance learning, video calling, multi-user gaming, and the advent of the 5G network is increasing rapidly, Smart Cities and the IoT is set to spawn a further proliferation and diversification of GNSS-enabled added-value services.All the above factors have been significant growth aspects for the cloud enable technology market on a global arena.With the most cost-effective and performant source of positioning and timing information in outdoor environments, GNSS has become an important element of major contemporary technology developments notably including the Augmented Reality, IoT, Big Data, Smart Cities and Multimodal Logistics.Whereas GNSS is the key enabler of several services encapsulated in these macro trends, emerging technology paradigms such as the IoT or Smart Cities create linkages between established GNSS market segments, creating a window of opportunity for hybrid and cross-cutting applications and generating new user needs and requirements.