GPS IC Market Share, Production, Revenue, Growth and Trend Forecast to 2025

22 Feb 2019 - Global Positioning System (GPS) technology has advanced its applications across several industries over the globe; the new applications ranges are coming up due to its substantial advantages. Few applications are simple, such as determining a location, whereas some are complex blends of GPS with communications and other technologies. The fast growth in GPS commercial applications has been witnessed by the firms building GPS satellites and equipment’s over the past few years. In future, the GPS market is anticipated to flourish with new technological advancements. One of the key factors contributing to growth of global market for GPS IC is the increased use of GPS ICs in smartphones. Global GPS IC Market has also been observing the advancement of multifunctional GPS ICs. Though, the absence of accuracy in GPS data could encounter challenge to the growth of GPS IC market.

GPS offers benefit such as wireless connectivity and low power consumption, which is also anticipated to drive market demand over the forecast period. However, factors such as its high cost of operation may hinder its market growth. Technical glitches such as satellite orbit shift and clock inaccuracy also pose to be a challenge to the GPS market. The rapid growth in the improvement of global positioning system integrated circuits technology is a key trend in the Global GPS IC market. Vendors of the GPS integrated circuits design the ICs by focusing on the requirements end users. Technological improvements in GPS IC are in terms of refining the navigation abilities along with adding extra some features. With technological developments, GPS devices are planned with communications and other technologies such as voice-guided navigation applications, tracking and tracing, location-enabled search, voice-guided in-car navigation, people tracking, and advertising.

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Global GPS IC market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• Qualcomm Inc.
• Broadcom Corp.
• Texas Instruments Inc.
• MediaTek
• CSR Plc.
• Maxim Integrated Products Inc.
• RF Micro Devices
• Analog Devices Inc.
• Analog Devices Inc.

The growing demand for GPS ICs in smartphones is one of the foremost growth drivers for the Global GPS IC market. Presently, nearly nine out of ten smartphones are GPS enabled and these devices are anticipated to contribute significantly to the overall revenue of the Global GPS IC market. With implanted mapping services and GPS receivers in smartphones, users are able to obtain text and voice-guided directions, data on points of interest, and real-time position tracking. Moreover, the Global Smartphone market unit shipment is projected to grow considerably over the forecast period, which in turn will assist the growth of GPS IC. Geographically the global market for GPS IC is segmented into North America, Asia Pacific, Middle East and Asia, Europe and Latin America, while the Key regions for this market are North America, Asia Pacific and Europe. Middle East and Africa is still lagging behind in this technology as the adoption rate is less in countries of MEA. Asia Pacific is anticipated to appear as high growth regional market due to rising demand for GPS technology in nations such as India and China. Europe and North America are also anticipated to witness substantial growth over the forecast period.

Qualcomm is the chief GPS integrated circuit vendor which is followed by Broadcom at second place. After a long time, MediaTekattains a top three position after another year of significant growth and vigorous shipments as a consequence of its targeted design approach. Qualcomm remains the leading player with a strong universal location platform in IZat. This will be important for achievement in maximum number of cellular handsets in future. It is also in a strong position to develop in other GPS IC markets. With the continuous innovation, Broadcom seem to compete aggressively with their competitors, receiving the highest score for this category year over year. In 2014, Broadcom has declared its concurrent tri band BCM 4771 and BCM 47531 IC GNSS System on Chip intended for wearable’s, including a sensor hub. Finally, it has also broadcasted its 5G Wi-Fi System on Chip, which is competent in its new flagship FTM centered AccuLocate technology.

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MediaTek has now appeared as a major threat, being third on innovation, following very striking shipments of its combinations of ICs into confined Chinese smartphone vendors. Moreover it is strong on recreational and cameras, with an increasing existence in other markets. MediaTek move towards entirely embedded GPS in 2013 should show significance in fueling market share over the forecast period. Beside this, STMicroelectronics is competing aggressively among competitors with its new Tesco III platform giving it significant flexible design.