Global Nano GPS Chip Market Size to worth USD 21.9 Billion by 2033: Market Report 2023 - 2033

Global Nano GPS Chip Market worth USD 21.9 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Nano GPS Chip Market Size is Expected to Grow from USD 6.5 Billion in 2023 to USD 21.9 Billion by 2033, at a CAGR of 12.92% during the forecast period 2023-2033.  

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Nano GPS Chip Market Size, Share, and COVID-19 Impact Analysis, By Type (Low Power and Sensitive), By Application (Tablets, Personal Digital Assistant, Smartphones, and Personal Computers), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.   

A nano GPS chip is a microchip used in GPS receivers to calculate a device’s position by receiving signals from satellites. Its nano size and great accuracy make it a popular choice for military applications as well as for determining the direction of vehicles, ships, and airplanes. The development of this technology is supported by the features that nano GPS chips have to offer, including a real-time clock, noise amplifiers, surface acoustic waves, a temperature-controlled mineral oscillator, a power management unit, and radio incidence shielding. The incorporation of 5G and IoT technologies in nano GPS chips for faster and more reliable data transfer is the key market trend driving the market expansion. The growing consumer demand for industrial equipment and digital services is significantly propelling market growth. On the contrary, the poor satellite signal in urban areas, which is either nonexistent or significantly affected by the weather is challenging the market.

The sensitive segment is expected to dominate the market with the largest share during the forecast period.

Based on the type, the global nano GPS chip market is classified into low power and sensitive. Among these, the sensitive segment is expected to dominate the market with the largest share during the forecast period. The increasing use of nano GPS chips in wearable devices, tracking assets, fleet management, and law enforcement are driving the market for nano GPS chips owing to their high sensitivity feature.

The smartphones segment is expected to hold the largest market share during the forecast period.

Based on the application, the nano GPS chip market is classified into tablets, personal digital assistant, smartphones, and personal computers. Among these, the smartphones segment is expected to hold the largest market share during the forecast period. The rising demand for tracking the precise climate conditions in the area and the growing use of smartphones for transportation services like Ola and Uber are responsible for driving the market in the smartphones segment.  

North America is projected to hold the largest share of the global nano GPS chip market over the forecast period.

North America is projected to hold the largest share of the global nano GPS chip market over the forecast period. The robust consumer electronics market and surging technological innovation are driving the market growth. Further, in the automation industry, the integration of advanced driver assistance systems (ADAS) and vehicle tracking systems is propelling the market growth for nano GPS chips.

Asia Pacific is predicted to grow at the fastest CAGR in the nano GPS chip market over the forecast period. The growing use of sophisticated tracking and navigation systems in a variety of applications is driving the market expansion. Further, nano GPS chipsets are becoming indispensable parts of wearable technology, cell phones, and smart home systems in the consumer electronics industry, thereby propelling the market growth. Further, the increasing focus on developing compact and efficient nano GPS chipsets is driving the market growth.

Companies Profiles 

Major key players in the nano GPS chip market include Origin GPS Ltd., Shenzhen Esino Technology Ltd., Shenzhen Zhonghe Electronics Co., Ltd, Dragon Bridge (SZ) Tech Co., Ltd, VLSI Solution, Analog Devices Inc., Fujitsu, OLinkStar Co., Ltd., Unicore Communications, Inc., and ATMEL Corporation, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In May 2024, Vuzix, a supplier of smart glasses and augmented reality (AR) technology and products, announced that it has signed a multi-phase development contract with Garmin for next-generation nano-imprinted waveguide-based display systems.

• In April 2023, Fujitsu and CESGA signed a Memorandum of Understanding (MoU) for the establishment of a quantum center in Galicia, Spain to accelerate joint research using quantum computing technologies and to promote the development of the quantum industry both on a regional and international level, with operations beginning from mid-September 2023.

• In March 2023, Analog Devices, Inc. (ADI) introduced the first in a new series of iCoupler analog amplifier isolators that offer very low offset and gain error, making them ideal for many isolated voltage sensing applications such as Inverters, DC/DC Converters, and On-Board Chargers.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global nano GPS chip market based on the below-mentioned segments:

Global Nano GPS Chip Market, By Type

• Low Power
• Sensitive

Global Nano GPS Chip Market, By Application   

• Tablets
• Personal Digital Assistant
• Smartphones
• Personal Computers

Global Nano GPS Chip Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa