GNSS Chip Market – Increasing Thrust On Maintaining Security Brings About Growth

Global GNSS Chip Market: Snapshot

The global navigational satellite system (GNSS) chip market at present is a fragmented one where no player has clear majority. Driving their market forward is the increasing use of GNSS devices in security applications and various new applications in roadways, railways, aviation, marine industry and defense. Besides, rise in connected cars and growing manufacture of smartphones are also slated to place the market on a solid growth trajectory in the years to come.

GNSS allows users to find out the position of other people or objects and also determine their position. Hence they are finding application in security, humanitarian services, and emergency services such as locating stolen property, person, or pets. For instance, Galileo, a GNSS system, is equipped with an application named Search and Rescue (SAR), which sends forth an emergency positioning signal that is received by satellites enabling for quick emergency response in case of a plane crash or a water vessel capsizing. Read More…

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