Acknowledging the impressive growth records, the market perceives, Market Research Future (MRFR) in its recently published study report asserts that the global Nano GPS Chip market will register a phenomenal CAGR from 2017-2023, with the exponential accruals by 2023. The increased demand for digitization and Nano GPS Chip solutions in industrial applications is the key factor driving the growth in the market.

Augmenting demand for commercial devices enabled with tracking features is another major factor fostering the growth of the Nano GPS Chip market. Increasing uptake of digital media backed by the proliferation of smartphones, tablets, and various other digital devices is fuelling the market growth. Moreover, increasing product developments and innovations led by major market players offer various growth opportunities to the market to grow significantly. Increasing demand for smart wearable devices and tracking gadgets is another major factor responsible for driving the market growth.

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Nano GPS chips are tiny little chips that have micro-size GPS systems embedded into them. These chips are fitted into small electronic devices to detect the positioning (physical location) of these devices along with its navigation. For instance, all mobile devices such as drones, tablets, personal digital assistant (PDA), smartphones, and personal computers (pcs) have these chips fitted into them. Besides, Nano GPS chips are also used in tracking devices such as personal locator chip / portable GPS tracking devices and GPS tracker watches, etc.

Personal locators or tracking devices fitted with the Nano GPS Chip are used to monitor real-time activities or to track the positioning of humans and things/ devices. These chips (Nano GPS Chip) have huge uptake in militaries and defense for the tracking and navigating devices. Also, these tracking devices are used to track and monitor the activities such as fall detection of elderly, children and patients. These devices also provide real-time tracking on a map and are accessible from a computer or on the go with the free mobile APP.

Attributing to the huge uptake in various electronic devices, Nano GPS Chips witness a huge demand from the consumer electronics sector for Smartphone, Tablet or PC, Transport & Logistics, IT, Entertainment and Healthcare, among others. Resultantly, the Nano GPS chip market is not just growing but accelerating.

Global Nano GPS Chip Market - Segmentation

The MRFR analysis is segmented into three key dynamics.

By Types: Low Power, and Sensitive among others.

By Applications: Tablets, Personal Digital Assistant (PDA), Smartphones, and Personal Computers (PC) among others.

By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).

The smartphones segment is expected to capture the largest market share in the global Nano GPS Chip market owing to the increasing demand for smartphones across the globe.

Global Nano GPS Chip Market - Regional Analysis

market share in the global Nano GPS Chip market owing to the increasing demand for smartphones across the globe.

Globally, North America leads the market for Nano GPS Chips market size. Substantial investments transpired into the field of technologies development, the presence of the fervent market players that can offer cutting-edge technologies and increasing adoption these chips in the military, healthcare & consumer electronics sector are some of the factors driving the market growth in the region.

Availability of a well-established infrastructure, provides impetus to the market growth, allowing faster implementation of advanced technologies. The U.S. and Canada are dominating the North America market owing to the increasing technological advancements and the uptake of Nano GPS Chip solutions in these countries. Continuing with the same growth trends, the region is expected to retain its dominance in the global market.

Whereas the Europe market accounts for the second-largest market for the Nano GPS Chips owing to the demand from the various sectors. The resurging economy in the region is too contributing to the market growth significantly. Moreover, augmented uptake of these chips due to the availability of better connectivity fuels the growth in the regional market.

On the other hand, Asia Pacific region is expected to witness a healthy growth, emerging as the fastest growing market for the Nano GPS. Factors such as increasing urbanization & growing consumer electronics sector coupled with the improving economy in the region foster the market growth. Improving economic conditions are driving the marker growth in the region, increasing consumers’ purchasing power.


Key Players:

Shenzhen Esino Technology Ltd. (China), OriginGPS Ltd. (Israel), Shenzhen Zhonghe Electronics Co., Ltd (China), VLSI Solution (Finland), Dragon Bridge (SZ) Tech Co., Ltd (China), Analog Devices Inc. (US), OLinkStar Co., Ltd. (China), Fujitsu (Japan), ATMEL Corporation (US), and Unicore Communications, Inc. (China) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Nano GPS Chip Market.

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