Nano Gps Chip Market Trends

Global Nano Gps Chip Market Overview:

Nano Gps Chip Market Size was valued at USD 8.49 Billion in 2023. The Nano Gps Chip market industry is projected to grow from USD 9.61 Billion in 2024 to USD 22.89 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.46% during the forecast period (2024 - 2032). Increasing consumer demand for industrial equipment and digital services are the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Nano Gps Chip Market Trends

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  Growing need for digital solutions is driving the market growth

  
  

Market CAGR for nano Gps chip is driven by the increased need for digital solutions and Nano-GPS chip implementations in manufacturing settings. The rising demand for tracking capabilities in consumer goods is also contributing to the expansion of the Nano GPS chip market. Smartphones are becoming increasingly popular all over the world. Thus, this particular sub-segment will account for the lion's share of the global Nano GPS Chip Industry Share. The rising interest in high-tech wristwatches and other forms of personal tracking is also contributing to the market's rapid development. 

The development of Nano GPS Chip Market Insight relies on several factors, including a real-time clock, noise amplifiers, surface acoustic waves, a temperature-controlled crystal oscillator, a power management unit, and radiofrequency shielding. Maintaining connectivity with low power consumption and enhanced performance in low-signal environments is possible. Nano GPS chip monitoring devices significantly impact the market since they deter bicycle and vehicle theft. Demand for Nano Gps chips is expected to rise due to the issues mentioned above in the future.

Additionally, consumers' increasing interest in smart home appliances, the increased funding for research and development, and the growing attention to IoT devices all contribute significantly to the expansion of the industry. Using smart data and little effort, Nano GPS chips in smart devices help locate these devices anywhere and everywhere. The growth of the sports and racing industry is anticipated to spark market change. The Nano global navigation satellite system module has been the subject of extensive research and development by manufacturers who have spent considerable time and resources trying to minimize the module's size without compromising its accuracy, sensitivity, power usage, or performance. Therefore, the increasing prevalence of nano Gps chips is fueling the expansion of the international market.

For instance, Weebit Nano Limited, an industry leader in creating cutting-edge memory technology, has announced the availability of working demonstration chips. The goal is for it to work in tandem with the onboard RAM. After this integration, functional testing will be complete. Before releasing a product to the public, there is one more phase. The Weebit ReRAM array in its memory module will make it the first commercially viable System-on-Chip (SoC). For interested parties, we now have demo chips available. Weebit's ReRAM technology is already in high demand from businesses. As a result, the market for Nano Gps Chips is predicted to grow throughout the forecasted time due to the rising demand for chipsets. Thus, the driving factor is the Nano Gps chips market revenue.

Nano Gps Chip Market Segment Insights:

Nano Gps Chip Type Insights

The Nano Gps Chip Market segmentation, based on type, includes low power and sensitive. In 2022, the sensitive segment led the Nano Gps chip market in revenue due to its separate from their size, and these Nano chips offer a higher sensitivity range of up to 165dBm for tracking and a time to first fix (TTFF) of less than 1 second. Because of these features, Nano GPS chips are increasingly used in wearable devices, tracking assets, precision gardening, fleet management, and law enforcement.

Figure 1: Nano Gps Chip Market by Type 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Nano Gps Chip Application Insights

The Nano Gps Chip Market segmentation, based on application, includes tablets, personal digital assistants, smartphones, and Personal computers. The smartphones category is anticipated to grow at a CAGR of 13.20% over the projected period, making up the largest market share. More smartphones are being made, people have more money to spend, and more people are using the internet. The market is growing because more people use computers for transportation services like Ola and Uber, and more people want to know the weather in a certain area.

Nano Gps Chip Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Nano Gps chip market will dominate because IoT devices are becoming more addicting, people have more money to spend, and exercise routines are getting more attention. When combined with trackers and phones, nano GPS chips help identify and track each person, and the fact that they can also be used to track pets is a growing market for this region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Nano Gps Chip Market SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe’s Nano Gps chip market accounts for the second-largest market share because technology improves and more people use Nano GPS chip apps. Further, the German Nano Gps chip market held the largest market share, and the UK Nano Gps chip market was the fastest-growing market in the European region.

The Asia-Pacific Nano Gps chip market is expected to grow at the fastest CAGR from 2023 to 2032 because of rising disposable income, spending money on electronics, and using new technology in various ways. Moreover, China’s Nano Gps chip market held the largest market share, and the Indian Nano Gps chip market was the fastest-rising market in the Asia-Pacific region.

Nano Gps Chip Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Nano Gps chip market grow even more. There are some strategies for action that market participants are implementing to increase their presence around the world's global footprint, with important market developments including new product launches, contractual agreements and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Nano Gps chip industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the global Nano Gps chip industry to benefit clients and increase the market sector. In recent years, the Nano Gps chip industry has offered some of the most significant technological advancements. Major players in the Nano Gps chip market, including Origin GPS Ltd. (Israel), Shenzhen Esino Technology Ltd. (China), Shenzhen Zhonghe Electronics Co., Ltd (China), Dragon Bridge (SZ) Tech Co., Ltd (China), VLSI Solution (Finland), Analog Devices Inc. (U.S.), Fujitsu (Japan), OLinkStar Co., Ltd. (China), Unicore Communications, Inc. (China), and ATMEL Corporation (U.S.) and others are attempting to grow market demand by investing in research and development operations.

Origin GPS was founded to create the world's top cellular IoT and GPS/GNSS solutions. By finding, sensing, and analyzing everything relevant to you and your company everywhere, our solutions create a safer monitored environment. To develop solutions that use less power, have a quicker time first to fix, and contribute to making IoT goods more accessible, we are using our pioneering spirit. With various sensors to track and analyze actions, our products are assisting in the productization of smart gadgets. We are committed to providing excellent value with our small-scale solution, cutting through the clutter and fostering embedded awareness whenever and wherever it is required. In January 2023, At the Electronica Fair in Munich, OriginGPS will introduce a new dual-frequency module based on MediaTek's processor.

VLSI Solution is a pioneer in developing new technologies and develops integrated circuits. Our ability to provide distinctive signal processing solutions for very large-scale integrated (VLSI) circuits is one of our strengths. R&D is where half of our team members are employed. Our significant R&D effort generates a steady stream of new, creative solutions. We concentrate on low-power mixed-signal applications. All of the technology used by VLSI Solution is original to it and its property. Products can then be optimized for the application in this way. When numerous manufacturing locations are needed for high volume, having complete control over the technology is a huge advantage. In May 2023, For the VS1010, we released a brand-new test version of the High-Speed USB Mass Storage driver. The read and write speeds offered by this new version are noticeably faster than those of the old Full-Speed driver.

Key Companies in the Nano Gps Chip Market include

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  OriginGPS Ltd. (Israel)

  
  


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  Shenzhen Esino Technology Ltd. (China)

  
  


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  Shenzhen Zhonghe Electronics Co., Ltd (China)

  
  


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  Dragon Bridge (SZ) Tech Co., Ltd (China)

  
  


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  VLSI Solution (Finland)

  
  


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  Analog Devices Inc. (U.S.)

  
  


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  Fujitsu (Japan)

  
  


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  OLinkStar Co., Ltd. (China)

  
  


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  Unicore Communications, Inc. (China)

  
  


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  ATMEL Corporation (U.S.)

  
  

Nano Gps Chip Industry Developments

February 2023: Analogue Devices, Inc. (ADI) recently unveiled the iCoupler® analog amplifier isolators. Due to its exceptionally low offset and gain error, it is ideal for various isolated voltage sensing applications, such as inverters, DC/DC converters, and onboard chargers. 

April 2023: Fujitsu and CESGA have agreed to develop a quantum center in Galicia, Spain, according to a Memorandum of Understanding (MoU). Mid-September 2023 will mark the center's official opening. It will be utilized to quicken collaborative research projects using quantum computing technologies.

Nano Gps Chip Market Segmentation:

Nano Gps Chip Type Outlook

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  Low Power

  
  


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  Sensitive

  
  

Nano Gps Chip Application Outlook

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  Tablets

  
  


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  Personal Digital Assistant

  
  


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  Smartphones

  
  


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  Personal Computers

  
  

Nano Gps Chip Regional Outlook

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  North America

  
  

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  US

  
  


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  Canada

  
  

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  Europe

  
  

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  Germany

  
  


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  France

  
  


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  UK

  
  


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  Italy

  
  


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  Spain

  
  


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  Rest of Europe

  
  

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  Asia-Pacific

  
  

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  China

  
  


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  Japan

  
  


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  India

  
  


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  Australia

  
  


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  South Korea

  
  


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  Australia

  
  


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  Rest of Asia-Pacific

  
  

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  Rest of the World

  
  

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  Middle East

  
  


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  Africa

  
  


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  Latin America