Global positioning system (GPS) which was originally developed by the U.S. government for the military was extended for usage by civilians. GPS satellite data usage is free and can be accessed globally, as long as the device and accompanying software is either owned or rented. Nano GPS chip solutions are a pint-sized invention within the broader phenomenon of GPS solutions. Nano GPS chips are chips equipped with enhanced features such as a real-time clock, a temperature-controlled crystal oscillator, noise amplifiers, surface acoustic waves, a power management unit, and radio frequency shielding. The global nano GPS market was valued at USD XX million in 2017 and is expected to grow at a CAGR of XX%, with the market expected to reach a valuation of up to USD XX million by 2025.
The global nano GPS chip market consist of various players, including OriginGPS 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 among others.
The Nano Gps Chip market is segmented into application, type and region. Based on the type, the market is bifurcated into sensitivity, low power and others. Moreover, on the basis of application the market is segmented into personal computers (PC), personal digital assistant (PDA), tablets, smartphones and others.
Further, on the basis of region the market is segmented into North America, Europe, APAC, Latin America and Middle East & Africa. North America is expected to dominate the Nano Gps Chip market throughout the forecast period due to rising technological advancements and increased adoption of Nano GPS chip applications across various industry verticals.
Market segmented based on type:
- Low Power
Market segmented based on application:
- Personal Computers (PC)
- Personal Digital Assistant (PDA)
Market segmented based on region:
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
Extensive research and development backed by heavy investments by the manufacturers to find the solution to minimize the size of the compact global navigation satellite system module without hampering the product’s efficiency, performance, sensitivity, and power consumption. Individuals with the need to track elderly parents are now using nano GPS chip trackers as well, thereby driving the demand for these modules. Solar collar GPS trackers designed for animals such as cattle, elephants, dogs, camels, and horses for wildlife tracking is also gaining popularity in the global market. This is also supported by various government initiatives to protect wildlife thereby, encouraging the the usage of this technology. However, urban areas with poor satellite signal, which is either non-existent or severely weakened by meteorological conditions is posing a significant hindrance for the overall growth of the global nano GPS chip technology market.