GNSS IC Market 2020: Research Insights and Precise Outlook

This report focuses on GNSS IC volume and value at the global level, regional level and company level. From a global perspective, this report represents overall GNSS IC market size by analyzing historical data, future prospect and Forecast 2020 to 2026. Regionally, this report focuses on several key regions: North America, Europe, China and Japan etc.

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The global GPS IC market is expected to grow at a CAGR over 10.0% over the forecast period 2019 to 2025.

Global positioning system (GPS) technology has advanced its applications across several industries and new applications ranges are coming up due to its substantial advantages.

Few applications such as determining a location are comparatively easy whereas some are complex blends of GPS with communications and other technologies. Fast growth in GPS commercial applications is being witnessed by firms building GPS satellites and equipment over the past few years. Technological advancements in this sector are expected to have a positive impact on the market over the next seven years.