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Automotive GNSS Chip Market Trends

Report ID: GMI12568
Published Date: Dec 2024
Report Format: PDF

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Automotive GNSS Chip Market Trends

The surge of autonomous vehicles is spurring an unprecedented demand for automotive GNSS chips. Autonomous Vehicle Market size was valued at USD 2 trillion in 2023 and is estimated to register a CAGR of over 13.5% between 2024 and 2032. Autonomous driving hinges on high-precision positioning for accurate navigation and obstacle detection. GNSS chips, paired with advanced algorithms and multi-satellite support, deliver the accuracy essential for Level 3 and higher autonomous technologies.

Collaborations between car manufacturers and GNSS providers are fast-tracking innovations. As nations bolster infrastructure for autonomous mobility, GNSS chips emerge as vital components, ensuring smooth vehicle operations and solidifying their role in the global growth of the autonomous vehicle ecosystem.

GNSS chips struggle with signal accuracy in bustling urban centers, where tall buildings cause the "urban canyon" effect. This interference can result in delays or inaccuracies, jeopardizing navigation and safety systems. Furthermore, the reliance on satellite signals makes GNSS chips vulnerable to disruptions from environmental factors or intentional jamming. Such challenges raise reliability concerns, especially in areas lacking robust GNSS infrastructure. Conclusion: These limitations could impede the adoption of GNSS chips in critical applications like ADAS and autonomous driving, especially in urban locales.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive GNSS chip reached USD 3 billion in 2024 and is set to grow at a 5.1% CAGR from 2025 to 2034, driven by the rising adoption of Advanced Driver Assistance Systems (ADAS).

The OEM segment held 71% of the automotive GNSS chip market share in 2024, with OEMs driving market growth through innovation and strategic partnerships.

The U.S. accounted for over 83% of the market share in 2024, supported by high adoption rates of advanced vehicle technologies and strong regulatory support for safety features.

The key players in the industry include FURUNO, LOCOSYS Technology, MediaTek, Qualcomm, Quectel Wireless Solutions, SkyTraq Technology, STMicroelectronics, Texas Instruments, u-blox Holding, and Unicore Communications.