Analysis of GPS IC Market by 2023
A fresh report has been added to the wide database of
Business Industry Reports. The research study is titled “GPS IC
Market” by Manufacturers, Countries, Type and Application,
Forecast to 2023 which provides important data about the
production, consumption, revenue and company profiles for
key industry participants.
Global GPS IC Market Synopsis:
A fresh report has been added to the wide database of Business Industry Reports. The research study is
titled “GPS IC Market” by Manufacturers, Countries, Type and Application, Forecast to 2023 which
provides important data about the production, consumption, revenue and company profiles for key
industry participants.
Global GPS IC Market Synopsis:
According to Market Analyst, The Global GPS IC Market is expected to grow at an impressive Compound
Annual Growth Rate (CAGR) from 2019 to 2023.
If you want to know more about GPS IC, Get Sample Copy of Report @
https://www.businessindustryreports.com/sample-request/35171 .
Global positioning system (GPS) technology has advanced its applications across several industries and
new applications ranges are coming up due to its substantial advantages. Vendors of the GPS integrated
circuits design the ICs by focusing primarily on end-user requirements. Technological improvements in
GPS IC are in the areas of refining the navigation abilities along with adding extra some features.
Growing demand for GPS ICs in smartphones is one of the foremost growth drivers for the market.
Presently, nearly nine out of ten smartphones are GPS-enabled, and these devices are anticipated to add
up significantly to the overall revenue of the Global GPS IC market.
The global GPS IC Market can be segmented based on product, applications and geography. Based on
product, the GPS IC Market can be segmented as SIRF, MTK, MSTAR, Other. Based on Application,
Market further sub segmented into Voice-Guided Navigation Applications, Tracking and Tracing,
Location-Enabled Search, Voice-Guided In-Car Navigation, People Tracking, Advertising.
Regionally, North America, Asia Pacific, and Europe are the largest markets for the GPS ICs. The Middle
East and Africa is still lagging behind in this technology as the adoption rate is low. Asia Pacific is