Pune, India -- (SBWIRE) -- 07/27/2018 -- Market Highlights:
Nano GPS chips are tiny little chips that have micro-size GPS systems embedded into them. These chips are fitted into small electronic devices to detect the positioning (physical location) of these devices along with its navigation. For instance, all mobile devices such as drones, tablets, personal digital assistant (PDA), smartphones, and personal computers (pcs) have these chips fitted into them. Besides, Nano GPS chips are also used in tracking devices such as personal locator chip / portable GPS tracking devices and GPS tracker watches, etc.
Personal locators or tracking devices fitted with the Nano GPS Chip Market are used to monitor real-time activities or to track the positioning of humans and things/ devices. These chips (Nano GPS Chip) have huge uptake in militaries and defense for the tracking and navigating devices. Also, these tracking devices are used to track and monitor the activities such as fall detection of elderly, children and patients. These devices also provide real-time tracking on a map and are accessible from a computer or on the go with the free mobile APP.
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Key Players:
Shenzhen Esino Technology Ltd. (China), OriginGPS Ltd. (Israel), Shenzhen Zhonghe Electronics Co., Ltd (China), VLSI Solution (Finland), Dragon Bridge (SZ) Tech Co., Ltd (China), Analog Devices Inc. (US), OLinkStar Co., Ltd. (China), Fujitsu (Japan), ATMEL Corporation (US), and Unicore Communications, Inc. (China) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Nano GPS Chip Market.
Global Nano GPS Chip Market - Segmentation
The MRFR analysis is segmented into three key dynamics.
By Types: Low Power, and Sensitive among others.
By Applications: Tablets, Personal Digital Assistant (PDA), Smartphones, and Personal Computers (PC) among others.
By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).
The smartphones segment is expected to capture the largest market share in the global Nano GPS Chip market owing to the increasing demand for smartphones across the globe.
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Global Nano GPS Chip Market - Regional Analysis:
Globally, North America leads the market for Nano GPS Chips with the largest market share. Substantial investments transpired into the field of technologies development, the presence of the fervent market players that can offer cutting-edge technologies and increasing adoption these chips in the military, healthcare & consumer electronics sector are some of the factors driving the market growth in the region.
Availability of a well-established infrastructure, provides impetus to the market growth, allowing faster implementation of advanced technologies. The U.S. and Canada are dominating the North America market owing to the increasing technological advancements and the uptake of Nano GPS Chip solutions in these countries. Continuing with the same growth trends, the region is expected to retain its dominance in the global market.
Whereas the Europe market accounts for the second-largest market for the Nano GPS Chips owing to the demand from the various sectors. The resurging economy in the region is too contributing to the market growth significantly. Moreover, augmented uptake of these chips due to the availability of better connectivity fuels the growth in the regional market.
On the other hand, Asia Pacific region is expected to witness a healthy growth, emerging as the fastest growing market for the Nano GPS. Factors such as increasing urbanization & growing consumer electronics sector coupled with the improving economy in the region foster the market growth. Improving economic conditions are driving the marker growth in the region, increasing consumers' purchasing power.
Nano GPS Chip Market - Competitive Analysis:
The highly competitive Nano GPS Chip Market is adorned by the several well-established as well as small players. The market appears to be slightly fragmented. The key strategies traced from the analysis of recent developments of the key players include Product or Technology Launch, Agreement & Partnership, Acquisition, and expansion. These key players compete based upon pricing, Technology, reputation, and services.
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Industry/ Innovation/Related News:
June 2018 – Scientists at MIT's Department of Electrical Engineering and Computer Science have designed a Nanocomputer chip - Navion, to be used in a smaller fingernail-sized Drones. The Chip is 20 square millimeters and consumes only 24 mill-watts of power which is the size of a Lego figure's footprint consuming one thousand times less than the average light bulb.
The new chip can be used in "Nano-drones" to help navigate them, especially in remote areas where GPS signals are usually intermittent or completely inaccessible. With the chip's energy-saving capabilities, the bug-sized bots could also have a longer flight time than the quadcopters. The researchers are planning on testing this proof-of-concept in a miniature race car first, one that carries an onboard camera that's able to stream live video and integrating the chip into drones will follow after.
Intended Audience:
- Technology Investors
- Research/Consultancy Firms
- Government Bodies
- Consulting Service Providers
- Technology Providers
- Service Providers
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