Nano GPS Chip Market Advanced Technology and New Innovations by 2024

Posted by Katheine Silway on April 16th, 2021

Global Nano GPS Chip Market: Snapshot

GPS (global positioning system) was originally developed by the U.S. government for the military. Within a few years, the government allowed their usage by civilians. GPS satellite data usage is free and globally accessible, as long as the device and accompanying software are bought or rented. Nano GPS chip solutions are a pint-sized invention within the broader phenomenon of GPS solutions. The market for nano GPS chips is expected to expand substantially in the future. It is highly competitive and dominated by a few major players.

Major Key Players of the Nano GPS Chip Market are:
Shenzhen Zhonghe Electronics Co., Ltd, Shenzhen Esino Technology Ltd, and Dragon Bridge (SZ) Tech Co., Ltd  in China, and OriginGPS in Israel.

Nano GPS chips are equipped with features such as a real-time clock, noise amplifiers, surface acoustic waves, a temperature-controlled crystal oscillator, a power management unit, and radio frequency shielding, which contribute to the growth of this technology. It is capable of constant connectivity with improved marginal signal conditions and minimal power consumption. Nano GPS chip tracking devices prevent bike and car thefts, which is a key factor influencing the development of this market.

Manufacturers have been investing in extensive research and development to find out how to minimize the size of the compact global navigation satellite system module without affecting the product’s efficiency, sensitivity, power consumption, and performance. In the near future, sports and racing games techniques are also predicted to trigger the demand for transceiver chips. Individuals who need to keep track of their elderly parents use nano GPS chip trackers as well, which boosts the demand for them. Solar collar GPS trackers are designed for animals such as cattle, dogs, camels, elephants, and horses for wildlife tracking. Government initiatives to protect wildlife are contributing to the usage of this technology. Urban areas, however, have a poor satellite signal, which is either non-existent or severely weakened by meteorological conditions – a significant hindrance for the global nano GPS chip technology market.

The study is a source of reliable data on:

• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
• Value chain and stakeholder analysis

The regional analysis covers:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)