Nano global positioning system (GPS) chips are so tiny that they can even fit into a currency note and yet go unnoticed. Market Research Future (MRFR) has published a research report about the global nano GPS chip market that adumbrates profits for this market between 2017 and 2023.
The extensive market driving factors for the global nano GPS chip market growth include growing demand for digitization and growing use of nano GPS chip solutions in industrial applications. Other factors that provide growth for global nano GPS chip market include a rise in demand for commercial devices enabled with tracking features, growing technological advancement, increasing the use of mobile devices, and innovations in the development of GPS.
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The global nano GPS chip market segmentation has segmented the market into application, type, and region. The application-based segmentation segments this market into personal computers (PC), personal digital assistant (PDA), smartphones, tablets, and others. By type, the market is being segmented into low power, sensitivity, and others.
The regional segmentation of the global nano GPS chip market can segment the market into the regional markets that are Europe, North America, Asia Pacific, and rest of the world (RoW). North America is the largest regional market, whereas Asia Pacific region is the fastest growing regional market.
In North America, the market is growing due to the technological advancements and increased adoption of Nano GPS chip applications across different industry verticals. USA and Canada are among the most technologically advanced countries in the world. The third most important country-specific market in this region is Mexico. Other important market growth factors include the presence of many key market players, the existence of strong economies in this region, presence of well-established information technology (IT) infrastructure, availability of high-speed internet, increasing digitization of services, and higher penetration as well as the availability of mobile devices in the market.
The faster growth for the Asia Pacific Global Nano Gps Chip Market has been anticipated due to increasing demand for nano GPS chip solutions across different industry verticals across many countries in this region. Another important factor responsible for market growth is the growing IT industry in India. Other major country-specific markets in the Asia Pacific region are China and Japan, followed by the remaining countries of this region.
In Europe, the market is decent because most European countries have good quality IT infrastructure. The internet facilities and the market for mobile devices are also strong in Europe. The European countries that can be a great market for Nano GPS chip due to their technological advancement are France, Germany, Italy, Spain, and the UK. Many vital market players are based in Europe too.
The RoW segment covers the countries of Middle East & Africa (MEA) region and Latin America. In Latin America, the market is steady because the available technology in this region is not as advanced as it is North America. In the MEA region, market growth is slow due to limited availability of technology, lack of required IT infrastructure, and lack of skilled professionals.
The key players in the global nano GPS chip market include Analog Devices Inc. (USA), ATMEL Corporation (USA), Dragon Bridge (SZ) Tech Co. Ltd (China), Fujitsu (Japan), OLinkStar Co. Ltd. (China), OriginGPS Ltd. (Israel), Shenzhen Zhonghe Electronics Co. Ltd (China), Shenzhen Esino Technology Ltd. (China), Unicore Communications Inc. (China), and VLSI Solution (Finland).
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