|[May 13, 2014]
GNSS IC Revenue Heading for $3 Billion, Says ABI Research
LONDON --(Business Wire)--
The GNSS IC market continues to go from strength to strength with
Cellular GNSS IC revenue alone forecast to break $2 billion by 2016,
with a host of secondary markets starting to emerge. This may help to
explain why both Intel and Samsung (News - Alert) have recently acquired GNSS IC design
capabilities, creating competition for incumbents like Broadcom,
Qualcomm and Mediatek.
The arrival of wearables, in-store advertising, ambient intelligence,
IoE/IoT and the connected home has created a lot of justified excitement
around indoor location. However, GNSS is still an essential technology
in tying these disparate networks together and remains the cornerstone
of ubiquitous location.
Senior analyst, Patrick Connolly comments, "Indoor location will be a
significant enabler for GNSS, driving growth in both commercial and
personal asset tracking, the connected home and fitness/health. We also
see consumer GNSS IC OEMs adopting sub-meter precision technologies,
such as u-Blox's PPP technology, which will open up markets around UAVs,
machine control, timing and synchrnization, ADAS and the driverless
car, etc. As a result, total GNSS IC revenues are set to hit
$2.75 Billion in 2019."
VP and practice director Dominique Bonte adds, "From an automotive
perspective, the connected car, infotainment, insurance,
telematics/diagnostics, safety, will all increase adoption of GNSS. We
can expect to see cars fitted with multiple GNSS ICs in the future.
Furthermore, there are strong signals satellite constellations such as
Galileo and GLONASS will become mandated for regional automotive
applications such as emergency calling."
These findings are part of ABI Research's (News - Alert) Location
Devices Market Research (https://www.abiresearch.com/market-research/service/gps-gnss/).
ABI Research provides in-depth analysis and quantitative forecasting of
trends in global connectivity and other emerging technologies. From
offices in North America, Europe and Asia, ABI Research's worldwide team
of experts advises thousands of decision makers through 70+ research and
advisory services. Est. 1990. For more information visit www.abiresearch.com,
or call +1.516.624.2500.
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