TechDogs-"GNSS-Enabled Consumer Device Market Report and Growth Forecasts 2022-2027: Wearables and Tracking Devices are Boosting the GNSS Market, whilst Smartphone Shipments are Maturing - ResearchAndMarkets.com"

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GNSS-Enabled Consumer Device Market Report and Growth Forecasts 2022-2027: Wearables and Tracking Devices are Boosting the GNSS Market, whilst Smartphone Shipments are Maturing - ResearchAndMarkets.com

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DUBLIN--(BUSINESS WIRE)--The "GNSS-Enabled Consumer Device Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022-2027)" report has been added to ResearchAndMarkets.com's offering.

The GNSS-Enabled Consumer Device Market is expected to register a CAGR of 4.9% during the forecast period (2022-2027). The increasing volume of consumer electronics equipped with navigation and positioning features is expected to create a considerable demand for GNSS.

For instance, Cisco reported that Wearables used in North America and the Asia Pacific are together forecast to account for around 70% of the wearable 5G connections worldwide in 2022. According to Cisco, in 2021, 258.2 million connected wearable devices are expected to get a connection in the Asia-Pacific region. Over the forecast period, such growth in demand for consumer electronics is expected to retain it as the largest consumer of GNSS chips.

Key Highlights

  • Escalating usage of the Internet of Things (IoT) and wearable devices that use location information has increased the demand for GNSS receiver LSIs. Precise positioning and reliable communications must be ensured for the proper operation of IoT and wearable devices, which are used even in challenging communication environments and unstable conditions. Further, device size constraints necessitate a compact battery, whereas satellite signal reception and positioning when using GNSS functionality consume a lot of power, resulting in poor battery life. Therefore, various technology companies are developing and launching new products that augment the capabilities of wearable devices.
  • Further, the new generation of Android smartphones is equipped with high-performance GNSS chips capable of tracking dual-frequency multi-constellation data. Moreover, starting from Android version 9, users can disable the duty cycle power saving option; thus, better quality pseudo-range and carrier phase raw data are available. Also, applying the Precise Point Positioning (PPP) algorithm has become more interesting. This work aims to assess the PPP performance of the first dual-frequency GNSS smartphone produced by Xiaomi equipped with a Broadcom BCM47755. The advantage of acquiring dual-frequency data is highlighted by comparing the performance obtained by Xiaomi with that of a single-frequency smartphone, the Samsung S8. The vertical and horizontal accuracy achieved by Xiaomi is 0.51 m and 6 m, respectively, while those achieved by Samsung are 5.64 m for 15 m for horizontal and vertical.
  • Small industrial asset trackers used in industrial asset tracking applications are designed for managing a large fleet of GPS-enabled asset tags to keep checks on parcels, boxes, roll cages, livestock, and across vast supply chains. These may only become viable in heavy applications if maintenance efforts, primarily focused on keeping trackers powered up, are kept to a minimum. The battery longevity can be extended considerably by using a series of hardware and firmware-based tweaks to optimize the proportion between tracking performance and power consumption. But meeting ambitious power consumption targets in low-power asset tracking and related applications can be challenging. There are many ways to integrate GNSS receivers into an end-product, some of which are more power-efficient than others.
  • In February 2022, Colorado-based Dronee announced that it is preparing to launch an open-source asset tracker, Loko, designed to combine GNSS support with a long-range low-power LoRa radio uplink, with up to a year of tracking per charge. A USP of the device is a long battery life, which can work for over 30 days to a year per charge of its internal battery, depending on how frequently it transmits its position.
  • Multiple new applications sprang up due to COVID-19, increasing the usage of GNSS chips. For instance, COVID-19 has increased the need for supply-chain assets to be transported and tracked with precision. The effective use of GNSS has been for quarantine monitoring and enforcement, where it is used to set up a virtual perimeter for those who are in self-quarantine through a process known as geofencing. In general, the location data is gathered from a smartphone or other supporting device, and it is utilized to inform local authorities when the self-quarantine is breached.

Key Topics Covered:

EXECUTIVE SUMMARY

MARKET INSIGHT

  • Industry Stakeholder Analysis
  • Industry Attractiveness - Porter's Five Forces Analysis

MARKET DYNAMICS

  • Market Drivers
    • Wearables and tracking devices are boosting the GNSS market, whilst smartphone shipments are maturing
  • Market Challenges
    • Complexity regarding power consumption
  • Market Opportunities
    • Emerging Applications of GNSS enabled consumer devices
  • Impact of COVID-19 on the market

MARKET SEGMENTATION

  • By Device Type
    • Smartphones
    • Tablets & Wearables
    • Personal Tracking Devices
    • Low-Power Asset Trackers
  • By Geography

COMPETITIVE LANDSCAPE

  • Apple Inc.
  • Garmin Ltd
  • Fitbit
  • Samsung
  • Huami
  • Fossil Group
  • Samsung Electronics
  • Huawei Technologies
  • Xiaomi

INVESTMENT ANALYSIS

FUTURE OF THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/7j2stq

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First published on Mon, Jul 25, 2022

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