GNSS-Enabled Consumer Devices Market Report and Growth Forecast 2022-2027: Wearable and Tracking Devices Drive GNSS Market, as Smartphone Shipments Maturity – ResearchAndMarkets.com

ByLance T. Lee

Jul 25, 2022

DUBLIN–(BUSINESS WIRE)–The “GNSS-Enabled Consumer Devices Market – Growth, Trends, COVID-19 Impact, and Forecast (2022-2027)” report has been added to from ResearchAndMarkets.com offer.

The GNSS-enabled consumer devices market is expected to register a CAGR of 4.9% during the forecast period (2022-2027). The increasing volume of consumer electronic devices equipped with navigation and positioning functions is expected to create considerable demand for GNSS.

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

Highlights

  • The increasing use of Internet of Things (IoT) and wearable devices that use location information has increased the demand for LSI GNSS receivers. Accurate positioning and reliable communications must be ensured for the smooth operation of IoT and wearable devices, which are used even in harsh communication environments and unstable conditions. Additionally, device size constraints require a compact battery, while receiving and positioning the satellite signal when using GNSS functionality consumes a lot of power, reducing the life of the device. battery. Therefore, various technology companies are developing and launching new products that increase the capabilities of wearable devices.

  • In addition, the new generation of Android smartphones are equipped with high-performance GNSS chips capable of tracking dual-frequency multi-constellation data. Additionally, starting from Android version 9, users can disable the duty cycle power saving option; thus, higher quality raw pseudorange and carrier phase data are available. In addition, the application of Precise Point Positioning (PPP) algorithm has become more interesting. This work aims to evaluate 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 obtained 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 to manage a large fleet of GPS-enabled asset tags to monitor packages, boxes, roll cages, livestock, and through vast supply chains. These can only become viable in heavy-duty applications if maintenance efforts, primarily focused on keeping the trackers powered up, are kept to a minimum. Battery life can be significantly extended by using a series of hardware and firmware tweaks to optimize the ratio between tracking performance and power consumption. But achieving ambitious energy consumption goals in low-energy 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 energy efficient than others.

  • In February 2022, Colorado-based Dronee announced that it was preparing to release an open-source asset tracker, Loko, designed to combine GNSS support with a low-power, long-range LoRa radio uplink, with up to one year of follow-up per charge. . A USP of the device is long battery life, which can run for more than 30 days to a year per charge of its internal battery, depending on how often it transmits its location.

  • Several new applications have emerged due to COVID-19 increasing the use of GNSS chips. For example, COVID-19 has increased the need to accurately transport and track supply chain assets. Effective use of GNSS has been for surveillance and quarantine enforcement, where it is used to set up a virtual perimeter for those in self-quarantine through a process known as geofencing. In general, location data is collected from a smartphone or other supporting device, and it is used to notify local authorities when self-quarantine is violated.

Main topics covered:

ABSTRACT

MARKET OVERVIEW

  • Industry Stakeholder Analysis

  • Industry Attractiveness – Porter’s Five Forces Analysis

MARKET DYNAMICS

  • Market factors

    • Wearable and tracking devices drive GNSS market as smartphone shipments mature

  • Market challenges

    • Complexity regarding energy consumption

  • Market opportunities

    • Emerging applications of GNSS-enabled consumer devices

  • Impact of COVID-19 on the market

MARKET SEGMENTATION

  • By device type

    • smartphones

    • Tablets and portable devices

    • Personal Tracking Devices

    • Low Power Asset Trackers

  • By geography

COMPETITIVE LANDSCAPE

  • Apple Inc.

  • Garmin Ltd.

  • Fitbit

  • Samsung

  • Huawei

  • fossil group

  • Samsung Electronics

  • Huawei technology

  • Xiaomi

INVESTMENT ANALYSIS

FUTURE OF THE MARKET

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

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