London, UK: A new study from ABI Research demonstrated the continued expansion of the GPS/GNSS Integrated Circuit (IC) market that is forecast to reach 1.8 billion shipments by 2016, representing a market worth over USD 3.3 billion at the end of the period.
GPS/GNSS has always been strongly tied to navigation in the in-car, PND, and cellular space. However, GPS/GNSS is now finding applications in cameras, gaming and tablets. Furthermore, femtocells and small cells represent huge volume opportunities, with companies like u-blox, Fastrax and iPosi all developing specific GPS/GNSS solutions to meet the unique requirements of this market.
Location technologies such as Wi-Fi, Bluetooth, MEMs and proprietary technologies from companies such as NextNav and Boeing will all see strong penetration. For example, the tablet market will be dominated by Wi-Fi location over the forecast period.
ABI’s senior analyst, telematics and navigation, Patrick Connolly said, “Ultimately, GPS/GNSS manufacturers will need to combine an increasing number of technologies, supporting ubiquitous indoor and outdoor location. In 2012, CSR, Broadcom, and Qualcomm have all made announcements around increasing convergence of location technologies in the handset. This will meet the outdoor requirements of today, as well as supporting the emerging precision indoor location market.”
ABI Research’s market data, “GPS IC and Devices Forecasts, Global,” provides forecasts of GPS/GNSS ICs and market shares across nine key CE devices. It also provides forecasts for alternative/hybrid location technologies, providing a complete picture of the future location market.
Source: ABI Research