Global positioning system (Gps) was originally developed by the U.S. government for the military. Within a few years, the government allowed their usage by civilians. GPS satellite data usage is free and globally accessible, as long as the device and accompanying software are bought or rented.
Nano GPS chip solutions are a pint-sized invention within the broader phenomenon of GPS solutions. Nano GPS chips are equipped with features such as a real-time clock, noise amplifiers, surface acoustic waves, a temperature-controlled crystal oscillator, a power management unit, and radio frequency shielding, which contribute to the growth of this technology.
Manufacturers have been investing in extensive research and development to find out how to minimize the size of the compact global navigation satellite system module without affecting the product’s efficiency, sensitivity, power consumption, and performance. Individuals who need to keep track of their elderly parents use nano GPS chip trackers as well, which boosts the demand for them.
Solar collar GPS trackers are designed for animals such as cattle, dogs, camels, elephants, and horses for wildlife tracking. Government initiatives to protect wildlife are contributing to the usage of this technology.
However, urban areas have a poor satellite signal, which is either non-existent or severely weakened by meteorological conditions a significant hindrance for the global nano GPS chip technology market.
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Nano Gps Chipterminal market consist of various players, few key players of the market are OriginGPS Ltd., Shenzhen Esino Technology Ltd., Shenzhen Zhonghe Electronics Co., Ltd, Dragon Bridge (SZ) Tech Co., Ltd, VLSI Solution, Analog Devices Inc., Fujitsu, OLinkStar Co., Ltd., Unicore Communications, Inc., and ATMEL Corporation and others.
The Nano Gps Chip market is segmented into application, type and region. Based on the type, the market is bifurcated into sensitivity, low power and others.
Moreover,on the basis of application the market is segmented into personal computers (PC), personal digital assistant (PDA), tablets, smartphones and others.
Further, on the basis of region the market is segmented into North America, Europe, APAC, Latin America and Middle East & Africa.
North America is expected to dominate the Nano Gps Chip market throughout the forecast period due to rising technological advancements and increased adoption of Nano GPS chip applications across various industry verticals.