GNSS chip market to hit $2 billion in 2012
Sales of GPS/GNSS ICs are on course to break $2 (£1.2, €1.5) billion by the end of the year.
The smartphone market will have contributed over 70% of this revenue in 2012 - but it is an increasingly difficult market for standalone GPS IC manufacturers.
For those that remain, indoor location is forecast to be the next major make-or-break technology, while also presenting the potential to generate additional revenue.
ABI Research's latest edition of its 'GPS & GNSS Market Data' is forecasting that, although the overall GNSS market will continue to grow, cellular will become less important - declining to ~55% of revenue in 2017.
In this changing landscape of the GNSS market, ABI forecasts a major shift in GPS IC sales - as new markets emerge around tablets, cameras, femtocells, machine-to-machine (M2M), fitness and personal tracking. So IC manufacturers will become less reliant on the traditional PND and in-car markets.
ABI adds 'Breaking $2 Billion illustrates how valuable the consumer GNSS IC market has become. The year 2013 will bring significant change and opportunities to the market, with new indoor technologies, emerging vertical markets and competitors.'
Further details from ABI Research below . .