| Product Code: ETC6159758 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Armenia GPS IC market experienced a decline in imports during 2020-2024, with a Compound Annual Growth Rate (CAGR) of -24.42%. The year-on-year growth rate for 2023-2024 was zero, contributing to the overall decrease in imports over the period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia GPS IC Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia GPS IC Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia GPS IC Market - Industry Life Cycle |
3.4 Armenia GPS IC Market - Porter's Five Forces |
3.5 Armenia GPS IC Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Armenia GPS IC Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 Armenia GPS IC Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced navigation and tracking systems in various industries such as logistics, transportation, and automotive sectors. |
4.2.2 Technological advancements in GPS ICs leading to improved accuracy, efficiency, and performance of GPS devices. |
4.2.3 Government initiatives to promote the adoption of GPS technology for public safety, emergency services, and infrastructure development. |
4.3 Market Restraints |
4.3.1 High initial investment and operational costs associated with the implementation of GPS IC technology. |
4.3.2 Security and privacy concerns related to the collection and storage of location data by GPS devices. |
4.3.3 Limited availability of skilled professionals to develop and maintain GPS IC solutions. |
5 Armenia GPS IC Market Trends |
6 Armenia GPS IC Market, By Types |
6.1 Armenia GPS IC Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia GPS IC Market Revenues & Volume, By Type, 2022-2032F |
6.1.3 Armenia GPS IC Market Revenues & Volume, By SIRF, 2022-2032F |
6.1.4 Armenia GPS IC Market Revenues & Volume, By MTK, 2022-2032F |
6.1.5 Armenia GPS IC Market Revenues & Volume, By MSTAR, 2022-2032F |
6.1.6 Armenia GPS IC Market Revenues & Volume, By Others, 2022-2032F |
6.2 Armenia GPS IC Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Armenia GPS IC Market Revenues & Volume, By Voice-Guided Navigation, 2022-2032F |
6.2.3 Armenia GPS IC Market Revenues & Volume, By Tracking and Tracing, 2022-2032F |
6.2.4 Armenia GPS IC Market Revenues & Volume, By Location-Enabled Search, 2022-2032F |
6.2.5 Armenia GPS IC Market Revenues & Volume, By Others, 2022-2032F |
7 Armenia GPS IC Market Import-Export Trade Statistics |
7.1 Armenia GPS IC Market Export to Major Countries |
7.2 Armenia GPS IC Market Imports from Major Countries |
8 Armenia GPS IC Market Key Performance Indicators |
8.1 Average revenue per user (ARPU) for GPS IC services in Armenia. |
8.2 Adoption rate of GPS-enabled devices in key industries. |
8.3 Rate of innovation in GPS IC technology, measured by the number of new features or functionalities introduced. |
9 Armenia GPS IC Market - Opportunity Assessment |
9.1 Armenia GPS IC Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Armenia GPS IC Market Opportunity Assessment, By Application, 2022 & 2032F |
10 Armenia GPS IC Market - Competitive Landscape |
10.1 Armenia GPS IC Market Revenue Share, By Companies, 2025 |
10.2 Armenia GPS IC Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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