| Product Code: ETC5617009 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s import shipments of GNSS chips in 2024 were dominated by top exporting countries including the USA, Trinidad and Tobago, China, UK, and Barbados. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, with a notable Compound Annual Growth Rate (CAGR) of 62.26% from 2020 to 2024. The impressive growth rate of 109.71% from 2023 to 2024 suggests a rapidly expanding market for GNSS chips in Grenada, with potential opportunities for further development and investment in the sector.
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 Grenada GNSS Chip Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada GNSS Chip Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada GNSS Chip Market - Industry Life Cycle |
3.4 Grenada GNSS Chip Market - Porter's Five Forces |
3.5 Grenada GNSS Chip Market Revenues & Volume Share, By Device, 2021 & 2031F |
3.6 Grenada GNSS Chip Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada GNSS Chip Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Grenada GNSS Chip Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-precision location-based services |
4.2.2 Growing adoption of GNSS technology in various industries such as automotive, agriculture, and defense |
4.2.3 Technological advancements leading to improved accuracy and efficiency of GNSS chips |
4.3 Market Restraints |
4.3.1 High initial investment required for developing GNSS chip technology |
4.3.2 Concerns regarding data privacy and security in location-based services |
4.3.3 Intense competition from established players in the GNSS chip market |
5 Grenada GNSS Chip Market Trends |
6 Grenada GNSS Chip Market Segmentations |
6.1 Grenada GNSS Chip Market, By Device |
6.1.1 Overview and Analysis |
6.1.2 Grenada GNSS Chip Market Revenues & Volume, By Smartphones, 2021-2031F |
6.1.3 Grenada GNSS Chip Market Revenues & Volume, By Tablets, 2021-2031F |
6.1.4 Grenada GNSS Chip Market Revenues & Volume, By Personal Navigation Devices, 2021-2031F |
6.1.5 Grenada GNSS Chip Market Revenues & Volume, By In-Vehicle systems, 2021-2031F |
6.1.6 Grenada GNSS Chip Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada GNSS Chip Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada GNSS Chip Market Revenues & Volume, By Navigation, 2021-2031F |
6.2.3 Grenada GNSS Chip Market Revenues & Volume, By Mapping, 2021-2031F |
6.2.4 Grenada GNSS Chip Market Revenues & Volume, By Surveying, 2021-2031F |
6.2.5 Grenada GNSS Chip Market Revenues & Volume, By Location-Based Services, 2021-2031F |
6.2.6 Grenada GNSS Chip Market Revenues & Volume, By Telematics, 2021-2031F |
6.2.7 Grenada GNSS Chip Market Revenues & Volume, By Timing and Synchronization, 2021-2031F |
6.3 Grenada GNSS Chip Market, By Vertical |
6.3.1 Overview and Analysis |
6.3.2 Grenada GNSS Chip Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.3.3 Grenada GNSS Chip Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 Grenada GNSS Chip Market Revenues & Volume, By Agriculture, 2021-2031F |
6.3.5 Grenada GNSS Chip Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.6 Grenada GNSS Chip Market Revenues & Volume, By Military & Defense, 2021-2031F |
6.3.7 Grenada GNSS Chip Market Revenues & Volume, By Marine, 2021-2031F |
7 Grenada GNSS Chip Market Import-Export Trade Statistics |
7.1 Grenada GNSS Chip Market Export to Major Countries |
7.2 Grenada GNSS Chip Market Imports from Major Countries |
8 Grenada GNSS Chip Market Key Performance Indicators |
8.1 Average selling price (ASP) of GNSS chips |
8.2 Adoption rate of GNSS technology in emerging markets |
8.3 Number of patents filed for GNSS chip innovations |
9 Grenada GNSS Chip Market - Opportunity Assessment |
9.1 Grenada GNSS Chip Market Opportunity Assessment, By Device, 2021 & 2031F |
9.2 Grenada GNSS Chip Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada GNSS Chip Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Grenada GNSS Chip Market - Competitive Landscape |
10.1 Grenada GNSS Chip Market Revenue Share, By Companies, 2024 |
10.2 Grenada GNSS Chip 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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