Proving the Business Case for the Internet of Things

Growth in fitness tracking, wearables to boost semiconductor market

Iain Morris
May 14, 2014
The launch of new fitness-tracking and health-monitoring devices is helping to spur growth in the market for semiconductors incorporating global navigation satellite system (GNSS) technology, says ABI Research.

The market for GNSS integrated circuits is forecast to generate more than $2 billion in revenues by 2016, according to the company, with a host of secondary markets starting to emerge as well.

Expectations of future growth may explain why major technology players including Intel (San Jose, CA, USA) and Samsung (Seoul, South Korea) have recently acquired GNSS integrated circuit capabilities – creating competition for incumbents like Broadcom (Irvine, CA, USA), Qualcomm (San Diego, CA, USA) and Mediatek (Hsinchu, Taiwan) – says ABI.

The arrival of wearable technology has helped to create what ABI describes as “justified excitement” around indoor location, but GNSS remains an essential technology tying disparate networks together and remains the cornerstone of ubiquitous location, according to the market-research company.

“Indoor location will be a significant enabler for GNSS, driving growth in both commercial and personal asset tracking, the connected home and fitness and health,” said Patrick Connolly, a senior analyst with ABI. “Total GNSS IC revenues are set to hit $2.75 billion in 2019.”

The company adds that automotive M2M applications will also drive the take-up of GNSS technology.

“We can expect to see cars fitted with multiple GNSS ICs in the future,” said Dominique Bonte, a vice president with ABI. “Furthermore, there are strong signals satellite constellations such as Galileo and GLONASS will become mandated for regional automotive applications such as emergency calling.”
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