In a mobile world, we’re now realizing that one of the absolute must-haves in most devices is positioning. Some applications are already commonplace: navigation in our phones and cars, finding wherever we parked the car or keeping track of our kids. Growing even faster is location services for the IoT in general, for drones, logistics tracking, positioning for static devices in agriculture and urban automation.
The market for GNSS is expected to grow at a CAGR of 17% through 2025, according to GlobeNewsWire. Markets and Markets expect the IoT location market to show a CAGR of nearly 38% through the end of 2022.
