| Product Code: ETC7371035 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a high concentration of imports from top countries like USA, Trinidad and Tobago, China, UK, and Barbados, Grenada experienced a significant decline in the GPS chips market in 2024. The negative compound annual growth rate (CAGR) of -8.09% from 2020 to 2024, coupled with a sharp decline in growth rate from 2023 to 2024 at -37.38%, indicates a challenging market environment. Grenada may need to explore strategies to revitalize its GPS chips import sector and potentially diversify its import sources to mitigate risks associated with high concentration levels.
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 GPS (Positioning System) Chips Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada GPS (Positioning System) Chips Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada GPS (Positioning System) Chips Market - Industry Life Cycle |
3.4 Grenada GPS (Positioning System) Chips Market - Porter's Five Forces |
3.5 Grenada GPS (Positioning System) Chips Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Grenada GPS (Positioning System) Chips Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada GPS (Positioning System) Chips Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada GPS (Positioning System) Chips Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for accurate location tracking and navigation systems in various industries such as automotive, logistics, and agriculture. |
4.2.2 Technological advancements in GPS chip manufacturing leading to more efficient and precise positioning capabilities. |
4.2.3 Growing adoption of IoT devices and smart technologies that require GPS chips for location-based services. |
4.3 Market Restraints |
4.3.1 High initial investment and manufacturing costs associated with developing GPS chips with advanced features. |
4.3.2 Privacy concerns and regulatory challenges related to the collection and use of location data. |
4.3.3 Competition from alternative positioning technologies such as Galileo and GLONASS impacting market share. |
5 Grenada GPS (Positioning System) Chips Market Trends |
6 Grenada GPS (Positioning System) Chips Market, By Types |
6.1 Grenada GPS (Positioning System) Chips Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada GPS (Positioning System) Chips Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Grenada GPS (Positioning System) Chips Market Revenues & Volume, By Simple Type, 2021- 2031F |
6.1.4 Grenada GPS (Positioning System) Chips Market Revenues & Volume, By Professional Type, 2021- 2031F |
6.1.5 Grenada GPS (Positioning System) Chips Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Grenada GPS (Positioning System) Chips Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada GPS (Positioning System) Chips Market Revenues & Volume, By Navigation, 2021- 2031F |
6.2.3 Grenada GPS (Positioning System) Chips Market Revenues & Volume, By Mobile Phone, 2021- 2031F |
6.2.4 Grenada GPS (Positioning System) Chips Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Grenada GPS (Positioning System) Chips Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Grenada GPS (Positioning System) Chips Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.3.3 Grenada GPS (Positioning System) Chips Market Revenues & Volume, By Automotive, 2021- 2031F |
6.3.4 Grenada GPS (Positioning System) Chips Market Revenues & Volume, By Military and Defence, 2021- 2031F |
6.3.5 Grenada GPS (Positioning System) Chips Market Revenues & Volume, By Transportation, 2021- 2031F |
6.3.6 Grenada GPS (Positioning System) Chips Market Revenues & Volume, By Aerospace, 2021- 2031F |
6.3.7 Grenada GPS (Positioning System) Chips Market Revenues & Volume, By Others, 2021- 2031F |
7 Grenada GPS (Positioning System) Chips Market Import-Export Trade Statistics |
7.1 Grenada GPS (Positioning System) Chips Market Export to Major Countries |
7.2 Grenada GPS (Positioning System) Chips Market Imports from Major Countries |
8 Grenada GPS (Positioning System) Chips Market Key Performance Indicators |
8.1 Average selling price (ASP) of GPS chips in the market. |
8.2 Adoption rate of GPS chips in emerging applications and industries. |
8.3 Percentage of GPS chip manufacturers investing in research and development for next-generation positioning technologies. |
9 Grenada GPS (Positioning System) Chips Market - Opportunity Assessment |
9.1 Grenada GPS (Positioning System) Chips Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Grenada GPS (Positioning System) Chips Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada GPS (Positioning System) Chips Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada GPS (Positioning System) Chips Market - Competitive Landscape |
10.1 Grenada GPS (Positioning System) Chips Market Revenue Share, By Companies, 2024 |
10.2 Grenada GPS (Positioning System) Chips 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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