South & Central America GNSS Chip for Timing and Synchronization Market Size and Forecast (2021 - 2031)

April 2026 | 169 pages | ID: S73F8C56480BEN
The Insight Partners

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The South & Central America GNSS Chip for Timing and Synchronization Market is projected to grow significantly, reaching an estimated US$ 10,602.4 thousand by 2031, up from US$ 6,956.6 thousand in 2024. This growth reflects a compound annual growth rate (CAGR) of 6.5% from 2025 to 2031, indicating a robust demand for GNSS (Global Navigation Satellite System) chips in the region.

Executive Summary and Market Analysis

The GNSS chip market for timing and synchronization in South & Central America is categorized into several segments, including key countries such as Saudi Arabia, the UAE, South Africa, and the broader South & Central America region. Major international players are focusing on expanding their operations in this market. A notable example is the partnership between u-blox, a leading provider of positioning and wireless communication technologies, and Nordian, a US-based precision location technology firm. In January 2024, they announced the expansion of the PointPerfect GNSS correction service to Brazil, which is recognized as a promising market for high-precision GNSS applications. This service enhances GNSS signal accuracy by providing real-time satellite correction data, enabling centimeter-level precision.

The demand for high-precision GNSS data is increasing across various sectors in South & Central America, including agriculture, surveying, autonomous vehicles, and smart infrastructure. These sectors require GNSS chips that can efficiently process corrections while ensuring precise timing and synchronization, thus meeting stringent accuracy and reliability standards.

Strategic Insights

Market Segmentation Analysis

The South & Central America GNSS Chip for Timing and Synchronization Market is segmented by device and industry vertical.
  • By Device: The market includes Cellular Network Devices, Small Cells, Public Mobile Radios (PMR), Phazor Measurement Units (PMU), and Others. In 2024, the 'Others' category held the largest market share.
  • By Industry Vertical: The market is divided into Telecom and IT, Energy, Banking, Financial Services and Insurance (BFSI), Consumer Electronics, Automotive and Transportation, and Others. The Telecom and IT sector dominated the market in 2024.
Market Outlook

In the financial services sector, robust IT networks and systems are essential for ensuring high availability, security, and reliability. GNSS technology is increasingly utilized for synchronization and timestamping, which is critical for recording transactions chronologically. The advantages of using GNSS in financial transactions include:
  • Enhanced Security: GNSS-based timestamping provides a secure method for documenting transactions, making them tamper-proof.
  • Greater Dependability: GNSS offers a reliable timing source, reducing the risk of errors or disputes.
  • Regulatory Compliance: Financial institutions can meet regulatory requirements through GNSS-based timestamping, which ensures accurate time stamps for transactions, thereby enhancing security and protecting consumer data.
Most financial systems still rely on the Network Time Protocol (NTP) for time synchronization, which is performed within exchanges, data centers, and member units via local area network (LAN) connections. Typically, the reference clock is derived from a GNSS signal combined with a rubidium atomic clock.

Country Insights

The South & Central America GNSS Chip for Timing and Synchronization Market is further segmented by country, including Brazil, Argentina, and the Rest of South & Central America. Brazil is expected to hold the largest market share in 2024.

Several companies are actively enhancing GNSS services in Brazil. For instance, the collaboration between Nordian and u-blox to extend the PointPerfect GNSS correction service to Brazil is a significant development, as it supports high-precision applications in agriculture, service robotics, machinery automation, micro-mobility, and advanced automotive technologies such as lane-accurate navigation and telematics.

Additionally, in May 2023, Brazil's Ministry of Science, Technology and Innovation, along with the state-run research and industrial innovation company Embrapii, announced an investment of BRL 180 million (approximately US$ 36 million) to establish centers for competence in 5G and 6G research, immersive technologies, and Open RAN. This investment is expected to drive demand for GNSS chips, as precise timing and synchronization are critical for next-generation networks, thereby fostering local innovation and strengthening the market for advanced timing technologies.

Company Profiles

Key players in the South & Central America GNSS Chip for Timing and Synchronization Market include STMicroelectronics NV, Broadcom Inc, Safran SA, NovAtel Inc., Septentrio NV, u-blox Holding AG, Quectel Wireless Solutions Co., Ltd, Furuno Electric Co., Ltd., LOCOSYS Technology Inc., and Protempis, LLC. These companies are employing various strategies such as market expansion, product innovation, and mergers and acquisitions to enhance their offerings and increase their market share.

In conclusion, the South & Central America GNSS Chip for Timing and Synchronization Market is poised for significant growth, driven by advancements in technology and increasing demand across various sectors.
1. INTRODUCTION

1.1 Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Secondary Research
3.2 Primary Research
  3.2.1 Hypothesis formulation:
  3.2.2 Macroeconomic factor analysis:
  3.2.3 Developing base number:
  3.2.4 Data Triangulation:
  3.2.5 Country-level data:

4. GNSS CHIP FOR TIMING AND SYNCHRONIZATION MARKET LANDSCAPE

4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
  4.3.1 Raw Material Suppliers
  4.3.2 Manufacturers
  4.3.3 Distributors or Suppliers
  4.3.4 End-Use Industry
  4.3.5 List of Vendors in the Value Chain
4.4 Impact of Trump’s Reciprocal Tariffs

5. SOUTH & CENTRAL AMERICA GNSS CHIP FOR TIMING AND SYNCHRONIZATION MARKET - KEY MARKET DYNAMICS

5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints:

6. GNSS CHIP FOR TIMING AND SYNCHRONIZATION MARKET - SOUTH & CENTRAL AMERICA MARKET ANALYSIS

6.1 South & Central America GNSS Chip for Timing and Synchronization Market Revenue (US$ Thousand), 2024 - 2031
6.2 South & Central America GNSS Chip for Timing and Synchronization Market Forecast and Analysis

7. SOUTH & CENTRAL AMERICA GNSS CHIP FOR TIMING AND SYNCHRONIZATION MARKET REVENUE ANALYSIS - BY DEVICE

7.1 Cellular Network Devices
  7.1.1 Overview
  7.1.2 Cellular Network Devices: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
7.2 Small Cells
  7.2.1 Overview
  7.2.2 Small Cells: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
7.3 Public Mobile Radios (PMR)
  7.3.1 Overview
  7.3.2 Public Mobile Radios (PMR): South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
7.4 Phazor Measurement Units (PMU)
  7.4.1 Overview
  7.4.2 Phazor Measurement Units (PMU): South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
7.5 Others
  7.5.1 Overview
  7.5.2 Others: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)

8. SOUTH & CENTRAL AMERICA GNSS CHIP FOR TIMING AND SYNCHRONIZATION MARKET REVENUE ANALYSIS - BY INDUSTRY VERTICAL

8.1 Telecom and IT
  8.1.1 Overview
  8.1.2 Telecom and IT: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
8.2 Energy
  8.2.1 Overview
  8.2.2 Energy: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
8.3 BFSI
  8.3.1 Overview
  8.3.2 BFSI: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
8.4 Consumer Electronics
  8.4.1 Overview
  8.4.2 Consumer Electronics: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
8.5 Automotive and Transportation
  8.5.1 Overview
  8.5.2 Automotive and Transportation: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
8.6 Others
  8.6.1 Overview
  8.6.2 Others: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)

9. SOUTH & CENTRAL AMERICA GNSS CHIP FOR TIMING AND SYNCHRONIZATION MARKET - COUNTRY ANALYSIS

9.1 South & Central America
  9.1.1 South & Central America GNSS Chip for Timing and Synchronization Market Revenue and Forecast and Analysis - by Country
    9.1.1.1 South & Central America GNSS Chip for Timing and Synchronization Market Revenue and Forecast and Analysis - by Country
    9.1.2.2 Brazil: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
      9.1.2.2.1 Brazil: South & Central America GNSS Chip for Timing and Synchronization Market Share - by Device
      9.1.2.2.2 Brazil: South & Central America GNSS Chip for Timing and Synchronization Market Share - by Industry Vertical
    9.2.3.3 Argentina: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
      9.2.3.3.1 Argentina: South & Central America GNSS Chip for Timing and Synchronization Market Share - by Device
      9.2.3.3.2 Argentina: South & Central America GNSS Chip for Timing and Synchronization Market Share - by Industry Vertical
    9.3.4.4 Rest of South & Central America : South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
      9.3.4.4.1 Rest of South & Central America : South & Central America GNSS Chip for Timing and Synchronization Market Share - by Device
      9.3.4.4.2 Rest of South & Central America : South & Central America GNSS Chip for Timing and Synchronization Market Share - by Industry Vertical

10 COMPETITIVE LANDSCAPE

10.1 Heat Map Analysis by Key Players
10.2 Company Market Share Analysis, 2024

11 INDUSTRY LANDSCAPE

11.1 Overview
11.2 New Product Development
11.3 Merger and Acquisition
11.4 Other Strategic Developments

12 COMPANY PROFILES

12.1 STMicroelectronics NV
  12.1.1 Key Facts
  12.1.2 Business Description
  12.1.3 Products and Services
  12.1.4 Financial Overview
  12.1.5 SWOT Analysis
  12.1.6 Key Developments
12.2 Broadcom Inc
  12.2.1 Key Facts
  12.2.2 Business Description
  12.2.3 Products and Services
  12.2.4 Financial Overview
  12.2.5 SWOT Analysis
  12.2.6 Key Developments
12.3 Safran SA
  12.3.1 Key Facts
  12.3.2 Business Description
  12.3.3 Products and Services
  12.3.4 Financial Overview
  12.3.5 SWOT Analysis
  12.3.6 Key Developments
12.4 NovAtel Inc.
  12.4.1 Key Facts
  12.4.2 Business Description
  12.4.3 Products and Services
  12.4.4 Financial Overview
  12.4.5 SWOT Analysis
  12.4.6 Key Developments
12.5 Septentrio NV
  12.5.1 Key Facts
  12.5.2 Business Description
  12.5.3 Products and Services
  12.5.4 Financial Overview
  12.5.5 SWOT Analysis
  12.5.6 Key Developments
12.6 u-blox Holding AG
  12.6.1 Key Facts
  12.6.2 Business Description
  12.6.3 Products and Services
  12.6.4 Financial Overview
  12.6.5 SWOT Analysis
  12.6.6 Key Developments
12.7 Quectel Wireless Solutions Co Ltd
  12.7.1 Key Facts
  12.7.2 Business Description
  12.7.3 Products and Services
  12.7.4 Financial Overview
  12.7.5 SWOT Analysis
  12.7.6 Key Developments
12.8 Furuno Electric Co Ltd
  12.8.1 Key Facts
  12.8.2 Business Description
  12.8.3 Products and Services
  12.8.4 Financial Overview
  12.8.5 SWOT Analysis
  12.8.6 Key Developments
12.9 LOCOSYS Technology Inc.
  12.9.1 Key Facts
  12.9.2 Business Description
  12.9.3 Products and Services
  12.9.4 Financial Overview
  12.9.5 SWOT Analysis
  12.9.6 Key Developments
12.10 Protempis, LLC
  12.10.1 Key Facts
  12.10.2 Business Description
  12.10.3 Products and Services
  12.10.4 Financial Overview
  12.10.5 SWOT Analysis
  12.10.6 Key Developments

13. APPENDIX

13.1 About The Insight Partners
LIST OF TABLES


Table 1. South & Central America GNSS Chip for Timing and Synchronization Market Segmentation
Table 2. List of Vendors
Table 3. South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Table 4. South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand) - by Device
Table 5. South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand) - by Industry Vertical
Table 6. South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand) - by Country
Table 7. Brazil: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand) - by Device
Table 8. Brazil: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand) - by Industry Vertical
Table 9. Argentina: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand) - by Device
Table 10. Argentina: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand) - by Industry Vertical
Table 11. Rest of South & Central America : South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand) - by Device
Table 12. Rest of South & Central America : South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand) - by Industry Vertical
Table 13. Heat Map Analysis by Key Players
LIST OF FIGURES


Figure 1. South & Central America GNSS Chip for Timing and Synchronization Market Segmentation - Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: GNSS Chip for Timing and Synchronization Market
Figure 4. South & Central America GNSS Chip for Timing and Synchronization Market - Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. South & Central America GNSS Chip for Timing and Synchronization Market Revenue (US$ Thousand), 2024 - 2031
Figure 7. South & Central America GNSS Chip for Timing and Synchronization Market Share (%) - by Device, 2024 and 2031
Figure 8. Cellular Network Devices: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Figure 9. Small Cells: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Figure 10. Public Mobile Radios (PMR): South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Figure 11. Phazor Measurement Units (PMU): South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Figure 12. Others: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Figure 13. South & Central America GNSS Chip for Timing and Synchronization Market Share (%) - by Industry Vertical, 2024 and 2031
Figure 14. Telecom and IT: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Figure 15. Energy: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Figure 16. BFSI: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Figure 17. Consumer Electronics: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Figure 18. Automotive and Transportation: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Figure 19. Others: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Figure 20. South & Central America GNSS Chip for Timing and Synchronization Market Breakdown by Key Countries, 2024 and 2031 (%)
Figure 21. Brazil: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Figure 22. Argentina: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Figure 23. Rest of South & Central America: South & Central America GNSS Chip for Timing and Synchronization Market - Revenue and Forecast, 2021 - 2031 (US$ Thousand)
Figure 24. Company Market Share Analysis, 2024


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