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Positioning System Market worth $181.10 billion by 2030, growing at a CAGR of 17.25% - Exclusive Report by 360iResearch
Positioning System Market | 360iResearch
The Global Positioning System Market to grow from USD 59.44 billion in 2023 to USD 181.10 billion by 2030, at a CAGR of 17.25%.
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A positioning system refers to the framework or technology used to identify the precise geographical location of a person or object on the Earth. The global positioning system (GPS) uses a constellation of satellites and their signals to triangulate positions. Positioning systems are fundamental in various applications, including navigation, mapping, and surveying, and in various industries, including agriculture and defense. The expanding demand for location-based services (LBS) and real-time location systems (RTLS) in industries such as transportation, logistics, and retail propel the adoption of these services. The increase in the adoption of mobile devices with GPS capabilities and technological advancements contribute to the surge in demand for high-precision and ubiquitous positioning solutions. However, dependence on satellite signals can be a hindrance when signal loss or degradation occurs, particularly in urban canyons or indoor environments where GPS has limited effectiveness. The need for constant innovation to improve accuracy, reduce costs, and integrate across diverse platforms and international regulations can pose operational challenges. Moreover, the development of robust systems capable of counteracting signal interference represents a significant technical challenge. Emerging opportunities include the integration of positioning systems with 5G technology, offering improved speed and reliability. The development of alternative positioning technologies, such as indoor positioning systems (IPS), and the increasing use of unmanned vehicles presents significant opportunities for market expansion.
Market Segmentation & Coverage:
This research report categorizes the Positioning System Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Function, market is studied across Automotive Telematics Systems, Consumer Devices, Portable Navigation Devices, and Standalone Trackers. The Consumer Devices is projected to witness significant market share during forecast period.
Based on Application, market is studied across Aviation, Location-Based Services, Marine, Road, and Surveying & Mapping. The Location-Based Services is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Positioning System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Positioning System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Positioning System Market, highlighting leading vendors and their innovative profiles. These include Broadcom Inc., Continental AG, Denso Corporation, Garmin Ltd., Geotab Inc., Hexagon AB, Maestro Wireless Solutions Ltd., Meitrack Group, Microchip Technology, Inc., Mio Technology Corporation, NXP Semiconductors N.V., Orbocomm Inc., Rockwell Collins, Inc., Sierra Wireless, Inc., Texas Instruments Inc., Trackimo LLC, Trimble Inc., and Xirgo Technologies, Inc..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Positioning System Market, by Function
7. Positioning System Market, by Application
8. Americas Positioning System Market
9. Asia-Pacific Positioning System Market
10. Europe, Middle East & Africa Positioning System Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Positioning System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Positioning System Market?
3. What is the competitive strategic window for opportunities in the Positioning System Market?
4. What are the technology trends and regulatory frameworks in the Positioning System Market?
5. What is the market share of the leading vendors in the Positioning System Market?
6. What modes and strategic moves are considered suitable for entering the Positioning System Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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