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Autonomous Vehicles Driving Growth In Positioning Systems Market Driver: A Major Catalyst in the Evolution of the Positioning Systems Market in 2025
Positioning Systems
The rising number of autonomous vehicles is expected to drive the growth of the positioning systems market. Autonomous vehicles, which use advanced sensor technologies and AI to navigate without human input, depend heavily on positioning systems to ensure safety and reliability. The increase in autonomous vehicles, driven by technological advancements and investments, is fueling demand for highly accurate positioning systems. The National Association of Insurance Commissioners projects 3.5 million autonomous vehicles in the U.S. by 2025 and 4.5 million by 2030. Thus, the growing number of autonomous vehicles is driving the positioning systems market.
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What Is the projected market size and growth rate for the positioning systems market?
The positioning systems market has grown rapidly in recent years. It will increase from $93.34 billion in 2024 to $108.78 billion in 2025, at a CAGR of 16.5%. The growth is driven by rapid urbanization, the development of smart cities, the proliferation of GPS-enabled vehicles, the rise in social media usage, and the increasing adoption of e-hailing services.
The positioning systems market is expected to grow to $198.82 billion by 2029, at a CAGR of 16.3%. Growth factors include the demand for location-based services (LBS), the adoption of autonomous vehicles, the need for positioning systems in precision agriculture, 5G network integration, and the growing penetration of smartphones. Major trends include the use of IoT devices, advancements in positioning technology, and integration with connected cars.
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What new trends are reshaping the positioning systems market and its opportunities?
Companies in the positioning systems market are focusing on enhancing their technologies, like visual positioning systems (VPS), to stay competitive. VPS uses visual data from cameras or sensors to enable precise localization and navigation of devices. Immersal Oy, a Finland-based AR company, launched the Immersal City-Scale Visual Positioning System in February 2023, utilizing computer vision and machine learning for highly reliable indoor and outdoor positioning. It supports features like 3D mapping and real-time localization, making it valuable for applications like smart cities and retail.
What major market segments define the scope and growth of the positioning systems market?
The positioning systems market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Technology: Satellite-Based, Non-Satellite Based
3) By Application: Navigation, Surveying And Mapping, Fleet Management, Geotagging, Other Applications
4) By End-User: Transportation And Logistics, Defense And Military, Healthcare, Aerospace, Agriculture, Consumer Electronics, Other End-Users
Subsegments:
1) By Hardware: GPS Receivers, Antennas, Sensors (Accelerometers, Gyroscopes), Processors, RF Modules, Other Hardware Components
2) By Software: Navigation Software, Mapping And Visualization Software, Positioning Software (GNSS, RTK, And Others), Data Processing Software, Application Software (Location-Based Services, Fleet Management)
3) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Cloud-Based Positioning Services, Training Services, Data Services (Satellite Data, Location-Based Analytics)
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Which region dominates the positioning systems market?
North America was the largest region in the positioning systems market in 2023. The regions covered in the positioning systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the positioning systems industry growth?
Major companies operating in the positioning systems market are General Electric Company, A.B Volvo, Qualcomm Inc., Broadcom Inc., ABB Ltd., L3 Harris Technologies Inc., Rolls Royce PLC., Wartsila, Hexagon AB, Trimble Navigation Ltd., Kongsberg Gruppen ASA, MiTAC Digital Technology Corporation, Royal IHC Ltd., Norr Systems Pte Ltd., RH Marine, Twin Disc inc., Moxa Inc., Alphatron Marine BV, Sonardyne International Ltd., Reygar Ltd., Thrustmaster of Texas Inc., Marine Technologies LLC, Navis Engineering, Raytheon Anschutz, Praxis Automation Technology BV
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What Is Covered In The Positioning Systems Global Market Report?
•Market Size Forecast: Examine the positioning systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the positioning systems market for a structured understanding.
•Key Players Overview: Analyze major players in the positioning systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the positioning systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the positioning systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the positioning systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the positioning systems market.
•Competitive Landscape: Review strategic developments in the positioning systems market, including expansions, agreements, and new product launches.
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