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Positioning System Trends and Forecast
The future of the global positioning system market looks promising with opportunities in the road, aviation, marine, location based service, and surveying & mapping markets. The global positioning system market is expected to reach an estimated $199 billion by 2030 with a CAGR of 15.7% from 2024 to 2030. The major drivers for this market are rising penetration of smartphones, growing adoption of GPS-enabled vehicles, and introduction of advanced technologies, such as 4G, 5G , and IoT.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Positioning System by Segment
The study includes a forecast for the global positioning system by deployment type, application, and region.
Positioning System Market by Deployment Type [Shipment Analysis by Value from 2018 to 2030]:
• Standalone Trackers
• Portable Navigation Devices
• Automotive Telematics Systems
• Consumer Devices
• Others
Positioning System Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Road
• Aviation
• Marine
• Location Based Services
• Surveying & Mapping
• Others
Positioning System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Positioning System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies positioning system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the positioning system companies profiled in this report include-
• Hexagon
• Qualcomm Technologies
• Broadcom
• Trimble
• MiTAC
Positioning System Market Insights
Lucintel forecasts that consumer device will remain the largest segment over the forecast period due to increasing penetration of smartphones, tablets, and PCs across the globe.
Within this market, location based service will remain the largest segment due to increasing inclination towards online shopping and e-hailing service.
North America will remain the largest region over the forecast period due to growing military spendings by governments and rising penetration of smartphones in the region.
Features of the Global Positioning System Market
Market Size Estimates: Positioning system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Positioning system market size by deployment type, application, and region in terms of value ($B).
Regional Analysis: Positioning system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different deployment types, applications, and regions for the positioning system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the positioning system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the positioning system market size?
Answer: The global positioning system market is expected to reach an estimated $199 billion by 2030.
Q2. What is the growth forecast for positioning system market?
Answer: The global positioning system market is expected to grow with a CAGR of 15.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the positioning system market?
Answer: The major drivers for this market are rising penetration of smartphones, growing adoption of GPS-enabled vehicles, and introduction of advanced technologies, such as 4G, 5G , and IoT.
Q4. What are the major segments for positioning system market?
Answer: The future of the positioning system market looks promising with opportunities in the road, aviation, marine, location based service, and surveying & mapping markets.
Q5. Who are the key positioning system market companies?
Answer: Some of the key positioning system companies are as follows:
• Hexagon
• Qualcomm Technologies
• Broadcom
• Trimble
• MiTAC
Q6. Which positioning system market segment will be the largest in future?
Answer: Lucintel forecasts that consumer device will remain the largest segment over the forecast period due to increasing penetration of smartphones, tablets, and PCs across the globe.
Q7. In positioning system market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to growing military spendings by governments and rising penetration of smartphones in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the positioning system market by deployment type (standalone tracker, portable navigation devices, automotive telematics systems, consumer devices, and others), application (road, aviation, marine, location based services, surveying & mapping, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Positioning System Market, Positioning System Market Size, Positioning System Market Growth, Positioning System Market Analysis, Positioning System Market Report, Positioning System Market Share, Positioning System Market Trends, Positioning System Market Forecast, Positioning System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Positioning System Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Positioning System Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Positioning System Market by Deployment Type
3.3.1: Standalone Trackers
3.3.2: Portable Navigation Devices
3.3.3: Automotive Telematics Systems
3.3.4: Consumer Devices
3.3.5: Others
3.4: Global Positioning System Market by Application
3.4.1: Road
3.4.2: Aviation
3.4.3: Marine
3.4.4: Location Based Services
3.4.5: Surveying & Mapping
3.4.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Positioning System Market by Region
4.2: North American Positioning System Market
4.2.2: North American Positioning System Market by Application: Road, Aviation, Marine, Location Based Services, Surveying & Mapping, and Others
4.3: European Positioning System Market
4.3.1: European Positioning System Market by Deployment Type: Standalone Trackers, Portable Navigation Devices, Automotive Telematics Systems, Consumer Devices, and Others
4.3.2: European Positioning System Market by Application: Road, Aviation, Marine, Location Based Services, Surveying & Mapping, and Others
4.4: APAC Positioning System Market
4.4.1: APAC Positioning System Market by Deployment Type: Standalone Trackers, Portable Navigation Devices, Automotive Telematics Systems, Consumer Devices, and Others
4.4.2: APAC Positioning System Market by Application: Road, Aviation, Marine, Location Based Services, Surveying & Mapping, and Others
4.5: ROW Positioning System Market
4.5.1: ROW Positioning System Market by Deployment Type: Standalone Trackers, Portable Navigation Devices, Automotive Telematics Systems, Consumer Devices, and Others
4.5.2: ROW Positioning System Market by Application: Road, Aviation, Marine, Location Based Services, Surveying & Mapping, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Positioning System Market by Deployment Type
6.1.2: Growth Opportunities for the Global Positioning System Market by Application
6.1.3: Growth Opportunities for the Global Positioning System Market by Region
6.2: Emerging Trends in the Global Positioning System Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Positioning System Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Positioning System Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Hexagon
7.2: Qualcomm Technologies
7.3: Broadcom
7.4: Trimble
7.5: MiTAC
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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