Key Market Overview:
Positioning Systems Market size was estimated at USD 88.79 billion in 2022. It is expected to grow at a CAGR of 16.8% during the forecast period (2022–2030).
An object's current ground position can be found using the Global Positioning System (GPS), a satellite navigation tool. The GPS sector is expected to increase significantly as cellphones become more commonplace and there are more cars with GPS capabilities. Additionally, GPS is utilised in civil applications like shipping, road transportation, surveying and mapping, heavy vehicle guidance, rail transportation, financial services, and financial services.
A radio navigation system called GPS enables users on land, at sea, and in the air to pinpoint their precise location, speed, and time at any time, anywhere in the world. A network of 24 orbiting satellites in six different orbital trajectories at a distance of 11,000 nautical miles make up the satellite-based navigation system known as GPS.
|Report Attributes||Report Details|
|Market Size in 2022 (USD Billion)||88.79 Billion|
|By Deployment||Standalone Trackers, Portable Navigation Devices, Automotive Telematics Systems, and Consumer Devices|
|By Application||Road, Surveying and Mapping, Marine, Aviation, and Location-Based Service|
|By Geography||Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America [United States, Canada, Mexico] Middle East & Africa [GCC, North Africa, South Africa] South America [Brazil, Argentina, Columbia, Chile, Peru]|
|Key Players||Broadcom Inc., Collins Aerospace, a Raytheon Technologies Company, Garmin Ltd, Hexagon AB, MiTAC Digital Technology Corporation (Navman), Motorola Solutions Inc, Qualcomm Inc, Texas Instruments Incorporated, TomTom International BV, Trimble Inc., Geotab Inc., Telenav Inc., TRX Systems Inc., Sewio Networks, Xsens, Telit, Estimote Inc, WiFiSLAM (Apple), Walkbase, WiLocate (AISLE411), GPS Insight, Navisens Inc., Smart Navigation Systems|
We have conducted a 360-degree analysis of the Positioning Systems market. Approaches for both primary and secondary research. As a result, we were better able to comprehend current market dynamics, the supply-demand imbalance, pricing trends, product preferences, customer behaviours, and other factors. Primary research was used to further validate the findings with industry professionals and opinion leaders from other nations. Through a variety of market estimation and data validation procedures, the data is further collated and validated. Additionally, we have a model for internally generated data that forecasts market growth until 2030.
Positioning Systems Market: Segmentation
Global Positioning Systems Market Competitive Landscape:
The market research report on the Positioning Systems market comprises the compilation of quantitative and qualitative evaluations of the industry position. Additionally, the in-detailed analysis of the market trends adopted by the industry players and the macroeconomic indicators influencing the value chain of businesses provide a complete outlook of market circumstances. Thus, mentioned are the major industry players that make up the consolidated market concentration–
With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and an all-encompassing picture of the market conditions in the projected period, the Positioning Systems Market Research Report keeps a close eye on the leading competitors. It is an expertly written, in-depth study that emphasises key and secondary drivers, market share, top categories, and regional analysis. The paper also examines prominent actors, significant partnerships, mergers, and acquisitions, as well as popular innovations and business practises.
Overview of the market for Positioning Systems by region:
The market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa based on region (MEA). The North American continent is further divided into nations like the United States and Canada. Europe is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific make up the subregion of Asia Pacific. The MEA region is further separated into GCC, Turkey, South Africa, and Rest of MEA. The Latin America region is further divided into Brazil, Mexico, and Rest of Latin America.