Positioning System Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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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?