2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers Contributing to the Growth and Expansion of the Positioning Systems Market?

The rising number of autonomous vehicles is expected to drive the growth of the positioning systems market. Autonomous vehicles depend on precise positioning systems to navigate safely. The number of these vehicles is increasing due to advances in artificial intelligence and sensor technology. Positioning systems are essential for autonomous vehicles to ensure safe and reliable operation. The National Association of Insurance Commissioners expects 3.5 million autonomous vehicles on U.S. roads by 2025. This rise in autonomous vehicles is propelling the positioning systems market.

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#What is the Projected CAGR for the Positioning Systems Market Size from 2025 to 2034?

The positioning systems market will grow from $93.34 billion in 2024 to $108.78 billion in 2025, at a CAGR of 16.5%. The growth is attributed to rapid urbanization, the development of smart cities, the proliferation of GPS-enabled vehicles, the surge in social media usage, and the rise in e-hailing services.

The positioning systems market is forecasted to grow to $198.82 billion by 2029, at a CAGR of 16.3%. The market growth is attributed to demand for location-based services (LBS), autonomous vehicle adoption, the need for positioning systems in precision agriculture, 5G network integration, and smartphone penetration. Trends include IoT device usage, positioning technology advancements, driver-assistance technologies, infrastructure development, and GPS technology integration.

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What New Market Trends Are Reshaping thePositioning Systems Market and Its Opportunities?

Major companies in the positioning systems market are focusing on innovations like visual positioning systems (VPS) to gain a competitive edge. VPS technologies use visual data from cameras or sensors to enable accurate localization and navigation. For example, in February 2023, Immersal Oy, a Finland-based augmented reality company, launched the Immersal City-Scale Visual Positioning System. This system uses computer vision and machine learning to provide precise indoor and outdoor positioning, supporting applications such as smart city projects and retail experiences.

Who Are the Leading Market Players Fueling Growth in the Positioning Systems Market Trend?

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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How is the Global Positioning Systems Market Segemented?

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 Geographics are Influencing the Growth of 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.

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