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Automotive High-precision Positioning Market worth $28.18 billion by 2030, growing at a CAGR of 8.71% - Exclusive Report by 360iResearch
Automotive High-precision Positioning Market | 360iResearch
The Global Automotive High-precision Positioning Market to grow from USD 15.70 billion in 2023 to USD 28.18 billion by 2030, at a CAGR of 8.71%.
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Automotive high-precision positioning refers to the use of advanced satellite and ground-based technologies to determine the exact location of a vehicle with high accuracy, typically within a few centimeters. This technology is crucial for various applications in the automotive industry, including autonomous driving, vehicle-to-everything (V2X) communication, and advanced driver-assistance systems (ADAS). It leverages a combination of global navigation satellite systems (GNSS), real-time kinematic (RTK) positioning, and inertial navigation systems to achieve the desired precision. The growth in the development and adoption of autonomous vehicles is a major driver, as high-precision positioning is fundamental for their operation. The demand for improved safety features in vehicles, such as advanced emergency braking and lane-keeping assistance, relies heavily on precise positioning systems. Furthermore, governments and international bodies are increasingly mandating the inclusion of safety and navigation features that require high-accuracy positioning, stimulating market growth. However, the implementation of high-precision positioning technology can be expensive, and integrating high-precision positioning with existing automotive systems and standards poses significant challenges. Moreover, the collection and transfer of precise location data raise concerns regarding user privacy and data security. However, key players are exploring blockchain technology and advanced encryption protocols rto safeguard data privacy and security. Innovations in satellite technology, signal processing, and machine learning offer the potential to overcome existing limitations, improving accuracy and reducing costs.
In the Americas, the demand for high-precision positioning systems is driven by the push for autonomous driving technology, the robust automotive sector, and the proliferation of electric vehicles (EVs). Consumer behavior shows a strong interest in advanced vehicle technology, safety, and eco-friendly solutions. Recent investments have focused on the development of GPS-based positioning and LiDAR technologies. The government's support for innovation through investment in research and development labs has encouraged advancements in high-precision positioning. APAC's position as a crucial manufacturer of automotive components and automotive production positions the region as a pivotal landscape for high-precision automotive positioning systems. The Chinese government's backing, through initiatives and funding, has spurred significant research and development. Patents filed within China emphasize advancements in satellite positioning technologies and the integration of these systems into smart city infrastructures. Japanese companies are at the forefront of developing and implementing high-precision Global Navigation Satellite System(GNSS) and Inertial Navigation System(INS) technologies. India's automotive industry is witnessing a surge in demand for advanced vehicle technologies, with high-precision positioning systems gaining attention for their potential to improve safety and navigation in densely populated areas. The European Union's stringent regulations on vehicle safety and emissions have propelled advancements in automotive high-precision positioning systems. Consumer demand for sustainable and safe transportation options further drives the market. EU-wide initiatives, such as Galileo, Europe's own global navigation satellite system, highlight the commitment to achieving superior positioning accuracy. Research and patents in the EU often focus on enhancing interoperability among different positioning technologies and ensuring resilient navigation in challenging environments.
Market Segmentation & Coverage:
This research report categorizes the Automotive High-precision Positioning Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across Global Navigation Satellite System, Inertial Navigation System, LiDAR-Based Positioning Systems, Optical Positioning Systems, Real-Time Kinematic, and Ultrasonic Positioning Systems. The Ultrasonic Positioning Systems is projected to witness significant market share during forecast period.
Based on Application, market is studied across Advanced Driver Assistance Systems, Autonomous Vehicles, Fleet Management Systems, Telematics & Navigation Systems, and Vehicle-to-Everything (V2X) Communication Systems. The Vehicle-to-Everything (V2X) Communication Systems is projected to witness significant market share during forecast period.
Based on Vehicle Type, market is studied across Commercial Vehicles and Passenger Cars. The Commercial Vehicles is projected to witness significant market share during forecast period.
Based on End User, market is studied across Aftermarket Suppliers, Fleet Operators, Original Equipment Manufacturers, and Transportation & Logistics Companies. The Aftermarket Suppliers is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 40.54% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automotive High-precision Positioning Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive High-precision Positioning Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automotive High-precision Positioning Market, highlighting leading vendors and their innovative profiles. These include ComNav Technology Ltd., Continental AG, DENSO Corporatio, Furuno Electric Co., Ltd., Garmin Ltd, Harman International by Samsung Electronics Co., Ltd., HERE Global B.V., Hexagon AB, Hitachi Ltd, Mitsubishi Corporation, Murata Manufacturing Co., Ltd., NEC Corporation, NVIDIA Corporation, Qualcomm Technologies, Inc., Robert Bosch GmbH, Rockwell Automation, Inc., Septentrio N.V., Sony Group Corporation, Spirent Communications plc, STMicroelectronics International N.V., TE Connectivity Ltd., Teledyne Technologies Incorporated, Trimble Inc., u-blox AG, and Valeo.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive High-precision Positioning Market, by Technology
7. Automotive High-precision Positioning Market, by Application
8. Automotive High-precision Positioning Market, by Vehicle Type
9. Automotive High-precision Positioning Market, by End User
10. Americas Automotive High-precision Positioning Market
11. Asia-Pacific Automotive High-precision Positioning Market
12. Europe, Middle East & Africa Automotive High-precision Positioning Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automotive High-precision Positioning Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive High-precision Positioning Market?
3. What is the competitive strategic window for opportunities in the Automotive High-precision Positioning Market?
4. What are the technology trends and regulatory frameworks in the Automotive High-precision Positioning Market?
5. What is the market share of the leading vendors in the Automotive High-precision Positioning Market?
6. What modes and strategic moves are considered suitable for entering the Automotive High-precision Positioning Market?
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