Positioning Systems Global Market Report 2024

The positioning systems market size has grown rapidly in recent years. It will grow from $80.29 billion in 2023 to $93.34 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The expansion observed in the historical period can be credited to the swift pace of urbanization, the emergence of smart cities, the widespread use of GPS-equipped vehicles, the upsurge in social media utilization, and the growing acceptance of e-hailing services.

The positioning systems market size is expected to see rapid growth in the next few years. It will grow to $171.16 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%. the anticipated growth in the upcoming period is linked to the escalating demand for location-based services (LBS), the rising integration of autonomous vehicles, the increasing necessity for precision agriculture's positioning systems, the incorporation of 5G networks, and the expanding prevalence of smartphones. Key trends expected in the forecast period encompass the deployment of Internet of Things (IoT) devices, advancements in positioning technology, a focus on driver-assistance technologies and connected cars, substantial infrastructure enhancements, and the integration of GPS technology.

The surge in autonomous vehicles is poised to drive the growth of the positioning systems market in the coming years. Autonomous vehicles, which are self-driving cars equipped with advanced sensor technologies, computer systems, and artificial intelligence, operate and navigate without constant human intervention. The increasing adoption of autonomous vehicles can be attributed to advancements in artificial intelligence and sensor technology, as well as significant investment and support from private companies and governments to improve safety and efficiency in transportation. Positioning systems play a critical role in supporting this technology, providing the accuracy, integrity, and shared reference frame necessary for safe and reliable self-driving capabilities as autonomous vehicles become more prevalent. For example, based on data from the National Association of Insurance Commissioners in December 2022, it is projected that there will be 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030. Hence, the rising number of autonomous vehicles is a key driver of the positioning systems market.

Leading companies in the positioning systems market are concentrating on advancing positioning technology, such as visual positioning systems, to gain a competitive advantage. Visual positioning systems (VPS) utilize visual information from cameras or sensors to accurately localize and navigate objects or devices in the physical world. For instance, in February 2023, Immersal Oy, a Finland-based augmented reality company, introduced the Immersal City-Scale Visual Positioning System. This innovative solution employs computer vision and machine learning to deliver highly precise indoor and outdoor positioning, facilitating seamless augmented reality experiences. The Immersal system offers advanced features such as automatic 3D mapping, real-time localization, and compatibility with multiple devices, making it a valuable tool for various applications, including smart city initiatives, facility management, and retail experiences.

In September 2023, HAV Group ASA, a Norway-based water supply company, acquired Undheim Systems AS for an undisclosed sum. The acquisition aims to integrate Undheim Systems' dynamic positioning technology with HAV Group's smart navigation system, providing innovative solutions to enhance vessel control and safety while promoting sustainability and efficiency in operations. Undheim Systems AS specializes in manufacturing positioning systems, particularly dynamic positioning systems.

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.

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.

The countries covered in the positioning systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Positioning systems are technologies used to ascertain the location of an object or individual, utilizing satellites, radio waves, or other means to provide precise geographic coordinates. They utilize diverse methods such as radio signals or optical sensors to offer accurate positional data and are indispensable in navigation, tracking, and mapping across various industries.

The key components of positioning systems encompass hardware, software, and services. Hardware comprises devices such as GPS receivers, antennas, and other elements facilitating the reception and processing of location signals. These systems encompass satellite-based and non-satellite-based technologies employed in applications such as navigation, surveying, mapping, fleet management, geotagging, and more. They cater to diverse end-users including transportation, logistics, defense, healthcare, aerospace, agriculture, consumer electronics, among others.

The positioning systems market research report is one of a series of new reports that provides positioning systems market statistics, including positioning systems industry global market size, regional shares, competitors with a positioning systems market share, detailed positioning systems market segments, market trends, and opportunities, and any further data you may need to thrive in the positioning systems industry. This positioning systems research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The positioning systems market consists of revenues earned by entities by providing services such as geospatial analytical services, precision agriculture services, and surveying services. The market value includes the value of related goods sold by the service provider or included within the service offering. The positioning systems market also includes sales of software analytics platforms, indoor positioning systems, integrated positioning solutions, and specialized positioning systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.