Automotive High-precision Positioning Market by Technology (Global Navigation Satellite System, Inertial Navigation System, LiDAR-Based Positioning Systems), Application (Advanced Driver Assistance Systems, Autonomous Vehicles, Fleet Management Systems),

Automotive High-precision Positioning Market by Technology (Global Navigation Satellite System, Inertial Navigation System, LiDAR-Based Positioning Systems), Application (Advanced Driver Assistance Systems, Autonomous Vehicles, Fleet Management Systems), Vehicle Type, End User - Global Forecast 2024-2030

The Automotive High-precision Positioning Market size was estimated at USD 15.70 billion in 2023 and expected to reach USD 17.00 billion in 2024, at a CAGR 8.71% to reach USD 28.18 billion by 2030.

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.

Regional Insights

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 Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive High-precision Positioning Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Growing demand for autonomous and semi-autonomous vehicles across the world
• Increasingly stringent regulatory standards for road and driver safety worldwide
• Consumer demand for more connected, smart, and efficient vehicles

Market Restraints

• Difficulties associated with integration and compatibility

Market Opportunities

• Advancements to improve the efficiency and performance of automotive high-precision positioning
• Integration with smart city initiatives and the ability of automotive high-precision positioning to achieve sustainability goals

Market Challenges

• Data privacy issues and technical failures of the technology

Market Segmentation Analysis

• Technology: Expanding preference for global navigation satellite system (GNSS) due to its global coverage, reliability, and extensive infrastructure
• Application: Need for precision and reliability in positioning for the efficient working of autonomous vehicles

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive High-precision Positioning Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive High-precision Positioning Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Qualcomm Introduces World’s First Wi-Fi 7 for Automotive

Qualcomm announced the launch of the novel Snapdragon Auto Connectivity platform, improving in-vehicle connectivity by integrating an array of technologies, including 5G/4G cellular, Wi-Fi, Bluetooth, C-V2X, and high-precision positioning solutions. This evolution caters to the burgeoning need for advanced applications and immersive in-vehicle experiences, marking a significant advancement in automotive connectivity.

Geely launches 11 low-orbit satellites for autonomous cars

Geely Holding Group, a Chinese automotive manufacturer, announced the successful deployment of 11 low-earth orbit satellites from the Xichang Satellite Launch Center in the Sichuan province. Geely's ambitious project aims to establish a robust satellite network, targeting a constellation of 72 satellites by 2025, with a long-term vision of reaching 240 satellites. The core mission of this satellite network is to deliver high-precision positioning support essential for the functionality of self-driving cars.

FocalPoint launches positioning software for urban driving

FocalPoint, a UK-based software entity, has unveiled its latest innovation, the S-GNSS Auto product. This software solution is specifically designed to enhance the accuracy, efficiency, and reliability of global navigation satellite system (GNSS) positioning for automotive original equipment manufacturers (OEMs). The S-GNSS Auto offers a comprehensive enhancement to autonomous vehicles (AVs) GNSS capabilities, addressing the notorious urban multipath interference issue.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive High-precision Positioning Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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.

Market Segmentation & Coverage

This research report categorizes the Automotive High-precision Positioning Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Technology
• Global Navigation Satellite System
• Inertial Navigation System
• LiDAR-Based Positioning Systems
• Optical Positioning Systems
• Real-Time Kinematic
• Ultrasonic Positioning Systems
• Application
• Advanced Driver Assistance Systems
• Autonomous Vehicles
• Fleet Management Systems
• Telematics & Navigation Systems
• Vehicle-to-Everything (V2X) Communication Systems
• Vehicle Type
• Commercial Vehicles
• Passenger Cars
• End User
• Aftermarket Suppliers
• Fleet Operators
• Original Equipment Manufacturers
• Transportation & Logistics Companies

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year