Global Nano Positioning Systems Market to Reach $358.9 Million by 2030
The global market for Nano Positioning Systems estimated at US$155 Million in the year 2023, is expected to reach US$358.9 Million by 2030, growing at a CAGR of 12.7% over the analysis period 2023-2030. Optics Application, one of the segments analyzed in the report, is expected to record a 11.6% CAGR and reach US$140.9 Million by the end of the analysis period. Growth in the Automotive Application segment is estimated at 14.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $47.1 Million, While China is Forecast to Grow at 12.1% CAGR
The Nano Positioning Systems market in the U.S. is estimated at US$47.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$61.9 Million by the year 2030 trailing a CAGR of 12.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.9% and 10.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.5% CAGR.
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