Global Automotive High-precision Positioning Technology Market by Type (Signal-based Positioning, Inertial Navigation Positioning, Integrated Positioning Technology), By Application (Passenger Car, Commercial Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global automotive high-precision positioning technology market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for advanced navigation and safety features in passenger cars and commercial vehicles. Based on type, the signal-based positioning segment is expected to account for a major share of the global automotive high-precision positioning technology market during the forecast period. This can be attributed to the growing demand for real-time navigation assistance systems in passenger cars. However, inertial navigation positioning is expected to register highest CAGR over the forecast period owing to its ability provide accurate position information even under difficult operating conditions. On basis of application, passenger car segment is anticipated hold dominant share in global automotive high precision positioning technology market throughout forecast period while commercial vehicle segment would exhibit highest CAGR over same duration . Increasing adoption of advanced driver assistance systems (ADAS) such as lane departure warning system (LDWS), blind spot detection system (BSD), forward collision warning system (FCWS), etc.



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Product Definition:

High-precision positioning technology is a technology used in automotive applications to achieve high levels of accuracy and precision in the positioning of components and systems. The importance of high-precision positioning technology lies in its ability to enable the accurate control of movement and placement of automotive parts, resulting in improved overall performance and safety.

Signal-based Positioning:

Signal-based positioning (SBS) is a technology that uses signals from an external source such as Global Navigation Satellite System (GNSS) for the precise location of a vehicle. The use of SBS has increased owing to its cost-effectiveness and accuracy over other positioning technologies. It also offers high flexibility in terms of application and deployment since it does not require additional infrastructure for signal reception, thus making it suitable for automotive applications where there is limited space available.

Inertial Navigation Positioning:

Inertial navigation positioning is a technology that uses the earth's gravity and the motion of an object to determine its location. The main components involved in inertial navigation are a sensor, control unit, and output device. Inertial guidance uses conservation of momentum and energy to calculate position. It works by measuring the speed at which an object is moving through space using various gyroscopes or accelerometers present on board.

Application Insights:

Passenger car segment dominated the overall market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for passenger cars from developing countries such as China, India and Brazil. Furthermore, stringent government regulations regarding road safety are anticipated to further propel the adoption of automotive high-precision position technology in this application segment over the coming years.

Commercial vehicle segment is also expected to witness significant growth on account of rising demand for goods transportation services across various regions including North America and Europe Pacific. In addition, technological advancements coupled with growing awareness regarding advanced commercial vehicles among consumers are likely to drive industry growth over the forecast period.

Regional Analysis:

The North American region dominated the global market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for high-precision automotive positioning systems from OEMs and aftermarket service providers. The U.S., being a developed economy, has witnessed significant adoption of these technologies by major manufacturers such as General Motors, Ford Motor Company, and Tesla Motors Inc.; thereby boosting regional growth.

Asia Pacific is expected to witness substantial growth over the forecast period owing to rising investments by key industry players such as Continental AG; Denso Corporation; ZF Friedrichshafen AG; Autoliv, Inc.; and Robert Bosch GmbH & Co., which are introducing new products and expanding their geographical reach across this region.

Growth Factors:

Increasing demand for high-precision positioning technology in the automotive industry for advanced driver assistance systems (ADAS) and autonomous driving.
Growing demand for 3D printing in the automotive sector to produce lightweight and customized parts.
Proliferation of electric vehicles (EVs) that require high-precision positioning systems to track battery status and charging points.
Development of advanced mapping technologies that provide real-time updates on road conditions, traffic, and obstacles.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive High-precision Positioning Technology Market Research Report
By Type
Signal-based Positioning, Inertial Navigation Positioning, Integrated Positioning Technology
By Application
Passenger Car, Commercial Vehicle
By Companies
Broadgnss Technologies, Swift Navigation, UniStrong, Kunchen, Jingwei Technology, ComNav Technology, Septentrio, Sixents Technology, Mitsubishi Electric, China Mobile, Beijing Xilang Technology, Asensing Technology, Baidu, Sandcanyon Tech, Google, AutoNavi, WeRide
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.

Global Automotive High-precision Positioning Technology Market Report Segments:
The global Automotive High-precision Positioning Technology market is segmented on the basis of:
Types
Signal-based Positioning, Inertial Navigation Positioning, Integrated Positioning Technology
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Broadgnss Technologies
Swift Navigation
UniStrong
Kunchen
Jingwei Technology
ComNav Technology
Septentrio
Sixents Technology
Mitsubishi Electric
China Mobile
Beijing Xilang Technology
Asensing Technology
Baidu
Sandcanyon Tech
Google
AutoNavi
WeRide



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Highlights of The Automotive High-precision Positioning Technology Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Signal-based Positioning
Inertial Navigation Positioning
Integrated Positioning Technology
By Application:
Passenger Car
Commercial Vehicle
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive High-precision Positioning Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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