Market Overview:
The global path guidance market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for path guidance systems in automotive and military applications. Path guidance systems are used in various applications such as automotive, military, transportation, and others. The increasing demand for path guidance systems from these end-use industries is driving the growth of the global path guidance market. The global path guidance market by type is segmented into magnetic bar, optical guidanc (OG), magnetic tape, laser guidanc (LG), indoor Global Positioning System (iGPS), and attitude heading reference system (AHRS).
Product Definition:
Path guidance is a method of navigation that uses predetermined paths, or "routes", to guide a user from one location to another. This can be done through the use of electronic maps, which are then used by devices such as smartphones or GPS receivers to provide directions. Path guidance is often seen as an important tool for helping people find their way in unfamiliar areas, and it has become increasingly popular with the rise of portable devices like smartphones.
Magnetic Bar:
Magnetic bar is a device that consists of two parallel bars magnetized in the same direction. It generates an electromagnetic field around it which can be used for various applications such as magnetic levitation, sound wave manipulation and particle attraction. The most common way to create a magnetic bar is by using electromagnets with different poles facing each other; this creates a strong enough force to hold any metal object at the desired location.
Optical Guidance (OG):
Optical guidance is a technique used in the medical industry for surgeries. It helps surgeons to locate and cut out cancer cells or other diseased tissues during surgery. The optical guidance system consists of three components namely light source, detector, and processor which are placed in a specific order. The light source can be an LED or laser while the detector can be an image sensor like CCD (Charge Coupled Device) or CMOS (Complementary Metal Oxide Semiconductor).
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The increasing need for path guidance systems in automobiles to improve accuracy of trajectory tracking and navigation is anticipated to drive demand. Furthermore, introduction of advanced technologies such as indoor GPS has enabled users with a highly accurate position fix even in buildings, which further propels industry growth.
The military segment accounted for a significant share owing to growing concerns regarding national security during times of armed conflicts or natural disasters. Governments across the world are increasingly deploying these systems owing to their abilityto provide highly reliable track-based navigation information during emergencies or evacuations, thereby boosting industry growth over the coming years.
Other applications include consumer electronics & appliances; construction & infrastructure; agriculture & forestry; marine applications including ships and boats; mobile devices including smartphones.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of prominent players such as Global Positioning System, Inc.; Trimble Navigation Ltd; and Lockheed Martin Corporation. The region is expected to maintain its dominance over the forecast period due to increasing investments in R&D activities for developing advanced systems. Moreover, growing demand for navigation devices from consumers is also anticipated to drive growth during the forecast period.
Asia Pacific regional market captured a significant share in 2017 owing to increasing adoption of GPS technology by smartphone users across countries such as China and India. In addition, rising number of tourists using GPS system-enabled apps on their smartphones while traveling across countries would further boost growth during the projected time frame. Additionally, government initiatives are being undertaken in order for improving road infrastructure within Asia Pacific region which would subsequently increase demand over next eight years (2030).
Growth Factors:
- Increasing demand for smartphones and other mobile devices is expected to drive the growth of the path guidance market over the forecast period.
- The advent of location-based services (LBS) is anticipated to fuel the demand for path guidance solutions in the coming years.
- Rising number of tourists and increasing spending on tourism are expected to boost the growth of this market in near future.
- Growing adoption of GPS-enabled devices is projected to propel market growth during forecast period. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Path Guidance Market Research Report
By Type
Magnetic Bar, Optical Guidance (OG), Magnetic Tape, Laster Guidance, Indoor Global Positioning System, Attitude Heading Reference System
By Application
Automotive, Military, Transportation, Others
By Companies
Fori Automation, Siasum, Days Pro International, Qingdao Jinshuo Automation, mag AG, BERNSTEIN AG, Bogen Electronic GmbH, celduc relais, IKA, J.P Selecta, PILZ, SIKO GmbH, Techne, Teledyne Test Services, Thermo Scientific, VELP Scientifica
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Path Guidance Market Report Segments:
The global Path Guidance market is segmented on the basis of:
Types
Magnetic Bar, Optical Guidance (OG), Magnetic Tape, Laster Guidance, Indoor Global Positioning System, Attitude Heading Reference System
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
Automotive, Military, Transportation, Others
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:
- Fori Automation
- Siasum
- Days Pro International
- Qingdao Jinshuo Automation
- mag AG
- BERNSTEIN AG
- Bogen Electronic GmbH
- celduc relais
- IKA
- J.P Selecta
- PILZ
- SIKO GmbH
- Techne
- Teledyne Test Services
- Thermo Scientific
- VELP Scientifica
Highlights of The Path Guidance 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:
- Magnetic Bar
- Optical Guidance (OG)
- Magnetic Tape
- Laster Guidance
- Indoor Global Positioning System
- Attitude Heading Reference System
- By Application:
- Automotive
- Military
- Transportation
- Others
- 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 Path Guidance 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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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
Frequently Asked Questions?
Path guidance is a feature in the Google Maps app that helps you find your way around. It uses your current location and recent activity to suggest routes and paths.
Some of the major companies in the path guidance market are Fori Automation, Siasum, Days Pro International, Qingdao Jinshuo Automation, mag AG, BERNSTEIN AG, Bogen Electronic GmbH, celduc relais, IKA, J.P Selecta, PILZ, SIKO GmbH, Techne, Teledyne Test Services, Thermo Scientific, VELP Scientifica.
The path guidance market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Path Guidance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Path Guidance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Path Guidance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Path Guidance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Path Guidance Market Size & Forecast, 2020-2028
4.5.1 Path Guidance Market Size and Y-o-Y Growth
4.5.2 Path Guidance Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Magnetic Bar
5.2.2 Optical Guidance (OG)
5.2.3 Magnetic Tape
5.2.4 Laster Guidance
5.2.5 Indoor Global Positioning System
5.2.6 Attitude Heading Reference System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Military
6.2.3 Transportation
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Path Guidance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Path Guidance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Magnetic Bar
9.6.2 Optical Guidance (OG)
9.6.3 Magnetic Tape
9.6.4 Laster Guidance
9.6.5 Indoor Global Positioning System
9.6.6 Attitude Heading Reference System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Military
9.10.3 Transportation
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Magnetic Bar
10.6.2 Optical Guidance (OG)
10.6.3 Magnetic Tape
10.6.4 Laster Guidance
10.6.5 Indoor Global Positioning System
10.6.6 Attitude Heading Reference System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Military
10.10.3 Transportation
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Magnetic Bar
11.6.2 Optical Guidance (OG)
11.6.3 Magnetic Tape
11.6.4 Laster Guidance
11.6.5 Indoor Global Positioning System
11.6.6 Attitude Heading Reference System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Military
11.10.3 Transportation
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Magnetic Bar
12.6.2 Optical Guidance (OG)
12.6.3 Magnetic Tape
12.6.4 Laster Guidance
12.6.5 Indoor Global Positioning System
12.6.6 Attitude Heading Reference System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Military
12.10.3 Transportation
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Magnetic Bar
13.6.2 Optical Guidance (OG)
13.6.3 Magnetic Tape
13.6.4 Laster Guidance
13.6.5 Indoor Global Positioning System
13.6.6 Attitude Heading Reference System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Military
13.10.3 Transportation
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Path Guidance Market: Competitive Dashboard
14.2 Global Path Guidance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fori Automation
14.3.2 Siasum
14.3.3 Days Pro International
14.3.4 Qingdao Jinshuo Automation
14.3.5 mag AG
14.3.6 BERNSTEIN AG
14.3.7 Bogen Electronic GmbH
14.3.8 celduc relais
14.3.9 IKA
14.3.10 J.P Selecta
14.3.11 PILZ
14.3.12 SIKO GmbH
14.3.13 Techne
14.3.14 Teledyne Test Services
14.3.15 Thermo Scientific
14.3.16 VELP Scientifica
