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Automotive High-precision Positioning Market Size

Report ID: GMI10971
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Published Date: August 2024
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Report Format: PDF

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Automotive High-precision Positioning Market Size

Automotive High-precision Positioning Market size was valued at USD 15.5 billion in 2023 and is anticipated to grow at a CAGR of over 8% between 2024 and 2032, driven by the increasing adoption of advanced driver assistance systems (ADAS). As automakers prioritize improving vehicle safety and performance, ADAS technologies, such as lane-keeping assist and automated parking, rely on precise positioning data.

 

Automotive High-precision Positioning Market

High precision positioning systems, including GPS and GNSS technologies, play a crucial role in delivering the accuracy needed for these systems to function effectively. The increasing government focus on introduction on new regulation related to vehicle automation drives the demand for advanced positioning solutions. For instance, the European Union announced new regulations related to active safety features in vehicles, including speed limiters. The New Vehicle General Safety Regulation (GSR2) or Regulation (EU) 2019/2144, updates the minimum performance standards for motor vehicles, requiring the addition of several advanced driver assistance systems (ADAS).

 

The rapid expansion of connected vehicle ecosystems drives the demand for automotive high-precision positioning market. As vehicles increasingly integrate with the Internet of Things (IoT) and communicate with infrastructure accurate positioning becomes essential for real-time data exchange and coordination. Connected vehicle technologies enable features such as automotive vehicle-to-everything (V2X) communication, which improves traffic management, and supports smart navigation services.

 

The growth of 5G networks further boosts this trend by providing the high-speed, low-latency connectivity required for seamless data transmission and precise positioning. For instance, in September 2023, the government invested USD 115 million 19 UK 5G Open Network Projects. The investment enables successful projects to develop technological solutions to improve connectivity.

 

The issue of data privacy and security restraining the automotive high-precision positioning market growth. As vehicles increasingly rely on high-precision positioning systems to gather and process location data, they become targets for cyberattacks and unauthorized data access. The collection and transmission of sensitive location information raises concerns related to potential misuse, such as tracking vehicle movements or personal habits without consent. This vulnerability can lead to privacy breaches and compromise driver safety if hackers gain control over vehicle systems.

 

Additionally, regulatory compliance challenges can arise as governments impose stricter data protection laws. Addressing these security and privacy concerns is crucial for maintaining consumer trust and ensuring the sustainable growth of the market.

 

Authors: Preeti Wadhwani, Aishvarya Ambekar
Frequently Asked Question(FAQ) :
Who are the key leaders in the automotive high-precision positioning market?
Aptive PLC, Bosch Group, Continental AG, Denso Corporation, Garmin Ltd., Hexagon AB, ON Semiconductor, Qualcomm Technologies, Inc., STMicroelectronics, and Trimble Inc., are some of the major automotive high-precision positioning companies worldwide.
What is the size of the North America automotive high-precision positioning industry?
Why is the demand for global navigation satellite systems (GNSS) as an automotive high-precision positioning growing?
How big is the automotive high-precision positioning market?

Report Content

Chapter 1   Methodology & Scope

1.1    Research design

1.1.1    Research approach

1.1.2    Data collection methods

1.2    Base estimates & calculations

1.2.1    Base year calculation

1.2.2    Key trends for market estimation

1.3    Forecast model

1.4    Primary research and validation

1.4.1    Primary sources

1.4.2    Data mining sources

1.5    Market scope & definition

Chapter 2   Executive Summary

2.1    Industry 3600 synopsis, 2021 - 2032

Chapter 3   Industry Insights

3.1    Industry ecosystem analysis

3.2    Supplier landscape

3.2.1    Component providers

3.2.2    Manufacturers

3.2.3    Technology providers

3.2.4    Distributors

3.2.5    End-user

3.3    Profit margin analysis

3.4    Technology & innovation landscape

3.5    Total cost of ownership (TCO) analysis

3.6    Impact of electrification and connectivity

3.7    Patent analysis

3.8    Key news and initiatives

3.9    Regulatory landscape

3.10    Impact forces

3.10.1   Growth drivers

3.10.1.1    Advancements in autonomous driving technology

3.10.1.2    Increasing adoption of advanced driver-assistance systems (ADAS)

3.10.1.3    Expansion of connected vehicle ecosystems

3.10.1.4    Technological advancements in GNSS

3.10.2   Industry pitfalls & challenges

3.10.2.1    Data privacy and security concerns

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

Chapter 4   Competitive Landscape, 2023

4.1    Introduction

4.2    Company market share analysis

4.3    Competitive positioning matrix

4.4    Strategic outlook matrix

Chapter 5   Market Estimates & Forecast, By Component, 2021-2032 ($Bn)

5.1    Key trends

5.2    Solution

5.3    Services

Chapter 6   Market Estimates & Forecast, By Technology, 2021-2032 ($Bn)

6.1    Key trends

6.2    Global navigation satellite systems (GNSS)

6.3    Inertial measurement units (IMUs)

6.4    LiDAR

6.5    Others

Chapter 7   Market Estimates & Forecast, By Vehicle, 2021-2032 ($Bn)

7.1    Key trends

7.2    Passenger vehicles

7.3    Commercial vehicles

Chapter 8   Market Estimates & Forecast, By Application, 2021-2032 ($Bn)

8.1    Key trends

8.2    Advanced driver assistance systems (ADAS)

8.3    Autonomous driving

8.4    Navigation and mapping

8.5    Others

Chapter 9   Market Estimates & Forecast, By Region, 2021-2032 ($Bn)

9.1    Key trends

9.2    North America

9.2.1    U.S.

9.2.2    Canada

9.3    Europe

9.3.1    UK

9.3.2    Germany

9.3.3    France

9.3.4    Italy

9.3.5    Spain

9.3.6    Netherlands

9.3.7    Rest of Europe

9.4    Asia Pacific

9.4.1    China

9.4.2    India

9.4.3    Japan

9.4.4    South Korea

9.4.5    Singapore

9.4.6    ANZ

9.4.7    Rest of Asia Pacific

9.5    Latin America

9.5.1    Brazil

9.5.2    Mexico

9.5.3    Argentina

9.5.4    Rest of LATAM

9.6    MEA

9.6.1    UAE

9.6.2    Saudi Arabia

9.6.3    South Africa

9.6.4    Rest of MEA

Chapter 10   Company Profiles

10.1    Aeva Inc.

10.2    Aptive PLC

10.3    Bosch Group

10.4    Continental AG

10.5    Delphi Technologies

10.6    Denso Corporation

10.7    Garmin Ltd.

10.8    HERE Technologies

10.9    Hexagon AB

10.10    LeddarTech Inc.

10.11    OmniVision Technologies

10.12    ON Semiconductor

10.13    Qualcomm Technologies, Inc.

10.14    Sensata Technologies

10.15    STMicroelectronics

10.16    TomTom International BV

10.17    Trimble Inc.

10.18    UBlox AG

10.19    Velodyne Lidar Inc.

Authors: Preeti Wadhwani, Aishvarya Ambekar
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Premium Report Details

Base Year: 2023

Companies covered: 20

Tables & Figures: 350

Countries covered: 24

Pages: 250

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