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Positioning Systems Market Share

Report ID: GMI8895
Published Date: Apr 2024
Report Format: PDF

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Positioning Systems Market Share

Hexagon AB and TomTom International BV. hold a significant market share of over 2% in the positioning systems industry. Companies are extending their market presence by forming strategic partnerships and acquiring technology firms in mapping or satellite communications. These collaborations expand their product range and customer reach while also facilitating entry into new market segments. Investments in R&D drive innovation, ensuring competitiveness in the dynamic positioning systems industry. Continuous enhancements to products and services help solidify their positions, meeting the rising demand for precise and dependable positioning systems.

Furthermore, companies are utilizing digital marketing and online channels to boost visibility and engagement. Through tailored advertisements, social media initiatives, and interactive web platforms, they engage a broader audience, highlighting their capabilities and offerings. This online presence attracts potential clients, cultivating brand loyalty and trust. Additionally, companies prioritize customer-centric strategies, providing personalized solutions and exceptional support. By addressing client needs effectively, they improve satisfaction and loyalty, expanding their footprint in the positioning systems industry.

Positioning Systems Market Companies

Major players operating in the market are:

Broadcom
Garmin Ltd.
Hexagon AB
Qualcomm Technologies, Inc.
Septentrio N.V.
Swift Navigation
TomTom International BV.
TOPCON CORPORATION
Trimble Inc.
Ubisense Group Plc

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Industry size for positioning systems recorded USD 81 billion in 2023 and is expected to register over 15% CAGR from 2024 to 2032, led by the rising demand for geospatial imagery analytics, mapping, and GIS applications across various industries.

The satellite-based segment in the positioning systems industry is projected to accumulate USD 190 billion by 2032 and is projected to depict notable growth between 2024 and 2032, owing to its unparalleled coverage and precision.

North America industry accounted for over 36% market share in 2023 and is expected to expand at significant CAGR from 2024 to 2032, due to the robust infrastructure and early adoption of cutting-edge technology in the region.

Broadcom, Garmin Ltd., Hexagon AB, Qualcomm Technologies, Inc., Septentrio N.V., Swift Navigation, TomTom International BV., TOPCON CORPORATION, Trimble Inc., Ubisense Group Plc are some of the major positioning systems companies worldwide.