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Positioning Systems Market Trends

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

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Positioning Systems Market Trends

The positioning systems industry is propelled by the rising demand for indoor positioning systems, especially in sectors like retail, healthcare, and logistics. These systems offer enhanced navigation and customer experiences within indoor environments. Additionally, integration with IoT platforms drives market growth, allowing for seamless connectivity and data exchange. This integration enables advanced functionalities such as real-time asset tracking and smart facility management, catering to the evolving needs of businesses and industries.

For instance, in July 2022, Esri released ArcGIS IPS, an indoor positioning system for facility navigation. This product enables organizations to integrate indoor location services into their facilities and campuses.

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.