Automotive High-precision Positioning Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Automotive High-Precision Positioning Market was valued at USD 15.5 billion in 2023 and is forecasted to grow at a CAGR of over 8% from 2024 to 2032. This growth is primarily attributed to the increasing implementation of advanced driver assistance systems (ADAS), which depend on accurate positioning data to enhance both vehicle safety and functionality. Features like lane-keeping assist and automated parking rely on precise positioning technologies such as GPS and GNSS to operate effectively. Additionally, new government mandates related to vehicle automation are accelerating the demand for advanced positioning technologies, thereby driving the market forward.

The market growth is further propelled by the rapid evolution of connected vehicle ecosystems. As vehicles become more integrated with the Internet of Things (IoT) and communicate with surrounding infrastructure, accurate positioning becomes vital for real-time data exchange and coordination. Technologies like vehicle-to-everything (V2X) communication are essential for enabling smart navigation and improving traffic flow. The expansion of 5G networks also plays a critical role in this trend, offering high-speed, low-latency connectivity that ensures precise vehicle positioning for a better driving experience.

In terms of technology, the market is divided into segments like global navigation satellite systems (GNSS), inertial measurement units (IMUs), LiDAR, and others. The GNSS segment accounted for over 40% of the market share in 2023. This technology provides crucial location data for navigation, lane-keeping, and adaptive cruise control, all of which enhance driving safety and efficiency. The combination of GNSS with other sensors, such as LiDAR and radar, further improves positional accuracy and enhances V2X communication, making it key to the development of autonomous vehicles and smart mobility solutions.

Based on vehicle type, the market is segmented into passenger vehicles and commercial vehicles, with the passenger vehicle segment valued at USD 12.1 billion in 2023. High-precision positioning systems are essential for ADAS features in passenger vehicles, providing functionalities like adaptive cruise control, real-time navigation, and collision avoidance. As demand for comfort and convenience continues to rise, these systems are becoming standard in modern passenger vehicles, driving further technological advancements and market growth.

North America held around 30% of the global market share in 2023, led by the region's focus on electric vehicles (EVs) and their integration with advanced navigation systems. The increasing demand for accurate positioning technologies enhances route planning and energy efficiency, further supporting market growth.

Product Code: 10971

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and 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 and definition

Chapter 2 Executive Summary

2.1 Industry 360° 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 and 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 and 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 and Forecast, By Component, 2021-2032 ($Bn)

5.1 Key trends
5.2 Solution
5.3 Services

Chapter 6 Market Estimates and 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 and Forecast, By Vehicle, 2021-2032 ($Bn)

7.1 Key trends
7.2 Passenger vehicles
7.3 Commercial vehicles

Chapter 8 Market Estimates and 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 and 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.