Positioning Systems Market Scope
A positioning system is a mechanism for determining the position of an object in space. Various technologies exist for this task, ranging from worldwide coverage with meter accuracy to workspace coverage with sub-millimeter accuracy. Global navigation satellite systems (GNSS) allow specialized radio receivers to determine their 3-D space position, as well as time, with an accuracy of 2–20 meters or tens of nanoseconds. Also, there are some regional and local systems that can be used for indoor and outdoor positioning applications.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Positioning Systems market throughout the predicted period.
Rockwell Collins Inc. (United States), Texas Instruments Inc. (United States), Garmin Ltd. (United States), Mio Technology Corporation (Taiwan), Honeywell International Inc. (United States), Avidyne Corporation (United States), Genesys Aerosystems (United States), Qualcomm Inc. (United States), Verizon Connect (United States) and Pathsense (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Hexagon AB (Sweden), Broadcom Inc. (United States)Dynon Avionics (United States), FreeFlight Systems (United States), Trimble Inc. (United States), FEI-Zyfer (United States), Furuno Electronics (Japan) and Esterline (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Positioning Systems market by Type (Interplanetary Radio Communication System, Global Navigation Satellite Systems (GNSS), Land-Based Positioning Transmitters, Local Positioning Systems and Hybrid Systems), by Application (Navigation, Traffic Monitoring, Fleet Management and Others) and Region with country level break-up.
On the basis of geography, the market of Positioning Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In October 2018, Trimble Inc. acquired Veltec, a Brazil-based fleet management provider, to deliver fleet management solutions to transport companies. The acquisition was undertaken to enhance market footprint and overall profitability.
In 2018, Esterline Avionics Systems had completed ground and flight tests of its satellite-based augmentation systems (SBAS)-capable CMA-5024 GPS/SBAS landing system unit (GLSSU) on Boeing 737 aircraft. Esterline's CMA-5024 is an FAA-approved DO-260B ADS-B positioning source that can be paired with any DO-260-B transponder, helping operators meet the looming automatic dependent surveillance-broadcast compliance date.
Market Trend
- Growing Adoption of E-Hailing Services across the Globe
Market Drivers
- Increasing Penetration of Smartphones with Integrated GPS System
- Growing Demand from Automobile Industry for GPS-Enabled Vehicles
Opportunities
- Increasing Mergers and Acquisitions between Component Manufacturers and Integrators
- Technological Advancements in Positioning Systems
Restraints
- Lack of Network Infrastructure in Underdeveloped Areas and Accuracy of Location
Challenges
- Clock Inaccuracy and Orbit Shift of Satellites
Key Target Audience
Positioning Systems Manufacturers, Components and Parts Suppliers, Software Developers and Integrators, Potential Investors, Industrial Bodies and Associations, End-Use Industry and Others