According to a market report by Lucintel, The future of the global automotive high-precision positioning market looks promising with opportunities in the advanced driver assistance system, autonomous driving, navigation, and telematics markets. The global automotive high-precision positioning market is expected to grow with a CAGR of 9% from 2025 to 2031. The major drivers for this market are the increasing need for accurate vehicle navigation, the rising adoption of autonomous driving features, and the growing demand for advanced positioning systems.A more than 150-page report to understand trends, opportunity and forecast in automotive high-precision positioning market to 2031 by vehicle type (commercial vehicles, electric vehicles, and passenger vehicles), technology (precise point positioning, real-time kinematic, and sensor fusion solutions), application (advanced driver assistance systems, autonomous driving, navigation, and telematics), end use (aftermarket providers and original equipment manufacturers), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the vehicle type category, commercial vehicle is expected to witness the highest growth over the forecast period.
Within the application category, advanced driver assistance system is expected to witness the highest growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Trimble Inc., Hexagon AB, Topcon Positioning Systems, Inc., u-blox AG, NovAtel Inc., Hemisphere GNSS, Inc., Septentrio NV, Furuno Electric Co., Ltd., ComNav Technology Co., Ltd., Shanghai Huace Navigation Technology are the major suppliers in the automotive high-precision positioning market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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