The navigation, imaging, and positioning solutions market is expected to reach US$ 7 billion by 2022. Due to the adoption of these solutions in homes, hospitals, and warehouse management, which will propel sales at an astonishing 27% CAGR, the market value will be close to US$ 24 billion by 2032.
In the age of automation, the capacity for object and person navigation has become more and more important for a variety of applications. Outdoor positioning has become exceptional thanks to the Global Positioning System (GPS), but many applications call for cogent positioning capabilities in all kinds of settings. Since that time, indoor positioning has received more attention in research and development.
Accuracy, integrity, coverage, latency, update rate, and other pertinent requirement parameters are numerous, affordability, security, infrastructure, and accessibility. It is more difficult to match a suitable technology with an application because of the wide variety of technologies that are available.
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The navigation, imaging and positioning solutions has number of applications ranging from location based services in indoor environments, detection of lost items at home, ambient assistant living systems, in hospitals for location tracking of patient, medical equipment and personnel in emergency situations, in social networking to govern social integration, environmental monitoring to observe phenomena such as heat, humidity, pressure, air pollution and deformation of structures. WSN (Wireless Sensor Network) is set-up to monitor these parameters in indoor as well as outdoor space via organization of multiple sensor nodes.
It has significant benefits in rescue and fire services, law enforcement such as instantaneous detection of theft, crime scene recovery, geofenceing. Mass application is in intelligent transportation to provide seamless navigation for vehicles through extension of road guidance inside parking garages. In industry it plays a critical role in the automatic manufacturing, for the development of intelligent systems.
These systems act as an essential functional element in the smart factories for improvement of safety systems, intelligent worker protection and collision avoidance. In Logistics and Optimization, it is quite essential to have information about the location of assets and staff members. In Western economies, one tenth of the GDP contribution comes from navigation systems. In the coming decade the navigation, imaging and positioning solutions market will see a massive boost with the introduction of advanced technologies and satellites.
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Navigation, Imaging and Positioning Solutions Market: Drivers & Restraints
Rising infrastructure investments necessitates the requirement of positioning for cargo management systems for rail traffic, airports and ports. Large construction sites require positioning systems to support the information management system. Aforementioned are some of the key factors driving the growth of the navigation, imaging and positioning solutions market.
Changes in the allocation of radio frequency bands, cost of sensors, safety, development time and customization associated with the navigation, imaging and positioning solutions, dependency on external suppliers for components are probable factors restraining the growth of the navigation, imaging and positioning solutions market.
Navigation, Imaging and Positioning Solutions Market: Overview
With rapid technological advancements and increasing risks on security; the acceptance of navigation, imaging and positioning solutions is gaining popularity. The global navigation, imaging and positioning solutions market is expected to expand at a promising CAGR during the forecast period (2015 to 2025).
Navigation, Imaging and Positioning Solutions Market: Region-wise Outlook
Navigation, Imaging and Positioning Solutions Market: Key Players
Some of the key market participants in global navigation, imaging and positioning solutions market are Topcon Positioning Systems Inc, iXBlue, Trimble Navigation Limited, Sonardyne, Leica Geosystems, Kongsberg Maritime, NovAtel Inc, BlackRoc Technology.
Navigation, Imaging and Positioning Solutions Market: Segmentation
The global navigation, imaging and positioning solutions market is broadly classified on the basis of applications, physical principle used in the operation and geographies.
Based on application, the global navigation, imaging and positioning Solutions market is segmented into:
- Defense
- Maritime
- Land & Survey
- Photonics
- Space
Based on physical principle used in the operation, the global navigation, imaging and positioning solutions market is segmented into:
- Inertial Navigation
- Mechanical Waves
- Electromagnetic Waves
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Key Segments Profiled in the Navigation, Imaging and Positioning Solutions Industry Survey:
Applications:
- Defense
- Maritime
- Land & Survey
- Photonics
- Space
Physical Principle:
- Inertial Navigation
- Mechanical Waves
- Electromagnetic Waves
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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