Automotive Wireless Positioning Module Market Size, Share, Growth, and Industry Analysis, By Type (GPS Module, Beidou Module, Others), By Application (Passenger Car, Commercial Car), and Regional Forecast to 2033

AUTOMOTIVE WIRELESS POSITIONING MODULE MARKET OVERVIEW

The global Automotive Wireless Positioning Module Market size valued at USD 419.62 Million in 2024 and is projected to reach USD 443.54 Million in 2025, growing to USD 691.06 Million by 2033, with exhibiting CAGR of 5.7% during the forecast period.

Automotive wireless positioning modules are progressed systems intended to give exact vehicle positioning through remote correspondence innovations. These modules regularly use GPS, Beidou, or other area-based advancements to convey exact route and following information. The modules empower applications, for example, continuous vehicle following, independent driving, and advanced driver-assistance systems (ADAS). As the auto business changes toward computerization and brilliant vehicles, these modules are turning into a fundamental part for guaranteeing vehicle security, effectiveness, and improved client experience.

The automotive wireless positioning module market is seeing huge development because of expanding interest for GPS and remote advances in auto applications. These modules support a large number of utilizations, including independent driving, vehicle following, and route systems. Market development is driven by the rising reception of savvy vehicles, combined with unofficial laws advancing improved vehicle wellbeing norms. Besides, the rising combination of these modules with associated vehicle innovations further impels market interest, while the improvement of cutting-edge route systems keeps on growing the extent of remote positioning solutions.

COVID-19 IMPACT

Automotive Wireless Positioning Module Industry Had a Negative Effect Due to Lull in The Organization of Wireless Positioning Modules during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The Coronavirus pandemic mixedly affected the automotive wireless positioning module market. During the underlying periods of the pandemic, the car business saw a decrease underway and demand, which prompted a lull in the organization of wireless positioning modules. In any case, with the recuperation of the worldwide economy and the shift toward more secure and more productive vehicle arrangements, the interest for these modules has flooded, particularly with regards to independent vehicles and associated transportation systems. The pandemic has sped up the emphasis on security and shrewd versatility, cultivating long haul development possibilities on the lookout.

LATEST TREND

"Rising Movement Toward Independent Vehicles to Drive Market Growth"

The market for automotive wireless positioning modules is encountering a few remarkable trends. The rising movement toward independent vehicles and savvy transportation systems is energizing interest for exact positioning advancements. Also, the ascent of advanced driver-assistance systems (ADAS) is driving the requirement for constant vehicle following and route. One more key trend is the combination of computerized reasoning and AI with remote positioning systems to upgrade their exactness and usefulness. These trends are supposed to further support the development of the automotive wireless positioning module market before long.

AUTOMOTIVE WIRELESS POSITIONING MODULE MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into GPS Module, Beidou Module, Others.

• GPS Module: The GPS module stays a predominant kind because of its broad use in car route systems. It gives exact and dependable positioning data, fundamental for GPS-empowered applications, for example, course improvement and vehicle following.

• Beidou Module: The Beidou module is progressively well known, especially in regions like China. It offers an option in contrast to GPS and is coordinated into vehicles for high-accuracy positioning administrations, adding to the worldwide extension of remote positioning systems.

• Others: Different kinds of positioning modules, including GLONASS and Galileo, are additionally building up some decent forward momentum. These modules offer improved inclusion and positioning precision, particularly in regions where GPS or Beidou signs might be restricted or less solid.

BY APPLICATION

Based on application, the global market can be categorized into Passenger Car, Commercial Car.

• Passenger Car: The Passenger Car section is a key market driver, as the rising reception of GPS and remote positioning systems improves the comfort and security of drivers. These systems give constant route, following, and high-level elements like course arranging and driver help.

• Commercial Car: The Commercial Car portion is encountering huge development as organizations look to streamline armada management and further develop conveyance proficiency. Remote positioning modules empower continuous following, course enhancement, and observing of business vehicles, in this manner decreasing functional expenses.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Improved Vehicle Wellbeing to Boost the Market"

The automotive wireless positioning module market growth is driven by expanding buyer interest for improved vehicle wellbeing and route highlights. With the ascent of independent vehicles, there is a developing requirement for exact, constant positioning systems that can uphold driver-help innovations and work on the general driving experience. Additionally, the reconciliation of remote modules with savvy vehicle systems is extending, as makers try to convey vehicles outfitted with cutting edge highlights, for example, exact GPS following, mechanized course direction, and improved traffic the executives. This trend is supposed to fuel supported market development before very long.

"Integration of Modules in Vehicles to Expand the Market"

The automotive wireless positioning module market share is expanding as additional car producers and innovation organizations coordinate these modules into their vehicles. As the interest for associated and independent vehicles develops, remote positioning modules have turned into a basic part in accomplishing consistent vehicle-to-vehicle correspondence, route, and ongoing following. The extension of savvy urban communities and associated foundations further lifts portion of the overall industry, as these innovations empower productive traffic the executives and wellbeing observing. Organizations putting resources into creative remote positioning arrangements are catching huge market share and positioning themselves as pioneers in this advancing industry.

RESTRAINING FACTOR

"Significant Expense of Cutting-Edge Positioning Innovations to Potentially Impede Market Growth"

One of the key controlling elements for the automotive wireless positioning module market is the significant expense of cutting-edge positioning innovations. The reconciliation of GPS, Beidou, and other satellite-based systems into vehicles can be costly, especially for makers focusing on cheaper portions. Furthermore, the complex administrative scene encompassing remote correspondence advancements might prevent market reception in specific regions. Protection concerns connected with vehicle following and information sharing are additionally critical hindrances, as purchasers and organizations try to adjust the advantages of remote positioning with information security and insurance.

OPPORTUNITY

"Rising Reception of Electric Vehicles to Create Opportunity for the Product in the Market"

The rising reception of electric vehicles (EVs) presents a huge chance for the automotive wireless positioning module market. As the worldwide auto industry shifts toward electric portability, the requirement for proficient course streamlining, constant following, and independent driving advances develops. Remote positioning modules can upgrade the driving experience by giving precise routes and further developed energy management, which is basic for EVs. Also, government motivations and guidelines advancing brilliant and associated vehicle advancements offer further open doors for development in this extending market

CHALLENGE

"Reliance On Satellite-Based Systems Could Be a Potential Challenge for Consumers"

One of the essential difficulties in the automotive wireless positioning module market is the reliance on satellite-based systems, for example, GPS and Beidou, which can now and again confront signal obstruction or disturbances, particularly in metropolitan conditions with tall structures. Moreover, unfavorable weather trends can likewise influence the precision and unwavering quality of positioning information. This restricts the viability of remote positioning systems in specific situations, and producers should attempt to foster more hearty arrangements that can work dependably in all circumstances to satisfy the developing need for accuracy in vehicle following and route.

REGIONAL INSIGHTS

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• North America

The North American automotive wireless positioning module market is encountering critical development, driven fundamentally by the U.S. market. The U.S. stays a key participant because of its emphasis on independent driving and high-level vehicle innovations. The interest for associated vehicles and brilliant transportation arrangements in the area has prompted an expansion in the reception of remote positioning modules, with automakers coordinating them into their vehicles to further develop security and route. Administrative help for independent vehicle testing and associated foundation further speeds up market extension in North America.

• Europe

In Europe, the automotive wireless positioning module market is profiting from the developing emphasis on vehicle wellbeing and ecological sustainability. European nations are progressively taking on electric and independent vehicles, driving the interest for cutting edge positioning systems. Moreover, the region's solid auto producing base and government drives supporting smart transportation and associated framework are supposed to impel the market forward.

• Asia

Asia is a significant center point for the automotive wireless positioning module market, driven by major areas of strength for nations like China and Japan. In China, the development of the Beidou satellite route framework is powering the reception of remote positioning advances. Japan's attention on cutting edge car advances, including independent driving and vehicle-to-everything (V2X) correspondence, is additionally adding to showcase development. The rising interest in shrewd urban areas and associated vehicle framework further backings the interest for remote positioning modules in the region.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

Key industry players in the automotive wireless positioning module market are zeroing in on mechanical headways and key joint efforts to improve their item contributions. Driving organizations are putting resources into innovative work to advance positioning exactness and unwavering quality. They are additionally shaping organizations with automakers and tech firms to incorporate their answers into cutting edge vehicles. These players are molding the eventual fate of the automotive wireless positioning module market by driving advancement and extending their worldwide presence to fulfill the developing need for savvy and associated vehicles.

LIST OF TOP AUTOMOTIVE WIRELESS POSITIONING MODULE COMPANIES

• Sierra Wireless (U.S.)
• Quectel (China)
• Sunsea Group (China)
• U-blox (Switzerland)
• Fibocom Wireless Inc. (China)
• Neoway (China)
• Renesas Electronics (Japan)
• Skylab (China)

KEY INDUSTRY DEVELOPMENT

June 2024: NXP Semiconductors uncovered a new ultra-wideband (UWB) positioning module that offered centimeter-level exactness for exact indoor positioning. This innovation can possibly reform the manner in which we collaborate with our environmental factors, from brilliant homes to retail locations.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The automotive wireless positioning module is seeing huge development, powered by expanding attention to its advantages, rising consumer interest in sustainable solutions, and persistent technological headways. In spite of the fact that it faces difficulties like supply limitations and increasing costs, the continuous interest for innovative and excellent choices is driving extension and progress across the area. Key industry players are driving advancement through essential developments and market extensions, improving both supply and appeal. As purchaser inclinations shift towards better and more different choices, the market is supposed to thrive, upheld by progressing developments and a developing acknowledgment of its contributions.