In this paper we describe the recent 3GPP Release 16 specification for positioning in 5G networks. It specifies positioning signals, measurements, procedures, and architecture to meet requirements from a plethora of regulatory, commercial and industrial use cases. 5G thereby significantly extends positioning capabilities compared to what was possible with LTE. The indicative positioning performance is evaluated in agreed representative 3GPP simulation scenarios, showing a 90 percentile accuracy of a few meters down to a few decimeters depending on scenarios and assumptions.
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