Sarasota, FL, Dec. 12, 2017 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Mobile Positioning System Market for Mapping and Surviving, Live Tracking of Objects, Vehicles, and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022’’. According to the report, the global mobile positioning system market was valued at around USD37.26 billion in 2016 and is expected to reach approximately USD 58.48 billion in 2022, growing at a CAGR of 7.8% between 2017 and 2022.
The mobile-based positioning system is the use of a mobile phone in combination with other wireless technologies like satellite, Wi-Fi, Bluetooth etc. inside a building or even in the outside world for various applications. The mobile positioning system includes tracking & mapping, navigation, and maps information and these systems are being implemented in all major mobile OEM products on a large scale. The mobile positioning system can be used for a wide array of consumer-demand services such as location search, mapping, and navigation. The location-based solution can also be used for road-traffic management and emergency-call positioning, as well as new market opportunities like location-based advertising.
Browse through 16 Tables & 27 Figures spread over 110 Pages and in-depth TOC on “Global Mobile Positioning System Market: By Type, Size, Share, Applications and Forecast 2016 – 2022”.
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The major factors which are driving the growth of mobile positioning system are increasing security needs across world and adoption of the advanced vehicle transportation system in developed countries. Furthermore, a government initiative for the public safety due to rise in terrorist and other criminal activities is fueling the demand for the mobile positioning system market in coming years. However, high cost for the deployment of the mobile positioning system is hindering the growth of this market.
Regionally, mobile positioning system market is divided into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Among this region, North America held largest share in 2016 due to the adoption of innovative technology in developed countries. In addition existence of major market players in U.S. such as Google, Apple and their strategic alliances are giving momentum to mobile positioning system market. Integration of Internet of Things (IoT) technology with vehicles is expected to boost the adoption rate of tracking systems in developed regions such as Europe and North America. Moreover, availability of advanced connectivity wireless technologies such as 3D based mobile positioning system is giving traction to this market in Europe.
Browse the full “ Mobile Positioning System Market for Mapping and Surviving, Live Tracking of Objects, Vehicles, and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022.” report at https://www.zionmarketresearch.com/report/mobile-positioning-system-market
In addition, the high penetration rate of smart devices such as smartphones, smart wearable, and others will drive the growth of mobile position system integrators to set-up their systems in North America followed by Europe. Asia Pacific is expected to witness highest growth rate due to development of mobile positioning system in economically emerging countries such as China, Japan, and India. In May 2017, China launched national satellite navigation and positioning system which will provide positioning service to transportation, emergency medical rescue and city planning & management.
The mobile positioning system is a powerful service which will open up new avenues for market potential and revenue opportunities for telecom operators and service providers. Adding location-based services to the portfolio enables a mobile operator to differentiate and strengthen its service offering in a competitive environment. It will also help boosting MMS traffic. Location information enables a more accurate targeting of content to users. Thus advance technology will help the operator to win new business and it will also lead to growing customer loyalty and reduced churn.
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Zebra Technologies Corp, Topcon Positioning Systems, Inc., Raytheon Co, Ericson, ByteLight, Senion, Navcom Technology, Inc, Panasonic Corp., Fei-Zyfer, Inc., and Freeflight Systems, Inc. and others are the major players of the mobile positioning market.
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The report segments global mobile positioning system market as follows:
Global Mobile Positioning System Market: Application Segment Analysis
- Mapping and surviving
- Live tracking of objects
Global Mobile Positioning System Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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