Wednesday, 21 August 2019 12:32 GMT
img

Global Mobile Positioning System Market Worth USD 58.48 Billion by 2022




(MENAFN Editorial) 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 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 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

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.

On the basis of application, the market is segmented into mapping and surviving, live tracking of objects, and vehicles among others. Vehicle tracking segment is expected to dominate the mobile positioning system market as tracking provides driving behavior information such as mileage, fuel consumption, and speed of the vehicles. Real-time data can assist with confirmation of delivery and allow users to supervise working-time guidelines conformity. Mobile positioning devices are widely used in commercial vehicles such as trucks, trailers, buses, and light commercial vehicles for tracking purposes. According to International Organization of Motor Vehicle Manufacturers (OICA), the global commercial vehicle sales have surged by 3.27% and 4.37% in 2015 and 2016 which directly impacted on the deployment of GPS tracking in commercial vehicles. Geographically, North America will dominate the mobile positioning system market due to high adoption of new technology by market players in this region. In Asia Pacific region, mobile positioning system market is expected to witness the highest growth due to increase in the demand of positioning services in vehicles. Further, Latin America and Middle East & Africa are expected to witness significant growth owing to increase in the number of aging infrastructure, manufacturing facilities, and asset's safety and security.

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.

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
  • Vehicles
  • Others

Global Mobile Positioning System Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

MENAFN1212201700703707ID1096222134


Global Mobile Positioning System Market Worth USD 58.48 Billion by 2022

Zion Market Research

Authors_Square_PromoteArticle2019

  Most popular stories  

Day | Week | Month