Mobile Positioning System Market To Record Lucrative Growth, Revenue To Surge To US$ 58.48 Billion By 2022

11-Dec-2017 | Zion Market Research

With the presence of a large pool of participants, the Global mobile positioning system market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Zebra Technologies Corp, Topcon Positioning Systems, Inc., Raytheon Co, Ericson, Panasonic Corporation, Fei-Zyfer Incorporation, and Freeflight Systems Incorporation are some of the key vendors of mobile positioning system across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the mobile positioning system market study.

Citing an instance, in February 2018, reports stated that government of India will make global positioning system mandatory in mobile devices.  Sources cite that the decision is aimed at enabling the state authorities to equip the mobile devices with panic buttons for helping women in distress. Analysts predict that the strategic move is likely to boost the expansion of mobile positioning system market size in India.

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As estimated in this report, the global mobile positioning system market stood at US$ 37.26 billion in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in this mobile positioning system market is expected to reach US$ 58.48 billion by the end of the forecast period.

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 http://www.zionmarketresearch.com/report/mobile-positioning-system-market

Immense Need For Security & Public Safety To Leverage Market Revenue

“Massive security requirements across the globe along with acceptance of modern vehicle transport systems in developed economies is anticipated to drive mobile positioning system market price in the years ahead,” says the author of this study. Apart from this, government initiative for public safety with increase in incidences of terrorist & criminal activities is predicted to propel the demand for mobile positioning system market in the years ahead.

High installation costs of system, however, are anticipated to interrupt the burgeoning demand for mobile positioning systems over the forthcoming years. Nevertheless, predominant use of mobile positioning systems in object tracking, vehicles, and mapping & surviving will open new vistas of growth for mobile positioning system market. This will normalize the impact of hindrances on the mobile positioning system market, reports the study.

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Wide Penetration Of Smart Mobile Devices To Aid North America’s Dominance

Regionally, North America has been leading the worldwide mobile positioning system market and is anticipated to continue on the dominant position in the years to come, states the mobile positioning system market study. Massive penetration of smart mobile equipment such as smartphones and smart wearable devices along with acceptance of new technologies by market players across the region is the main factor behind the dominance of the North America mobile positioning system market. The high number of market players being headquartered in North America is another significant factor that is supporting the growth of this regional mobile positioning system market.

The global mobile positioning system market is segmented as follows:

By Application

  • Mapping and surviving
  • Live tracking of objects
  • Vehicles 
  • Others

By Region

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

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