The Global Mobile Positioning System Market was accounted for USD 51.4 Billion in 2020 and is expected to reach USD 79.7 Billion by 2028, growing at a CAGR of around 5.5% between 2021 and 2028.
Market Overview
The Global Mobile Positioning System Market was accounted for USD 51.4 Billion in 2020 and is expected to reach USD 79.7 Billion by 2028, growing at a CAGR of around 5.5% between 2021 and 2028.
The global marketplace for mobile positioning systems is predicted to witness exponential growth over the approaching years due to the growing demand for top security across the world concerning an alarming rise in terrorist and other criminal activities. The rapidly growing need for efficient transportation is additionally another primary factor that's expected to drive the marketplace for mobile positioning systems over the upcoming years. The event and growing acceptance of the latest technology is additionally expected to magnify the adoption of the mobile positioning system. However, the expansion of the market is predicted to be challenged by the high cost of deployment of mobile positioning systems.
Over the coming years, players are expected to take up partnerships and mergers and acquisitions as their key strategy for business development. Citing an instance, in February 2018, reports stated that the government of India will make the 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. The strategic move is likely to boost the expansion of the mobile positioning system market size in India and across the world.
COVID-19 Impact Analysis
Currently, the demand for mobile positioning systems is on the increase during the COVID-19 pandemic. However, this requirement is probably going to be hindered thanks to reductions within the budgets of electronics companies due to partial lockdowns imposed worldwide. The lockdowns have caused severe losses to the worldwide industry players and placed restrictions on public gatherings at international events, theatres, concerts, and music festivals, which is hindering the market growth. Furthermore, the market is indicating a big recovery rate, mainly attributed to the remote working policies adopted by many industry players to stop the spread of COVID-19 at workplaces. The industry is, however, expected to face challenges within the future due to the consequences of COVID-19.
Growth Factors
Massive security requirements across the world alongside the acceptance of recent vehicle transport systems in developed economies are anticipated to drive mobile positioning system market value within the years ahead. Aside from this, government initiative for public safety with an increase in incidences of terrorist & criminal activities is predicted to propel the demand for the mobile positioning system market within the years ahead.
Application Segment Analysis Preview
The applications of mobile positioning systems include mapping and surviving, live tracking of objects, security, and vehicles among others. the massive scale deployment of the mobile positioning system in vehicles is anticipated to bode well for the expansion of the market. Vehicle navigation technology has been inseparably linked to the present transportation systems, thus making it the leading application segment.
Regional Segment Analysis Preview
Regionally, North America has been leading the worldwide mobile positioning system market and is anticipated to continue on the dominant position within the years to return. The massive penetration of smart mobile equipment like smartphones and smart wearable devices alongside the acceptance of the latest technologies by market players across the region is that the main factor behind the dominance of the North American mobile positioning system market. The high number of market players being headquartered in North America is another significant factor that's supporting the expansion of this regional mobile positioning system market.
Key Market Players & Competitive Landscape
The key companies operating in the Mobile Positioning System market include 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.
The global Mobile Positioning System Market is segmented as follows:
By Application
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Application
FIG NO. 2. Market Attractiveness Analysis, By Region
FIG NO. 3. Global Mobile Positioning System Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 4. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 5. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 6. Global Mobile Positioning System Market for Mapping & Surviving, Revenue (USD Billion) 2016 – 2028
FIG NO. 7. Comparative Revenue Analysis of Mobile Positioning System Market for Mapping and Surviving, By Country, 2020 & 2028
FIG NO. 8. Global Mobile Positioning System Market for Live tracking of objects, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Mobile Positioning System Market for Live tracking of objects, By Country, 2020 & 2028
FIG NO. 10. Global Mobile Positioning System Market for Vehicles, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Mobile Positioning System Market for Vehicles, By Country, 2020 & 2028
FIG NO. 12. Global Mobile Positioning System Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Mobile Positioning System Market for Others, By Country, 2020 & 2028
FIG NO. 14. Global Mobile Positioning System Market Revenue Share, By Region, 2020 & 2028
FIG NO. 15. North America Mobile Positioning System Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 16. Porter’s Five Forces Analysis for Global Mobile Positioning System Market
FIG NO. 17. PEST Analysis for Global Mobile Positioning System Market
FIG NO. 18. Pricing Analysis for Global Mobile Positioning System Market
FIG NO. 19. Value Chain Analysis for Global Mobile Positioning System Market
FIG NO. 20. Company Share Analysis, 2019
FIG NO. 21. Radar Determinant Chart, 2019
FIG NO. 22. Company Strategic Developments – Heat Map Analysis
FIG NO. 23. Business Segment Revenue Share, 2020 (%)
FIG NO. 24. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 25. Market Channels
FIG NO. 26. Marketing Channel Development Trend
FIG NO. 27. Growth in World Gross Product, 2008-2018
FIG NO. 28. Research Methodology – Detailed View
FIG NO. 29. Research Methodology
List of Tables
TABLE NO. 1. Global Mobile Positioning System Market : Snapshot
TABLE NO. 2. Quarterly Mobile Positioning System Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Mobile Positioning System Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Mobile Positioning System Market for Mapping & surviving, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Mobile Positioning System Market for Live tracking of objects, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Mobile Positioning System Market for Vehicles, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Mobile Positioning System Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Mobile Positioning System Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. North America Mobile Positioning System Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 12. North America Mobile Positioning System Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 13. U.S. Mobile Positioning System Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 14. Canada Mobile Positioning System Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 15. Mexico Mobile Positioning System Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 16. Drivers for the Mobile Positioning System Market : Impact Analysis
TABLE NO. 17. Restraints for the Mobile Positioning System Market : Impact Analysis
TABLE NO. 18. Major Buyers of Mobile Positioning System
TABLE NO. 19. Distributors/Traders List
TABLE NO. 20. Global Mobile Positioning System Market , Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 21. Global Mobile Positioning System Market , Company Y-o-Y Growth, 2017 – 2028 (USD Billion)
This report is based on in-depth qualitative and quantitative analyses of the global Mobile Positioning System market. Zion Research has collected and analyzed key data belong to the global Mobile Positioning System market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Mobile Positioning System across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Mobile Positioning System industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Mobile Positioning System market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Mobile positioning systems play an important role to assist in locating locations of mobile devices over networks such as 2G, 3G, and 4G/LTE. In the digitally advanced world, the number of mobile devices is increasing very vastly, the demand for establishing mobile locations is increasing day by day from authorities and from consumers. Location coordinates is a very important information in consumer services like search engines, navigation, social media, and advertising. For authorities and officials, tracking mobile locations is critical for tracking the location of emergency calls, for machine-to-machine and road-traffic management purposes.
Increasing demand for high security across the globe due to rise in terrorist and other criminal activities is driving the demand for the mobile positioning system. In coming years, the rapidly growing need for efficient transportation is another major factor which is anticipated to drive the market for the mobile positioning system. Further, the development and growing acceptance of new technologies are also expected to magnify the adoption of mobile positioning systems. For instance, increasing usage of the internet of things (IoT) devices for different application such as public safety and emergency response, positioning guide, social demand, market promotion demand, and large data applications will fuel the demand of mobile positioning system market. However, high cost for deployment of mobile positioning systems is restraining the growth of the market.
Mobile positioning system market is segmented on the basis of application and region. Application wise the market is segmented into mapping and surviving, live tracking of objects, vehicles, and others. Location-based services and emergency call positioning are driving the development of mobile positioning systems in wireless networks. Global navigation satellite system (GNSS, for example, GPS) - enabled terminals can determine outdoor positions accurate up to few meters. A plethora of applications and services take advantage of such accurate positioning. Deployment of the mobile positioning system in vehicles is expected to surge demand in this market. Vehicle navigation technology is playing a cog role in current transportation systems that make it the leading application segment for this market.
North America held the largest revenue share in 2016 owing to high adoption rates of innovative new technologies in this region. Asia Pacific exhibits the signs of being the fastest growing regional segment for the mobile positioning market. Traction for mobile positioning systems is growing in this region with developing transportation industry and increasing awareness for safety in emerging nations such as China and India. Further, Latin America has next expected the potential market for a mobile positioning system, due to the increase in competition between telecom operators in this region. Market players in the positioning system market are mainly focusing on research and development to enhance accuracy and customer value addition. Manufacturers tend to collaborate with smartphone manufacturers to take advantage of the growing cellular phone industry.
Zebra Technologies Corp, Topcon Positioning Systems, Inc., Raytheon Co, Ericson, ByteLight, Senion AB, Navcom Technology, Inc, Panasonic Corp., Fei-Zyfer, Inc., and Freeflight Systems, Inc. among others are some of the major players in the global mobile positioning system market.
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The global Mobile Positioning System Market was valued at USD 51.4 Billion in 2020.
The global Mobile Positioning System Market is expected to reach USD 79.7 Billion by 2028, growing at a CAGR of 5.5% between 2021 to 2028.
Some of the key factors driving the global Mobile Positioning System Market growth are Rapid urbanization, a rise in the number of international airports, and the predominant use of mobile positioning systems in object tracking, vehicles, and mapping & surviving will open new vistas of growth for mobile positioning system market.
North America region held a substantial share of the Mobile Positioning System Market in 2020.
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