About Mobile Positioning System
Mobile Positioning System is a technology for decisive the placement of a person or an object. The mobile positioning system's basic practicality is to work out the geographical location and coordinates of mounted and moving objects. to trace or discover an object or person on or on top of the surface, the mobile positioning system faces fast adoption by completely different business verticals.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 16.1% |
The global market for mobile positioning systems is fragmented by global key players owing to the rising demand for effective and efficient positioning systems for safety features and different applications in the industry 4.0 module. Investment in research and development for the growth of the market by integrating different automation tools with mobile positioning systems will help players grab the market share. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Mobile Positioning System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Raytheon Technologies (United States), Septentrio N.V. (Belgium), Trimble Inc (United States), Topcon (Japan), Zebra Technologies Corp. (United States), Navizon Inc. (United States), FEI-Zyfer (United States), Panasonic (Japan), Telit (United Kingdom) and Senion (Sweden) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Mobile Positioning System market by Type (TOA, E-OTD and A-GPS), Application (Mapping and Surviving, Live Tracking, Vehicles and Others) and Region.
On the basis of geography, the market of Mobile Positioning System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by End User, the sub-segment i.e. Education will boost the Mobile Positioning System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Automation with Help of Artificial Intelligence and Machine Learning and Introduction of New Compatible Devices with Mobile Positioning Systems
Market Growth Drivers:
Rising Need for Efficient Transportation in Different Applications and Rising Demand for High-Security Worldwide due to Rising Terrorist and Other Criminal Activities
Challenges:
Availability of Substitutes in Market
Restraints:
The High Cost of Deployment of Mobile Positioning Systems
Opportunities:
Increasing Acceptance of Emerging Technologies like 5G and Fibres and Rising Usage of Mobile Positioning System in Manufacturing Facilities and Warehouses
Market Leaders and their expansionary development strategies
In September 2020, Verizon has acquired Senion, a company that provides indoor positioning system (IPS) technology based on machine learning sensor fusion technology. This acquisition will add indoor wayfinding, geofencing, location sharing, analytics, and predictive intelligence to Verizon’s location-based technology capabilities.
In May 2023, The Indian government is set to launch a new mobile tracking system, which will allow individuals to block and track their lost or stolen mobile phones throughout the country. This initiative is aimed at enhancing the security and safety of mobile phone users, and will be impleamented on a pan-India basis. A senior government official has confirmed the upcoming launch of this tracking system.
Key Target Audience
Mobile Positioning System Provider, Software Developer, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.