The telecommunications industry underwent a sea change with the launch of the global positioning system or GPS, in the 1990s. Mobile positioning systems (MPS) leverage the basic principles of GPS to determine the position of an object either above or under the surface of the earth.
The report on the mobile positioning systems analyzes the market on three vital fronts: Application, end user, and industry vertical. Each of these segments is further divided into sub-segments for a detailed assessment, based on which MPS market shares and forecasts are provided. The report comprises an in-depth executive summary section that offers a succinct overview of the most important facets of the market. The overview section carries a meticulous qualitative analysis of market opportunities, drivers, and restraints that will influence the course of the MPS market.
Overview of the Mobile Positioning System Market
Mobile positioning systems were a US$25 billion market in 2011. The MPS market is poised to pick up pace over the current decade, and will reach an estimated US$40 billion to register a CAGR of 7% during this period.
MPSs are used in applications such as: Vehicles, security, live object tracking, surviving and mapping, and a few others. The vehicles segment is seen to be the largest within the MPS market, with a 60% share. Vehicle navigation technology has become inextricably linked with transportation systems today, and more consumers will likely continue to adopt GPS and MPS in vehicles.
When analyzed from the geographical perspective, the United States stands as the established leader in the mobile positioning systems market, and it will continue to rein supreme over the next few years. The increasingly dense transportation networks in Asia Pacific create conducive conditions for the growth of the MPS market in this region. Market experts project that the APAC mobile positioning systems market will grow remarkably thanks to promising demand generated by countries such as China and India.
There are ample factors at play which will help the mobile positioning systems market achieve steady growth; some of these are: A marked rise in transportation, integration of location systems in social networks, evolving security needs and technological advancement. In spite of various factors propelling growth, the mobile positioning systems market will have to contend with a major inhibitor in the form of high deployment cost.
Companies Mentioned in the Mobile Positioning System Market Report
A number of well-established companies in the global positioning systems market have already made veritable inroads into the mobile positioning systems market. Competition continues to intensify in the MPS market because it is a highly innovative space. Leading market players profiled in the report include: Freeflight Systems, Inc., Fei-Zyfer, Inc., Panasonic Corp., Navcom Technology, Inc, Raytheon Co, Zebra Technologies Corp, and Topcon Positioning Systems, Inc.
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments