Global Mobile Positioning System: Overview
During the 1990’s, the telecommunications industry witnessed a paradigm shift with the launch of the GPS or the global positioning system. After this, many new technologies have come into existence and have been developed in order to determine the geographical coordinates of fixed or moving objects. Mobile positioning system is one such innovation that is employed for tracing a person or object on the earth’s surface. This technology leverages the basic principles of ground positioning system in order to track and determine the object’s position. In 2011, the market for mobile positioning systems were valued at US$25 bn and is poised to gain speed in the current decade. It has been projected that the market will touch a valuation of US$49 bn by the end of the forecast period growing at a 7% CAGR.
The report is an investigation in the growth of the global mobile positioning system market over the last couple of years and in the coming years. The market research publication further reasons out the causes of the changes in the market across the globe. It does this so by presenting an evaluation of the dynamics and the trends prevalent from the last few years and the ones that are likely to retain an impact during the forecast period. The Porter’s five forces analysis is being taken into consideration for the analysts to provide a clear view of the vendor landscape to the readers. Mergers, agreements, acquisitions, and other partnerships have also been highlighted in the report. The study further delves into the working of the various leading companies along with the information on the products, strategies, and shares of the companies in question.
Global Mobile Positioning System: Trends and Opportunities
The global market for mobile positioning system is expected to witness exponential growth over the coming years owing to the growing demand for high security across the globe pertaining to an alarming rise in terrorist and other criminal activities. The rapidly growing need for efficient transportation is also another primary factor that is expected to drive the market for mobile positioning system over the upcoming years. The development and growing acceptance of new technology is also expected to magnify the adoption of mobile positioning system. However, the growth of the market is expected to be challenged by the high cost of deployment of mobile positioning systems.
The applications of mobile positioning system includes mapping and surviving, live tracking of objects, security, and vehicles among others. The large scale deployment of mobile positioning system in vehicles is anticipated to bode well for the growth of the market. Vehicle navigation technology has been inseparably linked to the current transportation systems, thus making it the leading application segment.
Global Mobile Positioning System: Regional Analysis
On the regional front, the U.S. emerged as an established leader in the market for mobile positioning system and is expected to maintain supremacy during the forecast period. The growing transportation in Asia Pacific is expected to form conducive situations in the region for the desirable progress of the market. The promising demand being generated from countries such as India and China are likely to aid the region in achieving a strong position in the global market.
Global Mobile Positioning System: Competitive Landscape
Companies such as Topcon Positioning Systems, Inc., Zebra Technologies Corp, Raytheon Co, Navcom Technology, Inc, Panasonic Corp., Fei-Zyfer, Inc., and Freeflight Systems, Inc. are likely to compete against each other in order to attain a competitive edge over the others.
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
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.