Global Mobile Positioning System Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at xx % through 2020 to 2027, reaching US$ XX Mn. The report has covered Country market trends with a competitive landscape.
Global Mobile Positioning System Market
Global Mobile Positioning System Market Overview:
Mobile Positioning Systemis a technology for determining the location of a person or an object. The mobile positioning system’s basic functionality is to determine the geographical location and coordinates of fixed and moving objects. To track or detect an object or person on or above the earth’s surface, the mobile positioning system faces rapid adoption by different industry verticals.
In the coming years, the global market for mobile positioning systems is expected to see exponential growth due to the increasing demand for high security worldwide due to the unprecedented increase in terrorist and other criminal activities. Another primary factor that is expected to drive the mobile positioning system market over the coming years is the increasingly rising need for efficient transportation. It is also expected that the growth and increasing acceptance of emerging technologies would increase the adoption of mobile positioning systems. However, the high cost of deployment of mobile positioning systems is expected to threaten the growth of the industry.
Mobile positioning system has drawn enormous commercial interest, which has been positively reflected in its global market.Such technology can greatly benefit mega-size manufacturing facilities, warehouses, and massive buildings.In addition, the availability of powerful sensors and wireless communication systems has allowed more efficient mobile position systems to be developed.
Based on ApplicationMobile Positioning System market is segmented by Mapping and Surviving, Live Tracking of Objects, Vehicles and Others. Vehicles dominatedmobile positioning systemmarket with rising usage of number of vehicles among the organizations and individuals.Based on industry verticals, manufacturing is the leading segment across other verticals due to the shift in market trends to e-commerce and e-hailing services across the market.
The mobile positioning system market in North America is anticipated to account for the highest revenue share contribution and projected to maintain its dominance in the target market during the forecast period. The attributing factor is due to the presence of major players with theadvance technologies. The Asia Pacific region is projected to register the fastest growth rate in the target market due tosurge in penetration of smartphones and digitalizing the infrastructurein the region.
Global Mobile Positioning System Market1
The objective of the report is to present a comprehensive analysis of the Global Mobile Positioning System Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Mobile Positioning System Market dynamics, structure by analyzing the market segments and projects the Global Mobile Positioning System Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Mobile Positioning System Market make the report investor’s guide.
Scope of Global Mobile Positioning System Market
Global Mobile Positioning System Market, By Application
• Mapping and Surviving
• Live Tracking of Objects
Global Artificial Intelligence Market, By Industry Verticals
• Government &Defence
• IT & Telecommunications
• Aerospace & Defense
• Media & Entertainment
• Banking Financial Services and Insurance
• Consumer Goods
Global Artificial Intelligence Market, by Region
• North America
• MEA & Africa
• Latin America
Global Artificial Intelligence Market Key Players
• Raytheon Technologies
• Septentrio N.V.
• Trimble Inc
• Zebra Technologies Corp.
• Navizon Inc
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