Albany, NY -- (SBWIRE) -- 04/09/2015 -- Mobile positioning systems assist in locating locations of mobile devices for networks such as 2G, 3G, and 4G/LTE. In today's digitally advanced world, where the number of mobile devices is rising at an extremely fast pace, the demand for establishing mobile locations is increasing day by day, both from authorities as well as from consumers. Location is a very important component in consumer services like search engines, social media, navigation, and advertising. For authorities and officials, tracing mobile locations is critical for tracking location of emergency-calls, for machine-to-machine, i.e. M2M functions, and road-traffic management purposes.

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To sustain the rising demands from the market, a flexible positioning platform, which can handle both governmental and consumers' requirements for 2G, 3G and 4G/LTE networks is needed. The huge base of existing mobile users views mobile location as a service. An application that has location data enabled in it can provide improved services and information. In this way it can improve the users' experience. Search engines and social media are a few examples of such applications.For an uninterrupted user experience, however, it is significant to have location coverage network on the go, indoor or outdoor, regardless of GPS coverage network. Thus, some global mobile positioning systems market assist in supporting complementary positioning techniques, while also making sure that that user gets excellent location coverage. Mobile positioning systems are easy to install systems and can be effectively utilized for location coverage WCDMA, GSM, and LTE networks.

Mobile positioning systems utilize defined and protected interface with the capability of providing business models the required flexibility when protecting the network from overload, intrusion, and other threats. These systems also provide a cost-efficient usage of system resources and applications by helping various mobile networks at the same time. They can be used for a broad range of services catering for consumer demands such as mapping, searching, and navigation.

Asia Pacific Exhibiting Fastest Growth Rate in Mobile Positioning System Market

On the basis of applications, the global market for mobile positioning systems can be classified into security, transportation, living object tracking, mapping and surviving, and others. Key regional markets for mobile positioning systems are North America, Asia Pacific, Europe, the Middle East and Africa, and the rest of the world.In 2011, the global market for mobile positioning system reached a value of US$25 billion. It is estimated that the market will reach a value of around US$40 billion by 2018, increasing at a compound annual growth rate (CAGR) of 7% during the period 2012 to 2018. The U.S. is the dominating region in the global mobile positioning system market. It is expected that the U.S. will continue to maintain its leading position in the market over the next few years owing to high adoption rates of innovative new technologies in this region. Asia Pacific exhibits the signs of being the fastest growing mobile positioning system regional market with developing transportation industry in emerging nations such as China and India. Vehicle navigation technology is considered as the largest segment in the mobile positioning system market and qualifies for more than 60% of the overall market share.

High Installation Costs to Hamper Market Growth

Major players in the mobile positioning system market include Freeflight Systems, Inc., Fei-Zyfer, Inc., Navcom Technology, Inc, Raytheon Co, Panasonic Corp., Zebra Technologies Corp, and Topcon Positioning Systems, Inc.

In the past decade, the mobile positioning system market witnessed significant development because of the rising global security needs. Robust growth of the global transportation industry is also another major driver for this market. Innovative technology development also adds to the market growth. Though high installation cost is likely to hold back the growth in mobile positioning system market.

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