SOURCE: MarketResearch.com

MarketResearch.com

February 21, 2012 05:08 ET

Market Research Projects Mobile Positioning Technology Market at $36 Billion in 2016

ROCKVILLE, MD--(Marketwire - Feb 21, 2012) - MarketResearch.com has announced the addition of the new report "Global Markets for Mobile Positioning Technology: Commercial, Military, Homeland Defense -- Focus on Emerging Markets," to their collection of Wireless market reports. For more information, visit http://www.marketresearch.com/BCC-Research-v374/Global-Mobile-Positioning-Technology-Commercial-6801438/

Beginning with the successful completion of the global positioning system (GPS) in the mid-1990s, other new technologies for determining the geographical coordinates of moving or fixed objects have been deployed or developed. This report refers to them collectively as mobile location technologies.

Mobile location technologies are able to locate points, objects or persons on or above the earth's surface by calculating the distances from one or more (usually at least three) reference points. These can be satellites orbiting in space, ground radio stations, cell phone towers, wireless LAN access points, or RFID receivers.

Each type of technology has its advantages and limitations, depending on the specific application. While they are, to some extent, competitive with one another, each technology has applications for which it is especially well suited. Additional mobile location technologies are being developed, many of them involving a combination of two or more existing positioning technologies.

The global market for mobile location technologies reached $22.5 billion in 2010 and is expected to reach $36.3 billion in 2016 increasing at a compound annual growth rate (CAGR) of 7.6% between 2011 and 2016.

The emerging markets collectively spent almost $2.2 billion on mobile location devices in 2010. The market in these countries reached nearly $3 billion in 2011 and should exceed $4 billion in 2016, a CAGR of 6.3% between 2011 and 2016.

The vehicle navigation segment in emerging markets reached $659 million in 2010 and is expected to reach $1.2 billion in 2011. It will further grow to $1.3 billion in 2016, a CAGR of 0.9% between 2011 and 2016.

For more information, visit http://www.marketresearch.com/BCC-Research-v374/Global-Mobile-Positioning-Technology-Commercial-6801438/

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