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Safety And Security

Global Markets for Mobile Positioning Technology: Commercial, Military, Homeland Defense -- Focus on Europe

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REPORT HIGHLIGHTS

  • The global market for mobile location technologies reached $22.5 billion in 2010 and is expected to reach $25.1 billion in 2011. It will further grow to $36.3 billion in 2016, a compound annual growth rate (CAGR) of 7.6% between 2011 and 2016.
  • The vehicle navigation systems segment accounted for more than 61% of the mobile positioning market ($13.8 billion) in 2010, and is expected to reach $15.4 billion in 2011. The segment will further grow to $22.6 billion in 2016 for a CAGR of 8.0% over the five year period.
  • The European market for GPS and other mobile location technologies was worth nearly $6.7 billion in 2010.  BCC anticipates that the market will approach $7.2 billion in 2011 and exceed $10.2 billion by 2016, a CAGR of 7.3% over the next 5 years.

SUMMARY FIGURE
GLOBAL MARKET SHARE PROJECTIONS FOR MOBILE LOCATION TECHNOLOGIES BY APPLICATION, 2010-2016
(%)
Source: BCC Research