Location-based phone software will boom.

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Simpson said location-based social networking software like Foursquare or Loopt helps marketers, advertisers and participants with the bigger picture.

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Garmin's broad range of in-vehicle electronics for the automotive industry includes infotainment and telematics systems, navigation software, location-based services, and integrated portable navigation systems.

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The patents also include wireless communication technologies and key smartphone technologies including wireless email, proximity sensing, software-application management, location-based services and multidevice synchronization.

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Stephen Randall, the boss of LocaModa and one of the founders of Symbian, a company that makes software for smartphones, likens the result to a location-based blog.

ECONOMIST: Monitor

With the introduction of iOS 6 for both new and existing iPhone models, Apple is replacing the current Google-based navigation system it hosts on the phone with its own new location and navigation software, called Maps.

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