<div>Over the past few decades, the focus of wireless communication technology has been shrinking in terms of coverage area. It started with WMAN (Wireless Metropolitan Area Network), moved to WLAN (Wireless Local Area Network) and WPAN (Wireless Personal Area Network), and is soon expected to move to WBAN (Wireless Body Area Network). Wireless positioning/location services present a perfect analogy to wireless communication services. It started with the use of GPS (Global Positioning System), is moving to Local Area Positioning System (LPS) and will be soon moving to Personal and Body Area Positioning Systems (BPS) in the future.</div><div><br></div>This thesis presents the development of a high-speed and high-accuracy wireless magnetic positioning system which can locate the position and orientation of the sensor in real-time with a sub-mm level accuracy in body area. The system consists of an antenna (transmitter) and one or multiple sensors (receivers). The sensor module consists of a tri-axis AC magnetic field sensor, an orientation sensor, a micro-controller and a communication unit. The system is robust to multi-path, low-power, low-cost and provides complete location privacy to its users. Possible implementations of this technology could be in the field of gaming, media entertainment, security, robotics, bio medical, motion-capture and home-automation. The ultra-low latency of the system and its ability to track the sensor anywhere around the antenna without occlusion makes it a perfect candidate to be used as a Virtual/Augment Reality (VR/AR) input device.