The aim of this paper is to present a review of currently applied 3D localization methods on Earth or near Earth orbit. The article provides an accurate specification and functionality presentation of those methods as well as a general analysis of their further development prospects. The priority of this article is to propose a method that is based on utilizing spectral characteristics of the given pulsars to specify their distinctive features and to create an appropriate pattern which would identify a particular pulsar. Numerical maps of pulsars detected in the universe will enable a correlation of range of identified patterns with an area where the measurement has been previously conducted. There are numerous potential benefits from implementing this technology. A navigation and/or timing system utilizing pulsars would be available anytime when cosmic radio sources can be observed, from low Earth orbits to interplanetary trajectories and planetary orbits. X-ray emissions are completely absorbed by the Earth's atmosphere and therefore the use of that wavelength is limited to space or planetary bodies without an atmosphere. Despite being aware of many limitations connected with the suggested method, such as a need to develop appropriate low-noise detectors, the applicative implementation of the method and its further use may become a good alternative to build a useful location platform and constitute one of the ways of conducting navigation during space research.