Mobile Location Technologies Market to Showcase Record Growth
As per RNCOS research report, the mobile location technologies market is projected to grow at a CAGR of about 20% during 2010-2013.
- (1888PressRelease) February 26, 2011 - The Global Positioning System (GPS) technology's contribution to the world economy has shown a steady growth during the last decade. The technology has proven its worth as huge benefits are being drawn from this technology to obtain precise position, velocity, and timing information of various devices. With the increasing usage of mobile location technologies in automotive and consumer applications, it is expected that the mobile location technologies market will grow at a CAGR of about 20% during 2010-2013, says "World GPS Market Forecast to 2013", a market research report by RNCOS.
The mobile location technologies market was launched by the GPS satellite system. The uptake of GPS in new applications is projected to continue at a brisk rate on account of increasing availability and declining prices. GPS chipsets are experiencing gradual decline in prices, which, in turn, is prompting the GPS-based products' adoption. Moreover, these chipsets are progressively reducing in size, thereby facilitating incorporation of the technology in Personal Digital Assistant (PDAs) and mobile phones. Consequently, the usage of technology in consumer applications, such as car navigation, child/elderly people tracking, and asset tracking, is increasing.
We have found that, to address the growing market demand, a new variety of compact and Portable Navigation Devices (PNDs) has surfaced. Our report has analyzed the industry's performance by providing an insight on these devices along with the forecast on the total shipment of GPS devices during 2009-2013. We have also examined the industry's performance by subscriber, application, such as survey/mapping, in-vehicle navigation, and machine control, and by region.
"World GPS Market Forecast to 2013" provides a complete overview of the GPS market worldwide. All the current trends and developments of the GPS industry have been evaluated in the report. Key geographic markets, including the US, Canada, Japan, and other Asian countries, have been specially focused in the research. The report also unveils opportunities, which are still to be tapped by different vertical segments of the GPS market, including chipset availability, new advanced access devices, and the PND market.
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