NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/06/16 - The global PND sales are projected to grow at a CAGR of around 9% between 2010 and 2013, says a new research report from RNCOS.
The GPS Portable Navigation Device (PND) market has experienced tremendous growth over the past few years due to continuous decline in price and increasing consumer awareness about the benefits of the product. Apart from navigation-related features, PND vendors are integrating multifunction capabilities like digital cameras and digital TV receivers to complement existing media player functions. To increase the usage scope of navigation services in day-to-day activities, introduction of wireless connectivity to PNDs will facilitate in providing online services such as local search, content sharing, enhanced traffic information, and map updates. As a result, on the back of economic recovery and continuously declining prices of PNDs, it is expected that the PND shipments will grow at a CAGR of around 9% between 2010 and 2013, says “World GPS Market Forecast to 2013”.
Our team of experts has studied the global GPS market by segmenting it into various subsections on the basis of device, subscriber, application and region. Our report provides detailed country-level analysis of the major countries across the world which will drive the future growth of the GPS market. Various countries covered as part of our research includes US, Canada, UK, Germany, France, Russia, Japan, China, South Korea and India. Each of the country profile provides market update on the GPS market developments and expected future trends in respective countries. This country level analysis will help clients to figure out the emerging countries in this field which are expected to see rapid commercialization of the technology in near future.
Our research provides detailed information about end-user applications, including In-vehicle Navigation, Survey/Mapping, Machine Control and others. We have carried out thorough analysis of the current market trends and developments critical to the success of the overall GPS market. Besides this, the factors which are fueling the growth of the global GPS market have been discussed in detail including detailed analysis of the key GPS device manufacturers in the world including their strengths and weaknesses.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.