NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/07/12 - RNCOS has recently added a new Market Research Report titled, “World GPS Market Forecast to 2013” to its report gallery. Our report provides a complete overview of the GPS market worldwide.
Global Positioning System (GPS), a satellite-based navigation system developed by the U.S. Department of Defense, provides a consistent and accurate method of simplifying navigation. It provides flexibility of positioning for surveying, navigation and Geographic Information System (GIS) data capture. With the increasing use of mobile location technologies in automotive and consumer applications, it is expected that mobile location technologies market will grow at a CAGR of about 20% to cross US$ 70 Billion by 2013, says “World GPS Market Forecast to 2013”, a new market research report by RNCOS.
The latest industry trend of technology convergence is expected to integrate GPS with RFID, and other technologies. Also, the technology is gaining rapid acceptance in the areas that were earlier untapped. Thus, the number of subscribers of GPS-enabled location-based services is anticipated to grow substantially in near future, with market revenue touching the mark of US$ 10 Billion by 2013. Speedy enhancements and developments in digital mapping software are presenting this positive outlook for the industry.
With the emergence of GPS technology in automation of heavy machinery, the market is expected to take a shift from personal use to commercial use. The technology provides heavy equipment to be managed in a cost-effective manner.
Our report also analyzes the impact of economic turmoil on the GPS industry. The year 2009 was crucial for the overall development of the GPS industry in the regions such as North America and Europe. Emerging countries like India and China will continue to witness rapid growth in the adoption of GPS technology. India’s navigation and telematics system market is projected to grow at a CAGR of around 16% during 2010-2013 to reach around US$ 48 Million by 2013.
“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.
Our research report offers prudent analysis of end-user applications, such as Survey/Mapping, In-vehicle Navigation, Machine Control, etc. It also unveils that opportunities remain to be tapped for different vertical segments of the GPS market, including chipset availability, new advanced access devices, and the PND market.
All-in-all, the report guides clients in assessing current trends of the global and regional GPS markets, while simultaneously giving them a snapshot of the future potential of the industry worldwide.
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.