A new research report by RNCOS titled, “World GPS Market Forecast to 2013”, says that the surveying and mapping market is growing at a rate more than 14% and expected to expand by 1.5 times during 2010-2013 across the globe.
The growth is mainly driven by the rise in demand, such as real-time traffic information, navigation, and emergency roadside assistance. Increasing transport infrastructure, primarily roads and railways, which is opening up more jobs for surveyors and creating demand in high-end surveying technology is another factor driving its growth.
As the technology is evolving and expanding globally, the surveying and mapping community is gradually redefining the tools required to improve productivity and obtain a highly accurate data. The purpose of using GPS technology in surveying and mapping is to discover the locations of points on or near the Earth.
Moreover, on the global front, the uptake of GPS in new applications is expected to continue at a brisk rate. The growth will be driven mainly by the increasing availability of GPS access devices and continuously declining prices. Seeing the market potential, solution providers are increasingly involved in R&D to offer better features and functionality that are both easy to use and provide better navigational services.
In addition, the latest industry trend of technology convergence will incorporate GPS with RFID, inertial, and other technologies to carry location information to even more applications. The system is anticipated to facilitate customer services as along with inbound and outbound scheduling by controlling supply chain of the manufacturers.
Our team of analysts has studied the entire market to find out the current trends in the GPS industry. The potential growth in GPS-enabled handset market, PND market, and various other areas are covered in our report. The impact of GPS technology on various verticals has also been analyzed in the report. A section on key player analysis included in the report provides a comprehensive research about the strengths and weaknesses along with the business derivatives of the leading market players.
In other words, the report 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 are specially focused in the research.