Riding on the back of increased demand due to their usage in navigation, entertainment services, e-commerce, and emergency roadside assistance, portable navigation devices are posting an unprecedented growth in sales in Japan. According to a new research report by RNCOS, the sale of these devices is growing in the country at a rate that is almost twice the pace at which Japan’s commercial telematics market is expanding. It is expected that the trend will continue and the country’s portable navigation device sales will increase at a CAGR of around 37.58% during 2011-2013.
As per the comprehensive report, “World GPS Market Forecast to 2013”, on the global front, the uptake of the 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 at lower costs. The sales of GPS devices have witnessed a dramatic improvement as navigation devices have become increasingly affordable. Seeing the market potential, solution providers are progressively more involved in the research and development to offer better features and functionality which are both easy to use and provide improved navigational services. The latest industry trend of technology convergence will also see the incorporation of GPS with the RFID, inertial and other technologies to carry location information to even more applications.
The report has studied the entire GPS market to observe the current trends. The potential growth in the GPS-enabled handset market, PND market and various other areas are also part of the study, which analyzes the impact of the GPS technology on various verticals. The analysis of key players has been included in the report, together with a comprehensive research about their strengths and weaknesses. All the recent developments of the industry have been evaluated in the report, which gives an overview of the GPS market worldwide. It has also discussed in detail key geographic markets, including the US, Canada, Japan and other Asian countries.
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