LBS Subscribers to Grow at 56% CAGR During 2010-2013

According to our research report “World GPS Market Forecast to 2013”, the Global Positioning System (GPS) technologies contribution to the world economy has shown a steady growth in the last decade. The location-based services market is currently at a turning point, indicating towards the mainstream adoption in the coming two to five years. People are becoming increasingly familiar with small, satellite-based GPS navigation devices in vehicles and mobile handsets. With further improvement in various other services and technology, the number of GPS-enabled LBS subscribers is anticipated to grow at a CAGR of over 56% during 2010-2013.

 

We have found that the applications of global positioning system (GPS) have rosy prospects in the global market. The latest industry trend of technology convergence will integrate GPS with RFID, inertial, and other technologies to bring location information to even more applications. The system is expected to facilitate customer services as well as inbound and outbound scheduling by managing supply chain of the manufacturers. Our report has thoroughly discussed the current industry trends of the GPS market.

 

Our study shows that, at the global level, the North American region has played a critical role in the development of the GPS market. To boost growth in commercial GPS markets, most important efforts have been undertaken by the US government. However, the Asia-Pacific region will also witness strong growth in the GPS market in coming years. The report provides regional analysis and profiling of leading countries of the world GPS market. Future outlook has also been provided for these countries till 2013.

 

Our team of experts has found that the fast growing GPS market worldwide has been fuelling growth in the GPS-enabled handset market. In fact, not only handset market, there are other areas, where use of GPS technology is growing day by day. We have thoroughly analyzed those growth areas with their future outlook till 2013. Our research report offers prudent analysis of end-user applications and the impact on verticals. It also provides information on key players of the industry.

For more information visit: http://www.rncos.com/Report/IM035.htm