Sales of GPS Devices to Grow at CAGR 25% Worldwide

The GPS market has substantially developed in the last decade on the back of increasing usage in vehicle navigation, fleet management, asset tracking, surveying/mapping, public safety, aviation, marine, aeronautical and consumer GPS markets. In recent years, the technology has become increasingly accessible for public application as new and advanced satellite systems have gained omnipresence.

According to our new research report "World GPS Market Forecast to 2013", the sales of GPS-enabled devices are forecasted to grow at a CAGR of around 25% during 2009-2013, doubling the volume of GPS devices to be sold during the period. The research study provides a comprehensive review of the GPS market across the world, giving deep insight in the current industry trends and developments vital for the successful deployment of GPS technology worldwide.

Our research has found that traditionally, the GPS devices market was dominated by portable navigation devices (PND). However, the future growth will be seen in GPS-enabled handsets due to low cost associated with these devices. Besides, there will be emerging some another category for which demand is expected to flourish over the forecast period.

"World GPS Market Forecast to 2013" provides thorough analysis of the GPS market worldwide. The report contains analysis of GPS uptake in the major geographic markets such as the US, Canada, Japan and other Asian countries. It gives detailed information about end-user applications, including In-vehicle Navigation, Survey/Mapping, Machine Control and others. It also says that opportunities remain untapped for various vertical segments of GPS market, which include new advanced access devices, chipset availability and PND market.

The report enables clients to evaluate the current GPS industry trends at the global and regional level while giving a prudent analysis of the future potential of GPS industry worldwide.

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