The global positioning system (GPS) is a constellation of satellites that broadcast signals, which are used to derive precise timing, location, and velocity information. The derived information can then be clubbed with other systems, such as communication devices, computers, and software to perform a variety of functions. With equipments ranging from hand-held receivers to rack-mounted electronics, the signals of global positioning systems can be used by anyone, anytime, anywhere in the world.
GPS is an information technology that is part of the emerging Global Information Infrastructure. Gps technology has contributed a great deal to the world economy over the last decade. Presently, there are more than hundreds of uses of GPS, starting from stand-alone applications to more integrated, embedded applications.
In Western Europe, the vehicle navigation market is in its initial stages, but there is already a strong demand for traffic information and navigation solutions. Countries like USA, Japan, and some others have gained a cumulative shipment of 9.39 million in-vehicle navigation and traffic information units in May 2002, and still find a great demand. GPS (global positioning system) production value globally is expected to grow to $21.5 billion in 2008, up from $13 billion in 2003, according to the Industrial Economics and Knowledge Center (IEK) of the Industrial Technology Research Institute (ITRI). In the year 2003, GPS equipment sales was reported to be around US $3.5 billion worldwide, and that annual market could grow to US $10 billion after 2010, according to a report published by a market research firm.
Based on the industry trends and technological assessment, experts predict that the market is expected to grow by the next 15-20 years. The market is yet to perform as well as expected. Predictions also show strong annual growth and an expected market size of US $757 billion by 2017.
Report highlights
- Overview of the Gps technology
- Scope and application of Gps devices in market structure
- Differential GPS (DGPS) techniques and application
- Global GPS market structure and structural growth
- GPS market and revenue share (by sector)
- Government initiative and funding policies
Report features
RNCOS’s “Global Positioning Services: Emerging Technological Trends” report provides an in-depth vision of the market scenario and the varied application growth opportunities influenced by the technological advancement in the field of GPS services. The primary focus of the report is to leverage a balance by contemplating on the impact of GPS, the market development and its limitations, along with a critical perspective into the ongoing insurgences and concerning technological issues. Chapter 2 provides an overview of the gps technology and Chapter 3 provides an insight into the industry. Chapter 4 highlights the government initiative and funding policies, while Chapter 6 talks about the current technological advances and opportunities.
