PRLog - Nov. 9, 2009 - COLOGNE, Germany -- One of the major factors for the growth of GPS is increase in the demand of mobile location technologies. Further, timing and location capabilities of GPS account for its growth in applications such as disaster relief & emergency services, banking, and power grid control. The automotive and consumer industries have a large demand for GPS.
GPS is evolving from being a product to being a feature; and amidst recession, companies are making use of GPS for self monitoring. For example, distribution, shipping and construction companies can reduce operational and fuel costs of fleet vehicle by implementing GPS tracking solutions.
With the increasing demand for GPS solutions in the consumer segment, customers prefer to purchase from traditional CE retail channel, including online merchants.
“The demand for navigation devices is increasing due to a higher awareness towards positioning technology, decreased prices of navigation devices, enhanced user friendly features, and ease of access,” says one of the Infiniti Research experts, “the Global GPS market is expected to reach $69,658 million by 2012 from 27,470 million in 2008; growing at a CAGR of 26 percent.”
The report The Global Positioning System Market 2008-2012 forecasts the market size of GPS over the period 2008-2012. The total GPS market is segmented into various geographic regions (representing the revenue from GPS in each of these regions). The report also discusses about the market trends, sales drivers and challenges that characterize the GPS market and profiles some of the key vendors of this market.
Infiniti Research: The Global Positioning System Market 2008-2012:
Infiniti Research: More market data and market reports:
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