GPS Shipments to Surpass 700 Million by 2013

Delhi, India (PressExposure) April 28, 2009 -- RNCOS in its new research report, “World GPS Market Forecast to 2013”, says that the global shipment of GPS-enabled devices such as PNDs, GPS-enabled mobile phones and smart phones is forecasted to exceed 700 Million Units by growing at a CAGR of more than 24% through 2013.

As of 2007, majority of GPS-enabled devices shipped globally were PNDs. However, the introduction of GPS into mobile phone devices from 2008 onwards is expected to fuel rampant growth in the sales of GPS devices over the forecast period. The report also says that GPS-enabled mobile devices have the potential to disrupt the market for PND vendors that accounted for more than 90% of unit volume in 2007. This is mainly due to the fact that mobile phones have become ‘must-have’ among the worldwide consumers.

As a result, of the total GPS devices shipped in 2013, GPS-enabled mobile phones will dominate the overall market, followed by PNDs and other devices. Driven by the involvement of wireless carriers, handset-based GPS will grow strongly in North America while Europe is the strongest market for GPS currently; strong growth is expected in developing countries such as China and India. By 2013, more navigation systems are expected to be shipped in the Asia-Pacific region than in any other region.

However, the report says that the mass adoption of GPS over the forecast period will largely depend upon its affordability among consumers all across the world. So, the manufacturers of GPS devices, including handset and PNDs, should increasingly device their strategy to cut down the prices and make the devices even more affordable with easier operating functions to mass market, adds the research report.

Besides this, the report gives a detailed analysis on the end-user applications, including In-Vehicle Navigation, Survey/Mapping, Machine Control and others.

The report “World GPS Market Forecast to 2013” by RNCOS provides a comprehensive review on the global GPS market. The report thoroughly evaluates the current industry trends and challenges that are vital for the success of GPS industry worldwide. The analysis focuses on the major geographic markets such as the US, Canada, Japan, and other Asian countries like India and China.

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RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

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Press Release Submitted On: April 27, 2009 at 3:39 am
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