Delhi, India (PressExposure) May 06, 2009 -- According to our new research report, âWorld GPS Market Forecast to 2013â, the number of subscribers of location based services worldwide is forecasted to exceed 350 Million in near future. This will help market players to generate around US$ 9.8 Billion in revenues that are expected to grow at a CAGR of more than 40% during 2009-2013.
The report says that the availability of low-cost, high-powered portable navigational devices has led to a variety of solutions, which combine maps with location information, enabling the user to navigate. While earlier the use of navigational services was mainly limited to vehicle tracking, introduction of easy-to-use and cost-effective navigational devices will enhance their use over the forecast period.
Mobile manufacturers have been continuously incorporating GPS chipsets in their handset shipment. The inclusion of GPS in 3G phones began in the beginning of 2008, and is expected to boost the demand for navigational services, allowing operators to offer LBS. It is anticipated that GPS-enabled mobile devices will account for about 70% of the total GPS devices shipment by the end of our forecast period. With this, services other than vehicle navigation, such as navigation for tourists and pedestrians, child location, find-a-friend and local directories, and advertising, will become popular over the next few years.
RNCOSâ âWorld GPS Market Forecast to 2013â provides extensive research and thorough analysis on the GPS market worldwide. The report evaluates the current industry trends and challenges that are confronted by the GPS industry worldwide. Analysis is presented for major geographic markets such as the US, Canada, Japan, and other Asian countries like India and China.
The report gives a detailed analysis on the end-user applications, including In-Vehicle Navigation, Survey/Mapping, Machine Control and others. It also states that opportunities remain untapped for various vertical segments of GPS market, like in new advanced access devices, chipset availability, and PND market.
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