TechNavio today launched its report Global Positioning System Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”The fast growth in Global Positioning Systems (GPS) technology is a major trend in the GPS market. Vendors of the GPS market design the GPS by focusing on the end-users™ requirements. Technological advancements in GPS are in terms of improving the navigation capabilities along with adding extra features. With the technological advances GPS is designed with communications and other technologies such as voice-guided in-car navigation, voice-guided pedestrian navigation, mobile maps, mobile map applications, people tracking, tracking and tracing (commercial applications), location-enabled search, and advertising.”
According to the report, the growing demand for GPS in smartphones is one of the major growth drivers of the GPS market. Currently, almost nine out of ten smartphones are GPS-enabled and in future it is forecast to be the major segment for revenue contribution to this market. With an embedded GPS receiver and mapping service in smartphones, users are able to obtain real-time position tracking, text and voice-guided directions, and desired locations.
Further, the report also discusses that one of the major challenges affecting the growth of the GPS market is its lack of accuracy.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players. For further information on this report, please visit http://goo.gl/Z2Eid
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Hardware, please visit https://www.technavio.com/hardware
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Report – Global Positioning System Market 2011-2015
