TechNavio a market research leader in the area of Hardware, recently published its report Global GPS Navigation and LBS Market 2010“2014. The report discusses the current and future trends of this market.
TechNavio™s report highlights that increasing demand for smartphones is an important growth driver for the Global GPS Navigation and LBS market. Nine out of ten smartphones are GPS enabled. GPS manufacturers are focusing on the Smartphone market because of the increasing customer demand for this feature. With embedded GPS receiver IC and mapping services in smartphones, it is easy to obtain real-time position tracking, text and voice-guided directions, and points of interest. Hence, these features are giving a competitive edge to the Smartphone market, which in turn is boosting the Global GPS Navigation and LBS market.
Commenting on the report, an analyst from TechNavio™s Hardware team said, In today™s market landscape, surveyors, civil engineers, and general contractors are facing tight timelines and even tighter budgets. Combining GPS machine control and building information modeling (BIM) helps engineers, contractors, and surveyors to automate most of the construction process. It dramatically improves productivity and accuracy, and also helps to complete heavy highway and site construction projects faster and more profitably
Key findings from the report:
¢ Availability of Economical GPS Chips
¢ High Cost of Access Devices
¢ Increasing GPS Use in the Aviation Sector
TechNavio™s reports are prepared based on an in-depth study of the market with inputs from key industry participants. The report discusses important drivers, trends and challenges apart from profiling key vendors in the industry.
For more information on TechNavio, please visit https://www.technavio.com/content/global-gps-navigation-and-lbs-market-20…
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Smartphones Continues to be a Key Driver for GPS Navigation Market
