Noida, UP -- (SBWire) -- 07/28/2010 -- Among the global mobile location technologies market in 2008, vehicle navigation was estimated to have the largest share of nearly 66%. As per our research report “World GPS Market Forecast 2013”, it is expected that vehicle navigation in the entire GPS market will grow at a CAGR of around 25% during 2010-2013. We have found that the emerging GPS applications in automation of heavy machinery, potential in cellular devices will create a plethora of opportunities for GPS equipment manufacturers. Our research has found that the North American and Western European markets represent a big room for growth in vehicle navigation.
The report studies the performance of GPS industry by segmenting it into various sub-sections which include market by device, subscribers and application areas. In the application area, we have included details of segments like Machine Control and Surveying and Mapping. On the regional level, we have forecasted the market and growth prospects of America, Europe and Asia-Pacific. From every region, few countries have been chosen on the basis of current market trends and future growth potential. Countries included in the study are US, Canada, UK, France, Germany, Russia, Japan, China, South Korea and India.
Our team of analysts has studied the entire market to find out the current trends in the GPS industry. The potential growth in GPS enabled handset market, PND market and various other areas are covered in the study. The impact of GPS technology on verticals has been analyzed in the report. Key player analysis section of the report provides a comprehensive research about the strengths and weaknesses along with the company profile of the leading market players.
“GPS Market Forecast to 2013” is an extensive research report that comprises valuable analysis of the global GPS market. The research will provide a prudent analysis of the GPS industry by studying recent developments and their impact on the market. The report will help clients to analyze the leading-edge opportunities, expected future outlook and all the other factors critical for the success of the global GPS market.
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Vehicle Navigation to Grow at Phenomenal Rate
With the uptake of GPS technology in new applications, it is expected that the shipment of GPS devices will grow at a CAGR of around 22% during 2010-2013.