By Kalwinder KaurJul 25 2012
Reportlinker.com has released a new market research report on Global Positioning System (GPS) technology. The report provides an overview of the global GPS market to 2015.
Titled "GPS Market Forecast to 2015," the report forecasts that during 2012-2015, the market for GPS/LBS devices is expected to grow at 15% CAGR, to reach 1015 million units.
GPS technology is being utilized for simple as well as complex applications. It is being used along with technologies such as communications to form sophisticated applications. New technological applications are expected to fuel the growth of the GPS market. Producers of GPS equipment and satellites have been seeing significant growth through deployment in more applications.
Global navigation satellite systems' (GNSS) technology is expected to be adopted for route guidance devices in vehicles and in mobile phones. Certain countries including Japan, India and China are planning to deploy GNSS systems which will further boost the market.
Utilization of GPS technology for smartphones has seen tremendous growth and this trend is expected to continue. Mobile commerce, location-based shopping, and increasing number of smartphones will further boost growth.
GPS is being increasingly adopted in various fields, including communications, space, aviation, railroads, waterways, maritime, construction, highways, public transportation, environmental protection, scientific, weather and surveying. It is also being adopted for emergency response, law enforcement, forestry and agriculture.
The report provides information about the opportunities available in the industry and the forces that drive the GPS market. The competitive landscape, and the trends and developments of the GPS industry are also analyzed in the GPS market report.
Source: http://www.reportlinker.com/
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