Global GPS Navigation and LBS Market 2010-2014

Countries covered: Global TechNavio's analysts forecast the Global GPS Navigation and LBS market to grow at a CAGR of 50.2 percent over the period 2010-2014. One of the key factors contributing to this market is the growth in the sales of smartphones. The Global GPS Navigation and LBS market has also been witnessing its increasing applications in the automobiles. However, the availability of alternate satellite system could pose a challenge to the growth of this market. Key vendors dominating this market space include Garmin Ltd, TomTom NV, Magellan, and Mio Technology Corp. TechNavio's Global GPS Navigation and LBS Market 2010-2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions and focuses on the services part of the Global GPS Navigation and LBS market. In addition, the report provides the major growth drivers that influence the growth of the Global GPS Navigation and LBS market. It also includes the challenges and key trends in the market. Key questions answered in this report: What will the market size be in 2014 and at what rate will it grow? What key trends is this market subject to? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the opportunities and threats faced by each of these key vendors? What are the strengths and weaknesses of each of these key vendors?

Additional Information


Press Release

Smartphones Continues to be a Key Driver for GPS Navigation Market

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

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