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Global GPS Market By Products (Marine, Aviation, Automotive, Outdoor/Fitness & GPS Enabled Smart Phones), Applications (Navigation, Machine Control, & Logistics Tracking) & Geography (2011 - 2016)

242 Pages MarketsandMarkets December 01, 2011 SKU: MKMK6709855

GPS, after its inception in 1970, was used only for military purposes; but after 1999, the signals were released for civilian purposes as well. This has created a large and continuously growing market in the last 10 years. These days, GPS is used for industries, including farming, construction, transportation, and aerospace, and to make things more accurate.

In addition to creating efficiencies and reducing operating costs, the adoption of GPS technology has improved safety, emergency response times, and environmental quality, and delivered many other less-readily quantifiable benefits.

The main problem with the GPS systems is its strength to transmit signals. Due to this, GPS is still unable to grasp its hand all over the world. Studies from our side indicate that different governments are working on this problem and going to launch their own satellites system for solving this problem.

One of the major problems in this field is licensing as there are stringent rules and regulations for the companies who want to enter in this field. Owing to this, loads of companies who wanted to enter in this field in the past had failed to pass these stringent criteria. Now, with the innovation, in terms of usage in different fields such as fitness, and infotainment, new companies have raised their bars and entered these fields aggressively.

Contracts signed up amongst the bigger players such as Google (U.S.), Nokia, and Microsoft (U.S.) with mapping small software companies based in APAC regions, have helped the companies to launch their products with much ease.

The increasing wireless network of 3G and 3.5G all over the world has supported the use of GPS devices to create the solution of signal loss problem with the usage of augmentation technology. It creates an opportunity for all GPS companies to capture the untapped market in the Asia-Pacific (APAC) and Rest of the World (ROW).

The GPS market is estimated to generate $9.1 billion in 2011 and $26.36 billion by 2016 at a CAGR of 23.7% from 2011 to 2016. The global GPS product market is segmented into GPS enabled smartphone, GPS cameras, and portable automation devices.

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Global GPS Market By Products (Marine, Aviation, Automotive, Outdoor/Fitne...

MarketsandMarkets
December 01, 2011

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