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Global Positioning System (GPS) Market 2008-2012
Infiniti Research Limited, April 2009, Pages: 18
The Global Positioning System (GPS) is a space-based radio navigation system that provides reliable positioning, navigation, and timing services to the users. GPS calculates the geographic position (longitude, latitude, and sometimes altitude) by signal broadcast from constellation of satellites that is further received and used by GPS receiver. The receiver, with an antenna, is tuned to the frequencies of transmitted signal. The received signal is then fed in the processor along with a display screen to map the location or calculate the time taken to reach the destination. The information is then be used by various systems such as computer systems, communication devices, etc., for different functions.
Global positioning systems (GPS) are becoming an important part of many logistics and transport-related services. The demand for navigation devices is increasing due to a higher awareness towards positioning technology, decreased prices of navigation devices, enhanced user friendly features, and ease of access.
With advances in technology, there has been a shift towards GPS based navigation by logistic companies of advanced economies such as Europe, Japan, the US and Australia. However, the developing economies such as India and China are also picking up this trend.
Increasing affordability, enhancement in GPS related services, investments by logistic companies, tour operators on GPS based navigation systems, are few trends, which are becoming prominent in the Global GPS markets.
On the other hand, the various considerations for the purchase of GPS systems include features such as quality of displays, clarity of maps, warranty, screen size, ease of use, sound quality, and different ranges and prices. Globally, GPS based services are considered for deployments because their successful implementation results in increased reliability of the services, reduced operating expenses, and optimum utilization of the available resources. Also, with new players emerging in the market, the areas of application of GPS systems is increasing steadily. Further, the availability of GPS based navigation on mobile phones is a key growth driver of the GPS based chips.
The report by TechNavio Insights forecasts the size of the Global Positioning System Market over the period 2008-2012. Further, it discusses the key market drivers, market trends, challenges of the Global Positioning System Market, and profiles some of the key vendors of this market.
The author specializes in deep dive custom research for leading Fortune 500 companies. The company conducts more than 200 market intelligence projects every year. TechNavio is the company’s market intelligence platform. TechNavio Insights is a series of 400+ reports based on this market intelligence platform.
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