Global Sourcing Service for China,Taiwan,Asia Strategic Sourcing and Procurement Sourcing Provider: World GPS Market Forecast To 2012

From:http://www.ready-sourcing.com/sourcing-news/auto/gps-2012.html

Taiwan is attracting major players to set up their production facilities in the
country.

Global Positioning System (GPS) is a revolutionary tool, which provides
unequalled accuracy and flexibility of positioning for navigation, surveying and
Geographic information system (GIS) data capture. Growing use in automotive and
consumer applications is propelling the market for mobile location technologies.
Although standalone products are quite popular, the most common applications are
built around Portable Navigation Devices (PNDs), mobile phones, or car
navigation systems.
Moreover, the technology is fast gaining acceptance worldwide, as it is
penetrating into previously untapped areas, says "World GPS Market Forecast to
2012".
The report provides a comprehensive review on the market trends, drivers,
challenges, and opportunities that are vital for the success of GPS industry
across the world. Analysis is presented for major geographic markets such as the
US, Canada, Europe, Japan, and other Asian countries like India and China. The
report gives a detailed analysis on the end-user applications, including
In-Vehicle Navigation, Survey/Mapping, Machine Control and others.
Key Findings
- Currently, Japan has the highest in-vehicle navigation system penetration
followed by North American and European countries.
- The 2008 Olympic Games in Beijing and Shanghai World Expo in 2010 are
expected to trigger an explosion in the commercial telematics market in China.
- With the rapid development of GPS market in countries like China and India,
majority of navigation systems are anticipated to be shipped in Asia-Pacific by
2012.
- Taiwan has emerged as a manufacturing destination for GPS products on the
global map, attracting major players to set up their production facilities in
the country.
- With the growing demand for navigational services, the global market for
Location Based Services (LBS) is likely to grow at a CAGR of more than 104%.
- As of 2007, PNDs dominated the GPS device market with more than 90% market
share. However, this share is expected to get disturbed by the availability of
GPS-enabled handsets that will account for an estimated 78% market share by 2012
end.
- Opportunities remain untapped for various vertical segments of GPS market,
like in new advanced access devices, chipset availability, and PND market.
Key Issues Analyzed
- What is the current status of the global GPS market?
- What are the factors that are fueling growth into the global GPS market?
- Industry profile of various countries like U.S., Japan, China, India, etc.
- What are the current and future trends in the global GPS market?
- Which areas are creating opportunities for various segments in the global GPS
market?
- Which factors may inhibit the growth in global GPS market?
- Who are the Key players in global GPS market?
by Staff Writers Dublin, Ireland (SPX) Mar 20, 2008
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