The Global Positioning System (GPS) industry includes products and software for many applications. The use of GPS can be as simple as determining a location and as complex as using 2 way communication while remotely controlling a vehicle. While these are only a few applications, over the last years there has been a rapid increase in commercial application of GPS hardware and software. The wide range of needs that the GPS industry fulfills along with the broad availability for alternative solutions has led to a very diverse and competitive market for GPS equipment, services and electronic technology.
The original use of GPS technology and equipment was for navigating military boats and aircraft. However, today there are many more uses for GPS technology, with new applications discovered each month. Some of the recent applications include GPS use in business, law enforcement, highway construction, public transportation, railways, emergency response, agriculture, forestry, weather, surveying, space, environmental protection and recreational.
The “World GPS Market Forecast to 2013” is a research report that analyzes and provides a complete report of the international GPS market. According to this report, it is estimated that the exporting of GPS devices will grow at a CAGR of greater than 20% between 2011 and 2013. It is projected that the shipment of GPS devices will reach 900 million units by 2013.
The undoubted increase in interest and development of smart phones, mobile commerce, technology unionization, and location based shopping are all expected to increase the GPS market worldwide. Many Smartphone are now equipped with location features, which use GPS enabled Location Based Services (LBS) to provide this information. This LBS market is also expected to grow to $10 billion by 2013.
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