| The use of Global positioning system (GPS) | | | | global GPS market to reach $ 22bn by 2008." |
| receivers has increasingly become affordable to | | | | Quotes a Technology & Market research firm |
| the masses during the last 18 months, as these | | | | RNCOS. |
| units are now available for less than $100. | | | | Talking about the technological front of GPS |
| A number of other recently studies conducted, | | | | Industry Market, Experts at RNCOS believe that, |
| worldwide, also examines the market for GPS | | | | "GPS is the engine driving much of the telematics |
| integrated circuits (ICs). Though unit growth will be | | | | industry. It has also reformed the automotive |
| very strong in the GPS market, continued pricing | | | | platform by enabling tracking a teen's use of the |
| pressure for ICs will temper overall revenue | | | | family car to automatic tax collection for |
| growth to about that of the overall equipment | | | | interstate trucking companies". |
| market. | | | | The study, "World Global Positioning Systems |
| The latest development and evolution of | | | | Market Update (2006-2008)" examines the |
| surveying and mobile mapping technologies opens | | | | current status and trends of the global positioning |
| new avenues for the acquisition, update, fast, and | | | | systems industry. Covered areas include wireless |
| real-time online processing of data. Currently | | | | and in-vehicle navigation, as well as growing |
| mobile mapping systems are supported by a | | | | segments such as recreation, communication, |
| series of advanced technologies, including GPS and | | | | people tracking, marine and surveying, among |
| inertial navigation systems (INS), imaging sensors | | | | others. |
| of high-resolution charge coupled device (CCD) | | | | As per the report the Analysts at RNCOS predict |
| camera, satellite synthetic aperture radar (SAR), | | | | that "Although new GPS markets are anticipated |
| multi spectral and hyper spectral sensors, portable | | | | to reach mass-market status increasing at a rapid |
| computers and highly intelligent processing | | | | speed with unit sales expected to reach 30 million |
| automation algorithms. | | | | by 2010 the GPS industry will continue to spin off |
| Experts, Analysts, Corporate Heads Believe that | | | | new application markets followed by demand for |
| the current role of government in global | | | | Satellite radio valued 15.7 million in next 5 years." |
| competition for GPS-related sales is relatively | | | | For each segment, total market value is |
| limited, largely involving regulatory matters such | | | | forecasted to 2008 in addition to regional totals. |
| as certification of GPS in safety-of-life applications | | | | An analysis of key market drivers and barriers |
| and export controls on military-grade GPS | | | | for each segment is presented. The report also |
| equipment. | | | | quantifies the market for GPS IC shipments, ASP |
| "This consistent growth in existing markets along | | | | and revenue to 2008. |
| with the emerging applications, has forecasted the | | | | |