Global GPS Market worth $26.67 Billion by 2016

1
MarketsandMarkets Presents
Global GPS Market worth 26.67 Billion by 2016

http//www.marketsandmarkets.com/Market-Reports/gl
obal-GPS-market-and-its-applications-142.html
2
According to a new market research report Global
GPS Market Products (Marine, Aviation,
Automotive, Outdoor/fitness GPS Enabled Smart
Phones), Applications (Navigation, Machine
Control, Logistics Tracking) Geography (2011
- 2016), published by MarketsandMarkets, the
total GPS market is expected to reach 26.67
billion by 2016 at a CAGR of 23.7 from 2011 to
2016. Browse 33 tables and in-depth TOC on this
report.http//www.marketsandmarkets.com/Market-Re
ports/global-GPS-market-and-its-applications-142.h
tml Early buyers will receive 10 customization
on this report.

3
GPS is an engine of economic growth and jobs, and
has generated billions of dollars of economic
activity. GPS application market is diversified
into large number of segments. Even the
automotive devices are heading towards maturity
in North America and Europe but it has a large
scope in the APAC region of which China and
India will be taking the lead in the near future.
The emerging markets like African and Arab
countries will also seek the positive
growth. GPS helps in determination of position
in three dimensions, timing, and velocity using
precise radio navigation signals. 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 market
for GPS is already a multi-billion dollar
industry future potential is significant.
4
Governments around the world are in the process
of setting up the more satellites and integrate
them with each other technologies, which in
result are going to help in solving the problem
of errors caused during the transfer of signals
with any means like air, water, or any physical
object. This will help the companies to grasp the
untapped market and increase their productivity.
The new line of products such as Tablets, GPS
enabled smartphone, fitness devices will be a
major driving factor in the growing regions.
Including hardware, software is also one of the
major growing markets of GPS. Some of the
technology such as augmented reality, touch less
gestures, voice enable commands has increased the
scope of the overall GPS market. Increased used
of telematics in the automotive sector has also
increased the scope of GPS software market.
5
About MarketsandMarkets
MarketsandMarkets is a global market research and
consulting company based in the U.S. We publish
strategically analyzed market research reports
and serve as a business intelligence partner to
Fortune 500 companies across the
world. MarketsandMarkets also provides
multi-client reports, company profiles,
databases, and custom research services. They
cover thirteen industry verticals, including
advanced materials, automotives and
transportation, banking and financial services,
biotechnology, chemicals, consumer goods, energy
and power, food and beverages, industrial
automation, medical devices, pharmaceuticals,
semiconductor and electronics, and
telecommunications and IT. We at
MarketsandMarkets are inspired to help our
clients grow by providing apt business insight
with our huge market intelligence repository.
http//www.marketsandmarkets.com/Market-Reports/gl
obal-GPS-market-and-its-applications-142.html
6
Contact Us
Mr. RohanNorth - Dominion Plaza, 17304 Preston
Road, Suite 800, Dallas, TX 75252Tel
1-888-6006-441Email sales_at_marketsandmarkets.com
 MarketsandMarkets Bloghttp//twitter.com/market
smarkets
http//www.linkedin.com/company/marketsandmarkets