- August 30th, 2011
- Jackson Parker
900 Million GPS Devices Will Be Shipped Globally Over Next Two Years
GPS devices are an invaluable tool that modern society is completely dependent upon. The GPS market has drastically grown worldwide on account of increased use of the technology in areas of fleet management, aerospace applications/avionics, transport navigational systems, public safety, and others. GPS technology has proven its worth as huge benefits are being drawn from this technology to obtain precise position, velocity, and timing information of various devices.
According to an RNCOS research report released yesterday, “World GPS Market Forecast to 2013”, the contribution of the Global Positioning System (GPS) technology to the world economy has shown a steady growth in the last decade. The global shipment of GPS devices is anticipated to reach around 900 Million Units by 2013, growing at a CAGR of more than 20% during 2011-2013, acknowledged RNCOS in its latest research report.



