The global positioning system (GPS) technology’s contribution to the world economy has shown a steady growth during the last decade. The 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.

The mobile location technologies market was launched by the GPS satellite system. The uptake of GPS in new applications is projected to continue at a brisk rate on account of increasing availability and declining prices.

GPS chipsets are experiencing gradual decline in prices, which, in turn, is prompting the GPS-based products’ adoption. Moreover, these chipsets are progressively reducing in size, thereby facilitating incorporation of the technology in personal digital assistant (PDAs) and mobile phones.

Consequently, the usage of technology in consumer applications, such as car navigation, child/elderly people tracking, and asset tracking, is increasing.

The research firm has found that, to address the growing market demand, a new variety of compact and portable navigation devices (PNDs) has surfaced.

The report has analyzed the industry’s performance by providing an insight on these devices along with the forecast on the total shipment of GPS devices during 2009-2013. We have also examined the industry’s performance by subscriber, application, such as survey/mapping, in-vehicle navigation, and machine control, and by region.

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