GPS devices’ manufacturing companies are looking for new business segments as the sales of individual PND devices is falling in most of the developed countries due to the availability of same features in smartphones and other devices like tablets, watches etc. Presently, the manufacturers are targeting sports and fitness segments to integrate their devices with various types of sports watches and other fitness equipments. Various recreational & fitness products like fitness cycles and swimmer watches are coming up with GPS-enabled technologies.
As per our findings, the launch of Nike and TomTom GPS fitness watches lead to the introduction of new applications of GPS in the market. With new devices, applications, and companies helping to drive forecasts for fitness GPS shipments beyond the 10 Million mark in the coming years. After Nike and TomTom’s GPS watch release, Garmin has released its first GPS touchscreen watch, the Forerunner 610, through its Outdoor and Fitness division.
According to our research report, “GPS Market Forecast to 2015”, the shipments of GPS/LBS devices is growing significantly across the globe and further projected to grow at a CAGR of around 15% during 2012-2015. Besides, the global navigation satellite systems’ (GNSS) technology, which is expected to be embraced by the positioning facilities through mobile phones and route guidance devices in the car, development of the GNSS market is anticipated to develop in the coming years. Even some of the countries like China, Japan, and India are focusing on deploying their own GNSS system which will further boost the GNSS market.
Our report provides a complete overview of the GPS market worldwide. All the current trends and developments of the GPS industry have been evaluated in the report. Our study also looks into the competitive landscape and provides strengths & weakness analysis and other significant information. Overall, the report will help clients analyze the driving forces and understand the opportunities existing in this industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM443.htm
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