According to SBWire’s latest research report, “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 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. 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. Thus, all these factors are expected to fuel growth in the global shipment of GPS devices to grow at a CAGR of more than 20% during 2011-2013. Read More
