Demand for GPS Mobiles to drives sales

The GPS market is witnessing a steady growth on the back of increasing usage in vehicle navigation, fleet management, asset tracking, surveying/mapping, public safety, aviation, marine, aeronautical and consumer GPS markets. As per the newly updated research report “World GPS Market Forecast to 2013″, the worldwide shipments of GPS devices is projected to grow at a CAGR of over 20% between 2010 and 2013. The global shipments of GPS-enabled mobile handsets, in particular, are expected to grow at a CAGR of over 25% between 2010 and 2013.

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