TechNavio's analysts forecast the Global GPS Navigation and LBS market to grow at a CAGR of 50.2 percent over the period 2010-2014. One of the key factors contributing to this market is the growth in the sales of smartphones. The Global GPS Navigation and LBS market has also been witnessing its increasing applications in the automobiles. However, the availability of alternate satellite system could pose a challenge to the growth of this market.
Key vendors dominating this market space include Garmin Ltd, TomTom NV, Magellan, and Mio Technology Corp.
TechNavio's Global GPS Navigation and LBS Market 2010-2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions and focuses on the services part of the Global GPS Navigation and LBS market. In addition, the report provides the major growth drivers that influence the growth of the Global GPS Navigation and LBS market. It also includes the challenges and key trends in the market.
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