TechNavio's analysts forecast the Global GPS IC market to grow at a CAGR of 7.5 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing use of GPS ICs in smartphones. The Global GPS IC market has also been witnessing the development of multifunctional GPS ICs. However, the lack of accuracy in GPS information could pose a challenge to the growth of this market.
TechNavio's report, the Global GPS IC Market 2011-2015, 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; it also covers the Global GPS IC market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Broadcom Corp., CSR Plc., Qualcomm Inc., and Texas Instruments Inc.
Other vendors mentioned in the report: Analog Devices Inc., Maxim Integrated Products Inc., and RF Micro Devices.
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