TechNavio's analysts forecast the GPS Navigation and LBS market in North America to grow at a CAGR of 48 percent over the period 2010-2014. One of the key factors contributing to this market growth is the advances in navigation applications. The GPS Navigation and LBS market in North America has also been witnessing the latest mobile mapping technologies. However, the privacy factor could pose a challenge to the growth of this market.
TechNavio's report, the GPS Navigation and LBS Market in North America 2010-2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the North America region; it also covers the GPS Navigation and LBS 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 Garmin Ltd., TomTom NV, Magellan and Mio Technology Corp.