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Article: GPS Market To Navigate North of $22 Billion by 2008, Says ABI.
- Article from:
- Business Wire
- Article date:
- October 1, 2003
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Business Editors
OYSTER BAY, N.Y.--(BUSINESS WIRE)--Oct. 1, 2003
With units available for less than $100, global positioning system (GPS) receivers are now affordable to the masses, enabling applications unthinkable just 18 months ago. These emerging applications, plus renewed growth in existing markets, will help propel the global GPS market north of $22 billion by 2008, according to technology market research firm ABI.
GPS consists of a cluster of two dozen satellites enabling devices to pinpoint their location within feet of their actual location. New applications on the rise include people tracking, automatic vehicle location (AVL), asset ...