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Article: GPS market to navigate north of $22 billion by 2008, says ABI.(Market Intelligence)(Industry Overview)
- Article from:
- Wireless Satellite and Broadcasting Newsletter
- Article date:
- October 1, 2003
CopyrightCOPYRIGHT 2003 Information Gatekeepers, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 tracking, and recreational use.
The industry has been given a further boost by the ...