(1888PressRelease)
December 20, 2007 - Report Buyer, the online destination for business intelligence for major industry sectors, has now added a new report showing that the global market for mobile location technologies is expected to increase to over $48.8 billion by 2012, experiencing a compound annual growth rate (CAGR) of 16.1%.
“Global Mobile Positioning Markets: Commercial, Military, Homeland Defense” reports that the market is broken down into applications of vehicle navigation, surveying and mapping, machine control and others. Of these, vehicle navigation has the largestshare of the market. Valued at nearly $15.5 billion in 2007, this segment is expected to be worth $38.2 billion by 2012, a CAGR of 19.8%.
According to the authors of the report the vehicle navigation share of the total market should grow from 67.9% in 2006 to 78.2% in 2012, mainly due to greatly expanded use of portable car navigation devices. They say most other segments, with the exception of recreation and fitness, are expected to lose market share from 2006 to 2012, while continuing to grow in absolute terms.
The report shows that the second largest segment, surveying and mapping, was worth an estimated $2 billion in 2007 and will reach $3.2 billion by 2012. Machine control is currently a $1.1 billion segment that will be worth $2.1 billion in 2012, a CAGR of 13.4%.
The study shows that while it was the Global Positioning Systems satellite system that launched the mobile location market, today nearly 75% of all applications use either augmented GPS technologies such as the Wide Area Augmentation System (WAAS) or hybrid systems like wireless assisted-GPS (WA-GPS). By 2012, augmented and hybrid satellite location technologies' share is projected to reach 84.1%.
“Global Mobile Positioning Markets: Commercial, Military, Homeland Defense” is available from Report Buyer.
Report Buyer product ID: BCC00174
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http://www.reportbuyer.com/industry_manufacturing/defence/global_mobile_positioning_markets.html
