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In Vehicle Navigation driving GPS Market in US PDF Print E-mail
Monday, 02 April 2007

worldwide study of the GPS market claim that consumer GPS navigation holds a major share of 53% in the US GPS market.

 

 

A drop in prices of Global Positioning System (GPS) navigation products are likely to heighten demand made by the foremost users ? the automakers and the vehicle owners. With technological innovations the resulting economies of scale have thrusted price declines. Further product bundling, and aggressive cost-cutting strategies at all levels of production and distribution are expected to influence prices downward.

With this in progress, the vehicle section found in both the actual shipment market and aftermarket are expected to quickly adopt the GPS. As a matter of fact, navigation and information delivery systems could become most required vehicle components.

US GPS production during 2000-05 is estimated to have grown at a rate of 20-30%. This has led to significant increases in the country's exports and imports during the same period. According to findings, US GPS markets have recorded revenue of about US $6 billion in the year 2005.

There are several reasons accorded to the high GPS market in the US. These are the status of the automobiles manufactured, the secure feeling generated by an accurate navigation device, and the large distances traveled by Americans than in any other country.

 
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