Research and Markets: The GPS Navigation and LBS Market in ...

DUBLIN?(BUSINESS WIRE)?Research and Markets (http://www.researchandmarkets.com/research/b491f4/gps_navigation_and) has announced the addition of the ?GPS Navigation and LBS Market in North America 2010-2014? report to their offering.

?GPS Navigation and LBS Market in North America 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.

Key vendors dominating this market space include Garmin Ltd., TomTom NV, Magellan and Mio Technology Corp.

Commenting on the report, an analyst from TechNavio?s Embedded Systems team said, GPS has been enabling highly accurate mapping in short timeframes. It has helped reduce equipment and labor costs as well. Apart from saving on time and cost, this technology also remains unaffected by weather-related challenges such as wind, rain and low sunlight. As a result this is becoming a popular choice among professional surveyors.

According to the report, technology convergence is combining GPS with other features such as Bluetooth and Wi-Fi. This will give a competitive edge for the GPS Navigation and LBS making it more attractive for end-users. A multi-functional GPS device is developed with technology convergence which is making the North America GPS Navigation and LBS market grow at a high pace.

The report also discusses that one of the major challenges in the North America GPS Navigation and LBS market is the high cost of access devices.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.

For more information visit http://www.researchandmarkets.com/research/b491f4/gps_navigation_and

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Research and Markets: The GPS Navigation and LBS Market in North America to Grow At A CAGR Of 48 Percent over the Period 2010-2014

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Source: http://www.enterprisecommunicate.com/research-and-markets-the-gps-navigation-and-lbs-market-in-north-america-to-grow-at-a-cagr-of-48-percent-over-the-period-2010-2014/

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