Analysis Of The Gps Market

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GPS is short for the Global Positioning System. GPS is a new generation of space satellite navigation system jointly developed by the U.S. armed forces in the 1970s. Its main purpose is to provide real-time weather and global navigation services for three major areas of land, sea and air. It is also used for intelligence gathering, surveillance and emergency communications and other nuclear explosion of some military purposes. After 20 years of research and experiments and $ 30 billion investment, to the March of 1994, 24 GPS satellite constellation has been laid to complete with a global coverage of 98%.

Recently a report shows that with the continuous development of product technology in recent years, GPS market has entered a period of rapid growth. In the next five years, the compound annual growth rate of the Chinese GPS market will reach 99.3% and sales of 2015 GPS terminal market will be 32.6 million units.

According to the recent report, GPS products were mostly applied in military, aviation, nautical, surveying, agriculture, and other professional fields in more than a decade ago. Due to the big size, high power consumption and quite expensive price, the market is limited.

Due to the gradually reduced product size, power consumption and the price has gradually decreased to the level that the average consumer can afford, it is gradually be used for mountain climbing, tourism and other recreational activities. Combined with the digital maps for car navigation applications, it has become a mainstream in the application market. In recent years, with the continuous development of product technology, GPS market has entered a period of rapid growth.

Experts say that GPS market was the result of the robust growth, mainly due to the lower threshold of GPS terminals. Although having a huge market, China's GPS development is still faced with many problems: such as the navigation accuracy was questioned. It is generally caused by the map update is not timely and it is now the biggest Achilles heel of the practical application of GPS navigation. In addition, the navigation software has yet to be improved. Many consumers complain that the route planning is unscientific and stability is not ideal. The lack of regulations and imperfect industry standards is also to be blamed.

Analysts of the industry say that with the continuous development of product technology in recent years, GPS market has entered a period of rapid growth. In the next five years, compound annual growth rate of the Chinese GPS market will reach 99.3% and sales of 2015 GPS terminal market will be 32.6 million units.


About the Author:
I am Amanda Xia from isp.org.cn, and my work is to promote a free online trade platform. http://www.isp.org.cn/ contain a great deal of information about gps,gsm gprs gps, gm862 gps,and more.



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