Friday, November 5, 2010

Navigation and intelligent traffic systems, 20% CAGR

GISCafe sells the full report but the highlights:

Global Positioning System (GPS), a satellite-based navigation system developed by the U.S. Department of Defense, provides a consistent and accurate method of simplifying navigation. It provides flexibility of positioning for surveying, navigation and Geographic Information System (GIS) data capture. With the increasing use of mobile location technologies in automotive and consumer applications, it is expected that mobile location technologies market will grow at a CAGR of about 20% to cross US$ 70 Billion by 2013, says “World GPS Market Forecast to 2013”.

Starting from a small base, the transportation revolution is on!.

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