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900 Million GPS Units By 2013

Growth

GPS Tracking & Navigation Lead Technological Wave

Over 900 Million GPS Units Will Be In Operation In 2013

Location-based GPS tracking technology and navigational systems are forecast to only grow in popularity and accessibility as it is estimated that nearly one trillion GPS systems will be in use in less than 3 years. Experts believe that in-vehicle navigational GPS systems will continue to lead the market in popularity and importance, but it will be GPS tracking for asset management, fleet management, consumer and business applications that will spark a second wave of growth in GPS systems, making satellite technology more commonplace.

As GPS tracking and navigational devices begin to evolve, becoming more advanced and precise, many of their flaws will be resolved. Currently, many GPS devices can have difficulty obtaining a satellite signal if the system is indoors, however, as GNSS technologies combine with alternative position solutions such as assisted-GPS, dead-reckoning or Wi-Fi GPS trackers and navigational systems will likely have the ability to function properly without the presence of a satellite signal.

GPS tracking devices will likely remain the go-to-tools for gathering information on specific/niche applications such as monitoring marine or recreational vehicles, personal assets, animals or people, while navigational GPS systems will continue to provide the routing and travel needs for aviation, business and other consumer needs.

One of the contributing factors to the growth of GPS tracking and navigational equipment will be the advances in GPS chip-set development, which includes circuit boards, cellular data modules and more. As the components of a navigation or GPS vehicle tracker decline in price so to will the GPS systems consumers purchase through retail channels.

Within the next 3-5 years, almost every vehicle will be equipped with some form of the GPS system, whether it be a navigational device or a tracking system.

Source: ABI