NEW YORK, USA: Reportlinker.com announced that a new market research report is available in its catalog: Global GPS Navigation and LBS Market 2010-2014.
TechNavio's analysts forecast the Global GPS Navigation and LBS market to grow at a CAGR of 50.2 percent over the period 2010–2014. One of the key factors contributing to this market is the growth in the sales of smartphones. The Global GPS Navigation and LBS market has also been witnessing its increasing applications in the automobiles. However, the availability of alternate satellite system 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.
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