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GPS Market and Casting Impact |
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Written by admin
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Monday, 22 January 2007 |
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Global Positioning System or GPS is a fascinating electronic device system of satellites moving around the earth in an exact orbit, from where it broadcasted through radio signals. Generally the signals from satellites are received by these GPS devices. The signal is able to reach to these devices by measuring the time which can estimate the exact location of any object.
Today there are more than 1.8 million people who are using these GPS devices to mobile workers, monitor trailers, fleet vehicles and construction equipment in US. There has been found that nearly a share of approx $1 billion in yearly revenue for MRM application registered because the mobile applications are particularly relied currently on GPS. This MRM is the leading suppliers in form of GPS and operators of wireless network and it is expected that revenue as well as demand of GPS device will increase sharply. However it is noticed that the major fleet management is under wireless/GPS devices. AVL (Automatic Vehicle Location) is the long haul and is local fleet marketers who use wireless/GPS installed devices. This AVL systems equipped has all most all the US fleet vehicles and they registered significant increase in their GPS device sailing. However the US market is still able to fulfill their customers demand as it is still below 10%. This is why a large investment is required in these automotive sectors. There is still scarcity in asset tracking equipment in GPS world market. However these shares will increase till the end of this decade. It can also be assumed that handset and GPS integrated circuits would also increase sharply to the GPS market for people to track their needs and objects. However the latest next-generation GPS system is still under experiment which will begin new and advanced ability to meet the higher demands in use of civilian or militants.
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