RNCOS Research - In Vehicle Navigation driving GPS Market in US

Released on = April 26, 2006, 4:47 am

Press Release Author = RNCOS

Industry = Telecommunications

Press Release Summary = RNCOS Research:
(http://www.marketsmonitor.com/category/COM33.html) GPS navigation products are
expected to result in increased demand in vehicle segments of the US market. Its
production during 2000-05 has made a growth of 25-30%.

Press Release Body = RNCOS Research:
(http://www.marketsmonitor.com/category/COM33.html) A drop in prices of Global
Positioning System (GPS) navigation products are likely to heighten demand made by
the foremost users - the automakers and the vehicle owners. With technological
innovations the resulting economies of scale have trusted price declines. Further
product bundling, and aggressive cost-cutting strategies at all levels of production
and distribution are expected to influence prices downward.

With this in progress, the vehicle section found in both the actual shipment market
and aftermarket are expected to quickly adopt the GPS. As a matter of fact,
navigation and information delivery systems could become most required vehicle
components.

US GPS production during 2000-05 is estimated to have grown at a rate of 20-30%.
This has led to significant increases in the country's exports and imports during
the same period. According to findings, US GPS markets have recorded revenue of
about US $6 billion in the year 2005.

There are several reasons accorded to the high GPS market in the US. These are the
status of the automobiles manufactured, the secure feeling generated by an accurate
navigation device, and the large distances traveled by Americans than in any other
country.

At RNCOS, in their recently published market research report "GPS Market Update -
2006" analysts on the basis of a worldwide study of the GPS market claim that
consumer GPS navigation holds a major share of 53% in the US GPS market.

The report provides a detailed analysis of the market scenario and the varied
applications and growth opportunities that have been influenced by the technological
progress in the field of GPS services.

The market research report "GPS Market Update - 2006" focuses primary attention to
leverage a balance by weighing the impact of GPS, the market developments and
limitations along with a critical analysis of the ongoing revolution and related
technological issues.

The report provides a detailed assessment of the company profiles of 12 major
players including Rockwell, Trimble, Leica Geosystems Holdings AG, SiRF Technology &
CSI Wireless Inc.

About RNCOS:
RNCOS, formed in 2002, offers Market Research Reports via MarketsMonitor for your
business needs and aims to put an end to your information pursuit. Our expertise in
gathering global business information for industry research, corporate training,
growth consulting, and business consulting, brings reputed companies and firms to us
for business enhancement solutions. We can be your one-stop-shop for Industry
research information and niche market analysis.

To purchase your copy: http://www.marketsmonitor.com/category/COM33.html
For more information about the report please visit www.marketsmonitor.com


Web Site = http://www.marketsmonitor.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial area, Delhi 92
91-11-4214-1229
info@rncos.com

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