San Jose, CA --With the world financial predicament led mercantile retrogression right away personification out in full proportions, the telecommunication industry, similar to all other industries, stands acutely impacted by the crisis. The scarcely conspicuous length, breath, height and extend of the retrogression have taken a considerable punch out of carriers’ revenues and profitability. Decline in consumer use of telecommunication services, descend levels of new subscriber additions, descending median income per user, and traffic reductions have misrepresented the business weather over the final two years. Additionally, parching up of the debt marketplace and the consequent shortages in funds investments, played instrumental purposes in derailing network coverage expansion, and upgradation schedules. Repercussions of the US financial predicament were manifested by the Asian funds markets in the form of marked down upsurge of unfamiliar funds in to the region, thus impacting network operators contingent on unfamiliar capital. Scheduled 3G auctions were thrown in to the back burner in many countries, investments in next era technologies similar to LTE and WiMax took a spiteful blow, pointy reductions in IT spends by companies wrestling with the adverse business weather resulted in marked down cross-country traffic for general long stretch carriers.
The unhappy business mood in the telecommunication attention has had a drip down repercussions on both the GPS services and handset market, with handset manufacturers being mainly roughed up. Economic uncertainties, taking flight rates of unemployment, reject in optional incomes, shrinking in domicile wealth, falling apart consumer confidence, have all resulted in adjournment of new device purchases thus lengthening the handset replacement cycle. Frugal consumer spending, with the prime-shopping design being worth for money, resulted in wearing away in sales of high-end, expensive, reward information gadgets and handsets. All of these factors culminated in witnessing sales of GPS units trip southwards. World marketplace GPS was in addition pushed in to a twice plunge retrogression during the years 2009, and 2010 with the beleaguered automotive attention cast of characters a chilled dampener on marketplace opportunities for GPS applications in in-vehicle navigation.
Deterioration in personal financial conditions of consumers is formulating a unmatched change towards to low-budget GPS devices. With consumers on the stalk for worth for allowance deals, cost is commencement to attain significance as a major non-static conversion purchasing decisions. This trade down to descend cost points, as a outcome of consumer purgation in spending, offers a abounding combination and opportunities and challenges to players in the marketplace with the winners being not the financially stronger companies but rsther than companies ready to bargain changes in changeable consumer preferences and needs. Interestingly, parsimonious budgetary conditions are assisting A-GPS gadgets measure over stand-alone GPS devices. Being comparatively cheaper than in more aged with dedicated, stand-alone GPS devices, assisted-GPS (A-GPS), and mobile phones with GPS ability are witnessing comparatively steady gains in the marketplace. The direction may be thrown in to crook comfort by the fact that GPS-equipped smartphones have postulated their sales movement sufficient improved in more aged to standalone GPS devices. Sleek, multi-functional smartphones with GPS ability currently fit the bill for innumerable number of cash-strapped consumers interested on shortening tenure of multi-part devices. Android phones with google maps offer cheap smartphone powered navigation capabilities.
As settled by the new marketplace investigate report, the world Global Positioning Systems marketplace is dominated by Japan and the US, that together account for a lion’s share of the world market. Segment-wise, Land-based GPS Applications have advance beneath the border of the recession, displaying the worst wearing away in worth sales during 2009. However, with "Location Awareness" predict to come out in to the many critical buzzword for consumers looking to instantly link up to places, resources and people in their evident vicinity, urge is predict to make a return in the post retrogression period. Economic impulse packages lengthened by governments to resuscitate rural, infrastructure, telecommunication network development, commerce, probity and science, appetite & water, housing and travel and military, will assist in moulding up key end-use focus markets for GPS. For instance, replacement of illness of the travel attention will in a positive way spread van navy size, and thereby the promising for GPS gadgets for in-vehicle navigation. Market for GPS formed In-Vehicle Navigation Applications in Europe is estimated to cranky US$1.5 billion spot by 2015. With fuel prices rising, after a proxy reject during the retrogression period, urge for GPS for in-vehicle navigation is approaching rise, as drivers start to noticed that the fuel benefits offering by high quality slight superintendence in shortening travel distances.
Key players in the Global Positioning Systems marketplace place add Fei-Zyfer Inc., Furuno USA Inc., Garmin International Inc., Hemisphere GPS, ITT Corporation Geospatial Systems, KVH Industries Inc., MiTAC International Corporation, Magellan Navigation Inc., Mio Technology Benelux N.V, Navman New Zealand, NavCom Technology Inc., NovAtel Inc., Navico, Orolia Group, Raytheon Systems Co., Rockwell Collins Inc., SiRF Technology Holdings Inc., Sokkia Topcon Co. Ltd., Symmetricom Inc., TomTom International B.V., Trimble Navigation Limited, amid others.
The investigate inform patrician "Global Positioning Systems (GPS): A Global Strategic Business Report" voiced by Global Industry Analysts, Inc., provides a thorough examination of marketplace trends, drivers, challenges, competition, firm profile, mergers and acquisitions and other vital attention activity. The inform provides marketplace estimates and projections in (US$) for major geographic markets such as United States, Japan, Europe, Asia-Pacific, and Rest of World. End-use focus markets analyzed add Land-Based Applications (In-Vehicle Navigation, Consumer, Survey/Mapping, and Tracking/Machine Control), OEM, Aviation, Marine, Military, and Timing.
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About Global Industry Analysts, Inc. Global Industry Analysts, Inc., (GIA) is a conjectural publishing house of off-the-shelf marketplace research. Founded in 1987, the firm is globally established as one of the world’s largest marketplace investigate publishers. The firm employs over 800 people worldwide and publishes more than 1200 full-scale investigate reports any year. Additionally, the firm moreover offers thousands of not as big investigate products inclusive firm reports, marketplace direction reports, and attention reports encompassing all major industries worldwide.
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