Global Positioning System or GPS is a system of satellites orbiting around the earth and broadcast time through radio signals that are based on the internal atomic clock. GPS devices receive the signals from satellites. Then by measuring the time the signal took to reach the device, it can calculate the existing position of the entity in question.
Currently, in US around 1.8 million wireless/GPS devices are employed to monitor trailers, mobile workers, fleet vehicles and construction equipment. The mobile applications that are based on GPS currently has a share of approx $ 1 billion in yearly revenue for MRM applications and equipment's suppliers and operators of wireless network. This share is anticipated to increase sharply.
The majority market of fleet management is under wireless/GPS devices. Long haul and local fleet AVL (Automatic Vehicle Location) markets use devices that are wireless/GPS installed. Though the total number of US fleet vehicles that are AVL systems equipped has increased significantly, the overall market penetration is still below 10%.
A huge investment is need to be made in the sectors of automotive and asset tracking equipment in global market for GPS. This share would continue to increase till the decade end. The markets for people tracking, handset and GPS integrated circuits (Ics) would also rise sharply. Though the unit growth would be very sturdy in GPS market, the continued pressure of pricing for Ics would disturb the revenue growth.
The next-gen GPS system that is under-design will launch new and advanced capabilities to meet the higher demands of civilian and military users. The system will make its debut in market by the start of second decade of 21st century.
For further information, read the report "GPS: Fleet Management Market (2006-2010)," by RNCOS at: http://www.rncos.com/Report/COM29.htm
RNCOS is an industry leader in the field of online business research. We specialize in industry research on various business verticals. To read our other reports, visit us at: -http://www.rncos.com/Report.htm or email us at info@rncos.com.
To get the latest news on GPS & Computer Technology worldwide, please visit our newly launched Blog section at http://www.rncos.com/Blog/itresearch.html
This launch is an evidence of Europe's capability of delivering ambitious projects to the benefit of its companies and citizens. It's found that EU's GPS systems are more powerful compared with Russia and U.S., as they've close resolution and are more accurate.
GPS or Global Positioning System is a satellite based navigation system. It provides exact position of any object at any moment, in any weather, and at any place on earth. Satellites of a few networks orbit in space and send signals that a GPS receiver can detect.
Accuracy of positioning of GPS points relies on the settings of the receiver. For instance, keeping the rovers GPS unit stationary, while gathering measurements, will provide greater accuracy. With this technique, any given GPS location can be calculated as all position measurements' average, thus reducing the impacts of anomalous measurements.
There're many GPS receivers that are available on the market today, prices of these systems may range from just above US $130 to thousands of dollars. Military satellite transmissions are used by GPS to help you determine your position at a given point in time. They come in various sizes and offer an extensive range of functions.
However, because the price of GPS technology has come down, many companies have found new applications of it. Also, associated technologies' prices have also dropped dramatically since GPS' inception, leading to many innovations such as GPS Tracking.
For further information about GPS and its future prospects you may read "World Global Positioning Systems Market Forecast (2006-2008)" a report published by RNCOS at http://www.rncos.com/Report/IM029.htm
RNCOS is an industry leader in the field of online business research. We specialize in industry research on various business verticals. To read our other reports, please visit us at: http://www.rncos.com/Report.htm or email us at info@rncos.com.
To get the latest news on Mobile Industry worldwide, please visit our newly launched Blog section at http://www.rncos.com/Blog/mobile.html.
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