Market Share Analysis
The Global Positioning System Market has reached over 2.5 billion dollars. There are many components of the market as there are many uses of GPS devices. The market forecast shows only growth for the GPS companies as they will release new technologies that will leave consumers craving for more.
GPS companies include; Garmin, Alpine Electronics, MiTac and more. There are other technology companies whose main focus is not GPS but do include GPS in their devices, such as Apple and Android.
North America shows the most profitable region for GPS companies as they are 1.4 billion dollars of the global market share for GPS technologies.