VANCOUVER, British Columbia--(BUSINESS WIRE)--IE Market Research Corporation (IEMR), the Canadian-based provider of market intelligence services, announced today the release of its 1Q.2011 Global GPS Navigation Devices Forecast, 2008 - 2015.
IEMR’s forecast provides our quantitative forecasts for shipments of Smartphones, Feature Phones, Personal Navigation Devices, and Factory-Installed In-vehicle Navigation Devices-- the four largest segments of the global GPS devices market. It covers 187 countries and is the most comprehensive forecasts of its kind in the world.
“Consumers are getting used to the convenience offered by devices with GPS/LBS capability, and we forecast that global GPS/LBS devices shipments will rise from 526.3 million in 2011 to 946.7 million in 2015 for a CAGR of 15.8%,” said Nizar Assanie, Vice President (Research) at IEMR.
“The key driver behind GPS Navigation adoption will be smartphones-- we forecast that global shipments of smartphones with GPS/LBS capability will increase from 297.7 million in 2011 to 604.9 million in 2015. This is the biggest growth among all the categories of GPS/LBS devices,” said Mr. Assanie.
“We are forecasting robust growth in GPS-enabled devices in Western Europe. Germany, Netherlands, and the United Kingdom will be leading the pack in Western Europe with shipments of GPS devices in these markets growing at about 15.1% annually for the next five years and smartphones with GPS/LBS capability growing between 17.9% - 20.1% annually,” said Andrew King, Vice President (Business Development- EMEA) at IEMR. “Personal Navigation Devices, however, will see an overall decline both globally and in the region primarily because the price points and use cases for such devices is no longer compelling,” said Mr. King.
To this comprehensive forecast, we are adding a PowerPoint presentation which provides our clients with an overview of key trends in the global and regional GPS navigation and location based services markets.
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