Research and Markets has added another report, titled ‘Global GPS IC Market 2010-2014’ to its collection. The major factor for the market growth is attributed to smartphones. Nine out of 10 smartphones are GPS-enabled. Most of the GPS IC producers are focusing on the smartphone market due to the rising demand for smartphones.
The convergence of the technology is observed in the GPS IC market. The price reduction of GPS ICs is reducing the profit for a number of retailers, in spite of the significant growth of GPS IC in the worldwide market.
The report has been prepared by TechNavio, who gathered market information from industrial experts. It speaks about the EMEA, APAC and American market and covers the worldwide landscape for the GPS IC market. It also discusses the market growth in the forthcoming years.
Major players in the GPS IC market such as Texas Instruments, Broadcom, Infineon Technologies AG and CSR/SiRF are included in the report.
One of the analysts from TechNavio's Embedded Systems stated that the cost and size of subsystems and chipsets for GPS are reducing drastically which enables the integration of GPS technology with other wireless technologies. Gradually, the location data will become an integral part in many application devices including mobiles. Currently, the GPS is integrated in other wireless technologies including Wi-Fi and Bluetooth.