TechNavio’s analysts forecast the GPS market to grow at a CAGR of 25.8 percent over the period 2011-2015, stated in a press release for a recent report, “The Global Positioning System Market 2011-2015.” The company declined to provide any details of substance to back this claim.
The company’s press release states that “Key vendors dominating this market space include Garmin Ltd., MiTAC International Corp. and TomTom International BV.” This leaves out several key manufacturers of low-cost, low-precision GPS chips and devices, including the large suppliers into the smartphone market. It evidently makes no attempt to include the high-precision segment. Thus it is unlikely that the report presents a complete picture of the market, and its accuracy is also open to conjecture.
The press release goes on to say that “Other vendors mentioned in this report include Trimble Navigation Ltd. and DeLorme,” but does not say in what context or to what depth these two, among many others that could have been included, are “mentioned.”