GPS-on-GSM set to show 26.2% CAGR, says analyst
Global shipments of GPS-enabled handsets are expected to grow from 175 million units in 2007 to 560 million units in 2012, a compound annual growth rate (CAGR) of 26.2 percent, according to market forecasr firm Berg Insights (Gothenburg, Sweden).
Rapid adoption of global positioning by satellite (GPS) technology in mass-market GSM/WCDMA handsets will be the main driver, according to Berg.
"This year we expect to see an abundance of new models supporting GPS from all major brands. By 2009, GPS is going to be a must-have in all high-end handsets," said Andre Malm, telecom analyst with Berg Insight, in a statement.
The increasing penetration for GPS in GSM/WCDMA handsets will, in turn, trigger a wave of innovations in the field of location-based services< Berg said. The availability of accurate position data in mobile devices creates opportunities for local search, navigation and social networking, said Malm.
Nokia and Google will be two of the foremost players in this arena but there is a good chance that the development will also give birth to the next Facebook or MySpace, Malm added.
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