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Report: GPS Sector to Reach $1B in 2012 |
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Written by Chelsey Drysdale
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Tuesday, 22 April 2008 |
SEVENOAKS, UK – GPS unit sales will hit $1 billion in 2012, according to tech analyst Future Horizons. Between 2007 and 2012, GPS unit sales will grow from 286 million to 938 million annually, a CAGR of 26.8%.
GPS chipset shipments are expected to rise 47% in 2008, with the handset and PDA segment showing the strongest growth at 55%. In 2009, the low cost, low power segment will show strong annual growth of 38.5%, says Future Horizons.
Upcoming applications, according to the research firm, will be mobile phone GPS applications such as local traffic and location information services.
The firm forecasts unit sales will continue to rise; however, chipset revenue will peak during this period as ASPs fall. GPS circuits eventually will become part of more complex radio accessory chips, including Bluetooth, NFC and Wi-Fi.
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