Naperville, IL -- (SBWIRE) -- 11/27/2012 -- Global Positioning System market to grow at a CAGR of 25.8 percent over the period 2011-2015. One of the key factors contributing to this market growth is the growing demand for GPS in smartphones. The Global Positioning System market is also witnessing an increase in the demand for GPS car navigation systems. However, the lack of accuracy in GPS information could pose a challenge to the growth of this market.

The Global Positioning System Market 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Global Positioning System market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors dominating this market space include Garmin Ltd., MiTAC International Corp. and TomTom International BV.

Other vendors mentioned in this report include Trimble Navigation Ltd. and DeLorme.

Key questions answered in this report:
What will be the revenue of the market in 2015 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?

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