World News: GPS-enabled handset revenues to hit $100bn in 2012

World News:  GPS-enabled handset revenues to hit $100bn in 2012

Shipments of GPS-enabled mobile phones will generate more than $50 billion in revenue in 2008, rising to $100 billion in 2012, says ABI.

The market for these handsets is expected to grow from around 240 million units in 2008 to more than 550 million handsets shipped in 2012.

At present, most current GPS-enabled handsets are CDMA devices, but increasing numbers of GPS-enabled handsets for 3G/WCDMA networks will start to appear in the market from 2008 onwards.

According to ABI Research industry analyst Shailendra Pandey, the ongoing consolidation in the mobile industry gives a clear indication of the plans and commitment of industry players to address the GPS-enabled handset market.

ABI believes that the mobile industry has reached the stage where the market can expect to see rapid growth in GPS-enabled handsets.

From cost and technology perspectives, chipset manufacturers now have solutions in place that will allow the integration of GPS in handsets at low cost and provide significant improvements in terms of accuracy, time-to-first-fix, and reception in indoor environments.

On the services side, mobile operators and navigation application developers are coming up with attractive LBS offerings. Also, handset vendors are showing greater interest, not only in providing GPS-enabled handsets, but also in introducing their own GPS-centric applications and services.

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