U.S. GPS Market Size
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How large is the U.S. consumer GPS market, in dollars. That is, what are the total U.S. sales of GPS units currently worth in a year? I will need link(s) documenting the answer. I need the answer today or tomorrow (Aug 27-28 2005)
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Answer:
Hello Vandenbuch According to Frost & Sullivan?s North American GPS Equipment Market Report, total North American GPS equipment market revenues (2003-2010) are: Revenues (USD Billions) 2003 $3.5 billion 2004 $4.1 2005 $4.9 2006 $5.8 2007 $6.6 2008 $7.5 2009 $8.5 2010 $9.9 Frost & Sullivan counts revenues from GPS equipment sold into consumer, commercial and military markets The GPS equipment revenues by end-user group are broken down into: 52% Consumer 40% Commercial 8% Military Using the above figures provided by Frost & Sullivan, the Consumer GPS market is as follows: -------------------- Consumer GPS market -------------------- Year Revenue 2003 $1,820,000 2004 $2,132,000 2005 $2,548,000 2006 $3,026,000 2007 $3,432,000 2008 $3,900,000 2009 $4,420,000 2010 $5,140,000 ---------------------- GPS: Military System/Public Utility: Revenue and Application Trends. Taken from: Frost & Sullivan?s North American GPS Equipment Markets (Report A601-22) Source: The Center for Strategic & International Studies http://www.csis.org/tech/events/031203_stearns.pdf From Frost & Sullivan : ?Alliance and high-volume consumer applications are strongly driving the North American Global Positioning System (GPS) equipment markets. As prices for low-end GPS handhelds continue to fall, inexpensive consumer access is expected to make this a high-profile electronics market. However, profit margins per unit are likely to fall, going down from the current 30-40% to the 10-15% range, as the market matures.? New analysis from Frost & Sullivan , North American GPS Equipment Markets, reveals that this market generated revenues totaling $3.46 billion in 2003. Total market revenues are expected to reach $10.77 billion in 2010.? Source: Frost & Sullivan Keeping Pace with Consumer Applications Vital to GPS Market Expansion Date Published: 9 Feb 2004 http://www.frost.com/prod/servlet/press-release.pag?mode=open&docid=10127615 Search terms used: GPS market billion U.S. "GPS market? Consumer market billion OR million GPS consumer commercial billion revenue I hope the information provided is helpful! Best regards, Bobbie7
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