Analysts have predicted that the number of GPS-enabled handsets is set to more than triple during the next five years and as we discussed here (#7-How will the GPS phone market evolve in the next 3 years), they expect an abundance of new models supporting GPS from all major brands this year.
According to the latest report of Berg Insight, there would be 560 million handsets using the Global Positioning System worldwide in 2012, compared with 175 million units in 2007. The report also says that while there were roughly 5 million GPS-enabled handsets in Europe in 2007, the figure would reach 90 million in 2012.
In other words, GPS is going to be a must-have in all high-end handsets and location based services of mobile phones will soon go far beyond navigation. The availability of accurate position data in mobile devices creates exciting new opportunities for developers of local search, navigation and social networking applications and content providers like NAVX.