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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2682 |
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F&S projected a compound annual growth rate in GPS of 22.4 percent during the period 1994 through 2004, with forecast revenues of $1.77 billion in 1999, $2.7 billion in 2001 and $4.8 billion in 2004. An updated June 2000 F&S report reflected actual revenues of $2.07 billion in 1999 and forecast revenues of $4...
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Land-based markets accounted for $1.28 billion, or 61.8 percent of 1999 revenues, "a statistic not likely to change greatly through 2006."
The F&S report also states, "Established markets such as land-based and hydrographic survey and GPS-aided navigation have spurred emerging mass markets such as automatic vehicle location, fleet management and recreational handheld GPS navigational aids...
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