Do It Yourself

It’s all a result on the global positioning system which is mind-boggling. The marketplace is set to skyrocket and opportunities for the entrepreneur are there.

This spring the U.S. government will launch its primary next generation GPS satellite to complement the 30 older models already in use. The aim would be to create stronger signals, increased bandwidth, and plenty of possible for smart entrepreneurs.

Because the Defense Department produced its GPS signals obtainable for commercial use in 1993, the industry for location-based companies has swelled to almost $5 billion, and that is just the beginning. The need for these services is expected to double inside the up coming few many years. The 3 hot growth regions – tracking, navigation, and hardware promise to be multibillion dollar markets by 2010.

Though startups are springing up all over the location, lots of technologies remain untapped. One with the untapped regions are automated navigation devices in family cars that keep drivers a safe distance from other vehicles.

Huge organizations such as UPS plan to outfit 75,000 drivers with GPS-enabled handhelds this year to assist them reach destinations more efficiently. Some savvy entrepreneur who provided similar navigation and tracking services could also make out nicely.

Consider AtRoad, a Fremont, Calif. firm that went public in 2000. It offers “geo-fencing” software that triggers email alerts if a company’s vehicle speeds or goes into unauthorized locations. They charge a monthly fee of $45 per head to track additional than 133,000 employees of clients such as SBC, Verizon, and the city of San Francisco. For the fiscal year ending in December, AtRoad’s revenue grew 19% to $75.2 million. That was a whopping 12.2% net profit margin.

This lucrative game was also played by Steve Wozniak, Apple co-founder, who began Wheels of Zeus in 2002. This business combines GPS information with local wireless networking. The technologies assists parents keep tabs on their children, or can alert IT managers when company-owned computers leave the premises.

The agriculture and manufacturing organizations are receiving a taste in the technology by a company that outfits tractors with antennas that pick up signals to automatically guide the equipment and control the amount of pesticides employed.

You will discover businesses that are utilizing this technologies to guide and navigate giant trucks around cliffs and mine shafts. The maritime industry is predicted to invest hundreds of millions in coming many years to outfit cargo containers and ships with GPS receivers.

Chipmakers currently cashing in are charging about $13 per device to put GPS chipsets in phones, electronics, and vehicle navigation techniques. And with a new federal regulation that may be forcing wireless operators to incorporate GPS in their phones and networking gear, chip demand is certain to explode.

Keep in mind the day when we mentioned that expecting to buy drinking water in bottles was something the American consumer would never do. Pay for water that comes out from the kitchen sink faucet? How silly! Seem at the market that is grown up in that area!

Entrepreneurs – the GPS chance is available, if only you know where to look. Recall, you heard it here primary! 

 Other Subjects That You Might Find Interesting:, , Runner Rugs