Thailand’s GPS market tends to grow to reach Bt4 bln this year

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BANGKOK, May 22 – Thailand’s National Science and Technology Development Agency (NSTDA) said the country’s Global Positioning System (GPS) is growing, with its overall value expected to reach Bt4 billion this year.

Passakorn Prathombutr , NSTDA Service Research and Innovation Program Director, spoke of a recent study revealing the value of the GPS market in the country that last year alone some 305,000 GPS devices were sold for more than Bt3.5 billion.

Mobile GPS devices were most sold, while those to be installed in vehicles were most expensive.

Dr Passakorn predicted that this year’s market share would realise 23 per cent more than last year’s at Bt4.2 billion, or around 378,000 devices.

GPS devices for vehicles tend to grow the most due to their cheaper prices and partly because of the government’s first-time car buyer scheme. They also tend to become a standard device in high-priced vehicles or those of top models.

Mr Passakorn said there would be other innovative technology in the future out in the market such as a connection system which can display results from a smart phone at a screen in a vehicle.