NEW YORK ( MainStreet) -- Hindsight may always be 20-20, but you don't need particularly great foresight to know many of the gadgets on today's market won't be around in 2020 given how quickly the tech industry keeps changing. In the first half of the 2000s, retailers were buzzing about the prospects of MP3 players and netbooks, but by the end of the decade, those products had largely been replaced by smartphones and tablets.As tempting as it may be to imagine otherwise, some of the gadgets you may rely on most right now will likely suffer the same fate and be killed off or made obsolete by the end of this decade. Sure, you may still be able to find these products for sale in certain niche stores, but they will no longer be produced for a mass-market audience.
|Many of the products you rely on most right now will likely be phased out by the end of the decade, starting with standalone GPS systems.|
The days of spending $200 or more on a standalone GPS device won't last much longer, analysts say. "Portable navigation devices like those sold by TomTom and Garmin will probably not be sold in 2020, just because mobile phones will have taken on that function themselves and because GPS systems will be standard equipment in cars," says Charles S. Golvin, an analyst at Forrester, a market research firm. As a result, there won't be much of a need to buy a product whose only function is to tell you directions. If there is a demand for these GPS systems, it will likely come from a very specific segment of consumers.