GPS Technology Forecast in Near FutureGlobal Positioning System (GPS) technology has developed its applications across various industries across the world. Moreover, the new applications areas are coming up due to its significant advantages. Some applications are simple, such as determining a position, whereas others are complex blends of GPS with communications and other technologies. Over the past years, the rapid growth in GPS commercial applications has been observed by the firms' building GPS satellites and equipments. In future, the GPS market is expected to flourish with new technological applications.
GPS has become the key component in many of the location-aware smartphone applications that have become so popular in recent times. Thus, the number of subscribers of GPS-enabled location-based services (LBS) is anticipated to grow substantially in near future. Speedy enhancements and developments in digital mapping software will present this positive outlook for the industry in future.
Besides this, there are dozens of uses of GPS today, with new applications being reported each month in academic, business, and public media. Adoption of GPS in aviation, maritime and waterways, highway and construction, public transportation, railroads, communications, emergency response (e.g., ambulance and fire), surveying, weather, scientific, space, environmental protection, recreation (e.g., sports events), law enforcement and legal services, and agriculture and forestry have created a wide opportunity to the GPS market.