Global Positioning Systems (GPS) Market - Trends and Forecast 2012 - 2018
Application of Global positioning systems has developed across various industries globally. In the earlier days GPS systems were used only for military and civilian purposes. Now GPS systems are widely used for various industrial applications which include transportation, construction, farming and aerospace which help these industries to improve their operating efficiency and reduce costs. Furthermore GPS systems have helped improve safety and emergency response time. Recreational and fitness market is an emerging technology in the GPS market. Increasing use of wireless technology and increasing popularity of location based smart phones all over the world are drivers for this market. Technology like 3G has supported the use of GPS all over the world for different signal loss problems. A major restraint for this market is licensing, because of strict rules and regulation.