GPS Market Expected To Double in Four Years

Chuck ZimmermanIndustry News

Position OneA new report from Position One Consulting Pty Ltd, in conjunction with Eric Gakstatter, Contributing Editor to GPS World magazine, says that the worldwide precision GPS market will rise from US$3 Billion in 2008 to US$6-8 Billion by 2012.

The report includes global trends, demand and applications for high-precision GPS technology; starting with precision GPS infrastructure, continuing through the market for GPS receivers, finished GPS goods and concluding with GPS augmentation and distribution services. Markets covered include surveying, engineering, agriculture, mining, deformation monitoring, GIS, marine and aviation for both machine control and non-machine control applications.

At the core of the 200 page report are five year growth and financial projections for the high precision Global Navigation Satellite Systems (GNSS) markets surveyed as well as analysis of the competitive landscape.

“The adoption of precision GPS and GNSS products and services, particularly for machine control, are reaping impressive productivity gains for innovators and early adopters”, said Rob Lorimer, Managing Director of Position One Consulting. “This report is in response to the growing demand for more detailed market intelligence regarding precise positioning products and services and the markets in which they are used”.

A free 14 page abstract of the report can be obtained by emailing them at