During the 1970s, global positioning systems (GPS) found application only in military and defense purposes. It was post 1999 that GPS signals were released for civilian use. Boosted by the proliferation of wireless technologies, GPS applications successfully penetrated into construction, aerospace, farming, and transportation over the last decade.
A new report by Transparency Market Research (TMR), titled “Global Positioning Systems (GPS) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018,” provides a comprehensive overview of the global positioning systems market. It studies the various factors influencing the market’s trajectory between 2012 and 2018. The impact of the prevailing regulatory framework and the latest government policies on the overall market dynamics has also been examined in the report in detail.