GPS Market is estimated to be US$ 122.69 billion by 2030 with a CAGR of 11.5% during the forecast pe
The Global GPS Market accounted for US$ 41.25 billion in 2020 and is estimated to be US$ 122.69 million by 2030 and is anticipated to register a CAGR of 11.5%. The GPS is a satellite-based navigation system comprised of a network of 24 satellites sent into orbit by the United States Defense Department. GPS was designed for military purposes but was made available to civilians in the 1980s by the government. Receivers can use the information sent by the satellites to precisely identify locations on Earth by measuring distances from the satellites. GPS (Global Positioning System) tracking devices have been known to be used to obtain exact, real-time location-based information about an adult, a child, a vehicle, or even another type of asset that an individual may possess.
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- GPS Market is estimated to be US$ 122.69 billion by 2030 with a CAGR of 11.5% during the forecast pe
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