![]() ![]() GPS is increasingly integrated with other technologies and systems that build on each other to achieve greater outcomes. The technological environment is one of rapid changes in information and materials technology and integration of technologies at levels ranging from systems on a chip to large-scale systems. GPS benefit estimates will be “ballpark” no matter how sophisticated the methodology because of limits to the availability of information, but in many cases, knowing orders of magnitude is essential in choosing courses of action. Baseline estimates facilitate comparisons with future developments. In addition, economic values can contribute to planning for GPS modernization and analysis of budgets. Assessing the economic implications of actions such as preventing or disallowing interference, spectrum reallocation, developing supplementary or backup systems and/or toughening receivers can be informed by value estimates and the data used to derive them. The purpose is to inform the public, federal decision makers and critical infrastructure owners/operators on the importance of GPS and the need to protect it from disruption. leadership in GNSS, commissioned a study to assign a quantitative value to the broad economic uses of GPS. The National Executive Committee for Space-Based Positioning, Navigation and Timing (PNT), which is responsible for maintaining U.S. GPS and other GNSS and enhancements raise productivity reduce and avoid costs save time enable improved and new production processes, products and markets increase health and well-being reduce injury and loss of life improve the environment and increase security. will continue to provide leadership, standards and innovation in technology and applications with positive domestic feedback. will increase with the availability of other GNSS systems, even though GPS will constitute a smaller share of global GNSS benefits. The unmistakable conclusion: GPS is everywhere.īenefits of GPS to the U.S. New GPS signals and other improvements in the system will further expand and enhance use. These benefits have grown rapidly with the integration of GPS with other technologies and its wider and deeper infusion into applications. The study is the first part of an effort that is expected to refine and extend this analysis.Ĭritical to many civilian applications and innovations, GPS brings great economic benefits. It demonstrates the widespread use and importance of GPS to the U.S., with estimated benefits in 2013 of about $56 billion, or 0.3% of GDP for a subset of applications. The study reported on at the meeting was requested by the National Executive Committee for Space-Based Positioning, Navigation and Timing. ![]() This article is based on a presentation to the National Space-Based Positioning, Navigation and Timing Advisory Board in June 2015. (Chart: GPS World, based on data from author) These are advanced, yet affordable systems that can quickly detect and report a theft of a vehicle.Table 1. It prevents theft to a great extent and saves you the time, money and energy that goes into solving such inconveniences. Stolen Vehicle Tracking is the most important aspect of the GPS tracking system. ![]() Not to mention, fuel consumption is reduced to a great deal. They can cut down on costs and have better chances of increasing their investment funds. Organizations that have been using fleet tracking possess the capacity to accomplish tremendous feats business-wise. The purpose of fleet tracking is to ensure that productivity is at an adequate level. One can track fleets, lone workers or stolen vehicles and plant equipment.įleet tracking enables one to follow a vehicle using GPS. Due to technological advances and the increased accessibility of innovation, GPS tracking is now used even industries, mainly for the purpose of Fleet Tracking. When GPS tracking first came out, it was solely used for vehicle security. ![]()
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