The global Positioning System (GPS) market was valued at around US $86.95 BN in 2022 and is expected to reach US $306.45 BN by 2030 with a CAGR of 16.10% during the forecast period.
The Global Positioning System (GPS) market is currently experiencing a surge in demand and innovation, as businesses and consumers alike recognize the transformative power of location-based technologies. GPS technology has evolved beyond its initial use in navigation systems, expanding its footprint across diverse industries. Companies are actively integrating GPS solutions into their products and services to enhance efficiency, safety, and overall user experience.
