GPS Devices and Systems Will Generate Revenues of $240 Billion by 2013
At the same time satellite positioning technology itself is improving with the upgrade of the existing GPS system and the rollout of new GNSS systems. The GPS modernization project is in full swing with three Block IIR-M satellites launched in the last six months and the contract for GPS Block III satellites to be awarded soon. The funding for the EU’s Galileo constellation was finally approved and the second GIOVE-B test satellite was launched on April 27. The Russian GLONASS system has 16 satellites in orbit and should become operational by the end of 2008. These projects will result in more and stronger satellite signals and a higher number of visible satellites being available, which will improve coverage, accuracy, and reliability.