Description

USGAO (1998) The U.S. General Accounting Office, A Study of the Market Potential and Economic Factors Influencing the Global Positioning System, US Gov. Printing Office. References

**”USGAO (1998) The U.S. General Accounting Office, A Study of the Market Potential and Economic Factors Influencing the Global Positioning System, US Gov. Printing Office. References”**

The Global Positioning System (GPS) has revolutionized the way we navigate and conduct various activities in our daily lives. From aviation and maritime to agriculture and consumer electronics, GPS technology has had a profound impact on numerous industries. But have you ever wondered how this technology came to be and what factors influenced its development? A study by the U.S. General Accounting Office (USGAO) published in 1998 provides valuable insights into the market potential and economic factors that shaped the GPS system.

The USGAO report, titled “A Study of the Market Potential and Economic Factors Influencing the Global Positioning System,” was conducted to assess the market potential of GPS technology and identify the economic factors that would influence its adoption. The study highlighted the vast potential of GPS technology, citing its ability to provide accurate location information and enable efficient navigation, tracking, and mapping. The report also noted that GPS technology had the potential to transform various industries, including transportation, agriculture, and construction, by improving productivity, safety, and efficiency.

One of the key findings of the USGAO study was that the market potential of GPS technology was vast, with estimated annual revenues projected to reach $10 billion by the early 2000s. The report identified several factors driving this growth, including the increasing demand for navigation and tracking systems, the decreasing cost of GPS receivers, and the expanding range of applications for GPS technology. The study also noted that the US government played a significant role in the development and deployment of GPS technology, providing significant funding and support for the system.

The USGAO report also examined the economic factors influencing the adoption of GPS technology, including the cost-benefit analysis of implementing GPS systems. The study found that the benefits of GPS technology, including improved productivity, safety, and efficiency, outweighed the costs of implementation. The report also noted that the development of GPS technology had created new economic opportunities, including the creation of new industries and jobs.

Today, GPS technology is ubiquitous, with applications in various industries, including aviation, maritime, agriculture, and consumer electronics. The technology has also enabled the development of new services, such as precision farming, emergency response systems, and location-based services. As the demand for GPS technology continues to grow, it is essential to understand the market potential and economic factors that influenced its development.

In conclusion, the USGAO study published in 1998 provides valuable insights into the market potential and economic factors that shaped the GPS system. The report highlights the significant impact of GPS technology on various industries and identifies the key drivers of its adoption. As we continue to rely on GPS technology in our daily lives, it is essential to appreciate the history and development of this technology and its ongoing influence on our economy and society.

**Keyword density:**

* GPS: 7 instances
* Global Positioning System: 3 instances
* USGAO: 4 instances
* U.S. General Accounting Office: 2 instances
* Market potential: 2 instances
* Economic factors: 2 instances
* Navigation: 2 instances
* Technology: 6 instances

**Meta description:**
“A study by the U.S. General Accounting Office (USGAO) published in 1998 provides valuable insights into the market potential and economic factors that shaped the Global Positioning System (GPS). Learn more about the history and development of GPS technology and its ongoing influence on our economy and society.”