Sectors GPS Investors Can Capitalize On In Light of Recent GNSS Developments
Once upon a time, the US enjoyed the security of being the only country in the world to have technology capable of relaying the geolocation and time information to a receiver anywhere in the world. It was then known as Navstar Global Positioning System and later as simply GPS. Today, Russia has GLONASS, and China and the EU will soon have their respective sat-nav systems, BeiDou Navigation Satellite System and Galileo, fully operational in two more years.
Although the proliferation of GNSS raises concerns over national security, it also paved the way for useful innovations. Tech investors and visionaries now have more industries to sink their teeth into. More importantly, the increasing use of GNSS raised the importance of GNSS/INS simulation platforms and devices.
GPS-Enabled Consumer Products and Services Across Industries
The automotive industry is one of the leading markets for GPS/GNSS technology. Investors are no longer limited to this sector, however. Improvements in GNSS tech and efforts to mass produce and make satellite-guided devices more accessible to the public paved the way for more consumer-level innovations.
- Retail – Online and brick-and-mortar retailers that offer product deliveries use GNSS to track the progress of couriers. They also provide tracking numbers to customers for their peace of mind. GNSS integration in this industry is relatively new, however, and has plenty of room for improvement.
- Logistics – Similar to how the retail industry benefits from GNSS/INS, logistics companies now use modern technology to track and monitor the activities of their entire fleet. GNSS tech eliminates the need for bulky, radiofrequency-based devices like handheld radios and receivers.
- Home Improvement – The advent of the Internet of Things (IoT) in households and offices all but ensured that GNSS would be a marketplace commodity. As stated in the European GNSS Agency’s GNSS Market Report, IOT relies on GNSS for location and timing information. It’s why the industry is looking at GNSS integration in IOT infrastructure, like automatic garages and smart HVAC systems (both use geofencing technology).
- Consumer Gadgets – GPS integration in devices and software is becoming the norm. Luggage tags, pet collars, drones, dash cams, and expensive items, such as laptops and smartphones, have built-in trackers.
- Agriculture – The agricultural sector is increasingly dependent on GNSS/INS technology. Investors can explore a wide range of applications for satellite-based technology, like water supply sensors and tracking collars or implants for livestock and cattle.
- Health – There’s a demand for information and communications technologies in healthcare, and it involves the use of GPS. The technology is especially helpful to caregivers for the elderly. GPS devices reduce the risk of old patients getting lost and enable remote monitoring of the elderly.
GNSS Testing: The Consistent Factor
As GNSS/INS technology continues to evolve and as its applications expand, one thing remains constant: the need to test their technology and provide value to customers.
GPS tracking devices in the US are now more affordable and accessible to both consumers and manufacturers, giving more profitable opportunities for investors. Their companies are responsible, however, for ensuring their products work. The greater the potential impact of a device on people’s lives, the more necessary extensive testing becomes. Therefore, they need to invest in GNSS simulation platforms and other technology for satellite positioning and receptor testing.
CAST is a leader in GNSS/INS simulation systems in the United States. We also provide diagnostic and testing technology to clients from other countries. Although we specialize in military applications, our products are also viable for non-military projects.
Make your investment in GPS and GNSS/INS technologies count. Contact CAST today and schedule a consultation.