Global Positioning Systems Market to Reflect Steady Growth During 2026 Global Positioning Systems Market (GPS) was valued US$ 38.01 Bn in 2017 and is expected to reach US$ 135.34 Bn by 2026, at a CAGR of 17.2 % during a forecast period. BriefingWire.com, 5/25/2021 - Global Positioning Systems Market (GPS) was valued US$ 38.01 Bn in 2017 and is expected to reach US$ 135.34 Bn by 2026, at a CAGR of 17.2 % during a forecast period. GPS is a radio navigation system that allows sea, land, and airborne users to define their exact location, velocity, and time 24 hours a day, in all weather conditions, anywhere in the world. GPS is a satellite-based navigation system consisting of a network of 24 orbiting satellites that are eleven thousand nautical miles in space and in six different orbital paths. The satellites are regularly moving, making two complete orbits around the Earth in just under 24 hours. If we do the math, that's about 2.6 kilometers per second.