Substantial technological advances have been made in recent years to improve the accuracy of the global positioning system. Today, precise positioning technology uses multiple frequency Global Navigation Satellite Systems (GNSS) receivers to achieve real-time or near real-time accuracy of two centimetres. This degree of accuracy opens up a range of new commercial applications for improving production and processing efficiency in industries such as agriculture, mining and construction. See the full report by Allen Consulting below.
Precision GNSS technology is being used to some extent in the agricultural, mining and construction industries, and some utilities and local governments.
The gross benefit flowing from existing uptake in the agricultural, mining and construction sectors is estimated to range between $829 million and $1486 million per annum, depending on the size of productivity gains assumed. This represents a contribution to national GDP of between 0.08 per cent and 0.14 per cent.
Application of precision GNSS to asset mapping by utilities and local government Australia-wide is estimated to result in operating cost savings of $435 million to $870 million per annum and capital cost savings of up to $2.3 billion per annum.