Potential impact of a 30-day GPS outage
| Sector | Specific analytical focus | Benefits ($Million) |
|---|---|---|
| Electricity | Electrical system reliability and efficiency | $275 |
| Finance | High-frequency trading | Negligible |
| Location-based services | Smartphone apps and consumer devices that use location services to deliver services and experiences | $2,859 |
| Mining | Efficiency gains, cost reductions, and increased accuracy | $949 |
| Maritime | Navigation, port operations, fishing, and recreational boating | $10,411 |
| Oil and gas | Positioning for offshore drilling and exploration | $1,520 |
| Surveying | Productivity gains, cost reductions, and increased accuracy in professional surveying | $331 |
| Telecommunications | Improved reliability and bandwidth utilization for wireless networks | $9,816 |
| Telematics | Efficiency gains, cost reductions, and environmental benefits through improved vehicle dispatch and navigation | $4,137 |
| Total, Excluding Ag. | If the outage were not to occur during critical planting seasons | $30,298 |
| Agriculture | Precision agriculture technologies and practices | $15,122 |
| Total, Including Ag | If the outage were to occur during critical planting seasons | $45,420 |
| Sector | Specific analytical focus | Benefits ($Million) |
|---|---|---|
| Electricity | Electrical system reliability and efficiency | $275 |
| Finance | High-frequency trading | Negligible |
| Location-based services | Smartphone apps and consumer devices that use location services to deliver services and experiences | $2,859 |
| Mining | Efficiency gains, cost reductions, and increased accuracy | $949 |
| Maritime | Navigation, port operations, fishing, and recreational boating | $10,411 |
| Oil and gas | Positioning for offshore drilling and exploration | $1,520 |
| Surveying | Productivity gains, cost reductions, and increased accuracy in professional surveying | $331 |
| Telecommunications | Improved reliability and bandwidth utilization for wireless networks | $9,816 |
| Telematics | Efficiency gains, cost reductions, and environmental benefits through improved vehicle dispatch and navigation | $4,137 |
| Total, Excluding Ag. | If the outage were not to occur during critical planting seasons | $30,298 |
| Agriculture | Precision agriculture technologies and practices | $15,122 |
| Total, Including Ag | If the outage were to occur during critical planting seasons | $45,420 |
Range of potential losses is $16 to $35 billion, before accounting for losses of about $15 billion if a 30-day outage were to occur during critical planting seasons for U.S. farmers
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