The Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market Growth at a rate of 16.70% in the forecast period 2022 to 2029
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Market Analysis and Insights - Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market
An increase in the adoption of the survey grade in industries such as construction and agriculture, among others as it offers accurate positioning. The mid-and high-level precision GPS receiver are widely being utilized to survey markers, and buildings and position road construction. They are effective in achieving constant network accuracy in static mode or real time.
Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market was valued at USD 2.93 billion in 2021 and is expected to reach USD 10.08 billion by 2029, registering a CAGR of 16.70% during the forecast period of 2022 to 2029. Survey Grade accounts for the largest application segment in the respective market owing to the use by professional surveyors for acquiring accuracy measurements of fixed locations. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
A GPS receiver refers to an L-band radio processor that is capable of solving the navigation equations for determining user location, velocity, precise time (PVT), and speed, by processing the signal broadcasted by GPS satellites. Mid and high-level precision GPS receivers are widely deployed in numerous industry verticals including mining, construction, agriculture, and oil and gas, among others.
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Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market Size
The mid-and high-level precision global positioning system (GPS) receiver market is segmented on the basis of frequency type, type and industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Recent Developments
- Hexagon AB | NovAtel launched MarinePak 7, a new marine-certified GNSS receiver in December 2020. It is specifically designed for nearshore application. The receiver is known to support SPAN GNSS+INS technology and Oceanix correction service.
- Trimble, Inc. unveiled the Trimble R12i GNSS receiver, a new addition to the GNSS portfolio in September 2020. The technology consists of an inertial measurement unit (IMU)-based tilt compensation that makes use of Trimble TIP technology. It allows points to be measured or staked out while the survey rod is tilted.
Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market Country Level Analysis
The mid-and high-level precision global positioning system (GPS) receiver market is analyzed and market size insights and trends are provided by country, frequency type, type and industry.
The countries covered in the mid-and high-level precision global positioning system (GPS) receiver market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the mid-and high-level precision global positioning system (GPS) receiver market due to the gradual deployment of smart agriculture services within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the adoption of variable rate technology and smart irrigation controllers, and AI-based farm analytics services in the region.
Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market Share Analysis
The mid-and high-level precision global positioning system (GPS) receiver market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to mid-and high-level precision global positioning system (GPS) receiver market.
Key Players Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market
Some of the major players operating in the mid-and high-level precision global positioning system (GPS) receiver market are
- AG Leader Technology Inc. (US)
- AGCO Corporation (US)
- AgJunction Inc. (Canada)
- AgEagle Aerial Systems, Inc. (US)
- Valmont Industries Inc. (US)
- Agsmart Pty Ltd (Australia)
- BouMatic (US)
- CROPMETRICS (US)
- Trimble Inc. (US)
- CropX Inc. (Israel)
- Deere Company (US)
Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market Report Answers the Following Questions:
- How much revenue will the Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market generate by the end of the forecast period?
- Which market segment is expected to have the maximum market share?
- What are the influencing factors and their impact on the Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market ?
- Which regions are currently contributing the maximum share of the overall Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market ?
- What indicators are likely to stimulate the Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market ?
- What are the main strategies of the major players in the Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market to expand their geographic presence?
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