What is the Historical Analysis of the Mid-and High-Level Precision GPS Receiver Market Size?
The mid-and high-level precision gps receiver market has seen considerable growth due to a variety of factors.
•The market size of mid-and high-level precision GPS receivers has seen swift expansion in the last few years, progressing from $3.51 billion in 2024 to an anticipated $3.89 billion in 2025, equaling an impressive compound annual growth rate (CAGR) of 11.0%.
The notable progress witnessed during the historical period is credited to factors such as environmental monitoring, developments in space exploration, military applications, civil navigation, surveying and mapping, along with the rise of precision agriculture.
What is the Forecasted Growth of the Mid-and High-Level Precision GPS Receiver Market Size?
The mid-and high-level precision gps receiver market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to gain substantial traction in the forthcoming years, the mid-and high-level precision GPS receiver market size is predicted to significantly inflate to a robust $6.21 billion in 2029, advancing at a compound annual growth rate (CAGR) of 12.4%.
This splurge during the prediction span is primarily ascribed to aspects like the establishment of smart cities and infrastructures, integration of telecommunications, implementation of the internet of things, and the surge in autonomous vehicles. The era is also expected to showcase dominant trends like a technological leap, development in real-time kinematics technology, amalgamation of machine learning, and AI incorporation.
What Are The Key Drivers Fueling Growth In The Mid-and High-Level Precision GPS Receiver Market?
The anticipated growth of the mid- and high-level precision GPS receiver market is being fueled by the thriving construction industry. This industry encompasses the scientific and commercial aspects of constructing, repairing, revising, and maintaining structures, including buildings, engineering projects, roads, utility systems, and other specialized structures. GPS technology is increasingly being used in large construction projects, such as civil construction sites and grand scale projects, for tracking equipment. This has resulted in a surge in demand for GPS devices in the construction field. In June 2023, a study by the United States Census Bureau, a US-based federal statistical system organization, estimated construction expenditure in April 2023 to hit $1,908.4 billion, a 7.2% rise or $1,780.9 billion from April 2022. The study further noted that 1,406,000 new dwelling units were constructed in January 2023, denoting a 12.8% growth from January 2022. Consequently, the booming construction industry is driving the expansion of the mid- and high-level precision GPS receiver market.
What Are The Principal Market Segments In The Global Mid-and High-Level Precision GPS Receiver Industry?
The mid-and high-level precision GPS receiver market covered in this report is segmented –
1) By Type: Differential Grade, Survey Grade
2) By Frequency Type: Single Frequency, Dual Frequency
3) By Industry: Agriculture, Mining, Construction, Oil And Gas, Other Industries
Subsegments:
1) By Differential Grade: Real-Time Kinematic (RTK) GPS, Post-Processed Kinematic (PPK) GPS
2) By Survey Grade: Static GPS, Networked GPS
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Which Emerging Market Trends Are Altering The Mid-and High-Level Precision GPS Receiver Sector?
One prevalent trend gaining traction in the medium and high-precision GPS receiver market is product innovation. Top players in this market are introducing fresh products in a bid to maintain their market foothold. For instance, the Universe Serie GNSS receiver was launched in December 2022 by ComNav Technology Ltd., a Chinese firm that manufactures GNSS (Global Navigation Satellite System) OEM boards and receivers for high-precision positioning. This groundbreaking and imaginative laser GNSS receiver, which performs rod-less surveys, incorporated a millimeter-level laser distance meter onto Venus. The device can be utilized in laser mode to supersede the range pole, expanding the applications of GNSS surveying. Despite slight functional variations like moderate shaking, it can accomplish tasks that require 10 cm measurement accuracy. This non-contact survey can remarkably widen the working area, boost efficiency, and guarantee the safety of the usual GNSS receiver.
Who Are the Key Players in the Mid-and High-Level Precision GPS Receiver Market?
Major companies operating in the mid-and high-level precision GPS receiver market include:
• Stonex Group Inc.
• CNH Industrial N.V.
• Raytheon Technologies Corporation
• Hexagon AB
• Garmin Ltd.
• Trimble Inc.
• MiTAC Holdings Corp.
• Topcon Positioning Systems Inc.
• u-blox AG
• Hi-Target Surveying Instrument Co. Ltd.
• Raven Industries Inc.
• CHC Navigation Technology Ltd.
• AG Leader Technology Inc.
• Carlson Systems Holdings Inc.
• Septentrio N.V.
• Hemisphere GNSS Inc.
• NVS Technologies Inc.
• Javad GNSS Inc.
• Unicore Communications Inc.
• Swift Navigation Inc.
• Thales Group
• Syntony SAS
• SkyTraq Technology Inc.
• Geneq Inc.
• South Surveying & Mapping Technology Co. Ltd.
• Tersus GNSS Inc.
• Eos Positioning Systems Inc.
• NavtechGPS Inc.
• Satlab Geosolutions AB
• Tallysman Wireless Inc.
What are the Regional Insights into the Mid-and High-Level Precision GPS Receiver Market?
Asia-Pacific was the largest region in the mid- and high-level precision GPS receiver market in 2024. The regions covered in the mid-and high-level precision GPS receiver market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
