Mid and High-level Precision GPS Receiver: Introduction
- A GPS receiver is an L-band radio processor capable of solving the navigation equations to determine user location, speed, velocity, and precise time (PVT), by processing the signal broadcasted by GPS satellites.
- Mid and high-level precision GPS receivers have various applications in agriculture, mining, construction, oil & gas, and other industries
- Rising technological advancements and GPS augmentation systems, and the increasing availability of more cost effective GPS solutions are the key driving factors of the global mid and high-level precision GPS receiver market.
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Rise in Demand for Use in Construction Industry
- In terms of end-use industry, the construction industry segment is estimated to be the dominant segment of the global mid and high-level precision GPS receiver market during the forecast period.
- Mid and high-level precision GPS receivers are largely used in the construction industry, due to the adoption of GPS technology in large-scale construction projects such as civil construction sites and megaprojects for equipment tracking.
- Moreover, rising demand for GPS products in construction projects for various uses including tracking systems for timely delivery of construction material and vehicle tracking software in order to track the mileage, speed, and engine hours, and personnel tracking to ensure that employees are at the workplace drives the mid and high-level precision GPS receiver market.
- Additionally, GPS technology connections with cloud technology helps collect and analyze significant location-based data on a company’s heavy equipment.
- In December 2024, Hexagon AB launched a new marine-certified GNSS receiver, namely MarinePak 7. It is specially designed for nearshore applications and Oceanix correction service for 3D positioning solutions.
- The major restraint of mid and high-level precision GPS receivers is low market acceptance of new technologies.
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Asia Pacific to Lead the Mid and High-level Precision GPS Receiver Market
- In terms of region, the global mid and high-level precision GPS receiver market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Asia Pacific is anticipated to experience the fastest growth in the mid and high-level precision GPS receiver market throughout the forecast period due to the growing agriculture (precision farming) industry as well as rising infrastructure development in major developing Asian countries.
- Asia Pacific is expected to witness increasing demand for mid and high-level precision GPS receivers from countries such as Japan, China, Taiwan, Indonesia, South Korea, and India for numerous applications.
- However, COVID-19 has resulted in disruptions in supply chain activities, revenue losses, and a slowdown in production activities which have highly impacted the growth of the mid and high-level precision GPS receiver market in the region.
- North America holds the second largest share of the mid and high-level precision GPS receiver market due to the presence of a few big players and several small regional players.
- The mid and high-level precision GPS receiver market in Europe is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa, and South America is estimated to expand at a moderate pace during the forecast period.
Key Players Operating in the Global Mid and High-level Precision GPS Receiver Market
Key players operating in the global mid and high-level precision GPS receiver market are focusing on technological advancements and expansion to meet the rising demand for mid and high-level precision GPS receivers.
Key players operating in the global mid and high-level precision GPS receiver market include:
- Trimble, Inc.
- Topcon Positioning Systems, Inc.
- Hexagon AB
- Javad GNSS, Inc.
- Hemisphere GNSS, Inc.
- Septentrio N.V.
- Geneq Inc.
- Leica Geosystems AG
- Navcom Technology, Inc.
- Sokkia Topcon Co., Ltd.
- Spectra Precision Inc.
Global Mid and High-level Precision GPS Receiver Market: Research Scope
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Global Mid and High-level Precision GPS Receiver Market, by Frequency Type
- Single Frequency
- Dual Frequency
Global Mid and High-level Precision GPS Receiver Market, by Type
- Differential Grade
- Survey Grade
Global Mid and High-level Precision GPS Receiver Market, by End-use Industry
- Agriculture
- Mining
- Construction
- Oil & Gas
- Others
Global Mid and High-level Precision GPS Receiver Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Mexico
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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