Cloud Banner

Semiconductors and Electronics

Image

Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - 16.7% Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 2.93 Billion
Diagram Market Size (Forecast Year) USD 10.08 Billion
Diagram CAGR 16.7%

Global Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market, By Frequency Type (Single Frequency, Dual Frequency), Type (Differential Grade, Survey Grade), Industry (Agriculture, Mining, Construction, Oil and Gas, Others) - Industry Trends and Forecast to 2029

Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market

Market Analysis and Size

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.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Frequency Type (Single Frequency, Dual Frequency), Type (Differential Grade, Survey Grade), Industry (Agriculture, Mining, Construction, Oil and Gas, Others)

Countries Covered

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, South Africa, Egypt, Israel, 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.

Market Players Covered

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), Farmers Edge Inc. (Canada), GEA Group Aktiengesellschaft (Germany), Monsanto Company (US), Taranis (US), Precision Planting LLC (US), Raven Industries Inc. (US), Topcon (Japan), Tetra Laval International S.A. (Switzerland), and Trimble Inc. (US), among others

Market Opportunities

  • Use Of Unmanned Aerial Vehicles Or Drones In Agricultural Farms
  • Use of modern technologies such as variable rate technology (VRT), and data management software
  • Availability Of Various Sensors Such As Load, Temperature, And Vibration

Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Rise in Construction Industry

The rise in the use of mid-and high-level precision GPS receiver in the construction industry is one of the major factors driving the growth of mid-and high-level precision global positioning system (GPS) receiver market. The GPS technology is widely being adopted in large-scale construction projects such as megaprojects for equipment tracking and civil construction sites.

  • Availability of Low-Cost Sensors

The availability of various sensors such as load, temperature, and vibration accelerate the market growth. The on-going technological advancements in the semiconductor industry and intense competition among various manufacturers also drive the market growth.

  • Use of Modern Technologies in Agricultural Products

The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products further influence the market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the mid-and high-level precision global positioning system (GPS) receiver market.

Opportunities

Furthermore, commercial use of unmanned aerial vehicles (UAVs), and technological advancements and GPS augmentation systems extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, continuous developments to improve overall GPS infrastructure will further expand the market.

Restraints/Challenges

On the other hand, low acceptance for new technologies and heavy reliance on availability of satellites are expected to obstruct market growth. Also, issues with interfacing of GPS signals with light squared signals and low demand for GPS receivers due to COVID-19 are projected to challenge the mid-and high-level precision global positioning system (GPS) receiver market in the forecast period of 2022-2029.

This mid-and high-level precision global positioning system (GPS) receiver market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on mid-and high-level precision global positioning system (GPS) receiver market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market

The COVID-19 had a negative impact on mid-and high-level precision global positioning system (GPS) receiver market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for industrial services market. The supply chain got hampered during the pandemic along with delay logistics activities. However, the mid-and high-level precision global positioning system (GPS) receiver market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

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 the 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 Scope and 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.

Frequency Type

  • Single Frequency
  • Dual Frequency

Type

  • Differential Grade
  • Survey Grade

Industry

  • Agriculture
  • Mining
  • Construction
  • Oil and Gas
  • Others

Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market Regional Analysis/Insights

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.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market

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.

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)
  • Farmers Edge Inc. (Canada)
  • GEA Group Aktiengesellschaft (Germany)
  • Monsanto Company (US)
  • Taranis (US)
  • Precision Planting LLC (US)
  • Raven Industries Inc. (US)
  • Topcon (Japan)
  • Tetra Laval International S.A. (Switzerland)
  • Trimble Inc. (US)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market is projected to grow at a CAGR of 16.70% during the forecast period by 2029.
The future market value of the Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market is expected to reach USD 10.08 billion by 2029.
The major players in the Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market 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), etc.
The countries covered in the Mid-and High-Level Precision Global Positioning System (GPS) Receiver Market 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, etc.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials