Mid-and High-Level Precision GPS Receiver Market Size
The Mid-and High-Level Precision GPS Receiver Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Mid-and High-Level Precision GPS Receiver Market Size and Projected Growth Rate?
The market size for mid-and high-level precision GPS receivers has seen a rapid expansion in recent years. A growth from $3.51 billion in 2024 to $3.89 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 11.0% is anticipated. The rise in the historic period can be linked to factors such as environmental monitoring, advancements in space exploration, military uses, civilian navigation, surveying and mapping, and precision agriculture.
The market for mid and high-level precision GPS receivers is set to experience significant expansion in the coming years, with projections estimating it will reach $6.21 billion by 2029, growing at a CAGR of 12.4%. Factors contributing to this growth in the forecast period include the development of smart cities and infrastructure, incorporation of telecommunications, increased adoption of the internet of things, and a surge in autonomous vehicles. Key trends expected to emerge during this period are the advancement in technology, updates in real-time kinematics technology, the incorporation of machine learning, and the integration of AI.
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What Are the Major Segments in the Mid-and High-Level Precision GPS Receiver Market?
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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What Are The Driving Mid-and High-Level Precision GPS Receiver Market Evolution?
The anticipated growth of the mid- and high-level precision GPS receiver market is directly linked to the escalating construction sector. The sphere of the construction industry encompasses building, repairing, remodelling, and preserving structures, and is a vital blend of science and commerce. This includes the creation of buildings, engineering endeavours, roads, utilities and other specialized facilities. GPS technology has become instrumental in monitoring equipment for large-scale construction projects, such as civil construction sites and grand-scale projects, leading to increased demand for GPS tools within the industry. As per a research conducted by the United States Census Bureau, a federally operated statistical system organization, in June 2023, the total expenditure in construction in April 2023 is forecasted to reach $1,908.4 billion, marking a 7.2% or $1,780.9 billion rise from April 2022. Additionally, January 2023 saw the construction of 1,406,000 new housing units, presenting a 12.8% growth from January 2022. Hence, the upward trajectory of the construction industry is fuelling the expansion of the mid- and high-level precision GPS receiver market.
Which Firms Dominate The Mid-and High-Level Precision GPS Receiver Market Segments?
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 Trends Are Expected to Dominate the Mid-and High-Level Precision GPS Receiver Market in the Next 5 Years?
The evolution of product offerings is becoming a prominent trend in the market for mid- to high-level precision GPS receivers. Giant players in this sector are producing novel products as a means to maintain their market presence. An example of this is ComNav Technology Ltd., a Chinese company specializing in the manufacture of GNSS (Global Navigation Satellite System) OEM boards and receivers designed for high-accuracy positioning. In December 2022, they introduced the Universe Serie GNSS Receiver, a groundbreaking and inventive laser GNSS receiver that is capable of performing a rod-less survey. The device incorporates a millimeter-level laser distance meter into Venus, providing an alternative to the range pole in laser mode and pushing the boundaries of GNSS surveying. The device maintains its effectiveness with a 10 cm measurement criterion even under minor operational fluctuations such as slight shaking. This laser-based, non-contact survey method could potentially broaden the functioning scope, enhance productivity, and guarantee the safety of standard GNSS receivers.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Mid-and High-Level Precision GPS Receiver Market?
2. What is the CAGR expected in the Mid-and High-Level Precision GPS Receiver Market?
3. What Are the Key Innovations Transforming the Mid-and High-Level Precision GPS Receiver Industry?
4. Which Region Is Leading the Mid-and High-Level Precision GPS Receiver Market?
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