Global Mid-and High-Level Precision GPS Receiver Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028.
A GPS Receiver is a L-band radio processor that is primarily adopted for solving the navigation equations for determining operator position, accurate time, and velocity by processing the variety of signal waves that are broadcasted by GPS satellites. The mid-and high-level precision GPS receiver is gaining huge traction among industries like agriculture, mining, construction, oil & gas, and many others. The growing penetration of GPS receivers in the construction industry, rising availability of cost-effective GPS solutions, coupled with increasing technological development to improve overall GPS infrastructure are the chief factors that are driving the global market growth. For instance, according to GCP (Global Construction Perspectives) and oxford economics, the construction market is projected to grow around the world with more than USD 8 trillion by 2030, this growth is primarily driven by the US, India, and China. Accordingly, rising spending on construction activities is propelling the demand for mid-and high-level precision GPS receivers, thus, in turn, accelerating the market growth. However, heavy reliance on the availability of satellites and interfacing of GPS signals with light-squared signals impede the growth of the market over the forecast period of 2022-2028. Also, commercial use of unmanned aerial vehicles (UAVs) and the development of the emerging markets are anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Mid-and High-Level Precision GPS Receiver Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the availability of advanced infrastructural facilities and the high acceptance rate of emerging technologies. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growth of the agricultural industry, as well as the growth of the emerging economies such as India and China, would create lucrative growth prospects for the Mid-and High-Level Precision GPS Receiver Market across the Asia-Pacific region.
Major market players included in this report are:
Trimble, Inc.
Topcon Positioning Systems, Inc.
Hexagon AB
Javad GNSS, Inc.
Hemisphere GNSS, Inc.
Septentrio N.V.
Geneq Inc.
Raven Industries, Inc.
Cnh Industrial America LLC
Quectel Wireless Solutions Co., Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Frequency Type
Single Frequency
Dual Frequency
By Type
Differential Grade
Survey Grade
By Industry
Agriculture
Mining
Construction
Oil & Gas
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Mid-and High-Level Precision GPS Receiver Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Global Mid-and High-Level Precision GPS Receiver Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Global Mid-and High-Level Precision GPS Receiver Market, by Frequency Type, 2020-2028 (USD Billion)
- 1.2.3. Global Mid-and High-Level Precision GPS Receiver Market, by Type, 2020-2028 (USD Billion)
- 1.2.4. Global Mid-and High-Level Precision GPS Receiver Market, by Industry, 2020-2028 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Mid-and High-Level Precision GPS Receiver Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Mid-and High-Level Precision GPS Receiver Market Dynamics
- 3.1. Mid-and High-Level Precision GPS Receiver Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing adoption of GPS receivers in construction industry
- 3.1.1.2. Increasing technological advancements and GPS augmentation systems
- 3.1.2. Market Challenges
- 3.1.2.1. Heavy reliance on availability of satellites
- 3.1.2.2. Interfacing of GPS signals with light squared signals
- 3.1.3. Market Opportunities
- 3.1.3.1. Commercial use of unmanned aerial vehicles (UAVs)
- 3.1.3.2. Development of the emerging markets
Chapter 4. Global Mid-and High-Level Precision GPS Receiver Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Mid-and High-Level Precision GPS Receiver Market, by Frequency Type
- 6.1. Market Snapshot
- 6.2. Global Mid-and High-Level Precision GPS Receiver Market by Frequency Type, Performance - Potential Analysis
- 6.3. Global Mid-and High-Level Precision GPS Receiver Market Estimates & Forecasts by Frequency Type 2018-2028 (USD Billion)
- 6.4. Mid-and High-Level Precision GPS Receiver Market, Sub Segment Analysis
- 6.4.1. Single Frequency
- 6.4.2. Dual Frequency
Chapter 7. Global Mid-and High-Level Precision GPS Receiver Market, by Type
- 7.1. Market Snapshot
- 7.2. Global Mid-and High-Level Precision GPS Receiver Market by Type, Performance - Potential Analysis
- 7.3. Global Mid-and High-Level Precision GPS Receiver Market Estimates & Forecasts by Type 2018-2028 (USD Billion)
- 7.4. Mid-and High-Level Precision GPS Receiver Market, Sub Segment Analysis
- 7.4.1. Differential Grade
- 7.4.2. Survey Grade
Chapter 8. Global Mid-and High-Level Precision GPS Receiver Market, by Industry
- 8.1. Market Snapshot
- 8.2. Global Mid-and High-Level Precision GPS Receiver Market by Industry, Performance - Potential Analysis
- 8.3. Global Mid-and High-Level Precision GPS Receiver Market Estimates & Forecasts by Industry 2018-2028 (USD Billion)
- 8.4. Mid-and High-Level Precision GPS Receiver Market, Sub Segment Analysis
- 8.4.1. Agriculture
- 8.4.2. Mining
- 8.4.3. Construction
- 8.4.4. Oil & Gas
- 8.4.5. Others
Chapter 9. Global Mid-and High-Level Precision GPS Receiver Market, Regional Analysis
- 9.1. Mid-and High-Level Precision GPS Receiver Market, Regional Market Snapshot
- 9.2. North America Mid-and High-Level Precision GPS Receiver Market
- 9.2.1. U.S. Mid-and High-Level Precision GPS Receiver Market
- 9.2.1.1. Frequency Type estimates & forecasts, 2018-2028
- 9.2.1.2. Type estimates & forecasts, 2018-2028
- 9.2.1.3. Industry estimates & forecasts, 2018-2028
- 9.2.2. Canada Mid-and High-Level Precision GPS Receiver Market
- 9.3. Europe Mid-and High-Level Precision GPS Receiver Market Snapshot
- 9.3.1. U.K. Mid-and High-Level Precision GPS Receiver Market
- 9.3.2. Germany Mid-and High-Level Precision GPS Receiver Market
- 9.3.3. France Mid-and High-Level Precision GPS Receiver Market
- 9.3.4. Spain Mid-and High-Level Precision GPS Receiver Market
- 9.3.5. Italy Mid-and High-Level Precision GPS Receiver Market
- 9.3.6. Rest of Europe Mid-and High-Level Precision GPS Receiver Market
- 9.4. Asia-Pacific Mid-and High-Level Precision GPS Receiver Market Snapshot
- 9.4.1. China Mid-and High-Level Precision GPS Receiver Market
- 9.4.2. India Mid-and High-Level Precision GPS Receiver Market
- 9.4.3. Japan Mid-and High-Level Precision GPS Receiver Market
- 9.4.4. Australia Mid-and High-Level Precision GPS Receiver Market
- 9.4.5. South Korea Mid-and High-Level Precision GPS Receiver Market
- 9.4.6. Rest of Asia Pacific Mid-and High-Level Precision GPS Receiver Market
- 9.5. Latin America Mid-and High-Level Precision GPS Receiver Market Snapshot
- 9.5.1. Brazil Mid-and High-Level Precision GPS Receiver Market
- 9.5.2. Mexico Mid-and High-Level Precision GPS Receiver Market
- 9.6. Rest of The World Mid-and High-Level Precision GPS Receiver Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Trimble, Inc.
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Topcon Positioning Systems, Inc.
- 10.2.3. Hexagon AB
- 10.2.4. Javad GNSS, Inc.
- 10.2.5. Hemisphere GNSS, Inc.
- 10.2.6. Septentrio N.V.
- 10.2.7. Geneq Inc.
- 10.2.8. Raven Industries, Inc.
- 10.2.9. Cnh Industrial America LLC
- 10.2.10. Quectel Wireless Solutions Co., Ltd.
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption