Mid and High Level Precision GPS Receiver Market

Introduction of the Mid-and High-Level Precision GPS Receiver Market Report

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.

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Mid and High Level Precision GPS Receiver Market Key Drivers

The factors driving the Mid-and High-Level Precision GPS Receiver market include ongoing developments to develop overall GPS infrastructure, increasing deployment of GPS receivers in the construction industry, rising advancements in the technological field and GPS augmentation systems, and the growing availability of more economical GPS solutions. GPS receivers are extensively used by industries like construction, agriculture, mining, aviation, and maritime. These receivers assist in search and rescue, tracking and shipping, surveying and mapping, offshore drilling, and space exploration projects. Developments in the GPS system are expected to embrace reliability and coverage for these projects. With high reliability, surveyors can obtain even more accurate and uniform measurements; difficult inshore navigation on rivers and canals would be secure; and aircraft take-off, final approach, and landing would have far more comprehensive signal redundancy, thereby resulting in enhanced decision heights and safety margins. This, in turn, would drive the growth for end-market operations and expand the market penetration for GPS technology in traditional markets.

Impact of COVID-19 on Mid-and High-Level Precision GPS Receiver Market

The novel Coronavirus pandemic has severely affected the global economy and all the industries across the globe. The complete global lockdown in the early stages of the pandemic in various countries adversely affected the livelihoods of people. Moreover, lockdown resulted in interruptions in the supply chain and logistics across the globe. The production across industries has been restrained due to the pandemic resulting in the shortage of raw material. The reduction in exports and the disturbances in the supply chain are the key factors responsible for the decline in production. Hence, the mid-and high-level precision GPS receiver market growth is thus getting affected by COVID-19.

Restraint in the Mid-and High-Level Precision GPS Receiver Market

However, slow market approval for new upcoming technologies, heavy dependence on the availability of satellites is key restraining factors hindering the market growth.

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Type – Segment Analysis

Based on the Type, the Survey Grade segment is expected to grow at a higher CAGR during the forecast period. These receivers are prepared to achieve constant network efficiency in real-time or static mode. Survey-grade GPS receivers are often utilized by professional surveyors to get high-accuracy measurements of fixed locations. It offers highly accurate data for various surveying and mapping applications. Surveyors use more advanced technology than typical GPS applications to increase the accuracy of the data they collect. The surveyors collect data from the GPS technology is used for measurement between two locations. These measurements are collected, then stored, manipulated and displayed in a GIS for use in a survey model.

Industry – Segment Analysis

Based on the Industry, the Construction segment is expected to grow at a higher CAGR during the forecast period. GPS technology is adopted in large construction projects such as civil construction sites and megaprojects for tracking equipment. GPS products are also in high demand for construction projects in various uses, including tracking systems for timely delivery of raw material for construction and vehicle tracking software in order to track the speed, mileage, and personnel tracking to make sure that employees are at the workplace. Additionally, the connection of GPS technology with cloud technology helps collect and analyze significant location-based data on a company’s heavy equipment.

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Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is projected to dominate the market during the forecast period. This can be attributed 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, the novel Coronavirus outbreak 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 share in the region.

Top Market Players

Various notable players operating in the market include Trimble Inc., Topcon, Hexagon, JAVAD GNSS Inc., Hemisphere GNSS, Inc., Septentrio N.V., Geneq, Raven Industries, Inc., South Surveying & Mapping Technology CO., LTD., ComNav Technology Ltd., among others. 

Key Developments:

• • In 2020, Hexagon | NovAtel originated a new marine-certified GNSS receiver, the MarinePak 7. It is designed especially for nearshore application and supports SPAN GNSS+INS technology and Oceanix correction service for 3D positioning solutions.
  • In 2020, Trimble Inc. declared a new addition to the GNSS portfolio, the Trimble R12i GNSS receiver. It involves an inertial measurement unit (IMU)-based tilt compensation using Trimble TIP technology, allowing points to be staked out or measured when the survey rod is tilted, thereby empowering land surveyors to concentrate on the job at hand and complete work more rapidly and accurately.

Segments covered in the Report:

The global Mid-and High-Level Precision GPS Receiver market has been segmented on the basis of Frequency Type, Type, Industry and regions. Based on Frequency Type, the market is segmented into Single Frequency and Dual Frequency. Based on Type, the market is segmented into Differential Grade and Surey Grade. Based on Industry, the market is segmented into Agriculture, Mining, Construction, Oil & Gas and Other. 

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Key questions answered in this research report:

• • At what pace is global Mid-and High-Level Precision GPS Receiver market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Mid-and High-Level Precision GPS Receiver market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Mid-and High-Level Precision GPS Receiver market?
  • Which Frequency Type generated maximum revenues in 2019 and identify the most promising Frequency Type during the forecast period?
  • What are the various Type areas of global Mid-and High-Level Precision GPS Receiver market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Frequency Type, By Type, By Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Trimble Inc., Topcon, Hexagon, JAVAD GNSS Inc., Hemisphere GNSS, Inc., Septentrio N.V., Geneq, Raven Industries, Inc., South Surveying & Mapping Technology CO., LTD., ComNav Technology Ltd., among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

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
  • Surey Grade

Global Mid-and High-Level Precision GPS Receiver Market by Industry

• • Agriculture
  • Mining
  • Construction
  • Oil & Gas
  • Other

Global Mid-and High-Level Precision GPS Receiver Market by Region

• • North America Mid-and High-Level Precision GPS Receiver Market (Option 1: As a part of the free 25% customization)
    • North America Mid-and High-Level Precision GPS Receiver Market by Frequency Type
    • North America Mid-and High-Level Precision GPS Receiver Market by Type
    • North America Mid-and High-Level Precision GPS Receiver Market by Industry
    • US Mid-and High-Level Precision GPS Receiver Market All-Up
    • Canada Mid-and High-Level Precision GPS Receiver Market All-Up
  • Europe Mid-and High-Level Precision GPS Receiver Market (Option 2: As a part of the free 25% customization)
    • Europe Mid-and High-Level Precision GPS Receiver Market by Frequency Type
    • Europe Mid-and High-Level Precision GPS Receiver Market by Type
    • Europe Mid-and High-Level Precision GPS Receiver Market by Industry
    • UK Mid-and High-Level Precision GPS Receiver Market All-Up
    • Germany Mid-and High-Level Precision GPS Receiver Market All-Up
    • France Mid-and High-Level Precision GPS Receiver Market All-Up
    • Spain Mid-and High-Level Precision GPS Receiver Market All-Up
    • Rest of Europe Mid-and High-Level Precision GPS Receiver Market All-Up
  • Asia-Pacific Mid-and High-Level Precision GPS Receiver Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Mid-and High-Level Precision GPS Receiver Market by Frequency Type
    • Asia-Pacific Mid-and High-Level Precision GPS Receiver Market by Type
    • Asia-Pacific Mid-and High-Level Precision GPS Receiver Market by Industry
    • China Mid-and High-Level Precision GPS Receiver Market All-Up
    • India Mid-and High-Level Precision GPS Receiver Market All-Up
    • Japan Mid-and High-Level Precision GPS Receiver Market All-Up
    • Rest of APAC Mid-and High-Level Precision GPS Receiver Market All-Up
  • RoW Mid-and High-Level Precision GPS Receiver Market (Option 4: As a part of the free 25% customization)
    • RoW Mid-and High-Level Precision GPS Receiver Market by Frequency Type
    • RoW Mid-and High-Level Precision GPS Receiver Market by Type
    • RoW Mid-and High-Level Precision GPS Receiver Market by Industry
    • Brazil Mid-and High-Level Precision GPS Receiver Market All-Up
    • South Africa Mid-and High-Level Precision GPS Receiver Market All-Up
    • Saudi Arabia Mid-and High-Level Precision GPS Receiver Market All-Up
    • UAE Mid-and High-Level Precision GPS Receiver Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Mid-and High-Level Precision GPS Receiver Market All-Up

Major Players Operating in the Mid-and High-Level Precision GPS Receiver (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Trimble Inc.
  • Topcon
  • Hexagon
  • JAVAD GNSS Inc.
  • Hemisphere GNSS, Inc.
  • Septentrio N.V.
  • Geneq
  • Raven Industries, Inc.
  • South Surveying & Mapping Technology CO., LTD.
  • ComNav Technology Ltd.