The Mid-and High-Level Precision GPS Receiver Global Market Report 2023, provides comprehensive information on the mid-and high-level precision gps receiver market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Mid-and High-Level Precision GPS Receiver Market’s Growth:
The global mid- and high-level precision GPS receiver market is expected to grow from $2.84 billion in 2022 to $3.19 billion in 2023 at a compound annual growth rate (CAGR) of 12.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mid- and high-level precision GPS receiver market is expected to reach $4.91 billion in 2027 at a CAGR of 11.3%.
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Product innovations are a key trend gaining popularity in the mid-and high-level precision GPS receiver market. Major companies operating in the mid-and high-level precision GPS receiver market are developing new products to sustain their position in the market. For instance, in December 2022, ComNav Technology Ltd., a China-based manufacturer of GNSS (Global Navigation Satellite System) OEM boards and receivers for high-precision positioning, launched the Universe Serie GNSS Receiver. This revolutionary and creative laser GNSS receiver offers a rod-less survey. The device integrated a millimeter-level laser distance meter onto Venus, which may be used in laser mode to replace the range pole, extending the capabilities of GNSS surveying beyond the norm. Even with minor operational variations, such as moderate shaking, it can fulfil jobs with 10 cm measurement criteria. This non-contact survey has the potential to significantly expand the operating area, increase efficiency, and assure the safety of the typical GNSS receiver.
The mid-and high-level precision gps receiver market 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
Asia-Pacific was the largest region in the mid-and high-level precision gps receiver market in 2022.
- Stonex Group Inc.
- CNH Industrial N.V.
- Raytheon Technologies Corporation
- Hexagon AB
- Garmin Ltd.
The table of contents in TBRC’s mid-and high-level precision gps receiver market report includes:
1. Executive Summary
2. Mid And High Level Precision GPS Receiver Market Characteristics
3. Mid And High Level Precision GPS Receiver Market Trends And Strategies
4. Mid And High Level Precision GPS Receiver Market – Macro Economic Scenario
5.Global Mid And High Level Precision GPS Receiver Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
32. Global Mid And High Level Precision GPS Receiver Market Competitive Benchmarking
33. Global Mid And High Level Precision GPS Receiver Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mid And High Level Precision GPS Receiver Market
35. Mid And High Level Precision GPS Receiver Market Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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